Multi-Mode Receiver Market 2022: Trends, Growth, Analysis, Demand and Forecast to 2027

According to the latest report by IMARC Group, titled "Multi-Mode Receiver Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," The global multi-mode receiver market reached a value of US$ 1,072.4 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,404.6 Million by 2027, exhibiting at a CAGR of 4.10% during 2022-2027.

Report Metric

Historical: 2016-2021

Base Year: 2021

Forecast Year: 2022-2027

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Global Multi-Mode Receiver Market Industry Definition and Application:

Multi-mode receiver (MMR) refers to a navigation unit with numerous functions that constitute all the onboard receiving operations that are vital for a pilot to navigate, position, and land an airplane. The MMR offers an economical and efficient solution of state-of-the-art facilities with enhanced avionics and a new setup. It is the only digital navigation receiver that embeds various stand-alone receivers, including microwave landing system (MLS), instrument landing system (ILS), and GPS landing system, receiver into a single system of the aircraft industry. It also helps the aircraft eliminate problems related to multipath interference while supporting advanced navigation standards, such as GLS Category II/III.

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 and Drivers:

One of the primary factors driving the market is the integration of numerous stand-alone receivers into one unit and improvement in the safety of the aircraft while reducing the overall power consumption, size, and costs of equipment. Additionally, the surging demand for new airports and rising ordinance for deploying satellite-based augmentation system in aircraft are creating a positive market outlook. Other than this, the growing demand for space-saving and lightweight aircraft multi-mode receivers acts as another major growth-inducing factor. Besides this, the rising preference of individuals to travel by air due to the growth in the number of air routes and the drop in the prices of air tickets is catalyzing the market growth. Apart from this, governments of various nations are implementing stringent safety regulations to encourage the installation of satellite-based augmentation systems (SBAS). Other growth-inducing factors include inflating consumer disposable incomes, rising aircraft deliveries, rapid urbanization, and technological advancements in avionics.

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Global Multi-Mode Receiver Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

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

Competitive Landscape with Key Player:

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

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