World - Radio Remote Control Apparatus - Market Analysis, Forecast, Size, Trends And Insights
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The global market for radio remote control apparatus is forecasted to experience a steady increase over the next eight years, with a projected CAGR of +4.1%. Market volume is expected to reach 1.1B units by the end of 2030. The United States, China, and India are the countries with the highest levels of consumption and market value. Production and exports of radio remote control apparatus have also seen growth, with China being the major exporter. Import prices have shown fluctuations, with the average prices varying amongst major importing and exporting countries.
Market Forecast
Driven by increasing demand for radio remote control apparatus worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +4.1% for the period from 2022 to 2030, which is projected to bring the market volume to 1.1B units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +6.6% for the period from 2022 to 2030, which is projected to bring the market value to $14.9B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Radio Remote Control Apparatus
For the third year in a row, the global market recorded growth in consumption of radio remote control apparatus, which increased by 3.4% to 768M units in 2022. Overall, consumption saw a resilient increase. As a result, consumption reached the peak volume of 788M units. From 2019 to 2022, the growth of the global consumption failed to regain momentum.
The global remote control apparatus market revenue expanded remarkably to $8.9B in 2022, picking up by 7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a buoyant increase. As a result, consumption attained the peak level of $10B. From 2019 to 2022, the growth of the global market remained at a lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were the United States (157M units), China (106M units) and India (51M units), with a combined 41% share of global consumption.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the United States (with a CAGR of +18.8%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($1.5B), China ($1.4B) and India ($935M) appeared to be the countries with the highest levels of market value in 2022, together comprising 42% of the global market. Japan, Russia, Pakistan, Mexico, Bangladesh, the UK, the Netherlands, France, Indonesia and Brazil lagged somewhat behind, together accounting for a further 29%.
Pakistan, with a CAGR of +17.9%, recorded the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of remote control apparatus per capita consumption in 2022 were the Netherlands (834 units per 1000 persons), the United States (468 units per 1000 persons) and the UK (294 units per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by the Netherlands (with a CAGR of +18.1%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Radio Remote Control Apparatus
In 2022, production of radio remote control apparatus increased by 2.5% to 606M units, rising for the second year in a row after two years of decline. Over the period under review, production saw a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 88%. As a result, production reached the peak volume of 709M units. From 2019 to 2022, global production growth failed to regain momentum.
In value terms, remote control apparatus production dropped modestly to $8.3B in 2022 estimated in export price. In general, production enjoyed a prominent increase. The growth pace was the most rapid in 2018 when the production volume increased by 80%. As a result, production attained the peak level of $9.9B. From 2019 to 2022, global production growth failed to regain momentum.
Production By Country
China (213M units) constituted the country with the largest volume of remote control apparatus production, comprising approx. 35% of total volume. Moreover, remote control apparatus production in China exceeded the figures recorded by the second-largest producer, India (49M units), fourfold. The third position in this ranking was held by Mexico (30M units), with a 4.9% share.
From 2012 to 2022, the average annual growth rate of volume in China amounted to +17.3%. In the other countries, the average annual rates were as follows: India (+10.0% per year) and Mexico (+4.1% per year).
Imports
World Imports of Radio Remote Control Apparatus
For the fourth consecutive year, the global market recorded growth in purchases abroad of radio remote control apparatus, which increased by 6.3% to 496M units in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.9% against 2018 indices. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. Global imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, remote control apparatus imports expanded slightly to $4.1B in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.1% against 2016 indices. The growth pace was the most rapid in 2021 when imports increased by 15%. Global imports peaked in 2022 and are likely to continue growth in years to come.
Imports By Country
In 2022, the United States (161M units) was the major importer of radio remote control apparatus, comprising 32% of total imports. The Netherlands (30M units) ranks second in terms of the total imports with a 6% share, followed by Brazil (5.8%) and Germany (4.6%). France (20M units), Austria (16M units), the UK (16M units), China (12M units), Spain (11M units), Indonesia (11M units), Turkey (11M units), Mexico (10M units) and Japan (9.9M units) took a minor share of total imports.
