According to the latest report by IMARC Group, titled “Multi-Mode Receiver Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global multi-mode receiver market size reached US$ 1,125.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,457.3 Million by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.
A multi-mode receiver (MMR) is an advanced integrated navigational system that combines multiple navigation functionalities into a single and compact unit. It integrates signals from the global positioning system (GPS) landing system, GNSS landing system (GLS), instrument landing system (ILS), and microwave landing system to offer high precision. It offers an effective and economical solution for state-of-the-art facilities with better avionics and a customized setup.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Multi-Mode Receiver Market Trends:
MMR integrates multiple stand-alone receivers into one unit and enhances the security level of the aircraft while reducing the overall power consumption and operational cost. This, along with the rising need to reduce the weight, maximize space utilization, and enhance the efficiency of the aircraft, represents one of the major factors propelling the market growth. Besides this, as MMR minimizes the complexity of monitoring multiple receivers, the increasing aircraft deliveries, rapid urbanization, inflating disposable income levels, and technological advancements in the aviation industry are bolstering the market growth.
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Global Multi-Mode Receiver Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
- BAE Systems plc
- Honeywell International Inc
- Indra Sistemas S.A
- Intelcan Technosystems Inc
- Interface Inc
- Leonardo S.p.A
- Raytheon Technologies Corporation
- SAAB AB
- Thales Group
- Val Avionics Ltd
- W. W. Grainger Inc
The report has segmented the market on the basis on region, fit, sub-system, platform, application.
Breakup by Fit:
- Line-Fit
- Retrofit
Breakup by Sub-System:
- ILS Receiver
- MLS Receiver
- GLS Receiver
- VOR and DME Receiver
Breakup by Platform:
- Fixed-wing
- Rotary-wing
Breakup by Application:
- Navigation
- Positioning
- Landing
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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