PUBLISHER: Research Nester | PRODUCT CODE: 1134271
PUBLISHER: Research Nester | PRODUCT CODE: 1134271
Global Remote Control Products-Hobby Market Analysis 2021-2031
The global remote control products-hobby market is anticipated to grow at a CAGR of 2.81% over the forecast period. Market growth is on the account of rising millennial population, rising keenness in photography and increased popularity of drones among various sectors. Market generated a revenue of around USD 6,000 Million at the end of 2021 and is likely to produce revenue worth of nearly USD 8,000 Million by the end of 2031.
The global remote control products-hobby market is segmented by product, into RC car, RC plane, RC truck, RC helicopter, RC drone, RC bike, and others. RC car segment is anticipated to garner the highest revenue of nearly USD 2,800 million by the end of 2031. It was valued at about USD 2,100 million in 2021. RC car segment is to grow at a rate of 2.73% CAGR over the forecast period.
On the basis of region, the global remote control products-hobby market is segmented into North America, Europe, Latin America, Asia-Pacific and Middle-east and Africa. The market in North America collected the highest revenue of approximately USD 2,500 million in 2021. By the end of 2031, it is estimated to garner a revenue of nearly USD 3200 million, by growing at the CAGR of 2.71% over the forecast period.
Some of the prominent industry leaders in the global remote control products-hobby market that are included in our report are Artsana S. p. A., DJI, Kyosho Corporation, Silverlit Toys Manufactory Ltd., HPI Racing A/S, World Tech Toys, Tamiya Inc., Horizon Hobby, LLC., Traxxas, Redcat Racing, and others.