Multi Functional Display Size shall reach a value of $xx Million in 2028, growing with a CAGR of 9.1% during the forecast period of 2021 to 2028.
Multi Functional Display Market Market Growth and Trends
The global multifunctional display market or the MFD market presently holds a market value of US$ 15060 million in 2020 and is expected to grow at a CAGR of 9.10% to a projected market value of US$ 25,400 million by 2025. The increasing digitalization is the major driving factor behind the growth of the MFD market.
The rising urbanization has resulted in emerging economies with higher disposable incomes. This has significantly increased the penetration of smart appliances and personal computers in the market. The increasing screen-time among the end-users has raised the need for advanced and high performing displays. This acts as the major contributing factor to the market growth of the MFD market. The growing need for flexibility in displays coupled with efficient technological advancements has positively affected the MFD market growth.
The vast range of applications in various industry verticals focused on utilizing MFD has boosted the growth of the MFD market. The aerospace industry is the highest contributor to the MFD market by occupying 46% of the MFD market share. The increase in the number of aircraft orders with advanced surveillance capabilities has witnessed surging growth in the MFD market. The increasing threat of terrorism has raised the investments made on the air-borne armed forces by several Governments which further propel the MFD market forward. The development of all-glass cockpits fitted with MFD for enhanced safety and better air navigation is expected to fuel the MFD sales.
The electronic flight display (EFD) dominated the MFD market share in 2018 and is expected to exhibit the highest CAGR by 2025. The heads-up display (HUD) is expected to hold a large share of the MFD market by 2025. The advancing display technologies such as LED and OLED are bolstering the demand for the MFDs. The LED segment held the maximum market share of the MFD market in 2018. The OLED segment is expected to witness the most growth by 2025, while the LCD segment is forecasted to exhibit a moderate growth rate by 2025.
The advancing technology rendered by the highly invested R&D sector is projected to increase the demand for MFDs in the future. The competent marketing strategies employed by the top market players to provide highly efficient and advanced MFds at low prices are expected to fuel the market growth further.
Multi Functional Display Market Industry Regional Analysis
Multi Functional Display Market Market Research Report Scope/Definition
Multi Functional Display Market Market Share and Competition Key companies operating in this industry are: United Technologies Corporation (US) ; Saab AB (Sweden) ; BAE Systems (UK) ; Thales Group (France) ; Garmin Ltd (US) ; Barco (Belgium) ; FLIR Systems (US) ; Northrop Grumman Corporation (US) ; Honeywell International, Inc. (US) ; Lockheed Martin Corporation (US) ; Esterline Technologies Corporation (US) ; Avidyne Corporation (US) ; Aspen Avionics, Inc. (US) ; Elbit Systems Ltd. (Israel) ; Astronautics Corporation of America (US) ; SAMTEL GROUP (India) ; IRTS (France) ; and Raytheon Company (US)
Multi Functional Display Market Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
System Analysis (Revenue, USD Million, 2021 - 2028)
• Electronic Flight Display(EFD)
• Heads-Up Display (HUD)
• Helmet-Mounted Display(HMD)
• Portable and Flexible Multi-Functional Display
Platform Analysis (Revenue, USD Million, 2021 - 2028)
• Land
• Airborne
• Naval
Technology Analysis (Revenue, USD Million, 2021 - 2028)
• LED
• OLED
• LCD
• AMLCD (Active- Matrix Liquid Crystal Display)
• TFT(Thin Film Transistor)
• Synteic Vision
Region Analysis (Revenue, USD Million, 2021 - 2028)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Multi Functional Display Market Industry Companies
• United Technologies Corporation (US)
• Saab AB (Sweden)
• BAE Systems (UK)
• Thales Group (France)
• Garmin Ltd (US)
• Barco (Belgium)
• FLIR Systems (US)
• Northrop Grumman Corporation (US)
• Honeywell International, Inc. (US)
• Lockheed Martin Corporation (US)
• Esterline Technologies Corporation (US)
• Avidyne Corporation (US)
• Aspen Avionics, Inc. (US)
• Elbit Systems Ltd. (Israel)
• Astronautics Corporation of America (US)
• SAMTEL GROUP (India)
• IRTS (France)
• Raytheon Company (US.
Available Versions of Multi Functional Display Market Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report
