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Multi-Mode Receiver Market By Fit (Line-Fit, Retrofit) By Sub-System (ILS Receiver, MLS Receiver, GLS Receiver) By Platform (Fixed-wing, Rotary-wing) By Application (Navigation, Positioning, Landing) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

About this report

The global multi-mode receiver market report explores the critical analysis of the multi-mode receiver industry using key parameters. The report consists of investment strategies, the need for investments in the multi-mode receiver industry, and the multiple benefits for investors. Importantly, this report sets out major changes in the global technical regulations for the multi-mode receiver industry and how economic and non-economic barriers are helping the market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses include Porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

 

REPORT ATTRIBUTE DETAILS

Multi-Mode Receiver Market by Volume

Yes

Multi-Mode Receiver Market by Value

Yes

Multi-Mode Receiver Market, Tornado Analysis

Yes

Multi-Mode Receiver Market, STAR Analysis

Yes

Multi-Mode Receiver Market, SRC Analysis

Yes

Multi-Mode Receiver Market, Import-Export Data

Yes (On Demand)

Multi-Mode Receiver Market Pricing Analysis

Yes (On Demand)

Multi-Mode Receiver Market Segment Analysis

By Fit (Line-Fit and Retrofit)

By Sub-System (ILS Receiver, MLS Receiver, GLS Receiver, and VOR & DME Receiver)

By Platform (Fixed-wing and Rotary-wing)

By Application (Navigation, Positioning, and Landing)

Multi-Mode Receiver Market, Regional Analysis

North America (the US and Canada)

Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific)

Latin America (Brazil, Mexico, and the Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and the Rest of Middle East and Africa)

Multi-Mode Receiver Market Key Companies

BAE Systems, Honeywell International, Indra Sistemas S.A., Intelcan Technosystems Inc, Interface Inc, Leonardo S.p.A., Raytheon Technologies Corporation, Saab AB, Thales Group, Val Avionics Ltd, and W. W. Grainger Inc

Multi-Mode Receiver Market Competitive Landscape

Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

 

Key Highlights of the report

How are the major segments performing in the Multi-Mode Receiver Market?

  • In 2021, the retrofit segment accounted for the largest global market share as airline companies remain keen on retrofitting their airframe with the latest avionics.
  • In 2021, the ILS receiver segment led the market in terms of a sub-system and was expected to continue throughout the projection period. The instrument landing system (ILS) is a precise radio navigation system used in aviation. It gives aircraft short-range guidance to enable them to approach a runway at night or in adverse weather.
  • In 2021, the fixed-wing platform segment dominated the global market, owing to rising demand for commercial & military fixed-wing aircraft. In the coming years, the market for commercial fixed-wing aircraft is expected to expand significantly due to rising air passenger traffic worldwide.
  • In 2021, the navigation application segment was expected to grow faster during the forecast period due to global directives mandating using multi-mode receivers for navigation applications in aircraft. MMRs use various navigation systems, including VOR (VHF omnidirectional radio range) and Distance Measuring Equipment (DME), to provide an optimal navigation.

Which region dominated the multi-mode receiver market?

North America dominated the global multi-mode receiver market in 2021, owing to increased demand from major regional aircraft manufacturers such as Boeing and Bombardier. North America is home to numerous suppliers of aircraft components. The main factors driving regional market expansion are the industry demand for new airports, increased regulations for installing satellite-based augmentation systems in aircraft, and increased air traffic. The need for compact and lightweight airframe multi-mode receivers presents a business opportunity for regional markets.

How is US Market Performing in the Multi-Mode Receiver Market?

In 2021, the United States dominated the North American multi-mode receiver market, and this trend is anticipated to hold throughout the forecast period. The United States has led the way in advanced technologies and applications in the military, aerospace, agricultural production, and mining and petroleum exploration. The US military is gradually replacing its outdated multi-mode receivers with more modern ones, boosting the development of the multi-mode receiver market in the nation. The North American market is anticipated to be driven by the presence of numerous different multi-mode receiver manufacturers.

What is the competitive environment of the multi-mode receiver market?

