Remote Electronic unit market is projected to grow from USD 2.78 billion in 2017 to USD 5.10 billion by 2022, at a CAGR of 12.88% from 2017 to 2022.
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North American region is estimated to account for the largest share of the remote electronic unit market in 2017. High disposable income of consumers in North America has contributed to a rise in air travel, which, in turn, has led to an increase in air passenger traffic.
This rise in air passenger traffic has led to an increase in the number of aircraft deliveries in this region, which has consequently propelled the demand for remote electronic units. The Asia Pacific remote electronic unit market is projected to witness the highest growth during the forecast period, owing to the increased demand for new aircraft in the region.
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Advancements in fly-by-wire and electric actuation systems technologies, miniaturization of remote electronic units in the aerospace industry, and increased number of satellite constellations are the key factors driving the growth of the remote electronic unit market. The upgrade or modernization of existing aircraft fleet offers opportunities for the growth of the market during the forecast period.
Based on the plat form, the aircraft segment is estimated to account for the largest share of the remote electronic unit market in 2017. The growth of this segment of the market can be attributed to the increasing use of remote electronic units for efficient flights control in aircraft.
Aircraft that use advanced fly-by-wire systems, power-by-wire systems, or smart actuators are equipped with remote electronic units.
Target Audience Include Remote Electronic Unit Market Report:
- Aircraft Manufacturers (OEMs)
- Aircraft Component Manufacturers
- Systems Manufacturers and Integrators
- Research Centers
Top 12 Companies Analyzed for Remote Electronic Unit Market are – Parker Hannifin (US), BAE Systems (UK), Liebherr (Switzerland), Rockwell Collins (US), and Curtiss-Wright (US), and the manufacturers of different types of remote electronic units, such as Becker Avionics (US), Thales (France), Flight Data Systems (US), Ester line Technologies (US), and Texas Instruments (US).
Fundamental Key Point from Table of Content:
Key Macro Trends
Key Trends in the Space Industry
Key Trends in the Aviation Industry
Emerging Trends in the Remote Electronic Unit Market
Digital Sensor Bus
Space Plug-And-Play Avionics (SPA)
Remote Electronic Unit, By Application
Flight Control Surface
ICE Protection System
Remote Electronic Unit, By Platform
Aircraft Segment, By Type
Fixed Wing Subsegment, By Application Area
Rotary Wing Subsegment, By Application Area
Report at www.rnrmarketresearch.com/contacts/?rname=1235942
Remote Electronic Unit Market, By End Use
Original Equipment Manufacturer (OEM)
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