According to the latest report by IMARC Group, titled "Multi-Mode Receiver Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global multi-mode receiver market reached a value of $1,072.4 Million in 2021. Looking forward, IMARC Group expects the market to reach $1,404.6 Million by 2027, exhibiting at a CAGR of 4.10% during 2022-2027.

A multi-mode receiver (MMR) is an advanced integrated navigational system that combines multiple navigation functionalities into a single and compact unit. It integrates signals from the global positioning system (GPS) landing system, GNSS landing system (GLS), instrument landing system (ILS), and microwave landing system to offer high precision. It offers an effective and economical solution for state-of-the-art facilities with better avionics and a customized setup.

Market Trends:

MMR integrates multiple stand-alone receivers into one unit and enhances the security level of the aircraft while reducing the overall power consumption and operational cost. This, along with the rising need to reduce the weight, maximize space utilization, and enhance the efficiency of the aircraft, represents one of the major factorsing the market growth. Besides this, as MMR minimizes the complexity of monitoring multiple receivers, the increasing aircraft deliveries, rapid urbanization, inflating disposable income levels, and technological advancements in the aviation industry are bolstering the market growth.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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.

Some of these key players include:

• 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. W. Grainger Inc

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 (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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