With 4% CAGR, Multi-Mode Receiver Market to Hit US$ 1,457.3 Million by 2028 | IMARC Group

According to the latest report by IMARC Group, titled “Multi-Mode Receiver Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global multi-mode receiver market size reached US$ 1,125.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,457.3 Million by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.


A multi-mode receiver, also called MMR, represents an advanced integrated navigational system that combines multiple navigation functionalities into a compact and single unit. It consists of several landing solutions, such as GPS landing system, instrument landing system (ILS), GNSS landing system (GLS), microwave landing system, etc., integrating signals from these instruments to offer higher precision.

In line with this, MMR also aids the aircraft in eliminating problems associated with multipath interference while supporting advanced navigation standards, including GLS Category II or III. Consequently, it is extensively utilized in the aviation industry to enhance the navigation, landing, and positioning capabilities of aircraft. A multi-mode receiver provides an economical and efficient solution of state-of-the-art facilities with improved avionics and a new setup.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

The inflating need for reducing weight, maximizing space utilization, and improving the efficiency of the aircraft is primarily driving the multi-mode receiver market. Additionally, MMR integrates numerous stand-alone receivers into one unit and enhances the safety of the aircraft while minimizing the power consumption, overall size, costs of equipment, etc., which is further catalyzing the market growth.

Besides this, the rising air passenger and freight traffic and the implementation of aviation safety regulations by government bodies to encourage the installation of satellite-based augmentation systems (SBAS) are acting as significant growth-inducing factors. Moreover, the escalating demand for space-saving and lightweight multi-mode receivers is also positively influencing the global market. Apart from this, key market players are focusing on product innovations and entering into strategic partnerships to gain a competitive edge and expand their customer base, which is projected to fuel the multi-mode receiver market over the forecasted period.

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Breakup by Fit:

  • Line-Fit
  • Retrofit

Breakup by Sub-System:

  • ILS Receiver
  • MLS Receiver
  • GLS Receiver
  • VOR and DME Receiver

Breakup by Platform:

  • Fixed-wing
  • Rotary-wing

Breakup by Application:

  • Navigation
  • Positioning
  • Landing

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

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

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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