Press release
Growth Prospects and Key Trends in the Global Military Displays Market: Projecting a CAGR of 5.4% from 2024-2025
Global Military Displays Market
Deciphering the potent acceleration in the military displays market through driving factors, dominant players, and innovative technologies.
What Is The Projected Market Size Of The Global Military Displays Market And Its Growth Rate?
The military displays market has exhibited solid growth lately and continues to demonstrate progressive dynamics due to several underlying factors:
•The market size escalated from $1.23 billion in 2024 to $1.3 billion in 2025, reporting a CAGR of 5.4%. The historic growth is accredited to the surge in demand for rugged displays, soldier modernization, training and simulation systems, evolving cybersecurity concerns, and a marked increase in global defense expenditure.
•The market size is poised for robust growth in the forthcoming years, with an anticipated value of $1.62 billion expected by 2029 at a CAGR of 5.7%. The growth in the forecast period is attributed to the upswing in energy-efficient displays, a spike in unmanned systems, development in HMI, urban warfare and close quarters operations, and the advent of multi-function displays.
What Is Driving The Growth In The Military Displays Market?
A leading driver of the military displays market is the increased usage of drones in armed forces. Drones are being extensively used for reconnaissance, surveillance, and combat operations, thus escalating operational capabilities while minimizing risks to personnel. Military displays applied in drones provide operators with real-time visual information, hence enhancing situational awareness, target identification, and mission monitoring in times of reconnaissance, surveillance, and combat operations. Notably, as per a UK drone survey performed by the Civil Aviation Authority in May 2023, military use of drone users throughout the UK escalated to 48% in 2023 against the preceding 5 years. Therefore, the escalating use of drones in the armed forces is expected to drive the growth of the military display market.
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Who Are the Key Players Driving Military Displays Market Growth?
Driving the growth of the military displays market are numerous key players:
•BAE Systems PLC
•Lockheed Martin Corporation
•Thales Group
•L3Harris Technologies Inc.
•Elbit Systems Limited
•General Digital Corporation
•Aselsan AS
•Curtiss-Wright Corporation
•Advanced Embedded Solutions Limited
•Crystal Group Inc.
What Are The Key Trends In The Military Displays Market?
The key trends in the military displays market comprise:
•Integration of touchscreen technology
•Advancements in night vision display technology
•Transition to OLED and quantum dot displays
•Focus on cybersecurity in display systems
•Development of ruggedized and sunlight-readable displays
•Development of flexible and curved displays.
What Are The Segments Of The Global Military Displays Market?
The military displays market is segmented by:
•Type: Smart Displays, Conventional Displays
•Technology: LED, LCD, AMOLED, OLED
•Computer Display: Microdisplays, Small And Medium-Sized Panels, Large Panels
•End Market: Naval, Airborne, Land
Which Region Leads The Military Displays Market?
North America dominated the military displays market in 2024, followed by Europe as the second-largest region. Other regions covered in the military displays market report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Military Displays Market Global Market Report?
- Market Size Analysis: Analyze the Military Displays Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Military Displays Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Military Displays Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Military Displays Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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