Aircraft Multi-Function Display Market Poised for Robust Growth, forecasted to Expand at 8.76% CAGR from 2024-30
MarkNtel Advisors has released its latest report highlighting strong growth in The Global Aircraft Multi-Function Display Market size is estimated to grow at a CAGR of around 8.76% during the forecast period, i.e., 2024–30.
Report Coverage
This report offers a comprehensive analysis of the Aircraft Multi-Function Display Market, providing valuable insights across historical trends, current dynamics, and future forecasts.
- Base Year: 2023
- Forecast Years: 2024-30
- Historical Years: 2019-22
Aircraft Multi-Function Display Market Overview
The global demand for multi-functional displays (MFDs) in aircraft is on the rise due to several factors that collectively enhance safety, efficiency, and overall operational capabilities. One primary driver is the increasing complexity of modern aircraft systems, necessitating advanced display solutions to consolidate and present crucial information to pilots in a comprehensible manner. MFDs offer a consolidated platform that integrates various functions, such as navigation, communication, surveillance, and system monitoring, streamlining the pilot's workflow and reducing the cognitive load.
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Aircraft Multi-Function Display Market Segmentation Outlook
The Aircraft Multi-Function Display is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By System
- Electronic Flight Displays
- Head-Up Displays
- Helmet Mounted Displays
By Technology
- Light-emitting-diode (LED)
- Liquid-Crystal Display (LCD)/ Active-Matrix Liquid-Crystal Display (AMICD)
- Thin-film-transistor (TFT)
- Organic Light-Emitting Diode (OLED)
- Cathode-Ray Tube (CRT)
By End User
- Defense
- Commercial
- General Aviation
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Aircraft Multi-Function Display Market Opportunity
Increasing Air Travel Demand for Business & Tourism Purposes to Create Notable Opportunities – The burgeoning demand for air travel worldwide is propelling the expansion of commercial airline fleets globally. This surge is driven by economic growth, globalization, and the increasing disposable incomes of the population. According to the Airports Council International, passenger traffic worldwide is expected to reach 19.3 billion in 2041. Thus, to cater to the anticipated air travel needs in the upcoming years, several airlines, such as Egypt Cargo, Air India, etc., are increasingly laying down budgets for newer commercial aircraft fleet additions.
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Top Aircraft Multi-Function Display Market Brands & Their Strategic Market Positioning
MarkNtel Advisors Research identifies Avidyne, BAE Systems, Lockheed Martin Corporation, Thales, Elbit Systems Ltd., L3 Harris Technologies Inc. , Honeywell International Inc., Astronautics Corporation of America, Genesys Aerosystems, Collins Aerospace, Mercury Systems Inc., Advanced Embedded Solutions, Thomas Global Systems, BendixKing, Others as key players shaping the market landscape.
Aircraft Multi-Function Display Market News
- 2023: Avidyne received a contract from VoltAero for the development and supply of avionics to equip the electric-hybrid Cassio 330 of VoltAero. As part of this, the Cassio 330 will be equipped with a glass cockpit incorporating Avidyne’s new-generation Quantum 14-inch displays in a dual Primary Flight Display/Multi-function Display (PFD/MFD) configuration.
Key Questions Answered in the Report
- What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
- How the industry has been evolving, and which segments would dominate the market during the forecast period?
- What are the key opportunity areas that companies foresee in the coming years 2030?
- Who are the key players in the market, and what are their competitive strengths?
- What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?
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