Multi-Mode Receiver (MMR) Market Applications, Key Developments, Trends and Forecast 2014-2025
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.”
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.”
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<strong>Multi</strong>-<strong>Mode</strong> <strong>Receiver</strong> (<strong>MMR</strong>) <strong>Market</strong> <strong>Applications</strong>, <strong>Key</strong><br />
<strong>Developments</strong>, <strong>Trends</strong> <strong>and</strong> <strong>Forecast</strong> <strong>2014</strong>-<strong>2025</strong><br />
“Global <strong>Multi</strong>-<strong>Mode</strong> <strong>Receiver</strong> <strong>Market</strong> is anticipated to reach USD 1.3 billion by<br />
<strong>2025</strong>. The market is anticipated to grow with a healthy rate in the years to<br />
come.”<br />
Global <strong>Multi</strong>-<strong>Mode</strong> <strong>Receiver</strong> <strong>Market</strong> is anticipated to reach USD 1.3 billion by <strong>2025</strong>. The market is anticipated<br />
to grow with a healthy rate in the years to come. Dem<strong>and</strong> for lightweight aircraft multi-mode receiver <strong>and</strong><br />
components within retrofit market <strong>and</strong> improved aircraft sales would induce the market toward development<br />
in the years to come. The increasing dem<strong>and</strong> for lightweight <strong>and</strong> space saving for better fuel economy is the<br />
foremost driving factor for the <strong>Multi</strong>-<strong>Mode</strong> <strong>Receiver</strong> (<strong>MMR</strong>) market.<br />
The rising in the number of aircraft distributions is also anticipated to propel the <strong>MMR</strong> industry in the years to<br />
come. On the other h<strong>and</strong>, growing susceptibility of aviation technology to cyber-attacks monitoring may hamper<br />
the growth of the industry, <strong>and</strong> it is anticipated to grow at a significant CAGR of 4.4% in the upcoming period as<br />
the scope, product types, <strong>and</strong> its applications are increasing across the globe.<br />
The market may be explored by fit, platform, applications, sub-system <strong>and</strong> geography. The market may be<br />
explored by Fit as Line-fit <strong>and</strong> Retrofit. In 2017, line-fit segment dominated the multi-mode receiver industry,<br />
due to the m<strong>and</strong>ate for the installation of multi-mode receivers in innovative commercial aircraft. The growing<br />
aircraft retrofit activities, procedures that make multi-mode receiver a required feature in any aircraft are<br />
anticipated to drive this segment in the years to come.<br />
<strong>Multi</strong>-<strong>Mode</strong> <strong>Receiver</strong> market may be explored by Platform as Fixed Wing, (General Aviation, (Business Aircraft,<br />
<strong>and</strong> Light Aircraft), Commercial Aviation, (Narrow Body Aircraft, Very Large Aircraft, Wide Body Aircraft, <strong>and</strong><br />
Regional Transport Aircraft), Military Aviation, (Transport Aircraft, <strong>and</strong> Fighter Aircraft)), Rotary Wing, (Military<br />
Helicopters <strong>and</strong> Commercial Helicopters).<br />
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Commercial aviation segment is estimated to account for the highest market share in the forecast period. Due<br />
to the commercial aviation industry mainly uses wide-body aircraft <strong>and</strong> narrow-body aircraft to cargo <strong>and</strong><br />
transport passengers. Moreover, the fixed wing segment may rule the market <strong>and</strong> continue to rule the roost in<br />
the years to come. However, Rotary wing aircraft are mainly used for oil <strong>and</strong> gas, rescue, emergency, <strong>and</strong> for<br />
military applications. And it is anticipated to develop steadily in the forthcoming period.<br />
The market may be explored by application as L<strong>and</strong>ing <strong>and</strong> Navigation & Positioning. The Navigation &<br />
Positioning segment is dominating the segment application in the <strong>Multi</strong>-<strong>Mode</strong> receiver industry in 2017. Due to<br />
<strong>MMR</strong>s use several navigation systems, such as distance Measuring Equipment (DME), VOR (VHF omnidirectional<br />
radio range), to offer optimum navigation. The industry may be explored by Sub-system as GLS <strong>Receiver</strong>, MLS<br />
<strong>Receiver</strong>, ILS <strong>Receiver</strong>, <strong>and</strong> VOR/DME <strong>Receiver</strong>.<br />
Asia Pacific accounted for the major share of the global <strong>Multi</strong>-<strong>Mode</strong> <strong>Receiver</strong> market Size Analysis in 2016; <strong>and</strong><br />
will continue to do so in the forecast period. Asia-Pacific region is projected to develop at the highest CAGR of<br />
3.9% in the years to come. This development can be ascribed to the high air passenger traffic, foremost to a rise<br />
in the number of aircraft distributions in this region. Growing dem<strong>and</strong> for air travel owing to declining travel<br />
price <strong>and</strong> growing number of air routes has led to the rise in passenger traffic.<br />
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Some of the key players that fuel the development of the <strong>Multi</strong>-<strong>Mode</strong> <strong>Receiver</strong> industry include Honeywell<br />
International Inc., BAE Systems PLC, IntelcanTechnosystems Inc., IndraSistemas, SA, Leonardo SPA, Saab AB,<br />
Systems Interface Ltd., Rockwell Collins, Inc., Val Avionics Ltd, <strong>and</strong> Thales Group. The leading companies are<br />
taking up partnerships, mergers <strong>and</strong> acquisitions, <strong>and</strong> joint ventures in order to boost the inorganic growth of<br />
the industry.<br />
<strong>Market</strong> Segment:<br />
<strong>Multi</strong>-mode <strong>Receiver</strong> Platform Outlook (Revenue, USD Million, <strong>2014</strong> - <strong>2025</strong>)<br />
• Fixed Wing<br />
• Rotary Wing<br />
<strong>Multi</strong>-mode <strong>Receiver</strong> Fit Type Outlook (Revenue, USD Million, <strong>2014</strong> - <strong>2025</strong>)<br />
• Line-fit<br />
• Retrofit<br />
<strong>Multi</strong>-mode <strong>Receiver</strong> Regional Outlook (Revenue, USD Million, <strong>2014</strong> - <strong>2025</strong>)<br />
• North America<br />
• Europe<br />
• Asia Pacific<br />
• South America<br />
• MEA
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