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The global multi-mode receiver market was valued at US$ 1,125.5 Million in 2022.
We expect the global multi-mode receiver market to exhibit a CAGR of 4% during 2023-2028.
Continuous advancements in avionics, coupled with the rising utilization of multi-mode receiver to enhance the landing, navigation, and positioning capabilities of the aircraft, are primarily driving the global multi-mode receiver market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for multi-mode receiver.
Based on the fit, the global multi-mode receiver market has been segmented into line-fit and retrofit, where line-fit exhibits clear dominance in the market.
Based on the platform, the global multi-mode receiver market can be bifurcated into fixed-wing and rotary-wing. Currently, fixed-wing platform accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global multi-mode receiver market include 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, and W. W. Grainger Inc.
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