Multi-Function Display (MFD) Global Market Report 2025

The multi-function display (mfd) market size has grown rapidly in recent years. It will grow from $21.65 billion in 2024 to $23.93 billion in 2025 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to growing adoption of digital cockpits in aviation, increasing demand for enhanced situational awareness, military modernization programs, rise in commercial aircraft production, and rising demand for automation.

The multi-function display (mfd) market size is expected to see rapid growth in the next few years. It will grow to $36.19 billion in 2029 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to increasing demand for next-generation aircraft systems, rising focus on lightweight and compact displays, expanding applications in automotive and maritime sectors, growing investment in defense avionics upgrades, and advancements in augmented reality (AR) integration. Major trends in the forecast period include the development of touchscreen multi-function displays, integration of AI and machine learning for smart displays, adoption of organic light-emitting diode (OLED) technology, the customization and modularization of display systems, and increased focus on cyber-secure display solutions.

The forecast of 10.9% growth over the next five years reflects a modest reduction of 0.4% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through higher prices for integrated cockpit systems, predominantly manufactured in France and South Korea, increasing costs for aviation and marine vessel upgrades. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The increasing demand for energy-efficient displays is expected to drive the growth of the multi-function display (MFD) market in the coming years. Energy-efficient displays are designed to consume less power while delivering high performance in terms of brightness, color quality, and responsiveness. This growing demand is largely driven by heightened consumer awareness of environmental impact, which leads to a preference for products that reduce energy consumption and carbon footprints. MFDs contribute to energy efficiency by integrating multiple functions into a single, low-power display, eliminating the need for separate energy-intensive devices. For example, in November 2024, the European Commission, a Belgium-based executive body of the European Union (EU), reported that approximately 70 million electronic displays, including energy-efficient TVs, computer monitors, and signage displays, are sold annually in the EU, generating around $34.12 billion (€30 billion) in revenue. The stock of such displays is expected to reach around 600 million units by 2030. As a result, the increasing demand for energy-efficient displays is fueling growth in the multi-function display (MFD) market.

Leading companies in the multi-function display (MFD) market are increasingly focusing on incorporating artificial intelligence (AI) and dynamic energy-saving technologies to boost efficiency and sustainability. These technologies optimize energy consumption by adjusting parameters including brightness and contrast based on content and ambient lighting conditions, ensuring energy efficiency while maintaining high display quality. For example, in October 2024, Furuno Electric Co. Ltd., a Japan-based marine electronics company, launched the TZTBBX Black Box Multi-Function Display. This advanced navigation system, designed for both professional and recreational maritime users, is powered by a robust hexacore processor and features an intuitive multi-touch interface. A key highlight of the TZTBBX is its ability to support up to six simultaneous split-screen views on displays of virtually any size, offering highly customizable and efficient operation. Additionally, the TZTBBX incorporates the innovative TZ MAPS platform, which utilizes AI-enhanced routing features to optimize safety and efficiency during navigation.

In July 2024, Aspen Avionics Inc., a U.S.-based manufacturer of aircraft avionics, teamed up with Electronics International Inc. to integrate engine monitoring capabilities into Aspen’s Evolution multi-function displays. This collaboration enables pilots to view essential engine data, such as fuel flow and temperature readings, directly on the MFD screen, improving situational awareness and reducing the workload in the cockpit. Electronics International Inc. is a US-based company specializing in the development and manufacturing of advanced engine monitoring systems for aircraft.

A multi-function display (MFD) is an electronic screen designed to showcase various types of information from different sources in one integrated interface. It consolidates and presents real-time data such as navigation, system monitoring, communication, weather updates, and other essential details. The MFD enhances situational awareness, boosts operational efficiency, and improves safety by offering a unified and user-friendly display of critical information.

The main types of multi-function displays (MFD) include electronic flight displays (EFD), head-up displays (HUD), head-mounted displays (HMD), helmet-mounted displays (HMD), and portable multi-function displays. Electronic flight displays (EFD) are a specific type of MFD used in aviation, particularly within aircraft cockpits, to present flight and navigation data digitally to pilots. These displays integrate multiple flight instruments, such as altimeters, airspeed indicators, navigation maps, radar, and engine monitoring systems, into a single, easy-to-read interface. This integration improves situational awareness and operational efficiency. Technologies used to build these displays include liquid crystal display (LCD), organic light-emitting diode (OLED), light-emitting diode (LED), thin-film transistor (TFT), and vertical alignment (VA). These MFD systems are deployed across various platforms, including airborne, land, and naval, and are utilized in applications such as aviation, marine, automotive, consumer electronics, and industrial sectors.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp escalation of U.S. tariffs and resulting trade tensions in spring 2025 are significantly affecting the electrical and electronics sector. Key components such as semiconductors, display panels, and rare-earth metals crucial for batteries and motors are now facing heavy duties. Consumer electronics companies are seeing profit margins shrink, as fierce competition makes it difficult to pass on rising costs to consumers. At the same time, industrial electronics firms are experiencing project delays due to shortages of tariff-impacted parts like printed circuit boards. In response, businesses are shifting assembly operations to tariff-exempt nations, building up inventory reserves, and redesigning products to reduce reliance on restricted materials.

The multi-function display (MFD) market research report is one of a series of new reports that provides multi-function display (MFD) market statistics, including the multi-function display (MFD) industry's global market size, regional shares, competitors with a multi-function display (MFD) market share, detailed multi-function display (MFD) market segments, market trends and opportunities, and any further data you may need to thrive in the multi-function display (MFD) industry. This multi-function display (MFD) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Major players in the multi-function display (mfd) market are RTX Corporation, Lockheed Martin Corporation, Honeywell International Inc., BAE Systems plc., Eaton Corporation plc, Thales S.A., Elbit Systems Ltd, Teledyne Technologies Incorporated, Garmin Ltd, Saab AB, Esterline Technologies Corporation, Barco NV, Astronautics Corporation of America, Universal Avionics Systems Corporation, CMC Electronics Inc., Avidyne Corporation, Aspen Avionics Inc., Samtel Hal Display Systems Limited, Simrad Yachting, and IRTS.

North America was the largest region in the multi-function display (MFD) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in multi-function display (MFD report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the multi-function display (MFD) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The multi-function display (MFD) market consists of sales of primary flight displays, navigation displays, and tactical displays. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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