Multi-function Display Market

The global multi-function display market is projected to expand at a substantial CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to the increasing technological developments in the display manufacturing industry and rising production of the improved display system.

A multi-function display generally refers to a small screen equipped with multiple soft keys, which can be used to display data to the user in several configurable ways. The multifunction display is an integral part of the glass cockpit of aircrafts. This type of display is extensively adopted by various industries such as aviation, military aircrafts, commercial aircrafts, shipboard, and automotive sector.
 

Get Free Sample Report

The multifunction display was firstly introduced in the aviation sector and was primarily adopted for military aircrafts. It was later used by commercial aircrafts, automotive sector, general aviation, and shipboard use due to its multifunctional benefits. Over the years, the multi-function displays were widely applied in large turbine aircrafts along with dedicated hazard awareness displays and moving map displays.

The multi-function display offers several functions by providing facilities such as engine operation information and Doppler weather radar images without onboard weather radar in displays. The introduction of multifunction LED displays plays a critical role for the expansion of the global multi-function display market. Continuous development in portable military great multi-function displays and electronic flight displays are significant factors for boosting the market. Various technological advancement including active-matrix liquid crystal display (AMLCD) and synthetic vision systems are contributing to fuel the market growth.

Multi-Function Display Market Trends, Drivers, Restraints, and Opportunities

• Increasing demand for advanced integrated systems solution across industries especially the aviation sector is anticipated to propel the market growth.
• Technological advancement that leads to innovative light emitting diodes (LEDs) and LCD multi-function displays present key drivers for the market.
• Rising adoption of the display for blue ocean strategies and military purposes is boosting the market growth significantly.
• Growing advancements in software architecture to improve the functions of the display is expected to raise the demand for multifunction displays in the coming years.
• Rising complications in the display system and the decline in defense budgets worldwide are likely to act key restraining factors that can hamper the market growth.
• Ongoing R&D activities for the development of advanced technology such as advancement of reflective micro-display technology are anticipated to present numerous opportunities for the expansion of market.

Scope of the Multi-Function Display Market Report

The report on the global multi-function display market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Multi-Function Display Market Segment Insights

Electronic flight display segment is anticipated to dominate the market

Based on devices, the market is divided into helmet mounted display (HMD), heads up display (HUD), and electronic flight display (EFD). The EFD segment is expected to dominate the market in the coming years owing to the rapid production of innovative integrated LED and LCD displays. EFD is a system which displays flight information electronically instead of electromechanically.

It comprises of components including heading indicator, turn indicator, altitude indicator, tachometer, and altimeter, which offer to pilots the exact data and information about weather, obstacles, altitude, and others. This critical information helps pilots to improve the safety and flying experience, thus, boosting the segment growth. However, the heads-up display (HUD) segment is projected to expand at a high CAGR during the analysis period owing to its increasing applications such as improved situational awareness facilities and gaining real-time location information.

LED segment is projected to account for a high market share

On the basis of displays, the multi-function display market is segmented into LED, LCD, active-matrix liquid crystal display (AMLCD), and organic light emitting diode (OLED). The LED segment is projected to account for a high market share in the coming years due to its rising usage in the manufacturing of displays as it offers several benefits including energy efficient, low power consumption, and great color rendering index.

On the other hand, the OLED segment is expected to register as the fastest-growing segment during the forecast period owing to several advantages including flexibility, improved image quality, and simpler design. The OLED-based technology allows users to receive clear image about targets, needs less maintenance, and can be adopted on various displays.

Land segment is anticipated to dominate the market

Based on end-users, the market is segregated into commercial, land, airborne, naval, and military. The land segment is anticipated to dominate the market during the forecast years owing to the increasing adoption of multi-function display for land-based defense purposes. However, the airborne segment is projected to account for a major share of the market in the coming years due to the rising demand for aircraft for both military and commercial use.

Get Free Sample Report

North America is anticipated to account a large market share

In terms of regions, the global multi-function display market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to represent a large market share in the coming years due to the early adoption of advanced technology for aircraft-based electronic products and growing demand for LED displays among a large population who are aware of energy conservation in this region.

Meanwhile, Europe is expected to exhibit a substantial growth rate owing to the increasing adoption of displays for military purposes in several countries in the region. On the other hand, the market in Asia Pacific is projected to expand at a robust CAGR in the coming years due to the rising defense spending among developing economies including India and China due to geo-political tensions in the region.

Segments

The global multi-function display market has been segmented based on

Devices

• Helmet Mounted Display (HMD)
• Heads Up Display (HUD)
• Electronic Flight Display (EFD)

Displays

• LED
• LCD
• Active-matrix Liquid Crystal Display (AMLCD)
• Organic Light Emitting Diode (OLED)

End-users

• Commercial
• Land
• Airborne
• Naval
• Military

Regions

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• Avidyne Corporation
• BAE Systems
• Elbit Systems
• Esterline Technologies Corporation
• Honeywell Aerospace
• Northrop Grumman Corporation
• Rockwell Collins
• Samtel Group
• Thales SA
• Universal Avionics

Competitive Landscape

Some major players competing in the global multi-function display market are Avidyne Corporation, BAE Systems, Elbit Systems, Esterline Technologies Corporation, Honeywell Aerospace, Northrop Grumman Corporation, Rockwell Collins, Samtel Group, Thales SA, and Universal Avionics. These leading market players are using strategies including merges, acquisition, new launches, and product development to build their strong position in the market.

For instance, Osram Licht, a major lighting solutions company announced in April 2018 that it started collaborated with the US state of Tennessee to enhance LED-based lighting retrofit projects in government services over the state. Such advancements in LED-based contributions are projected to have positive impact on the multi-function display market.

In November 2020, Collins Aerospace Systems has introduced Panorama HiLite, a new solid mirror display system that offers high accuracy, lightweight body structure, and an increased 300-degree field of view (FOV) for side-by-side staff training. Panorama HiLite provides the users a flexibility to select the right configuration for their specific training requirements, which leads to minimized setup time as well as minimal maintenance since it is motion and modular capable.