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A multi-function display (MFD) presents information sensed from a variety of aircraft systems. By allowing you to view important parameters provided by any one or combination of the installed systems, the MFD prevents the need for a separate display for each system. The Aircraft MFD market has witnessed a high demand for Multi-Function Display units in recent years owing to, increasing need for system efficiency, and increasing aircraft orders. The prominent market players are investing in technological advancements to increase their market share in terms of revenue. The Multi-function display market projected a significant growth rate due to the need for technology advancements in cockpit systems and this need for advancements is expected to propel the market during the forecast period.
Some of the most significant factors of the multi-function display in glass-cockpits are: The MFD allows the flight crew to select different pages from different chapters that display information provided by various aircraft systems, the MFD serves as the backup or fail down display for the PFD. This allows flight crews to derive the relative position information required to perform, comprehend lateral flight planning, and guidance
Key Market Driver -
• Rising demand of Aircrafts equipped with glass cockpits. • The range of technologies available for both commercial and military aircrafts
Key Market Restraint -
• The high cost for Repairs and may lead to replacement of the component. • Complexity of system design might create a need for addional training
The market is segmented by system, application, payload, technology, and region.
Based on the systems the aircraft's multi-function display market is segmented into electronic flight display, heads-up display, and helmet-mounted display. The heads-up display segment is expected to dominate the market owing to its numerous functional abilities that guide the pilot for safe flight decision-making. Based on application, the aircraft multi-function display market is segmented into commercial aircraft, military aircraft, and general aviation aircraft. The commercial segment is anticipated to dominate the market owing to an increase in air passenger traffic. Based on technology, the aircraft's multi-function display market is bifurcated into LED, OLED, LCD, and CRT. The LED segments dominate the market due to the adoption of LED displays in new generation aircraft owing to its ability of low power consumption.
The key players in the global Aircraft Multi-Function Display market are: United Technologies Corporation (The U.S.), BAE Systems (The U.K.), Thales Group (France), Universal Avionics Systems (The U.S.), Saab AB (Sweden), Garmin Ltd (The U.S.), LX navigation (Slovenia), Barco (Belgium), FLIR Systems (The U.S.), Honeywell Corporations (The U.S.), Astronautics Corporation of America (The U.S.), Aspen Avionics, Inc. (The U.S.), Rockwell Collins (The U.S.), Elbit Systems Ltd. (Israel), Becker Avionics (The U.S.), and Sandel Avionics (The U.S.) among others
The Aircraft Multi-Function Display market has been segmented into North America, Europe, Asia Pacific, and the rest of the world. North America is expected to dominate the market owing to the presence of key players such as. Rockwell Collins and Honeywell Corporations. Moreover, the growth of the market in the region is attributed to the high adoption of multi-function displays in military and commercial aircraft across the region. The market in Europe is expected to grow moderately owing to the presence of prominent Multi-Function Display manufacturers such as Thales Group and BAE systems are expected to drive the market growth in this region. The market in the Asia-Pacific region is projected to register the highest CAGR during the forecast period. Countries such as China and Japan are likely to remain the major players in this region, whereas India, due to its rapid growth in the commercial aircraft sector, this country is emerging as the fastest-growing market over the same period. The Middle East consists of some potential buyers like Emirates, Qatar, Etihad, and many more emerging airlines are the major player in making the global Aircraft Multi-Function Display market grow during the forecast period.
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