Dublin, May 28, 2024 (GLOBE NEWSWIRE) -- The "Global Multi-Mode Receiver Market Report by Fit, Sub-System, Platform, Application, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global multi-mode receiver market size reached US$ 1.17 billion in 2023. Looking forward, the market is projected to reach US$ 1.61 billion by 2032, exhibiting a growth rate (CAGR) of 3.60% during 2023-2032.
Multi-Mode Receiver (MMR) integrates various stand-alone receivers into one unit and enhances the safety of the aircraft while minimizing the overall size, power consumption, and costs of equipment. The growing need to reduce weight, maximize space utilization, and improve the efficiency of the aircraft represents the primary factor driving the global market. Besides this, the escalating demand for new and upgraded aircraft due to the rising air passenger and freight traffic is another major growth-inducing factor. Additionally, governments of various countries are implementing favorable aviation safety regulations to encourage the installation of satellite-based augmentation systems (SBAS).
This, in confluence with the heavy investments in ongoing research and development (R&D) activities by key players, is catalyzing the product demand. Furthermore, the increasing retrofitting activities to equip aircraft with modern and innovative components to enhance the overall performance are accelerating the product adoption rates.
Moreover, the leading manufacturers are entering into strategic partnerships and focusing on product innovations to gain a competitive edge and expand their customer base, thereby propelling the market growth. Other factors, including the rising aircraft deliveries, inflating consumer disposable incomes, rapid urbanization, and technological advancements in avionics, are also providing a positive market outlook.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global multi-mode receiver market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on fit, sub-system, platform, and 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
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being BAE Systems, Honeywell International, Indra Sistemas, Intelcan Technosystems, Interface, Leonardo, Raytheon Technologies, SAAB, Thales Group, Val Avionics and W. W. Grainger.
Key Questions Answered in This Report
- What was the size of the global multi-mode receiver market in 2023?
- What is the expected growth rate of the global multi-mode receiver market during 2024-2032?
- What are the key factors driving the global multi-mode receiver market?
- What has been the impact of COVID-19 on the global multi-mode receiver market?
- What is the breakup of the global multi-mode receiver market based on the fit?
- What is the breakup of the global multi-mode receiver market based on the platform?
- What are the key regions in the global multi-mode receiver market?
- Who are the key players/companies in the global multi-mode receiver market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 135 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $1.17 Billion |
| Forecasted Market Value (USD) by 2032 | $1.61 Billion |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Global |
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Multi-Mode Receiver Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Fit
6.1 Line-Fit
6.2 Retrofit
7 Market Breakup by Sub-System
7.1 ILS Receiver
7.2 MLS Receiver
7.3 GLS Receiver
7.4 VOR and DME Receiver
8 Market Breakup by Platform
8.1 Fixed-wing
8.2 Rotary-wing
9 Market Breakup by Application
9.1 Navigation
9.2 Positioning
9.3 Landing
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
- BAE Systems
- Honeywell International
- Indra Sistemas
- Intelcan Technosystems
- Interface
- Leonardo
- Raytheon Technologies
- SAAB
- Thales Group
- Val Avionics
- W. W. Grainger
For more information about this report visit https://www.researchandmarkets.com/r/4ycflt
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