World Multi-Mode Receiver Market to Cross USD 1.21 Bn by 2022, Expects M&M in Its New Report Recently Added at MarketPublishers.com
10 Aug 2017 • by Natalie Aster
LONDON – Today, the aircraft sector witnesses the elevating demand for weight and space saving solutions, which can reduce consumption of fuel and, thus, enhance the aircraft efficiency. This need could be addressed by a multi-mode receiver through integration of several stand-alone receivers (GNSS landing system (GLS) receiver, instrument landing system (ILS) receiver and microwave landing system (MLS) receiver) into one single receiver. The escalating number of aircraft deliveries will also spur the multi-mode receiver market growth in the short run. Still, regulatory framework (associated with multi-mode receiver subsystems) could hamper growth in the multi-mode receiver market in the years ahead. The North American region takes lead in the global multi-mode receivers market.
In 2017, the world’s market for multi-mode receivers is forecast to reach USD 961.5 million. Over 2017-2022, growth in this market is set to gather momentum at a 4.76% CAGR. By the year 2022, the value of the multi-mode receiver market will likely cross USD 1.21 billion.
The new research study “Multi-mode Receiver Market by Platform, Fit, Application, Sub-System, and Region - Global Forecast to 2022” worked out by MarketsandMarkets (M&M) gives a clear picture of the present scenario in the market globally and the regional scale. This study presents access to reliable market performance data, examines the key factors shaping the multi-mode receivers market, discusses the prevailing development trends, and also points out the most lucrative opportunities and major threats. Besides, this research report contains a detailed analysis of the main segments of the multi-mode receivers market, covers the competitive environment, touches upon the regulative framework, offers valuable data on the leading players and presents a comprehensive future outlook through 2022.
A full collection of the publisher’s research studies is available at the MarketsandMarkets page.