Governments worldwide are enacting beneficial aviation safety laws to support installing satellite-based augmentation systems (SBAS). The demand for the product is rising rapidly owing to this and sizable investments made by key players in ongoing R&D activities. Leading manufacturers are also forming strategic alliances and focusing on product innovations to gain a competitive advantage and broaden their customer base, propelling the multi-mode receiver market expansion. For instance, Collins Aerospace signed a binding agreement in August 2021 to acquire privately held FlightAware. This digital aviation company provides global flight-tracking solutions, forecasting technology, analytics, and decision-making tools and techniques. Likewise, BAE Systems acquired Pulse Power and Measurement Ltd, a high-end electronics development company, in March 2021.

Executive Summary

What technical developments are being developed in the global multi-mode receiver market?

The growing ordinance for installing satellite-based augmentation systems in airframes, as well as the lightweight design concept, is to use less material with lower density while maintaining or improving technical performance. Technological innovations such as Automatic Dependent Surveillance-Broadcast (ADS-B) Out are also emerging. While airlines invest in aircraft modernization and fleet upgrades, they also ensure that their aircraft are compatible with the latest technologies and develop Required Navigation Performance (RNP) flight control approaches. As a result, airlines are increasing their investments in advanced navigation systems.

Which are the key investments by the multi-mode receiver market players?

Various governments worldwide have been investing in and building new airports to meet the increasing demands for air passenger traffic and airframe fleets. For instance, the Airport Authority of India (AAI) recently announced in December 2019 its plans to build the first three water aerodromes in Andaman & Nicobar (a union territory of India). The Indian government plans to invest USD 1.83 billion in airport infrastructure and aviation services development by 2026. In addition, India plans to open an additional 100 airports by the end of 2024 as part of PM Narendra Modi's vision to make India a USD 5 trillion economy by 2025. Such investment in new construction airport projects (new airports built from the ground up on previously undeveloped land) is anticipated to boost the multi-mode receiver industry.

Some major players in the multi-mode receiver market are BAE Systems, Honeywell International, Indra Sistemas S.A., Intelcan Technosystems Inc, Interface Inc, Leonardo S.p.A., Raytheon Technologies Corporation, Saab AB, Thales Group, Val Avionics Ltd, and W. W. Grainger Inc.

What are the Major Driving Factors for the Multi-Mode Receiver Market?

A multi-mode receiver combines several independent receivers into a single device, reducing overall size, power consumption, and equipment costs while enhancing aircraft safety. The growing need to minimize weight, maximize space utilization, and improve aircraft efficiency is the primary factor driving the global market. The rising demand for new and upgraded aircraft due to the rising air freight and passenger traffic is also a significant factor that spurs growth. Besides, governments in various countries are enacting favorable aviation safety regulations to encourage the configuration of satellite-based augmentation systems (SBAS). This is accelerating the demand for the product, along with the significant investments made by major players in ongoing research and development (R&D) activities. Increased aircraft deliveries, rising consumer disposable incomes, quick industrialization, and technological advancements in avionics are additional factors that support a favorable market outlook.

What are the Major Risks for the Multi-Mode Receiver Market?

The aviation industry faces several significant challenges, including protecting avionics systems and technologies from cyberattacks and navigating stringent regulatory frameworks. Modern aircraft are equipped with multi-mode receiver systems that enable previously impractical data exchange with air traffic controllers, pilots, navigation satellites, and other aircraft. As a result, if an aircraft's electronic systems are not sufficiently protected, they may be vulnerable to various potential cyberattacks. Multiple factors can lead to the development of vulnerabilities, including the failure to update commercial software, malicious software uploads, outdated systems on antiquated aircraft, flight data spoofing, and insecure supply chains. A multi-mode receiver system of an aircraft has not yet been the target of any cyberattacks due to the implementation of extensive cybersecurity controls.

Which is the key fit in the multi-mode receiver market?

