Press release
Multifunction Display Market Expected to Rise Steadily throughout 2025
Owing to the prominent involvement of Light Emitting Diode (LED) in the multi-function displays and the significant growth of the LED market on a global level, the global multi-function display market is expected to grow positively for the forecast period of 2018-2026. Furthermore, owing to the multiple technological advancements North America could be of crude potential for the global multi-function market for the forecast period of 2018-2026. For instance, in April 2018, Osram Licht, a leading lighting solutions company group announced its partnership with the US state of Tennessee to increase LED-based lighting retrofit projects in government facilities across the state.
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Such developments in the LED based offerings are suggested to impact the multi-function display market. Growth of advanced sensor systems and capacitive touch screen panels can also have a significantly positive impact on the growth of global multi-function display market for the forecast period. Additionally apart from its prominent use in military and commercial applications the global multi-function display is expected to have a significant adoption in the automotive sector. However, integration of LED with this technology can be one of the major challenge for the growth of multi-function display market.
The global multi-function display market could be divided into four segments namely- end use, device, display and region. As per end-use the global multi-function display market could be divided into two parts namely- commercial and military. As per the device segment the global multi-function display market could be divided into four parts namely- Heads Up Display (HUD), Helmet Mounted Display (HMD), Electronic Flight Display (EFD) and others. As per the display segment the global multi-function display market could be divided into five parts namely- LCD, LED, Organic Light Emitting Diode (OLED), Active Matrix Liquid Crystal Display (AMLCD) and others. As per the regions the global multi-function display market could be divided into North America, Europe, Asia Pacific, Middle East and Africa and South America.
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North America is expected to hold the highest market share for the forecast period of 2018-2026 owing to the increasing growth and adoption of LED in the region. For instance, in April 2018, the OSRAM Licht Group announced its partnership with the US state of Tennessee to increase the LED-based lighting retrofit projects in government facilities across the U.S. which holds a significant share in the economy of North America.
Owing to the increasing competition there are multiple players in the market. Some of the leading players in the global multi-function display are Rockwell Collins, BAE Systems, Northrop Grumman Corporation, Universal Avionics, Avidyne Corporation, Esterline Technologies Corporation, Honeywell Aerospace, Elbit Systems, Thales SA and Samtel Group.
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