It was estimated prior to this unanticipated outbreak that the Remote Electronic Unit Market was likely to witness an impressive CAGR of 14.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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 altitude, 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 Segment Insights:
By Aircraft Application Type:
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.
By Platform Type:
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.
By End-Use Type:
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.
By Region:
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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- COVID-19 Impact Assessment.
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- 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
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- Key success factors
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