Multi-Function Display (MFD) Market - By Type, Technology, Platform, Application, End-use Industry & Forecast, 2024 - 2032

Multi-Function Display Market Size

The global multi-function display market was valued at USD 19.5 billion in 2023 and is estimated to grow at a CAGR of over 8% from 2024 to 2032.
 

The increasing complexity of modern aircraft systems, both commercial and military, is driving the adoption of multi-function displays (MFDs). These displays consolidate information from various flight and navigation systems into a single interface, improving pilot situational awareness, reducing workload, and enhancing safety. The growing trend towards next-generation avionics and cockpit digitization is a key growth drive for MFDs in the aviation sector.
 

Technological progress, such as the development of high-resolution, touchscreen, and ruggedized displays, is fueling the demand for MFDs across various industries. New materials like OLED (Organic Light Emitting Diodes) and innovations in touch sensitivity, brightness, and durability are making MFDs more efficient and user-friendly, expanding their applications in sectors like defense, automotive, and marine.
 

For instance, in May 2024, Furuno launched a new series of multi-function displays specifically designed for commercial vessels. The displays offer high-resolution screens, integrated radar capabilities, and customizable interfaces to meet the needs of maritime professionals.
 

Multi-Function Display Market Trends

One of the most prominent trends in the MFD market is the growing adoption of advanced cockpit displays in the aviation industry. With the rise of next-generation aircraft and a focus on digital flight instrumentation, MFDs have become essential for modern cockpit designs. These displays offer pilots an integrated view of critical flight information, reducing clutter and enhancing situational awareness. Additionally, commercial airlines and military aircraft are increasingly incorporating MFDs as part of broader avionics modernization efforts, driven by the need for improved navigation, communication, and flight safety.
 

The automotive sector is witnessing rapid advancements in infotainment and driver assistance technologies, significantly contributing to multi-function display market growth. With the rise of electric vehicles (EVs) and autonomous driving systems, there is a growing need for digital dashboards, touchscreen interfaces, and heads-up displays that integrate navigation, entertainment, and vehicle status data. Consumers are demanding more intuitive and feature-rich displays to improve their driving experience, pushing automakers to integrate MFDs in both luxury and mid-tier vehicles. This trend is expected to accelerate as the automotive industry continues its shift towards connected and autonomous cars.
 

In industrial automation, MFDs are increasingly being used to monitor and control complex processes in real-time. As factories and plants transition towards Industry 4.0, the need for smart, interconnected displays that facilitate machine-to-human interaction is rising. MFDs offer operators enhanced control, enabling them to monitor multiple processes and adjust settings with a single interface. Similarly, the marine industry is incorporating MFDs for navigation, radar, and communication systems in both commercial vessels and recreational boats. These displays provide a centralized control hub for navigation and safety, enhancing operational efficiency and decision-making in the maritime sector.
 

Multi-Function Display Market Analysis

Despite growing demand, the development and maintenance costs of advanced MFDs can be prohibitively high. The integration of new display technologies, safety certifications (particularly in aerospace and defense), and customization for different industries add to the expense. This can be a barrier for smaller manufacturers or industries with tight budget constraints.
 

Based on type, the market is divided into electronic flight displays (EFD), heads-up displays (HUD), and portable MFDs. The electronic flight displays (EFD) segment is expected to register a CAGR of over 8% over the forecast period.
 

• Electronic flight displays (EFD) are a key segment within the Multi-Function Display (MFD) market, commonly used in modern cockpits to replace traditional analog instruments.
   
• EFDs consolidate critical flight data such as altitude, speed, heading, and navigation information into a digital format on a single or multiple screens. They enhance situational awareness by providing real-time, integrated data that helps pilots make informed decisions more efficiently.
   
• The growth of EFDs is driven by the demand for next-generation aircraft, increasing emphasis on flight safety, and the need to comply with stringent aviation regulations. Both commercial and military aviation sectors are adopting EFDs due to their capability to improve flight efficiency, reduce pilot workload, and offer better flight management systems.

Based on platform, the multi-function display market is divided into land-based, air-based, sea-based. The land-based segment is projected to account for USD 18 billion by 2032.
 

• The land-based segment in the Multi-Function Display (MFD) market primarily serves sectors like defense, automotive, and industrial vehicles. In defense, land-based MFDs are integrated into military vehicles such as tanks, armored personnel carriers, and command centers, where they provide real-time data on navigation, communication, and battlefield conditions.
   
• In the automotive sector, MFDs are increasingly found in both consumer and commercial vehicles, offering information on vehicle diagnostics, navigation, and entertainment systems.
   
• The growing adoption of electric vehicles (EVs) and advanced driver-assistance systems (ADAS) is boosting the demand for high-tech MFDs in cars and trucks. In industrial settings, MFDs are used for real-time monitoring of heavy machinery and transport systems, improving operational efficiency and safety.

