Multi-Mode Receiver Market Size (US$ 1,457.3 Million) | Industry Growth Report 2023-2028

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.

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.

Request Free Sample Report: https://www.imarcgroup.com/multi-mode-receiver-market/requestsample

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

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/multi-mode-receiver-market

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.

Top Trending Reports (Book Now with 10% Discount):

Microcontroller Market Report- https://www.openpr.com/news/2915003/microcontroller-market-size-to-reach-us-38-9-billion

Wafer Level Packaging Market Report- https://www.openpr.com/news/2914760/wafer-level-packaging-market-to-touch-us-11-2-billion-by-2027

Smart Oven Market Report- https://www.openpr.com/news/2894918/smart-oven-market-size-share-revenue-analysis-and-forecast

Electrical Tape Market Report- https://www.openpr.com/news/2973614/electrical-tape-market-size-us-17-5-billion-industry-growth

Vacuum Truck Market Report- https://www.openpr.com/news/2973636/vacuum-truck-market-report-2023-2028-a-2-7-billion

Metal Matrix Composite Market Report- https://www.openpr.com/news/2973655/metal-matrix-composite-market-size-to-reach-us-735-8-million

Contact Us:

IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

This release was published on openPR.