Multi-Mode Receiver Market

A multi-mode receiver is a navigation unit with various functions that incorporate all the onboard receiving operations that are necessary for a pilot to position, navigate, and land an airplane. It provides a cost effective and efficient solution of state-of-the-art facilities with improved avionics and new set up. The multi-mode receiver is the only completely digital navigation receiver that embeds numerous stand-alone receivers such as instrument landing system (ILS) receiver, microwave landing system (MLS) receivers, and GPS landing system receiver into one single system of the aircraft industry. The global market for multi-mode receiver could be segmented in terms of the different types of fits, platforms, and application types. The global market could be segmented in terms of sub-system and geography as well. Such in -depth and precise segmentation of the global multi-mode receiver market offered by the report helps in understanding the overall development prospects and the future outlook of the various market segments and thus, helping the potential buyers to make informed decisions while investing in the market.

COVID-19 Impact Analysis

• Travel bans imposed by nations all across the globe to prevent the spread of COVID-19 have had an impact on the flight inspection industry since flight inspection services rely significantly on commercial airlines for their revenue generation. The demand for equipment and services necessary for multi-mode receivers has also plummeted due to disruption in supply chain and transportation services. Airlines will delay the procurement of new aircraft since the travel bans imposed by governments globally due to theCOVID-19 pandemic have effectively shut down all the revenue sources for airlines. Airlines are suffering significant financial losses due to the flights cancellations and reduced air traffic caused by travel restrictions imposed by authorities in the course of the COVID-19 pandemic.

Top Impacting Factors
Demand for new airports, rise in ordinance for deployment of satellite-based augmentation system in aircraft, and rise in air traffic drive the growth of the market.
Cybersecurity issues, and stringent regulatory framework are the factors that hinder the multi-mode receiver market.
Demand for space saving & lightweight aircraft multi-mode receiver act as an opportunity for the market investments.

The Multi-Mode receiver market trends are as follows:
Demand for New Airports

• Governments have been building new airports to meet the demand of growing air passenger traffic & aircraft fleet. Recently, in December 2019, the Airport Authority of India (AAI) revealed its plans to develop first three water aerodromes in Andaman & Nicobar (a union territory of India) in the country. Moreover, the government of India is planning to invest 1.83 billion USD by 2026, on airport infrastructure & aviation services development in the country. Furthermore, as part of vision of the PM Narendra Modi to make India a $5 trillion economy by end of the year 2025, India plans to open additional 100 airports by the end of the year 2024. Such investment in greenfield airport projects (a new airport built from scratch on unused land) is expected to boost the global multi-mode receiver market. Many developing countries have plans to open new airports to facilitate air transportation within and across the country. This would immediately increase the demand for the multi-mode receiver systems, which boost the growth of the market.

Cybersecurity Issues

• Modern airplanes are fitted with multi-mode receiver systems that exchange data with air-traffic controllers, pilots, navigation satellites, and other aircraft, in a manner that were previously not possible. Thus, if the electronic systems of an aircraft are not adequately protected, they could expose themselves to the risks of a wide range of possible cyberattacks. Vulnerabilities can develop for a variety of reasons including failure to apply updates to commercial software, malicious software uploads, outdated systems on outdated airplanes, flight data spoofing, and insecure supply chains. Wide-ranging cybersecurity controls were executed and there have not been any instances of cyberattacks on a multi-mode receiver system of aircraft so far. 

Key Benefits of the Report:

• This study presents the analytical depiction of the multi-mode receiver market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with challenges of the multi-mode receiver market.
• The current market is quantitatively analyzed to highlight the growth scenario of the multi-mode receiver market.
• The report provides a detailed multi-mode receiver market analysis based on competitive intensity and the competition that will take shape in coming years.

Questions Answered in the Multi-Mode Receiver Market Research Report:

• Who are the leading market players active in the multi-mode receiver market?
• What would be the detailed impact of COVID-19 on the market?
• What are the current trends that would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the multi-mode receiver market?
• What are the future projections that would help in taking further strategic steps? 

 Multi-Mode Receiver Market Report Highlights