Press release
Radio Remote Control Equipment Market Size, Share, Development by 2023
Radio Remote Control Equipment is a component of an electronics device, most commonly a mining machinery, industrial driving and concrete pump truck used for operating the device wirelessly. Remote control has continually evolved and advanced over recent years to include bluetooth connectivity, motion sensor-enabled capabilities and voice control.
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Global Radio Remote Control Equipment Market: Forecast by Type / Application / Region
As Chinese overall economic downward trend in the past few years, and international economic situation is complicated, in the next few years there will be many uncertainties, and coupled with Radio Remote Control Equipment industry in short supply on the market in the past few years, more and more companies enter into Radio Remote Control Equipment industry, the current demand for Radio Remote Control Equipment product is relatively low, lack of demand, excess supply. Ordinary Radio Remote Control Equipment products on the market do not sell well; Radio Remote Control Equipment’s price is lower than past years. The signal of market price change indicates the trend in the Radio Remote Control Equipment industry, low-end product has excess capacity, and high-end product is in short supply. In China, the situation is more serious, there are plenty of low-end products exported abroad, high-end products to make up for the domestic market vacancy.
Although sales of Radio Remote Control Equipment brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Radio Remote Control Equipment field.
Over the next five years, LPI(LP Information) projects that Radio Remote Control Equipment will register a 1.9% CAGR in terms of revenue, reach US$ 360 million by 2023, from US$ 320 million in 2017.
Global Radio Remote Control Equipment Market: Key Players
HBC
Hetronic Group
Cattron Group
Autec
NBB
Akerstroms
OMNEX(Eaton)
Ikusi
Tele Radio
JAY Electronique
Remote Control Technology
ITOWA
Scanreco
Lodar
Yuding
Shanghai Techwell Auto-control Technology
Shize
Green Electric
Yijiu
Wicontek
3-ELITE PTE
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Related Information:
United States Radio Remote Control Equipment Market Research Report 2018
Europe Radio Remote Control Equipment Market Research Report 2018
North America Radio Remote Control Equipment Market Research Report 2018
Asia-Pacific Radio Remote Control Equipment Market Research Report 2018
China Radio Remote Control Equipment Market Research Report 2018
EMEA Radio Remote Control Equipment Market Research Report 2018
Global Radio Remote Control Equipment Market Research Report 2018
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