Global Multi-Mode Receiver Market Size By Platform (Fixed-wing, Rotary wing), By Fit-Type (Retrofit, Line-fit), By Application (Navigation and positioning, Landing), By Geographic Scope And Forecast

Multi-Mode Receiver Market Size And Forecast

Multi-Mode Receiver Market size in 2022 was worth USD 1,125.5 Million and is estimated to stay at USD 1,457.3 Million by 2030, reporting a definite CAGR of 4.4 % from 2024 to 2030.

The rising trend of minimizing weight, utilizing space, and enhancing aircraft efficiency is expected to boost the Global Multi-Mode Receiver Market. Apart from this, the increasing demand for updated and advanced aircraft owing to the rising air passenger traveling and goods transportation is also a significant factor contributing to the Market’s growth. The Global Multi-Mode Receiver Market report delivers a holistic evaluation. The report thoroughly analyzes key segments, trends, drivers, restraints, competitive landscape, and factors that play a substantial role in the Market.

Global Multi-Mode Receiver Market Definition

A Multi-Mode Receiver or MMR is an updated integrated navigational system incorporating multiple navigation functionalities with a single, compact unit. It consists of multiple navigational and landing systems, including a GPS landing system, GNSS landing system (GLS), microwave landing system, and instrument landing system (ILS) that integrates signals from these instruments to stick to higher precision. It also helps the aircraft eradicate challenges linked with multipath interference with that supporting advanced navigation standards like GLS Category II/III.

This leads to more safety of the aircraft. Therefore, the aviation industry uses the Multi-Mode Receiver to improvise the aircraft’s landing, navigation, and positioning capabilities. The Multi-Mode Receiver also adjusts the equipment’s ownership cost, power usage, weight, and size. It provides affordable and smart solutions for state-of-the-art facilities with advanced avionics and a new set-up. It is the only digital navigation receiver in the aircraft industry.

Global Multi-Mode Receiver Market Overview

The rising demand for new aircraft and advanced navigational systems integration is the prime factor pushing the Global Multi-Mode Receiver Market to expand. The increasing air traffic due to the high traveling rate also increases the demand for multi-mode aircraft receivers in aircraft. Rules and guidelines regarding aircraft and passenger safety are also helping the Global Multi-Mode Receiver Market to grow significantly. The need for minimizing weight, maximum space utilization, and improving aircraft efficiency are the primary factors bolstering the growth of the Global Multi-Mode Receiver Market.

Governments of various nations are implementing strict regulations regarding aircraft and passenger safety and are encouraging advanced satellite-based augmentation systems. The rising investment, research, and development activities by leading players also boost the demand for multi-mode receivers. Moreover, the increasing activities like retrofitting to make aircraft modern and innovative and to enhance the overall performance of aircraft are also accelerating the Global Multi-Mode Receiver Market.

The rising cyber security concerns and strict frameworks are expected bet as a barrier to the Market’s growth. However, the demand for space-friendly and lightweight aircraft multi-mode receivers is an opportunity factor for the Global Multi-Mode Receiver Market. This will also increase the investment opportunities for the Market.

Global Multi-Mode Receiver Market Segmentation Analysis

The Global Multi-Mode Receiver Market is Segmented on the Basis of Platform, Fit Type, Application, and Geography.

Multi-Mode Receiver Market, By Platform

• Fixed-wing
• Rotary wing

Based on the Platform, the Global Multi-Mode Receiver Market is categorized into fixed-wing and rotary-wing. The fixed-wing segment is projected to maintain its dominance during the forecasted time frame. The growth of this segment is credited owing to the surging demand for commercial and defense fixed-wing aircraft.

Multi-Mode Receiver Market, By Fit Type

• Retrofit
• Line-fit

Based on the Fit Type, The Global Market is further bifurcated into retrofit and line-fit. The retrofit segment will be the leading segment with a high growth rate during the projected timeline. The segment is growing due to the rising focus on aircraft modernization initiatives and the compulsion of multi-mode receivers.

Multi-Mode Receiver Market, By Application

• Navigation and positioning
• Landing

Based on the Application, The Global Multi-Mode Receiver Market is further segmented into navigation, positioning, and landing. Navigation and positioning are anticipated to own the highest Market share in the forecast period. The mandatory use of multi-mode receivers for navigation and positioning in aircraft is driving this segment for growth.

Multi-Mode Receiver Market, By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Based on the Regional Analysis, the Global Multi-Mode Receiver Market is divided into North America, the Asia Pacific, Europe and Africa, Latin America, and the Middle East. North America is anticipated to lead the geography segment in the Market. The region is the homeland of various giant aircraft manufacturers. Europe is the second fastest-growing region in the Market.

Key Players

The “Global Multi-Mode Receiver Market” report also offers clear insights into the competitive landscape and the leading players in the Multi-Mode Receiver Market. The leading players in Global Multi-Mode Receiver Market are Honeywell, BAE Systems, Leonardo S.p.A, Thales Group, Rockwell Collins, Indra Sistemas, Intelcan Techno Systems, Saab, Collins Aerospace, and Val Avionics.

Our Market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight to the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, Market share, and Market ranking analysis of the above-mentioned players globally.

Key Developments

• In November 2021, Collins Aerospace received approval from Airbus to make their multi-mode receivers available as retrofit and line-fit on various Airbus models such as Airbus 320, 350, and 330. This enhanced Collins Aerospace’s product line and offerings.
• In October 2021, Honeywell received FAA certification for its integrated Multi-Mode Receiver system. The company has developed this Multi-Mode Receiver to meet current satellite-based navigational needs.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of Market attractiveness provided would further help to get information about the region that is majorly leading in the Global Multi-Mode Receiver Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Multi-Mode Receiver Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the Market based on segmentation involving both economic as well as non-economic factors• Provision of Market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the Market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the Market within each region• Competitive landscape which incorporates the Market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major Market players• The current as well as the future Market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the Market of various perspectives through Porter’s five forces analysis• Provides insight into the Market through Value Chain• Market dynamics scenario, along with growth opportunities of the Market in the years to come• 6-month post-sales analyst support

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