Multi-Mode Receiver Market Trends, Growth, Size, Share and Forecast 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.

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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

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