25th July 2019 – Global Multi-Mode
Receiver Market is anticipated to reach USD 1.3 billion by 2025. The
market is anticipated to grow with a healthy rate in the years to come. Demand
for lightweight aircraft multi-mode receiver and components within retrofit
market and improved aircraft sales would induce the market toward development
in the years to come. The increasing demand for lightweight and space saving
for better fuel economy is the foremost driving factor for the Multi-Mode
Receiver (MMR) market.
The rising in the number of aircraft
distributions is also anticipated to propel the MMR industry in the years to come.
On the other hand, growing susceptibility of aviation technology to
cyber-attacks monitoring may hamper the growth of the industry, and it is
anticipated to grow at a significant CAGR of 4.4% in the upcoming period as the
scope, product types, and its applications are increasing across the globe.
The market may be explored by fit,
platform, applications, sub-system and geography. The market may be explored by
Fit as Line-fit and Retrofit. In 2017, line-fit segment dominated the
multi-mode receiver industry, due to the mandate for the installation of
multi-mode receivers in innovative commercial aircraft. The growing aircraft
retrofit activities, procedures that make multi-mode receiver a required
feature in any aircraft are anticipated to drive this segment in the years to
come.
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Multi-Mode Receiver market may be
explored by Platform as Fixed Wing, (General Aviation, (Business Aircraft, and
Light Aircraft), Commercial Aviation, (Narrow Body Aircraft, Very Large
Aircraft, Wide Body Aircraft, and Regional Transport Aircraft), Military
Aviation, (Transport Aircraft, and Fighter Aircraft)), Rotary Wing, (Military
Helicopters and Commercial Helicopters).
Commercial aviation segment is estimated
to account for the highest market share in the forecast period. Due to the
commercial aviation industry mainly uses wide-body aircraft and narrow-body
aircraft to cargo and transport passengers. Moreover, the fixed wing segment
may rule the market and continue to rule the roost in the years to come.
However, Rotary wing aircraft are mainly used for oil and gas, rescue,
emergency, and for military applications. And it is anticipated to develop
steadily in the forthcoming period.
The market may be explored by application
as Landing and Navigation & Positioning. The Navigation & Positioning
segment is dominating the segment application in the Multi-Mode receiver
industry in 2017. Due to MMRs use several navigation systems, such as distance
Measuring Equipment (DME), VOR (VHF omnidirectional radio range), to offer
optimum navigation. The industry may be explored by Sub-system as GLS Receiver,
MLS Receiver, ILS Receiver, and VOR/DME Receiver.
Asia Pacific accounted for the major
share of the global Multi-Mode Receiver market Size Analysis in 2016; and will
continue to do so in the forecast period. Asia-Pacific region is projected to
develop at the highest CAGR of 3.9% in the years to come. This development can
be ascribed to the high air passenger traffic, foremost to a rise in the number
of aircraft distributions in this region. Growing demand for air travel owing
to declining travel price and growing number of air routes has led to the rise
in passenger traffic.
Some of the key players that fuel the
development of the Multi-Mode Receiver industry include Honeywell International
Inc., BAE Systems PLC, Intel can Techno systems Inc., IndraSistemas, SA,
Leonardo SPA, Saab AB, Systems Interface Ltd., Rockwell Collins, Inc., Val
Avionics Ltd, and Thales Group. The leading companies are taking up
partnerships, mergers and acquisitions, and joint ventures in order to boost
the inorganic growth of the industry.
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