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Multi-Function Display (MFD) Market Size

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

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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.

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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.

Multi-Function Display Market Report Attributes
Report Attribute	Details
Base Year:	2023
Multi-Function Display Market Size in 2023:	USD 19.5 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	8%
2032 Value Projection:	USD over 40 billion
Historical Data for:	2021 - 2023
No. of Pages:	300
Tables, Charts & Figures:	280
Segments covered:	Type, Technology, Platform, Application, End-use Industry
Growth Drivers:	Rising demand for advanced cockpit displays in aviation Technological advancements in display technologies Increasing use in defense and military applications Growth of marine and industrial automation applications
Pitfalls & Challenges:	High development and maintenance costs Technological limitations and reliability concerns

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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.

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.