Global Multi-Function Display (MFD) Market – Industry Analysis and Forecast (2019-2027)

Global multi-function display (MFD) market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 9.12% during the forecast period.

Global Multi-Function Display (MFD) Market

The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report, and the same is reflected in our analysis.

Market Definition

A multifunction display (MFD) is a small screen that is designed to display 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 purpose. It is an avionic device which is used to manage and display information such as aircraft’s engine, navigation, flight and other functions.

Market Dynamics

A rising adoption of multi function display in aviation industry such as in commercial aircraft, military aircraft, and general aviation and for shipboard use and automotive use is the major driving factor behind the growth of the market. Growing production of commercial and military aircrafts, rising investment by the government in aviation industry, ongoing improvements in display technology, rising need to enhance systems efficiency, rapid growth in LED display technology, escalating demand for display screens with pilot friendly graphics and increasing adoption of smart wearable display devices are expected to improve growth of the market during the forecast period.

However, complexity of the system design, concerns regarding product life cycle and need for additional training are the major restraining factors that could hamper the growth of the market.

Global Multi-Function Display (MFD) Market: Segmentation Analysis

By platform, airborne segment dominated the market in 2019 and is projected to witness high growth at a CAGR of XX% during the forecast period. MFD is the major component of the digital era of modern helicopter and planes. A surge in the adoption of multi function display technology and devices in military and commercial aircrafts to allow pilots to display their moving map, navigation route, weather radar, airport information, traffic collision avoidance system and ground proximity warning system all on the same screen is accredited to the growth of the market. Moreover, MFDs provide some major benefits such as need for small space in the cockpit and representation of data on multiple pages are ultimately propelling the growth of the market.

By system, electronic flight display (EFD) segment dominated the market in past few years and is expected to keep its dominance at a steady CAGR of XX% during the forecast period. An EFD is a cockpit instrument display system that is used to display flight data or information electronically instead of electromechanically. The EFD is consists of components such as altimeter, altitude indicator, heading indicator, tachometer and turn indicator and are used to display pilots an accurate information such as obstacles, weather and altitude. In addition, it also displays the information regarding aircraft systems such as electrical systems and fuel which is expected to impel market growth in the coming years.

Alternatively, head-up displays and helmet-mounted displays segments are projected to witness high growth at a CAGR of XX% during the forecast period. Head-up display is an electronic transparent display that enables user to observe what is shown on the display screen while still being able to see through it. Head-up display technology displays all kinds of information which is required for user, it monitors and controls the vehicle performance and speed, it shows real-time data, it provide cost effective display solution, these benefits ultimately impelling the market growth. High adoption of HUDs in automotive cars, rising demands for mid-sized and high-end luxury vehicles and continuous introduction of advanced ADAS technology based vehicles are likely to thrust growth of market in forecast period.

Global Multi-Function Display (MFD) Market: Regional Analysis

Region-wise, North America dominated the market in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. The US and Canada are the major contributors behind the growth of the market in the region. The growth is attributed to the high adoption of multi function displays in military, business and commercial aircrafts across the region.

A surge in the adoption of different safety management systems and devices in aircrafts, rising government initiatives and investments in military and commercial aviation industry, increasing adoption of stringent government regulations concerning safety of pilot and passengers, growing adoption of multifunction display in automotive vehicles and rising activity of air transportation across the globe are driving the growth of the market in NA region.

The objective of the report is to present a comprehensive analysis of the Global Multi-Function Display (MFD) Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Multi-Function Display (MFD) Market dynamics, structure by analyzing the market segments and projects the Global Multi-Function Display (MFD) Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Multi-Function Display (MFD) Market make the report investor’s guide.

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Scope of Global Multi-Function Display (MFD) Market

Global Multi-Function Display (MFD) Market, By Platform

• Land
• Airborne
• Naval
Global Multi-Function Display (MFD) Market, By System

• Electronic Flight Displays
• Head-up Displays
• Helmet-Mounted Displays
• Portable and Flexible Multi-function Displays
Global Multi-Function Display (MFD) Market, By Technology

• Synthetic Vision
Global Multi-Function Display (MFD) Market, By Region

• North America
 US
 Canada
• Europe
 UK
 France
 Germany
 Italy
 Spain
 Norway
 Russia
• Asia Pacific
 China
 India
 Japan
 South Korea
 Australia
 Malaysia
 Indonesia
• South America
 Brazil
 Mexico
 Argentina
• Middle East and Africa
Global Multi-Function Display (MFD) Market, Key Players

• United Technologies Corporation
• Saab AB
• BAE Systems
• Thales Group
• Garmin Ltd
• Barco
• FLIR Systems
• Northrop Grumman Corporation
• Honeywell International, Inc
• Lockheed Martin Corporation
• Esterline Technologies Corporation
• Avidyne Corporation
• Aspen Avionics, Inc
• Elbit Systems Ltd
• Astronautics Corporation of America
• Raytheon Company
• XX
• XX

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