The retrofit segment is expected to maintain its dominance over the forecast period. The installation of retrofit multi-mode receivers in aircraft is encouraged by advancements in avionics technology and strict safety regulations. The increase in retrofitting activities aimed at enabling aircraft with the essential components to improve their performance is expected to propel the retrofit segment. The line-fit segment is primarily determined by the number of aircraft delivered, as components are implemented on the assembly lines. As aircraft manufacturers continue to work on their existing order backlogs and new orders concurrently, the line-fit segment is anticipated to hold a slightly higher share than the retrofit segment in 2021.

How is the multi-mode receiver market performing in regions?

North America is expected to retain the largest share of the multi-mode receiver market throughout the forecast period. The growth of the market in North America has been aided by the region's presence of some of the industry's top players, including VAL Avionics Ltd. (US), Rockwell Collins Inc (US), Honeywell International Inc (US), and Intelcan Technosystems Inc (Canada), as well as by the substantial number of aircraft deliveries in the region.

multi-mode-receiver-market

Furthermore, the Asia Pacific region is expected to have the highest revenue share in the global multi-mode receiver market during the forecast period. The increased aircraft distribution in this region can be attributed to the high air passenger traffic. Besides, rising demand for air travel due to declining travel and increased air routes has increased passenger life. The demand for broad and large aircraft and spending on military aircraft will also help the regional market expand.

What is the regulatory landscape for the multi-mode receiver market?

The aviation industry has been subjected to stringent regulations all over the world. Rising awareness of the regulatory certifications required for newly developed products and initiatives to expand their geographic reach contribute to the presence in the multi-mode receiver market. For instance, Honeywell International Inc received FAA certification for its integrated multi-mode receiver in April 2017. Similarly, The Collins Aerospace GLU-2100 multi-mode receiver (MMR) received Airbus approval in November 2021, making it available as a line-fit and retrofit on Airbus A320, A330, and A350 aircraft. This is a significant step toward Collins providing commercial aviation with next-generation GNSS.

What is the Market Size of the Multi-Mode Receiver regarding value?

The global multi-mode receiver market is anticipated to grow at a substantial CAGR of 4.3% in the upcoming years. The global multi-mode receiver industry is estimated to be worth USD 948.6 million in 2021 and is expected to be worth USD 1221.2 million by 2028.

What are the major players planning for the future of the multi-mode receiver market?

Major corporations focus on strengthening their relationships with aircraft manufacturers and winning new contracts. They also plan to spend heavily on research and development to increase their future market share and ensure robust growth. Initiatives made by airlines worldwide to modernize their fleets are another significant factor fostering market expansion. A typical approach for achieving lightweight design for aerospace components also involves the application of advanced lightweight materials to numerically optimized structures that can be produced using appropriate manufacturing techniques. The growing demand for space-saving and lightweight aircraft components creates numerous opportunities for growth in the global multi-mode receiver market during the forecast period.

Segmentation of Global Multi-Mode Receiver Market -

Global Multi-Mode Receiver Market – By Fit

  • Line-Fit
  • Retrofit

Global Multi-Mode Receiver Market – By Sub-System

  • ILS Receiver
  • MLS Receiver
  • GLS Receiver
  • VOR & DME Receiver

Global Multi-Mode Receiver Market – By Platform

  • Fixed-wing
  • Rotary-wing

Global Multi-Mode Receiver Market – By Application

  • Navigation
  • Positioning
  • Landing

Global Multi-Mode Receiver Market – By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global multi-mode receiver market

The COVID-19 pandemic also negatively affected the global multi-mode receiver market, resulting in a 2.6% revenue decline in 2020.

North America accounted for the most heightened share in the global multi-mode receiver market.

Continuous avionics advancements, combined with the increasing use of multi-mode receivers to improve aircraft navigation, landing, and positioning functionality, are driving the global multi-mode receiver market.

The fixed-wing segment had a major share in the global market in 2021.

The navigation segment had a major share in the global market.

Multi-Mode Receiver Market Scope

Report Attribute Details
Market Value in 2021 USD 948.6 million
Market Value in 2028 USD 1221.2 million
CAGR 4.3%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Nov 2022
Category:  Semiconductor & Electronics
Report ID:   60822
Report Format:   PDF
Pages:   130
Rating:    4.8 (40)
Delivery Time: 24 Hours to 48 Hours   
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