Market Research Report on Global Multi Mode Receiver Market
RAIPUR, INDIA, January 10, 2018 /EINPresswire.com/ —
Report Sellers has added a new market research report “Multi-Mode Receiver – Global Market Outlook (2017-2023)” to its offerings.
According to Report, the Global Multi-Mode Receiver market is expected to grow from $932.68 million in 2016 to reach $1445.69 million by 2023 with a CAGR of 6.5%. Growth of air passenger traffic, increase in aviation avionics retrofits industry, and favorable aviation regulations to integrate satellite-based augmentation system in aircrafts are some of the factors fostering the market growth during the forecast period. On the other hand, risk of cyber attacks, stringent regulations for product approval are some of the restraints limiting the market growth.
A Multi mode receiver assists the pilots in landing, navigating, and positioning of the aircraft. Multi mode receivers are being used by various airlines in wide and narrow body aircrafts. By region, North America region is holding the largest market revenue over the forecast period. Asia Pacific is expected to witness higher growth rate during the forecast period. The growth is attributed to economic growth, rise in air passenger traffic are favoring the Asia Pacific market growth.
Some of the key players in global multi-mode receiver market include BAE Systems PLC, Honeywell International Inc., Indra Sistemas, SA, Intelcan Technosystems Inc., Leonardo SPA, Rockwell Collins, Inc., Saab AB, Systems Interface Ltd., Thales Group, Val Avionics Ltd., and Garmin.
Browse through the complete description and in-depth TOC on “Global Multi-Mode Receiver Market”
What does the Report Offers
• Market share assessments for the regional and country level segments
• Market share analysis of the top industry players
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
Global multi-mode receiver Market has been segmented by platform types covered, sub-system types covered,fit types covered, applications covered and regions covered
Platform Types Covered:
Sub-System Types Covered:
VHF Omnidirectional Range (VOR) / Distance Measuring Equipment (DME) Receiver
Fit Types Covered:
Navigation & Positioning
Rest of Europe
Rest of Asia Pacific
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
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Source: EIN Presswire