Remote Electronic Unit Market Size, Share, & Forecast | 2020-25 | Covid-19 Impact Analysis

Remote Electronic Unit Market Insights 

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 Share: By Aircraft Application Type 

 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.

Remote Electronic Unit Market Share: By Platform Type

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.

Remote Electronic Unit Market Share: By End-Use Type

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.

Remote Electronic Unit Market Share: By Region

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.

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.

Market Scope & Segmentation

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.   

The remote electronic unit market is segmented into the following categories. 

Remote Electronic Unit Market Size, Share, & Forecast, by Aircraft Application Type:

• Flight Control Surface (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

• Landing Gear (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Fuel System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Ice Protection System
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Aircraft Application Type Analysis: De-Icing System and Anti-Icing System)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Remote Electronic Unit Market Size, Share, & Forecast, by Platform Type:

• Spacecraft
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Platform Type Analysis: Telecommunication, Remote Sensing, Surveillance, and Navigation)
• Aircraft
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Platform Type Analysis: Fixed Wing and Rotary Wing)

Remote Electronic Unit Market Size, Share, & Forecast, by End-Use Type:

• Original Equipment Manufacturer (OEM) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Remote Electronic Unit Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

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.

Report Features

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:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the platform types by end-use type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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 [email protected].