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Remote Electronic Unit Market Report
The Remote Electronic Unit Market is Segmented by Aircraft Application Type (Flight Control Surface, Landing Gear, Fuel System, Ice Protection System, and Others), by Platform Type (Spacecraft, Aircraft), by End-Use Type ...
Impact of COVID-19 on Remote Electronic Unit Market
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
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.
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Remote Electronic Unit Market - Snapshot |
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Growth |
14.2% for the next five years |
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Major Aircraft Application Type |
Flight control surface |
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Major Platform Type |
Spacecraft |
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Dominant End-Use Type |
Original equipment manufacturer |
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Region with the highest demand |
North America |
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Key Players |
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. |
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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.
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.
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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Remote Electronic Unit is an interface of the aircraft systems for the recent-day aircraft platforms. The unit is highly functional in nature as it conducts a huge number of roles such as reaching out the control surface with the pilot command, deploying of the landing gear correctly, monitoring of the fuel levels, monitoring of ice accretion, allowing communication of older transducers with the latest glass cockpits, and many other reliable activities.
Remote Electronic Unit is held useful for aircraft as well as spacecraft. They are basically used by the original equipment manufacturers and also by the aftermarket options.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Remote Electronic Unit Market Research Report - Features |
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Market Segmentation |
4 ways |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The remote electronic unit market is segmented into the following categories.
Some of the major players in the remote electronic unit market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com
The remote electric unit market is expected to witness an impressive growth of 14.2% CAGR in the foreseeable future.
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 are among the key players in the remote electric unit market.
North America is expected to remain dominant in the remote electric unit market during the forecast period.
The original equipment manufacturer segment is expected to lead the remote electric unit market in the coming years.
The spacecraft segment is expected to depict a higher growth in the remote electric unit market during the next five years.
The flight control surface segment is expected to witness the highest growth in the remote electric unit market in the coming years.
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