Remote Electronic Unit Market to offer a healthy CAGR of 14.2% during 2020-25
February 13, 2020
Remote Electronic Unit Market Overview:
Remote electronic unit market is likely to witness an impressive CAGR of 14.2% during the forecast period. One of the prime factors bolstering the demand for remote electronic units is the rise in the number of satellite constellations. A remote electronic unit manages power subsystem, such as thermal control, satellite attitude, and orbit control subsystems in a spacecraft. A remote electronic unit serves as an interface between various systems and components aboard modern aircraft and spacecraft. Subsystems of a remote electronic unit employed onboard an aircraft comprises a data concentrator unit, a remote interface unit, and a remote terminal unit. A remote electronic unit is an extremely advanced and dependable device that accomplishes functions to control different subsystems and actuation.
Report Overview:
This new report from Stratview Research analyses the Remote Electronic Unit Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Remote Electronic Unit Market Segment Insights:
Flight Control Surface: The growth engine
Based on the aircraft application type, the market is segmented as flight control surface, landing gear, fuel system, ice protection system, and others. The flight control surface segment is estimated to witness the highest growth in the coming five years. The growth of this segment can be ascribed to the rising use of advanced fly-by-wire systems in the primary and secondary flight control systems of aircraft, which empower pilots to fine-tune and control the flight attitude of aircraft.
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https://www.stratviewresearch.com/toc/587/remote-electronic-unit-market.html
Dominance of: Spacecraft and Original Equipment manufacturer
Based on the platform type, the market is segmented as spacecraft and aircraft. The spacecraft segment is expected to depict a higher growth than the aircraft segment during the forecast period. The growth of this segment is owing to the growing number of satellite constellations in the recent years. The number of remote electronic units to be employed in a spacecraft primarily depends on the dimension of a spacecraft and the number and type of functions that a remote electronic unit is needed to perform.
Based on the end-use type, the market is segmented as original equipment manufacturer (OEM) and aftermarket. The original equipment manufacturer segment was estimated to remain dominant in 2018, and is expected to lead the market during the forecast period. Original Equipment Manufacturers (OEMs) are accountable for the installation of REU components, as line fitting these components is less time consuming against the installation after the delivery of an aircraft.
A highly/moderately/fragment consolidated Market
Some of the major players in the remote electronic unit market are AAC Microtec, Bae Systems plc, Becker Avionics, Curtiss-Wright Corporation, Crisa (Airbus Defence & Space), The Liebherr Group, Moog Inc., Rockwell Collins, Siemens AG, and Thales Group.
Regional Hegemony of North America
In terms of regions, the North American region was estimated to remain dominant in the remote electronic unit market in 2018, owing to the presence of several leading manufacturers, such as Parker Hannifin, Rockwell Collins, and Curtiss-Wright. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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