Global Multi-function Display Market Share, Growth Drivers, Trends and Forecast to 2028

Author: Elena Anderson

Marketing Manager

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Global Multi-function Display Market Outlook 2023-2028 :

According to the latest report by IMARC Group, titled "Multi-function Display Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the globalmulti-functiondisplaymarketsize reached US$ 16.4 Billion in 2022.

A multi-function display (MFD) refers to a small screen that is designed to show a large number of different information and performance results to the user in various configurable ways. It consists of multiple configurable buttons or soft keys for display purposes. It is an avionic device that is used to manage and display information, such as the aircraft’s engine, navigation, and flight functions. MFDs display various information, including altitude, airspeed, vertical speed, heading, navigation data, weather information, and engine and system status. Some MFDs are also equipped with GPS and can display maps and charts, making it easier for the pilot to navigate and plan routes. It is often integrated with other avionics systems and can provide alerts and warnings when necessary. As a result, it is widely adopted in military aircraft, aviation, automotive, commercial aircraft, and shipboard.

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Global Multi-function Display Market Trends:

The rising adoption of multifunction displays in the aviation industry is driving the global market. This can be attributed to the escalating demand for improved components of glass cockpits and advanced primary flight displays (PFD) in aircraft. Along with this, the rapid utilization of digital displays in the automotive industry is further catalyzing the market as it is widely used in modern car dashboards to provide drivers with a wealth of information in a single display, such as speed, fuel consumption, and navigation data. In line with this, the expanding usage of MFDs in marine applications, including fishing boats, commercial vessels, and pleasure craft to provide users with important data, such as water depth, fish location, and weather information, is augmenting the demand.

Moreover, continuous developments in synthetic vision systems (SVS) that create virtual 3D images of terrain, and traffic information displays, are providing a boost to the market. Apart from this, the rising initiatives by the governments of several countries for the development of smart cities facilitating LEDbased lighting retrofit projects are creating a positive market outlook. The market is further driven by the increasing adoption of multiple-function displays for ground control stations due to the growing illegal immigration on borders. Other factors, including a considerable rise in the demand for surveillance devices and extensive research and development (R&D) activities conducted by the leading players, are also influencing the market.

Report

Description Report Description and Highlights

On account of the aforementioned factors, the market is anticipated to reach a value of US$ 27.8 Billion by 2028, exhibiting a growth rate (CAGR) of 9.0% during 2023-2028.

View Report TOC, Figures and Tables:

https://www.imarcgroup.com/multi-function-display-market/toc

Key Market Segmentation:

The report has segmented the global Multi-function Display market on the basis of type, component, deployment mode, organization size and vertical.

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

Report Description Report Description and Highlights

• 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

Report Description Report Description and Highlights

• Middle East and Africa

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Competitive Landscape With Key Players:

The competitive landscape global Multi-function Display market has been studied in the report with the detailed profiles of the key players operating in the market.

• Aspen Avionics Inc.

• Astronautics Corporation of America

• Avidyne Corporation

• 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.)

Key Questions Answered in the Report

Report Description

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?

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Report Description Report Description and Highlights

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