North America dominated the global multi-function display market in 2023, accounting for a share of over 35%. North America remains a dominant player in the MFD market, led by strong demand from the aerospace, defense, and automotive industries in the U.S. The region has a well-established aerospace sector, with leading aircraft manufacturers and defense contractors investing heavily in advanced cockpit displays, which has bolstered the MFD market. The automotive sector is also a major contributor, especially with the growing focus on electric vehicles, smart dashboards, and autonomous driving technologies. North America's focus on innovation and the high level of industrial automation across various sectors further support the region's demand for MFDs. In addition, the U.S. defense sector, with its emphasis on modernization, continues to be a significant driver for the use of MFDs in military applications.
 

U.S. multi-function display market is propelled by strong demand from the aviation, defense, and automotive industries. The country’s dominance in aerospace, both commercial and military, fuels the extensive use of MFDs in next-generation aircraft and drones. The U.S. military's focus on modernization, including integrating advanced MFDs into fighter jets, tanks, and naval vessels, is a key growth driver. Furthermore, the U.S. automotive market, with its push towards electric vehicles and smart cars, is embracing digital dashboards and touchscreen MFDs, particularly as consumers demand more intuitive and connected driving experiences.
 

Japan multi-function displays is the significant market, particularly in vehicles. With Japanese manufacturers at the forefront of electric vehicle (EV) development, there is a growing demand for advanced infotainment and driver-assistance systems that rely on MFDs. Japan is also heavily invested in aerospace and defense, where MFDs are becoming crucial components in the country's fleet of modern aircraft and defense systems. Additionally, Japan’s highly automated industrial sector is incorporating MFDs into control systems to boost efficiency and precision.
 

China multi-function display market is experiencing rapid growth driven by its booming aviation, automotive, and industrial automation sectors. The country’s massive investments in aerospace, both civil and military, have led to increased demand for advanced cockpit displays. In the automotive sector, the rise of domestic electric vehicle manufacturers and the government's push towards smart and autonomous vehicles are contributing to the adoption of MFDs. China’s growing focus on industrial automation and smart manufacturing also presents significant opportunities for MFDs in monitoring and control systems.
 

South Korea’s multi-function display industry is the stronghold in the automotive and electronics sectors positions it as an important market. The country is home to major automotive manufacturers that are leading the development of electric and autonomous vehicles, driving the demand for digital dashboards and touchscreen interfaces. South Korea also has a growing aerospace and defense sector, with local manufacturers increasingly incorporating MFDs into aircraft and military vehicles. Additionally, South Korea’s industrial automation initiatives, particularly in electronics and manufacturing, are further supporting the demand for MFDs in process control and monitoring systems.
 

For instance, in September 2024, Garmin announced the launch of its latest multi-function display, the GPSMAP 8600 series, designed for marine applications. The new displays feature improved touchscreen technology, enhanced visibility in bright sunlight, and advanced navigation capabilities tailored for boaters and marine enthusiasts.
 

Multi-Function Display Market Share

The multi-function display (MFD) market is highly competitive, with players vying on several key factors including product innovation, technology integration, pricing, and differentiation. Companies like Garmin Ltd., Honeywell International Inc., and Rockwell Collins compete by offering cutting-edge displays with enhanced functionality, such as higher resolution, touchscreens, and advanced user interfaces. Product differentiation is crucial, as companies look to provide unique features tailored for specific industries like aerospace, defense, and automotive.
 

Pricing plays a significant role, particularly in the defense and aviation sectors, where cost-effective solutions can secure large contracts. Distribution capabilities are also key, with companies competing on their ability to supply and maintain global networks, ensuring quick delivery and aftermarket support. Additionally, firms must stay ahead by investing in R&D to keep pace with technological advancements like augmented reality and advanced sensor integration, further intensifying competition.
 

Multi-Function Display Market Companies

Major players operating in the industry are:

• Aspen Avionics, Inc.
• Astronautics Corporation of America
• Avidyne Corporation
• BAE Systems
• Barco N.V.
• Collins Aerospace
• Elbit Systems
• Esterline Technologies
• FLIR Systems
• Garmin Ltd.
• Honeywell International Inc.
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Rockwell Collins
• Saab AB
   

Multi-Function Display Industry News

• In Jaunary 2024, Simrad unveiled its NSX series of multi-function displays aimed at recreational boaters. The NSX features a user-friendly interface, advanced sonar capabilities, and seamless integration with other onboard systems for a comprehensive boating experience.
   
• In November 2023, Navico announced a partnership with several marine electronics retailers to promote its range of multi-function displays through special offers and bundled packages. This collaboration aims to increase customer awareness and drive sales in the marine electronics market.
   

This multi-function display market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD million) & volume (million) from 2021 to 2032, for the following segments:

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Market, By Type

• Electronic Flight Displays (EFD)
• Heads-up Displays (HUD)
• Portable MFDs

Market, By Technology

• LED
• LCD
• OLED
• TFT
• Others

Market, By Platform

• Land-based
• Air-based
• Sea-based

Market, By Application

• Navigation
• Surveillance
• Communication
• Weather monitoring
• Others

Market, By End-use industry

• Aviation
  • Commercial aviation
  • Military aviation
  • General aviation 
• Automotive
  • Passenger cars
  • Commercial vehicles
• Marine
  • Commercial ships
  • Military ships
• Defense
  • Ground vehicles
  • Naval vessels

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa