Multi-Mode Receiver Market (By Platform: Fixed-Wing, Rotary-Wing & Others. By Fit: Line-Fit, Retrofit & Others. By Region) - Global Industry Analysis, Growth, Trends & Forecast, 2022 to 2032

The global multi-mode receiver market was valued at $700.9 billion in 2021 and it is expected to reach $1121.1 billion at a CAGR of 4.2% between 2022 and 2032. As air travel increases in tandem with better economic conditions and greater disposable income, there is an increasing need for new aircraft. The worldwide multi-mode receiver market is also anticipated to increase as a result of rising aircraft deliveries around the world and avionics retrofit operations in the general aviation sector

By region, North America has been dominating this market with highest share over the last few years. 

An electronic component called a multi-mode receiver is built into aircraft to improve their navigation, landing, and positioning capabilities. These receivers enable the aircraft to maintain cutting-edge navigation standards like WAAS LPV and GLS CAT II/III while overcoming issues with multipath interference. Increasing aircraft deliveries and a growing market for general aviation avionics retrofits are two key factors supporting the growth of the multi-mode receiver industry over the coming years.

Source: SAI Research

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Additionally, modern airplanes have never before had access to high-precision navigation and landing thanks to new satellite-based technologies like GNSS. Even though the instrument landing system is still the best Cat III precision landing system available, integrity issues caused by FM interference and multipath reflection have reduced its ability to land in low visibility situations. In some regions, the Cat III B landing option to ILS is the microwave landing system, another precision landing technology. 

An aircraft's navigation, positioning, and landing capabilities can all be improved with a multi-mode receiver. The installation of an MMR can assist the aircraft in resolving multipath interference issues and supporting cutting-edge navigation standards such as GLS CAT II/III and WAAS LPV. This increases the aircraft's level of safety. As a result, throughout the forecast period, the market is anticipated to rise steadily.

An electronic component called a multi-mode receiver is built into aircraft to improve their navigation, landing, and positioning capabilities. Increasing aircraft deliveries and a growing market for general aviation avionics retrofits are two key factors supporting the growth of the multi-mode receiver industry over the coming years.

Based on platform type, the fixed-wing segment accounted for the highest share of this market. The rising demand for commercial and military fixed-wing aircraft has fueled the growth of this market. Narrow-body and wide-body aircraft are typically used in commercial aviation to transport people and goods.

In terms of fit type, the retrofit segment has been leading the multi-mode receiver market with the largest share over the past few years. The retrofit segment is anticipated to be driven by the increase in retrofitting efforts intended to outfit aircraft with the necessary components to improve their performance. Several aircraft modernization plans that require the installation of multi-mode receivers in aircraft are to blame for the segment's predicted faster growth.

Geographically, the North American segment has led the market with the highest share and is also expected to hold its dominant position during the forecast period. Additionally, most of the key players are established in this region which is a plus point for the market. Large aircraft producers including The Boeing Company (US) and Bombardier Inc. are nearby this area (Canada). There are many suppliers of airplane parts in this area. These advantages will likely lead to increased demand for multi-mode receivers in North America. On the other hand, the Asia-Pacific region is also expected to become the second-highest market with more growth opportunities.

According to the study, key players such as BAE Systems (U.K), Honeywell International (U.S), Intelcan Technosystems (Canada), Indra Sistemas S.A (Spain), Leonardo (Italy), Raytheon Technologies (U.S), SAAB AB (Sweden), Systems Interface Ltd (U.K), Thales Group (France), Val Avionics (U.S), W.W. Grainger (U.S), among others are leading the global multi-mode receiver market.

Scope of the Report:

The Global Multi-Mode Receiver Market Has Been Segmented Into:

The Global Multi-Mode Receiver Market – by Platform Type:    

• Fixed-Wing
• Rotary-Wing
• Others

The Global Multi-Mode Receiver Market – by Fit Type:

• Line-Fit
• Retrofit
• Others

The Global Multi-Mode Receiver Market – by Regions:

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The U.K.
  • France
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • India
  • China
  • Japan
  • Australia
  • Rest of Asia Pacific
• LAMEA
• Middle East
  • Saudi Arabia
  • UAE
  • Others
• Latin America
  • Brazil
  • Chile
  • Others
• Africa
  • South Africa
  • Egypt
  • Other