The latest sales figures for remote control vehicles have not come in yet, but the market for these vehicles is booming.
Sales have grown by nearly 400 percent since 2005, and the number of sales in the U.S. has grown by more than 200 percent.
According to a new report from automotive data provider Avis Car Sales, the market in the country for remote controlled vehicles reached an all-time high of $3.7 billion in the first quarter of 2019.
The data provider says that the growth rate for remote vehicle sales was about 20 percent higher than for the U, S., and Canadian markets.
That is not all, though.
In the same quarter, there was a 5 percent increase in sales of remote control boats, and that figure has also grown by roughly 50 percent.
While remote control sales may seem like a relatively small part of the overall automotive market, it is one that has attracted a lot of attention.
In fact, the National Highway Traffic Safety Administration has warned that remote control boat and remote control vehicle sales are growing at a rapid pace.
The growth in the sales of these vehicles has been driven largely by two factors: the demand for remote controls, and an increase in the price of the devices, which are often found for less than the cost of a new car.
Avis Car is the first major data provider to put together a comprehensive breakdown of the global remote control market.
Its report shows that sales of all models, including remote control motorcycles, cars, and trucks, reached a new record high in the fourth quarter of 2018.
The report also noted that demand for the devices has grown significantly over the last few years, and is still growing at an incredible rate.
The demand for a remote control motorcycle is up 30 percent from the same period in 2018.
But it is still dwarfed by demand for these larger vehicles, which has risen by 70 percent.
The price of remote controls is also booming.
Avis reports that prices for these devices are up by nearly 30 percent since the beginning of 2018, with some models selling for $400 to $800.
That may seem high, but there is an important point to make.
These devices are more expensive than traditional vehicles, and they often include more advanced features that are necessary for a lot more sophisticated uses.
This is not the first time that the price has risen.
In 2017, the price for a pair of remote controlled motorcycle seats was up nearly 200 percent, and this year, the new models are still only available at a price of $1,500.
The rise in the cost is partially due to a surge in the demand of remote devices.
A recent report from research firm Nielsen showed that the demand from consumers for remote vehicles is rising as well, with the demand reaching levels not seen in a long time.
The report also found that a record 6.3 million vehicles were purchased by consumers in the United States last year, a new high in nearly 20 years.
Avides Car says that demand is not just limited to the United Sates.
Demand is also increasing in Japan, where the market has increased by nearly 100 percent in the past year.
Avises estimates that the market there will reach an all time high of 5.3 billion remote control units in 2019, which is up from the 1.8 billion units in 2018 and a whopping 25 percent increase over last year.
In the future, Avis predicts that demand will continue to increase as the market matures.
For now, the data provider expects that demand to continue to be driven by the demand created by new features and advanced features in remote vehicle models, which could also include a number of advanced technologies such as cameras and navigation.