Press release
Multi-Mode Receiver Market Size (US$ 1,457.3 Million) | Industry Growth Report 2023-2028
Multi-Mode Receiver Market Research & Forecast Report 2023-2028
Multi-mode receiver (MMR) refers to a navigation device that has several functions required for a pilot to position, navigate, and land an airplane. It comprises various navigation and communication signals, such as instrument landing system (ILS), microwave landing system (MLS) receivers, a global positioning system (GPS), very high-frequency omnidirectional range (VOR), and satellite communications (SATCOM). It assists in reducing weight and complexity in the aircraft and eliminates the need for standalone VOR receivers. As it is cost-effective and offers flexibility, versatility, and efficiency, the demand for MMR is rising worldwide.
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Multi-Mode Receiver Market Trends and Drivers:
At present, the increasing demand for new aircraft due to the rising air passenger traffic around the world represents one of the key factors strengthening the market growth. In addition, the growing installation of MMR in aircraft, as it benefits in overcoming problems related to multipath interference and supports advanced navigation standards, such as GLS CAT II/III and WAAS LPV, is offering a positive market outlook. Apart from this, the rising demand for MMR, as it reduces the complexity of monitoring multiple receivers at a time, is propelling the growth of the market. Additionally, the increasing demand for compact and lightweight aircraft components is offering lucrative growth opportunities to industry investors. Furthermore, the rising deployment of satellite-based augmentation systems in aircraft is supporting the growth of the market.
Multi-Mode Receiver Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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. 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
Asia-Pacific
Europe
Latin America
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
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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