Global Hobby Radio Control Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hobby Radio Control Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Radio control (often abbreviated to R/C or simply RC) is the use of control signals transmitted by radio to remotely control a device.

Hobby Radio Control meets the control requirements of people with a certain degree of skills, experience and hobbies for equipment such as model aircraft and unmanned aerial vehicles.

Market Overview:

The latest research study on the global Hobby Radio Control market finds that the global Hobby Radio Control market reached a value of USD 233.47 million in 2022. It’s expected that the market will achieve USD 227.77 million by 2028, exhibiting a CAGR of -0.41% during the forecast period.

Price fluctuation of raw materials

With the impact of COVID-19 epidemic on various industries and the strict blockade and restriction measures of governments around the world, the Hobby Radio Control market has also been impacted to a certain extent. Due to the continuous blockade, the production and operation of factories in most countries are restricted, affecting all participants in the global value chain, including raw material suppliers of Hobby Radio Control. Due to the interruption of supply chain, many manufacturers importing raw materials such as display screen, PCB and shell materials are increasing the cost of raw materials. Affected by market supply and demand, the prices of most raw materials have risen in recent two years, and the cost of raw materials accounts for the vast majority of the production cost of Hobby Radio Control. Fluctuations in the prices of raw materials will directly affect the profits of enterprises.

Products are more expensive

The Radio Control of hobby level is more expensive than that of toy level. For beginners, the price factor may affect the purchase of products. In addition, the increasing attraction of online games to people and the attenuation of people's outdoor activities caused by COVID-19 have affected the market sales of Hobby Radio Control to a certain extent.

Good functionality and technological progress

There is no doubt that technology has brought about various changes in our lives. Cars, drones, helicopters and other products using radio control are constantly coming into our lives. This kind of radio control product can increase people's outdoor activity time, and is suitable for family activities. In addition, the types of radio control products are rich and innovative, and various products such as automobiles, drone and model airplane meet the needs of different consumers. Technological progress and the development of drone, model airplane and other products promote the development of Hobby Radio Control market.

Online sales channels have developed rapidly

With the rapid development of the Internet era, the sales forms are constantly innovating, and the online marketing of Hobby Radio Control shows great advantages in the fierce market competition. Compared with traditional marketing channels, the advantages of online sales are improved sales cost, channel management cost, information flow and capital flow. With the continuous progress of information technology, online sales are developing at a faster speed, and the competition between online sales channels and traditional sales channels will also highlight its advantages. The emerging online sales channel not only simplifies the composition of various channels in traditional marketing, but also integrates sales, pre-sales and after-sales service, commodity and customer information inquiry, which has great advantages. The further development of online sales of Hobby Radio Control will promote the market development.

Market competition

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made. Futaba, Sanwa, Spektrum and other companies are engaged in fierce market share competition.
The intense market competition poses certain challenges to the quality, after-sales guarantee and sales channels of hobby radio control.

Region Overview:

Geographically, Asia Pacific held the largest market share – 47.56% in 2022.

Company Overview:

Futaba is one of the major players operating in the Hobby Radio Control market, holding a share of 20.3% in 2023.

Futaba

FUTABA CORPORATION was established in 1948 as a manufacturer and seller of receiver vacuum tubes.
Utilizing vacuum tube technology, Futaba began manufacturing vacuum fluorescent displays. In 1962, Futaba began producing radio control equipment as well as press die set components, establishing what still remains as two of the company’s primary divisions.

Konishi Mokei Co.,Ltd.

RC Depot (Konishi Mokei Co., LTD), has work alongside with JR PROPO for many years. RC Depot began Dee Force Aviation (DFA) brand almost 10 years ago.
Initially, RC Depot started providing support and repair for JR PROPO products for consumers in Japan. Soon after this, RC Depot began to supply other products worldwide, and in 2016 we entered a licensed agreement with JR PROPO to manufacture JR PROPO products. This product line consisted of receivers, servos, transmitters and accessories for JR PROPO at the former JR PROPO Malaysian factory.

Segmentation Overview:

Among different product types, 12 Channel segment is anticipated to contribute the largest market share in 2028.

Application Overview:

The market's largest segment by application is the segment Model Airplane, with a market share of 64.41% in 2022.

Model Airplane

The flying principle of the Model Airplane is exactly the same as that of a real airplane, so it is difficult to control. The Model Airplane used by professional enthusiasts is very complicated in all aspects, and can control elevators, rudders, ailerons, motors or engines, etc. It usually takes some time for beginners to become familiar with how to operate, assemble and maintain model aircraft and how to use related equipment.

Drone

A drone, in technological terms, is an unmanned aircraft. Essentially, a drone is a flying robot that can be remotely controlled or fly autonomously through software-controlled flight plans in their embedded systems, working in conjunction with onboard sensors and GPS.

Key Companies in the global Hobby Radio Control market covered in Chapter 3:

RadioLink
Konishi Mokei Co.,Ltd.
Jumper
Sanwa 
JETI
Shenzhen WFLY
Spektrum
FrSky
Futaba
FLYSKY

In Chapter 4 and Chapter 14.2, on the basis of types, the Hobby Radio Control market from 2018 to 2029 is primarily split into:

12 Channel
14 Channel
16 Channel
18 Channel
24 Channel
32 Channel

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hobby Radio Control market from 2018 to 2029 covers:

Model Airplane
Drone
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)