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Multi-Function Display (MFD) Market Share

Report ID: GMI11808
Published Date: Oct 2024
Report Format: PDF

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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

Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

The global market size for multi-function display was valued at USD 19.5 billion in 2023 and is estimated to grow at a CAGR of over 8% from 2024 to 2032, driven by the increasing complexity of modern aircraft systems.

The electronic flight displays (EFD) segment is expected to register a CAGR of over 8% over the forecast period, driven by their use in replacing traditional analog instruments in modern cockpits.

North America dominated the global multi-function display industry in 2023, accounting for a share of over 35%, led by strong demand from the aerospace, defense, and automotive industries in the U.S.

Major players in the industry include 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, and Saab AB.