Imports into the United States increased at an average annual rate of +15.4% from 2012 to 2022. At the same time, the Netherlands (+28.5%), Indonesia (+16.6%), Austria (+14.4%), Spain (+11.4%), the UK (+6.8%), Brazil (+6.0%), France (+2.4%), Germany (+1.8%) and Mexico (+1.8%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +28.5% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, Turkey (-1.6%) and China (-3.3%) illustrated a downward trend over the same period. While the share of the United States (+17 p.p.), the Netherlands (+5.1 p.p.) and Austria (+1.6 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of France (-2.2 p.p.), Japan (-2.3 p.p.), Turkey (-2.7 p.p.), Germany (-2.9 p.p.) and China (-4.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($1.3B) constitutes the largest market for imported radio remote control apparatus worldwide, comprising 33% of global imports. The second position in the ranking was held by Germany ($281M), with a 6.9% share of global imports. It was followed by China, with a 4.1% share.
From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +10.0%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+3.9% per year) and China (-1.8% per year).
Import Prices By Country
The average remote control apparatus import price stood at $8.2 per unit in 2022, declining by -3.1% against the previous year. Overall, the import price recorded a slight downturn. The pace of growth was the most pronounced in 2018 an increase of 24%. As a result, import price attained the peak level of $11 per unit. From 2019 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($15 per unit), while Brazil ($1.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+12.2%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Radio Remote Control Apparatus
In 2022, shipments abroad of radio remote control apparatus increased by 6% to 334M units, rising for the fourth year in a row after two years of decline. In general, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.0% against 2018 indices. The growth pace was the most rapid in 2021 when exports increased by 18%. The global exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, remote control apparatus exports reached $4.4B in 2022. Overall, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +93.3% against 2012 indices. The pace of growth was the most pronounced in 2015 when exports increased by 15%. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in years to come.
Exports By Country
China represented the major exporter of radio remote control apparatus in the world, with the volume of exports amounting to 120M units, which was approx. 36% of total exports in 2022. Mexico (23M units) held a 6.8% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (6.7%) and Germany (5.8%). Israel (12M units), the United States (11M units), South Korea (10M units), Italy (9.3M units), Hong Kong SAR (9.1M units), Taiwan (Chinese) (9M units), Austria (7.5M units), France (7.2M units) and Portugal (7.2M units) followed a long way behind the leaders.
Exports from China increased at an average annual rate of +22.0% from 2012 to 2022. At the same time, Israel (+37.8%), the Netherlands (+33.8%), Portugal (+19.3%), Austria (+10.7%), Taiwan (Chinese) (+5.8%), Italy (+4.8%) and South Korea (+1.1%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the world, with a CAGR of +37.8% from 2012-2022. Mexico and Germany experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-3.0%), France (-5.2%) and the United States (-5.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, the Netherlands and Israel increased by +27, +6.1 and +3.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest remote control apparatus supplying countries worldwide were China ($1.1B), Germany ($555M) and Mexico ($404M), together comprising 46% of global exports. The United States, Israel, Hong Kong SAR, the Netherlands, Portugal, Italy, France, Taiwan (Chinese), South Korea and Austria lagged somewhat behind, together accounting for a further 35%.
In terms of the main exporting countries, Israel, with a CAGR of +41.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average remote control apparatus export price stood at $13 per unit in 2022, rising by 2.9% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 11% against the previous year. As a result, the export price attained the peak level of $18 per unit. From 2019 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($32 per unit), while Austria ($5.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+12.7%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global remote control apparatus market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26512080 - Radio remote control apparatus (including for ships, pilotless aircraft, rockets, missiles, toys, and model ships or aircraft, for machines, for the detonation of mines)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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