The Remote Electronic Unit Market is expected to grow from USD 4.47 billion in 2020 to USD 8.16 billion by 2026 at a CAGR of 12.8% from 2020 to 2026.
The Remote Electronic Unit (REU) is a mono-block device. They are distributed electronics which are situated close to or are attached on the actuator to offer local control of the actuator. The REU takes commands and processes the incoming and outgoing signals for the functions required to control the actuators. It is a part of Digital Voice Control System. The remote electronic unit takes the commands from the Audio Control Units (ACU) and likewise influences and processes all the incoming and outgoing audio signals. In the recent past, there has been a huge surge in the demand for commercial passenger aircraft. This rising demand is owing to the ever-rising volume of global passenger traffic. Surging demand for fuel-efficient aircraft and lightweight flight control systems are key factors propelling the manufacturers to design and develop advanced flight control systems for use in the aircraft industry which is majorly driving the remote electronic unit market growth. Moreover, the better handling capability with the advanced fly-by-wire system is a key trend observed in the remote electronic unit market. The fly-by-wire flight control systems utilize computers to determine and process flight control inputs generated by the pilot or autopilot, and transfer related electric signals to flight control surface actuators. This arrangement takes place of mechanical linkage, which means that, the inputs by pilot do not directly move the control surfaces. As an addition to modern digital fly-by-wire flight control systems, a system known as IFCS (intelligent flight control system) is being designed. This forthcoming flight control system would offer high safety to crew and passengers, as well as improve aircraft performance under normal operating conditions. The key benefit of this system is that, it would enable the pilot to control an aircraft even under failure conditions which would normally cause it to crash. On the other hand, the huge costs incurred in the development of advanced remote electronic units (REU) are one of the key factors restraining the growth of the remote electronic unit market growth across the globe.
Furthermore, in the past few years, there has been an increase in the air travel activities, across the world, which has majorly contributed to the growth of the remote electronic unit market. Similarly, there has been a surge in the demand for remote electronic units, specifically from developing countries in Asia Pacific. Players in the remote electronic unit are taking benefit of this trend and building up their production capabilities to cater to the increasing air traffic volume, which has had a positive influence on the growth of the remote electronic unit market.
The global Remote Electronic Unit Market is segregated on the basis of Application as Flight Control Surface, Landing Gear, Fuel System, Ice Protection System and Others. Based on End Use the global Remote Electronic Unit Market is segmented in Original Equipment Manufacturer (OEM) and Aftermarket. Based on Platform the global Remote Electronic Unit Market is segmented in Aircraft and Spacecraft.
The global Remote Electronic Unit Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Remote Electronic Unit Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
BAE Systems plc, Thales Group, Parker-Hannifin Corporation, Liebherr-International Deutschland GmbH, Safran S.A. and others are among the major players in the global Remote Electronic Unit Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Remote Electronic Unit Market has been segmented as below:
Remote Electronic Unit Market, By Application
Remote Electronic Unit Market, By End Use
Remote Electronic Unit Market, By Platform
Remote Electronic Unit Market, By Region
Remote Electronic Unit Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global Remote Electronic Unit Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Remote Electronic Unit Market share. Major industry players with significant revenue share include BAE Systems plc, Thales Group, Parker-Hannifin Corporation, Liebherr-International Deutschland GmbH, Safran S.A. and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Remote Electronic Unit Market, By Application
5.1. Key Points
5.2. Flight Control Surface
5.3. Landing Gear
5.4. Fuel System
5.5. Ice Protection System
5.6. Others
6. Remote Electronic Unit Market, By End Use
6.1. Key Points
6.2. Original Equipment Manufacturer (OEM)
6.3. Aftermarket
7. Remote Electronic Unit Market, By Platform
7.1. Key Points
7.2. Aircraft
7.3. Spacecraft
8. Competitive Landscape
8.1. Introduction
8.2. Start-up companies- Remote Electronic Unit Market
8.3. Recent Developments
8.3.1. Mergers & Acquisitions
8.3.2. New Product Developments
8.3.3. Portfolio/Production Capacity Expansions
8.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5. Others
9. Company Profile
9.1. BAE Systems plc
9.2. Thales Group
9.3. Parker-Hannifin Corporation
9.4. Liebherr-International Deutschland GmbH
9.5. Safran S.A.
9.6. Moog Inc.
9.7. Curtiss-Wright Corporation
9.8. Collins Aerospace
9.9. Becker Avionics GmbH
9.10. CRISA
9.11. Flight Data Systems
9.12. Esterline Technologies
9.13. Texas Instruments
9.14. Siemens
9.15. Terma
9.16. AAC Microtec
Remote Electronic Unit Market, By Application
Remote Electronic Unit Market, By End Use
Remote Electronic Unit Market, By Platform
Remote Electronic Unit Market, By Company