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Multi-Function Display (MFD) Market Trends

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

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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.

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.