The global multi-function display market size reached US$ 17.9 billion in 2023. The market is projected to reach US$ 36.0 billion by 2032, exhibiting a growth rate (CAGR) of 8.06% during 2023-2032. Continual technological advancements in system efficiency and automation, an increase in the number of ground control stations, and the rising demand for aircrafts with superior features represent some of the key factors driving the market.
Multi-function displays (MFDs) are small devices with screens that usually consist of a Cathode Ray Tube (CRT) or a Liquid Crystal Display (LCD) and can display information to the user by means of various soft keys surrounding the display. Multi-function displays allow a driver to view several parameters on the dashboard at the same time, which helps in enhancing the overall handling of the vehicle. In addition to receiving video inputs directly from video sensors, such as forward looking infrared (FLIR) sensor, cameras, radar, and weapons, and they can also communicate with external systems via signals. Additionally, MFD also provides a high-resolution display and real-time computing solution for rugged military applications requiring high performance computing. MFDs use various technologies, such as LEDs, AMLCDs, and Synthetic Vision systems, with additional features like anti-reflectivity, and dual-mode backlight providing sunlight readability. These displays are commonly used in cars in the driver's direct line of sight as well as on multi-function map displays in glass cockpits on aircraft.
Multi-function displays (MFDs) are small devices with screens that usually consist of a Cathode Ray Tube (CRT) or a Liquid Crystal Display (LCD) and can display information to the user by means of various soft keys surrounding the display. Multi-function displays allow a driver to view several parameters on the dashboard at the same time, which helps in enhancing the overall handling of the vehicle. In addition to receiving video inputs directly from video sensors, such as forward looking infrared (FLIR) sensor, cameras, radar, and weapons, and they can also communicate with external systems via signals. Additionally, MFD also provides a high-resolution display and real-time computing solution for rugged military applications requiring high performance computing. MFDs use various technologies, such as LEDs, AMLCDs, and Synthetic Vision systems, with additional features like anti-reflectivity, and dual-mode backlight providing sunlight readability. These displays are commonly used in cars in the driver's direct line of sight as well as on multi-function map displays in glass cockpits on aircraft.
Multi-function Display Market Trends
The rising number of heads-up display (HUD), electronic flight display, head mounted display (HMD), and portable multi-function display installations is a significant factor driving the market. This can be attributed to the continual technological advancements in system efficiency and automation in numerous end-use industries. In addition to this, considerable growth in the IT and ITES sector is also creating lucrative growth opportunities in the market. Moreover, an increase in the number of ground control stations on the global level is propelling the demand for MFDs. Besides this, the escalating demand for improved components of glass cockpit and advanced primary flight display (PFD) in aircraft is also acting as a significant growth-inducing factor for the market. The market is further fueled by the increasing adoption of micro display technology in the automotive industry. Apart from this, favorable initiatives undertaken by the government bodies of several countries for the development of smart cities facilitating LED-based lighting retrofit projects are fueling the market growth. Furthermore, numerous innovations in the advanced sensor systems and capacitive touch screen panels, along with an increased uptake of smart devices, are creating a positive outlook for the market. Some of the other factors contributing to the market include significant growth in the aviation industry, considerable rise in the demand for surveillance devices, rapid urbanization and industrialization, and extensive research and development (R&D) activities conducted by the key players.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global multi-function display market, along with forecasts at the global, regional, and country level from 2023-2032. The report has categorized the market based on platform, systems, technology, and application.Platform Insights
- Airborne
- Land
- Naval
Systems Insights
- Electronic Flight Displays (EFD)
- Head-Up Displays (HUD)
- Helmet-Mounted Displays (HMD)
- Portable and Flexible Multi-function Displays
Technology Insights
- LED
- LCD/AMLCD
- TFT
- OLED
- Synthetic Vision
Application Insights
- Commercial Aerospace
- Military
- Others
Regional Insights
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global multi-function display market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Aspen Avionics Inc., Astronautics Corporation of America, Avidyne Corporatio, BAE Systems plc, Elbit Systems Ltd., Garmin Ltd, Honeywell International Inc, Raytheon Technologies Corporation, Samtel Group, Teledyne FLIR LLC (Teledyne Technologies Incorporated), Universal Avionics Systems Corporation (Elbit Systems Ltd.), etc.Key Questions Answered in This Report:
- How has the global multi-function display market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global multi-function display market?
- What are the key regional markets?
- Which countries represent the most attractive multi-function display markets?
- What is the breakup of the market based on the platform?
- What is the breakup of the market based on the systems?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the application?
- What is the competitive structure of the global multi-function display market?
- Who are the key players/companies in the global multi-function display market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Multi-function Display Market
6 Market Breakup by Platform
7 Market Breakup by Systems
8 Market Breakup by Technology
9 Market Breakup by Application
10 Market Breakup by Region
11 Drivers, Restraints, and Opportunities
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Aspen Avionics Inc.
- Astronautics Corporation of America
- Avidyne Corporatio
- BAE Systems plc
- Elbit Systems Ltd.
- Garmin Ltd
- Honeywell International Inc
- Raytheon Technologies Corporation
- Samtel Group
- Teledyne FLIR LLC (Teledyne Technologies Incorporated)
- Universal Avionics Systems Corporation (Elbit Systems Ltd.)
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 146 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 17.9 Billion |
| Forecasted Market Value ( USD | $ 36 Billion |
| Compound Annual Growth Rate | 8.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
