Multi-Mode Receiver Market Report 2023: Share, Size, Growth, Industry Analysis and Forecast 2028
According to the latest report by IMARC Group, titled “Multi-Mode Receiver Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, ” offers a comprehensive analysis of the industry, which comprises insights on the multi-mode receiver market growth . The global multi-mode receiver market size reached US$ 1,125.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,457.3 Million by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028. A multi-mode receiver, also called MMR, represents an advanced integrated navigational system that combines multiple navigation functionalities into a compact and single unit. It consists of several landing solutions, such as GPS landing system, instrument landing system (ILS), GNSS landing system (GLS), microwave landing system, etc., integrating signals from these instruments to offer higher precision. In line with this, MMR also aids the aircraft in eliminating problems associated with