Multi-mode Receiver Market Size, MMR Sector / Industry Report & Analysis, 2018-2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Multi-mode Receiver Market


The global multi-mode receiver (MMR) market size was valued at USD 895.4 million in 2016 and is projected to expand at a CAGR of 4.4% over the forecast period. Demand for new aircraft is rising as air passenger traffic continues to grow in line with improving economic conditions and increasing disposable income.
For example, Airbus S.A.S. orders and deliveries report for 2016 stated that the company’s aircraft deliveries increased from 635 in 2015 to 688 in 2016, rising approximately 8.0% over the year. This indicates that the market is expected to witness a significant upsurge over the coming years.
 
A multi-mode receiver can enhance landing, positioning, and navigation capabilities of an aircraft. Installation of an MMR can help the aircraft overcome problems associated with multipath interference and support advanced navigation standards, such as GLS CAT II/III and WAAS LPV. This augments the safety factor of the aircraft. Hence, the market is expected to grow steadily over the forecast period.
The capabilities of MMR to combine various navigation functionalities into a single and compact unit is also a key driving factor for the market. It helps reduce cost of ownership of the equipment, weight, power consumption, and size.

Market Segmentation, Outlook & Viewpoint: Global Multi-mode Receiver Market


Platform Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Fixed Wing

Rotary Wing


Fit Type Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Line-fit

Retrofit


Key Players, Recent Developments & Regional Insights: Global Multi-mode Receiver Market

 
On the basis of fit type, the multi-mode receiver (MMR) market has been segmented into line-fit and retrofit. Advances in avionics technology and stringent safety-regulation are encouraging the installation of MMR in aircraft. Rise in retrofitting activities aimed at equipping aircraft with necessary components to enhance its performance is expected to drive the retrofit segment. The segment is projected to exhibit the highest CAGR of 5.1% over the forecast period.
 
The line-fit segment mainly depends on number of aircraft deliveries, as components are installed on the assembly line. The segment is projected to hold a marginally higher share than the retrofit segment in 2017 as aircraft manufacturers continue to work on their existing order backlogs and new orders simultaneously.

Regional Insights
The North American region dominated the global market for MMR in 2016 and is anticipated to exhbit a CAGR of 3.9% over the forecast period. North America is home to numerous suppliers of aircraft parts. According to the International Trade Administration (ITA), U.S. exported aircraft parts worth USD 56.2 billion in 2014. U.S. is one of the key countries involved in international trade of aerospace products, and aircraft parts accounted for 46.0% of the overall aerospace exports of U.S. in 2014.
The Asia Pacific region is expected to expand at the highest CAGR of 6.9% over the forecast period. This can be attributed to rising aircraft deliveries in the region. APAC is also witnessing an increase in spending on military aircraft, which will foster the growth of the regional market.
Multi-mode Receiver (MMR) Market Share Insights
The market is dominated by prominent manufacturers such as BAE Systems, Honeywell International Inc.; Leonardo S.p.A.; Rockwell Collins; and Thales Group. These companies have been focused on strengthening their partnerships with aircraft manufacturers and winning new contracts. They also invest aggressively in research and development in order to expand their market share and ensure healthy growth.
The presence in the market is also strengthened by rising awareness regarding necessary regulatory certifications for newly developed products and initiatives aimed at extending their geographical footprint. For instance, in April 2017, Honeywell International Inc. obtained the Federal Aviation Administration (FAA) certification for its Integrated Multi-Mode Receiver. Similarly, Rockwell Collins introduced the new GLU-2100, a next-generation MMR designed to cater to future navigation requirements of Airbus and Boeing aircraft.

Key Insights Covered: Global Multi-mode Receiver Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Multi-mode Receiver industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Multi-mode Receiver industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Multi-mode Receiver industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Multi-mode Receiver industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Multi-mode Receiver industry.

Research Methodology: Global Multi-mode Receiver Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other