According to the research report titled ‘Global Remote Electronic Unit Market Size study, by Aircraft Application (Flight Control Surface, Landing Gear, Fuel System, Ice Protection System, Others), by Platform (Spacecraft, Aircraft), by End-Use (Original Equipment Manufacturer (OEM), Aftermarket) and Regional Forecasts 2020-2027’, available with Market Study Report, global remote electronic unit market amassed USD 3.6 billion in 2019 and is projected to reach USD 9.6 billion valuation by the end of the forecast period 2020-2027, registering 13 % CAGR throughout. 
 

Rising trend of miniaturization in aerospace industry, and mounting number of aircraft deliveries are the key factors propelling global remote electronic unit market growth. As per Boeing Company, it is projected that North America will record 7,290 aircraft deliveries between 2014-2033. Similarly, according to the survey by Airbus Group, overall demand for commercial aircraft will be about 37,390 units by 2037, up from an estimated 33,700 units in 2016.
 

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For those uninitiated, remote electronic unit is a system used as an important interference between the aircraft system on an advanced aircraft platform. It is a modern and dependable device that can regulate various actuation and subsystems by performing different functions, like getting the appropriate pilot command to the right control surface, ensuring accurate installation of the landing gear, tracking fuel levels, and allowing the former transducers to interact with modern glass cockpits.
 

Speaking of the negatives, strict norms regarding the quality of aircraft equipment and system is likely to impede worldwide remote electronic unit industry expansion over the coming years.
 

In recent turn of events, the outbreak of COVID-19 pandemic has caused disruptions across various economies, which has resulted in slowdown of overall aviation vertical, hence arresting market expansion.
 

Considering the geographical reach, Asia Pacific currently holds a major portion of global remote electronic unit market share and is expected to expand through 2027, creditable to presence of considerable number of aircraft manufacturers in the region, working constantly to meet the demand.
 

Leading organizations in global remote electronic unit market sphere are Terma A/S, Siemens AG, Moog Inc., Becker Avionics GmbH, Curtiss-Wright Corporation, Rockwell Collins Inc., Parker-Hannifin Corporation, Liebherr Group, Thales Group, and BAE Systems plc.