Multi-Mode Receiver Market Forecasts to 2028 – Global Analysis By Platform (Rotary Wing, Fixed Wing), Fit (Line-Fit, Retrofit), Application (Navigation & Positioning, Landing) and By Geography

Multi-Mode Receiver Market Forecasts to 2028 – Global Analysis By Platform (Rotary Wing, Fixed Wing), Fit (Line-Fit, Retrofit), Application (Navigation & Positioning, Landing) and By Geography

According to Stratistics MRC, the Global Multi-Mode Receiver Market is accounted for $1202.70 million in 2021 and is expected to reach $1901.5 million by 2028 growing at a CAGR of 6.8% during the forecast period. A Multi-mode receiver assists the pilots in landing, navigating, and positioning the aircraft. Multi-mode receivers are being used by various airlines in wide and narrow-body aircraft. It also refers to an advanced integrated navigational system that combines multiple navigation functionalities into a single and compact unit. It comprises numerous navigational and landing systems, such as GPS landing system, instrument landing system (ILS), GNSS landing system (GLS), and microwave landing system, integrating signals from these instruments to offer higher precision.

Market Dynamics:

Driver:

Increase demand for new airports

Governments have been building new airports to meet the demand of growing air passenger traffic & aircraft fleet. Recently, India plans to open additional 100 airports by the end of the year 2024. Such investment in greenfield airport projects (a new airport built from scratch on unused land) is expected to boost the global multi-mode receiver market. Many developing countries have plans to open new airports to facilitate air transportation within and across the country. This would immediately increase the demand for the multi-mode receiver systems, which boost the growth of the market.

Restraint:

Cyber security issues

Modern airplanes are fitted with multi-mode receiver systems that exchange data with air-traffic controllers, pilots, navigation satellites, and other aircraft, in a manner that was previously not possible. Hence, if the electronic systems of an aircraft are not adequately protected, they could expose themselves to the risks of a wide variety of possible cyberattacks. Vulnerabilities can develop for a variety of reasons including failure to apply updates to commercial software, malicious software uploads outdated systems on outdated airplanes, flight data spoofing, and insecure supply chains.

Opportunity:

Increasing demand of light weighted materials

The rising ordinance for deployment of satellite-based augmentation system in aircraft, and the principle of lightweight design is to use less material with lower density while ensuring the same or enhanced technical performance. A typical approach to achieve lightweight design for aerospace components is to apply advanced lightweight materials on numerically optimized structures, which can be fabricated with appropriate manufacturing methods. The mounting demand of space saving and lightweight aircraft component are creating numerous opportunities which will increase the demand of multi-mode receiver market in the forecast period.

Threat:

Stringent Regulation

Stringent obligations have been laid down for the aviation sector worldwide. New technologies such as Automatic Dependent Surveillance-Broadcast (ADS-B) Out are also emerging. While airlines are undertaking several aircraft modernization programs and upgrading their fleets, they also have to make sure their aircraft support the latest technologies and evolving Required Navigation Performance (RNP) navigation approaches. As a result, airlines are spending aggressively on advanced navigation systems. However, safeguarding aircraft avionics systems/technologies from cyber-attacks is one of the crucial challenges faced by the aviation industry.

Navigation & positioning segment is expected to be the largest during the forecast period

The navigation & positioning segment is estimated to depict a higher growth. This growth of the segment is accredited to the directives that mandate the use of multi-mode receivers for navigation & positioning applications in aircraft across the globe. This is mostly as multi-mode receivers (MMRs) use numerous navigation systems, such as VOR (VHF omnidirectional radio range) and Distance Measuring Equipment (DME), to provide optimum navigation.

The Retrofit segment is expected to have the highest CAGR during the forecast period

The retrofit segment is projected to register a higher growth during the forecast period. The expected higher growth of the segment is due to numerous aircraft upgrading programs that mandate the installation of multi-mode receivers in aircraft.

Region with highest share:

The Asia Pacific is projected to hold the highest market share. The development can be attributed to the high air passenger’s traffic, foremost to a rise in the number of aircraft distribution in this province. Moreover, growing demand for air travel owing to declining travel and rising number of air routes has led to the rise in passenger life. Additionally, the increasing demand for wide-body and large aircraft and increase in spending on military aircraft, which will foster the growth of the regional market.

Region with highest CAGR:

North America is projected to have the highest CAGR, The presence of some of the major players in this province, such as Honeywell International Inc. (US), Rockwell Collins, Inc. (US), and VAL Avionics Ltd. (US), and Intelcan Technosystems Inc. (Canada), a large number of aircraft deliveries in this area have contributed to the growth of the market in North America.

Key players in the market:

Some of the key players profiled in the Multi-Mode Receiver Market include BAE Systems PLC , Garmin, Honeywell International Inc., Indra Sistemas, SA, Intelcan Technosystems Inc, Leonardo SPA, Rockwell Collins, Inc., Saab AB, Systems Interface Ltd, Thales Group, Val Avionics Ltd, Collins Aerospace.

Key developments:

In April 2017: Honeywell has announced that it received an FAA technical standard order certification, which approves the design and production of its Integrated Multi-Mode Receiver.

In November 2021: The Collins Aerospace GLU-2100 multi-mode receiver (MMR) has received approval by Airbus, making it available as line-fit and retrofit on Airbus A320, A330 and A350 aircraft. This is a major step toward Collins offering next-generation GNSS to the commercial aviation marketplace.

In August 2021: Collins Aerospace signed a definitive agreement to acquire privately held FlightAware, a digital aviation company providing global flight-tracking solutions, predictive technology, analytics and decision-making tools.

Platforms Covered:
• Rotary Wing
• Fixed Wing

Fits Covered:
• Line-Fit
• Retrofit

Sub- Systems Covered:
• GLS Receiver
• VHF Omnidirectional Range (VOR) / Distance Measuring Equipment (DME) Receiver
• Microwave Landing System (MLS) Receiver
• Instrument Landing System (ILS) Receiver

Applications Covered:
• Navigation & Positioning
• Landing

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances