Multi-Mode Receiver Market Report, Size, Share, Analysis 2017 and Forecast to 2023

According to Stratistics MRC, the Global Multi-Mode Receiver market is expected to grow from $932.68 million in 2016 to reach $1445.69 million by 2023 with a CAGR of 6.5%.

Growth of air passenger traffic, increase in aviation avionics retrofits industry, and favorable aviation regulations to integrate satellite-based augmentation system in aircrafts are some of the factors fostering the market growth during the forecast period. On the other hand, risk of cyber attacks, stringent regulations for product approval are some of the restraints limiting the market growth.

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A Multi mode receiver assists the pilots in landing, navigating, and positioning of the aircraft. Multi mode receivers are being used by various airlines in wide and narrow body aircrafts. By region, North America region is holding the largest market revenue over the forecast period. Asia Pacific is expected to witness higher growth rate during the forecast period. The growth is attributed to economic growth, rise in air passenger traffic are favoring the Asia Pacific market growth.

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Some of the key players in global multi-mode receiver market include BAE Systems PLC, Honeywell International Inc., Indra Sistemas, SA, Intelcan Technosystems Inc., Leonardo SPA, Rockwell Collins, Inc., Saab AB, Systems Interface Ltd., Thales Group, Val Avionics Ltd., and Garmin.

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Platform Types Covered:
• Rotary Wing
• Fixed Wing

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

Fit Types Covered:
• Retrofit
• Line-Fit

Applications Covered:
• Landing
• Navigation & Positioning

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

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- 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

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Organization: Stratistics Market Research Consulting Pvt Ltd

Release ID: 242700