Remote Electronic Unit (REU) Market to Grasp an Amazing Growth Rate of 3% by 2027

The global Remote Electronic Unit (REU) market is estimated to attain a valuation of US$ 2.8 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 3% during the forecast period, 2019 - 2027.

Rising Demand for Aircraft Led by Spike in Global Passenger Traffic and Increasing Demand for Defense Aircraft to Drive Market

In recent years, there has been significant spike in the demand for commercial passenger aircraft. This growth can be attributed to the growing global passenger traffic. In order to cater to the rising passenger traffic, aircraft manufacturers are ramping up their production through several new programs that include Bombardier C series, Airbus A350 and A320neo, and Boeing 737 Max, which are predominantly used for air travel. According to an estimate made by Boeing in July 2018, a prominent aircraft manufacturer, the global air travel sector would require more than 42,000 new airplanes by 2037, owing to the high demand arising out of strong economic growth, growing middle class, and increasing consumer spending across the world. This, in turn, is likely to have a positive impact on the global REU market during the forecast period.

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Global Remote Electronic Unit Market: Prominent Regions

North America is the dominant region of the global remote electronic unit market. Growth of the market in the region can be attributed to increasing investments in the aerospace & defense industry in the region. In Asia Pacific, the demand for military equipment is increasing, owing to geopolitical tensions in the region, which is driving defense spending across the globe. The governments of India, Japan, and China have started increasing their defense budgets to address security threats and counter terrorism. Also, technological advancements are changing the way wars are fought, and hence, the air and maritime domains are increasingly getting concerned. Previously, the global aerospace & defense industry was led by the U.S. However, currently, France, China, Japan, India, the U.K., and countries in the Middle East are contributing to the global industry. Furthermore, companies operating in regions with high growth potential are increasing their investments in mergers and acquisitions to broaden their product portfolios. This is likely to boost the demand for REUs in these regions from 2019 and 2027. The REU market in Europe is estimated to witness significant growth during the forecast period, owing to increasing stability and handling qualities offered by advanced fly-by-wire systems in the region. The remote electronic unit markets in the Middle East & Africa and South America are expected to witness moderate growth in the near future.

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The list of key players operating in the Remote Electronic Unit (REU) market includes following names:

BAE Systems plc
Thales Group
Parker-Hannifin Corporation
Safran S.A.
Moog Inc.
Curtiss-Wright Corporation
Collins Aerospace
Collins Aerospace
Becker Avionics GmbH

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Some of the key aspects that the study analyzes and sheds light are:

Which regions are witnessing rise in investments in the supply chain networks?
Which countries seems to have benefitted from recent import and export policies?
Which regions have witnessed decline in consumer demand due to economic and political upheavals?
Which are some the key geographies that are likely to emerge as lucrative markets?
Which regions are expected to lose shares due to pricing pressures?
Which regions leading players are expected to expand their footprints in the near future?
What are some the sustainability trends impacting the logistics and supply chain dynamics in the Remote Electronic Unit (REU) market?
What are some of the demographic and economic environments that create new demand in developing economies?
How are changing government regulations shaping business strategies and practices?

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About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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