Aircraft Multi-Function Display Market Size, Growth and Demand by 2023-2030

The global aircraft multi-function display market size is expanding significantly due to growing application in glass cockpits. These displays allow the flight crew to select different pages from different chapters that provide display information from different aircraft systems.  The widening range of technologies available for military and commercial aircraft will drive the market growth. Fortune Business Insights presents this information in its report titled "Aircraft Multi-Function Display Market, 2023-2030".    

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A multi-function display (MFD) provides information sensed from a variety of aircraft systems. It serves as the backup or fail-down display for the PFD. The technology allows access to important parameters provided by the installed aircraft systems and prevents the need for a separate display for each system.  

Market Segments: 

Based on system type, the market is classified into a heads-up display, electronic flight display, and helmet-mounted display.

According to application type, the market is segmented into commercial, general aviation, and military.

In terms of technology type, the market is broken down into LED, CRT, OLED, and LCD.

Region-wise, the market is segregated into North America, Asia Pacific, Europe, and the Rest of the World.

Report Coverage:

The report offers:

Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
Comprehensive insights into the regional developments.
List of major industry players.
Key strategies adopted by the market players.
Latest industry developments such as product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints:

Advanced Technologies for Commercial and Military Aircraft to Boost Aircraft MFD Adoption     

Aircraft multi-function display market growth is expanding significantly due to the growing demand for aircraft equipped with glass cockpits. The wide range of technologies available for both military and commercial aircraft will augment the market growth substantially.

On the contrary, the high cost associated with repairs and replacement of aircraft MFD components could limit the technology adoption slightly. Additionally, the complexity of system design may require additional training.

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Regional Insights:      

Presence of Key Players in North America to Augment Regional Share

North America is expected to dominate the aircraft multi-function display market share due to the presence of key players such as Honeywell Corporation and Rockwell. In addition, the growing adoption of multi-function displays in commercial aircraft and military across the region will strengthen the regional outlook.   

Europe will witness significant growth due to the presence of prominent multi-function display manufacturers such as BAE Systems and Thales Group in the region.

Asia Pacific could grow at the highest CAGR during the forecast period. China, India, and Japan are slated to create promising opportunities for market players owing to the rising number of air passengers in this region.

The Middle East will record notable growth owing to the presence of potential buyers such as Qatar, Emirates, and Etihad.

Competitive Landscape: 

Key Players are Introducing New Solutions to Bolster Portfolio  

Leading players in the market are adopting various strategies to increase their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting new installations to strengthen their portfolio.  

Notable Industry Development:   

November 2020 - Duncan Aviation installed the Garmin G1000 Nxi advanced flight decks in its King Air 350 aircraft. The new flight deck is equipped with two large 10.4-inch primary flight displays with a synthetic vision along with a 15-inch multifunction display. The display shows moving map, traffic, weather, digital engine gauges, and other important flight-related data.                    

The Report Lists the Key Players Profiled in the Market Report:        

United Technologies Corporation (U.S.)
BAE Systems (U.K.)
Thales Group (France)
Universal Avionics Systems (U.S.)
Saab AB (Sweden)
Garmin Ltd (U.S.)
LX navigation (Slovenia)
Barco (Belgium)
FLIR Systems (U.S.)
Honeywell Corporations (U.S.)
Astronautics Corporation of America (U.S.)
Aspen Avionics, Inc. (U.S.),
Rockwell Collins (U.S.)
Elbit Systems Ltd. (Israel)
Becker Avionics (U.S.)
Sandel Avionics (U.S.)
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This release was published on openPR.