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(IT-NEWSWIRE.COM, October 18, 2017 ) According to Publisher, 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.
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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.
Platform Types Covered:
-Rotary Wing
-Fixed Wing
Sub-System Types Covered:
-GLS Receiver
-VHF Omnidirectional Range (VOR) / Distance Measuring Equipment (DME) Receiver
-MLS Receiver
-ILS Receiver
Fit Types Covered:
-Retrofit
-Line-Fit
Applications Covered:
-Landing
-Navigation & Positioning
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Regions Covered:
-North America
US
Canada
Mexico
-Europe
Germany
UK
Italy
France
Spain
Rest of Europe
-Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
-South America
Argentina
Brazil
Chile
Rest of South America
-Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
Company Profiling
11.1 BAE Systems PLC
11.2 Honeywell International Inc.
11.3 Indra Sistemas, SA
11.4 Intelcan Technosystems Inc.
11.5 Leonardo SPA
11.6 Rockwell Collins, Inc.
11.7 Saab AB
11.8 Systems Interface Ltd.
11.9 Thales Group
11.10 Val Avionics Ltd.
11.11 Garmin
For more information about this report: http://www.reportsweb.com/multi-mode-receiver-global-market-outlook-2017-2023
ReportsWeb.com
Rajat Sahni
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
Source: EmailWire.com
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