Global Multi-mode Receiver Market Overview:
A multi-mode receiver is a navigation unit with multiple functionalities that embeds all the onboard reception operations that are required for a pilot to position, navigate, and land the airplane. It offers an economical and effective solution of state-of-the-art facilities with better avionics and new set up. The multi-mode receiver is the aircraft industry’s only completely digital navigation receiver that embeds numerous stand-alone receivers such as instrument landing system (ILS) receiver, microwave landing system (MLS) receiver, and GPS landing system receiver into one single system. According to AMA, the Global Multi-mode Receiver market is expected to see growth rate of 4.83%
Growth Drivers
- Growth of the General Aviation Avionics Retrofit Market
- Increasing Number of Aircraft Deliveries
Market Trends
- Demand for Lightweight and Space Saving Aircraft Component
Roadblocks
Opportunities
- Mandate for Integration of Satellite-Based Augmentation System in Aircraft
Challenges
- Increasing Vulnerability of Avionics to Cyberattacks
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are BAE Systems plc (United Kingdom), Honeywell International Inc. (United States), Indra Sistemas,SA (Spain), Intelcan Technosystems Inc. (Canada), Leonardo SpA (Italy), Rockwell Collins, Inc. (United States), Saab AB (Sweden), Systems Interface Ltd. (United Kingdom), Thales Group (France) and VAL Avionics Ltd. (United States). Analyst at AMA Research see European and United States Players to retain maximum share of Global Multi-mode Receiver market by 2026. Considering Market by Fit, the sub-segment i.e. Line-fit will boost the Multi-mode Receiver market. Considering Market by Platform, the sub-segment i.e. Fixed Wing {Commercial Aviation, General Aviation, and Military Aviation} will boost the Multi-mode Receiver market. Considering Market by Sub-System, the sub-segment i.e. ILS Receiver will boost the Multi-mode Receiver market.
Latest Market Insights:
On 4th Mar 2021, BAE Systems has acquired Pulse Power and Measurement Limited; an independent developer of high-end electronics.
What Can be Explored with the Multi-mode Receiver Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Multi-mode Receiver Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Multi-mode Receiver
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Multi-mode Receiver market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Multi-mode Receiver market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Multi-mode Receiver Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.