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Cockpit Display Market Trends

Report ID: GMI9442
Published Date: May 2024
Report Format: PDF

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Cockpit Display Market Trends

The expanding aviation sector has sparked significant improvements in cockpit display, reflecting a trend toward increased efficiency, safety, and pilot experience. Cockpit displays have evolved from traditional analog gauges to sophisticated multifunctional displays (MFDs) and glass cockpits, leveraging cutting-edge technologies such as LCD, OLED, and touchscreen interfaces. The need to upgrade and modernize existing aircraft fleets is one of the main factors propelling the growing cockpit display industry. In order to meet regulatory standards, increase fuel efficiency, and save maintenance costs, airlines are investing in retrofitting older aircraft with modern avionics equipment.

Furthermore, the development of next-generation aircraft, such as unmanned aerial vehicles (UAVs) and electric variants, is driving innovation in cockpit display technology. These aircraft frequently rely on sophisticated digital displays for remote monitoring, autonomous navigation, and real-time data visualization. In addition, the increased focus on pilot training and situational awareness increases the use of sophisticated cockpit display solutions. Integrated displays offer pilots with thorough information regarding weather conditions, flight parameters, traffic awareness, and terrain mapping, thereby improving safety and operational efficiency. Hence, the requirement for improved operational capabilities, regulatory compliance, and pilot proficiency in the aviation sector is boosting the growth of the market globally.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Industry size for cockpit display was worth over USD 9 billion in 2023 and is projected to expand at over 6.1% CAGR from 2024 to 2032, owing to the advancements in avionics technology, increasing demand for modern aircraft, and the rising focus on enhancing pilot situational awareness.

The less than 5 inches display segment in the cockpit display industry is estimated to expand at over 6.9% CAGR from 2024 to 2032, owing to their wide use to communicate additional data including backup instrumentation, secondary navigation data, or system monitoring.

The driver-assist cockpit display type in the cockpit display industry is projected to account for over 58% CAGR between 2024 and 2032, due to their ability to offer real-time data, alarms, and visual cues to enhance decision-making during aircraft or vehicle operations.

North America industry accounted for over 33% market share in 2023 and is estimated to depict substantial gains between 2024 and 2032, on account of the constant investments in automotive and aerospace R&D and manufacturing sectors.