Global Remote Electronic Unit Market is Estimated to Reach $7 Billion by 2025, Says Accurize Market Research
Global Remote Electronic Unit Market report published by Accurize Market Research forecast that the global market is expected to reach $7 billion by 2025; growing at a CAGR of 13.4% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Miniaturization of components and rising need for systems and components based on wireless communication technologies in the aerospace industry to drive the growth of the market
Miniaturization of components and rising need for systems and components based on wireless communication technologies in the aerospace industryfuelsthe demand for the global remote electronic unit market.Furthermore,the emergence of new technologies and increase in demand also boosts the growth of the market.
The global remote electronic unit market has been bifurcated on the basis of application, end use, platform, and geography. Based on the application, the remote electronic unit market has been divided into flight control surface, landing gear, fuel system, ice protection system, and others. Remote electronic units can be used on fly-by-wire or power-by-wire aircraft flight controls onboard commercial transports, business jets, military fixed wing aircraft, and military & commercial helicopters. On the basis end use, remote electronic unit market has been bifurcated into original equipment manufacturer (OEM) and aftermarket. Based on the platform, the remote electronic unit market has been segmented into spacecraft and aircraft.
By geography the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).The United States and Canada are countries under North America wherein Europe covers U.K, Germany, France, and others. Asia-Pacific covers China, India, Japan, Taiwan, and others. RoW covers South America, Middle East and Africa.
Top players in the market
The key players operational in the market includes Thales, Liebherr, Parker Hannifin, Rockwell Collins, Curtiss-Wright, Becker Avionics,Moog, Siemens and AAC Microtec among others.
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