Remote Electronic Unit Market estimated to grow at a CAGR of 14.2% in the forecast period (2020–2025)
The report on the Remote Electronic Unit Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2020–2025. The report also offer insights into different market segments and other factors affecting the market.
Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Remote Electronic Unit Market is expected to inflate at a CAGR of 14.2% by the forecast period (2020–2025).
Remote Electronic Unit Market — Snapshot
Growth: 14.2% for the next five years
Major Aircraft Application Type: Flight control surface
Major Platform Type: Spacecraft
Dominant End-Use Type: Original equipment manufacturer
Region with the highest demand: North America
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.
Table Of Contents: https://www.stratviewresearch.com/toc/587/remote-electronic-unit-market.html
Highlights of the Report:
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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Key Players of the 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.
Features of the Report
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. Here are the key features of the report:
· Strategic Segmentation
· Competitive Analysis
· Strategic Growth Opportunities
· Swot Analysis
· Key Players
· Forecast Analysis & Future Growth
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