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

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

Industrial Wireless Remote Control is a component of an electronics device, most commonly a mining machinery, Driving and Crane 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.

Market Overview:

The latest research study on the global Industrial Wireless Remote Control market finds that the global Industrial Wireless Remote Control market reached a value of USD 2949.11 million in 2022. It’s expected that the market will achieve USD 4263.67 million by 2028, exhibiting a CAGR of 6.34% during the forecast period.

Increased competition

During the forecast period, competition among suppliers will increase. Suppliers will compete based on price and product quality to provide a competitive advantage in the market. During the forecast period, we expect that as product demand increases, more and more companies will enter the Industrial Wireless Remote Control market, and competition among suppliers will intensify.

Continuous innovation

Technological innovation will promote product innovation and therefore play an important role in driving market growth. To remain competitive in a highly competitive market, suppliers should develop new ideas and technologies and keep up with the latest technologies. The performance and operation sensitivity of industrial wireless remote control products will continue to improve to meet the growing needs of downstream industries. The increase in construction activities and industrial production will also promote the upgrade and development of industrial wireless remote-control products.

Increase in downstream demand

The key factor driving market growth is the continued growth of downstream demand. The industrial remote control is mainly used in metallurgy, shipbuilding, and container terminal, storage, machinery manufacturing, chemical industry, papermaking, construction and engineering machinery and other industries that use lifting machinery and enable remote operation. With the rapid development of various industries around the world, people's requirements for production efficiency and production safety are also increasing, and the application areas of industrial wireless remote control are also constantly expanding, which has accelerated the growth of industry output.

Region Overview:

China dominated the Industrial Wireless Remote Control market in 2022, with a market share of 34.12%.

Company Overview:

HBC is one of the major players operating in the Industrial Wireless Remote Control market, holding a share of 3.1% in 2023.

HBC

HBC was founded in 1947 and is a pioneer in the radio industry. With a sales and service network in more than 40 countries, it is one of the world's leading companies in the industry.

NBB

Since its establishment in 1977, NBB has developed into a market leader in digital safety radio remote controls.

Segmentation Overview:

As for product types, the Transmitters (push buttons) segment held the largest market share in 2022.

Application Overview:

By application, the Driving segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Industrial Wireless Remote Control market covered in Chapter 3:

Wicontek
Autec
JAY Electronique
Ikusi
ITOWA
NBB
Akerstroms
Tele Radio
Cattron Group
Yuding
HBC
OMNEX(Eaton)
Hetronic Group

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

Transmitters (push buttons)
Transmitters (joysticks)
Other

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

Driving
Crane
Concrete Pump Truck
Other

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)