Unsaturated Polyester Resins Market

Raytheon Technologies (US), Lockheed Martin (US) and BAE Systems (UK) are Market Leader in Military Displays Market

Any display used by soldiers or mounted on vehicles or in military sites for training, simulation, or intelligence and surveillance is referred to as a military display. Displays are used by businesses like as manufacturing, the military, and others to monitor their operations and other material. These displays find their applications across land, aircraft, and naval operation.

Rugged displays are becoming increasingly popular in the military because of their great resistance to dust penetration and scratches caused by external factors. Rugged displays are recognized for their robustness since they are neither easily broken or too delicate to handle in the harsh environments of the industrial, commercial, or military industries.

The global military displays market is forecasted to grow from USD 1.1 billion in 2021 to reach USD 1.4 billion by 2026, at a CAGR of 4.9% during the forecast period. The Military Displays Market is going to be driven by the effects of defense spending and the technological developments made with respect to the display. Rising Geopolitical tensions and border disputes specially in Asian countries is another driver for military displays product.

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Agreements, collaborations, new product developments and launches, contracts, acquisitions are among some of the key strategies adopted by the leading market players to strengthen and sustain their position in the military displays market. In 2021, defense budgets and revenues for defense contractors are expected to remain largely stable, as military programs and continue to be critical to national defense, especially considering geopolitical tensions. Global defense spending is expected to grow about 2.8% in 2021, crossing the USD 2 trillion mark. Countries across the globe continue to spend on strengthening their militaries as geopolitical tensions intensify despite the global pandemic.

Key players such as Raytheon Technologies (US), Lockheed Martin (US), and BAE Systems (UK) are constantly investing in R&D to develop lightweight, power efficient, and highly resolution military display systems. The military displays are also tested to withstand harsh conditions, high vibration, and shock as well as anti-interference systems like EMI and EMF equipment.

RAYTHEON TECHNOLOGIES (US):

Raytheon technology is an America based conglomerate of multinational aerospace and defense service providing companies. Its research, manufactures and develops technology products in the field of aerospace and defense. The company’s business segments include Collins Aerospace, Pratt Whitney, Raytheon Intelligence and Space, and Raytheon Missiles & Defense. Collin aerospace, a merger of Rockwell Collins and UTC aerospace systems is a subsidiary of Raytheon Technologies. Collin aerospace's military and defense segment provide Military displays and controls consisting of Control Display Units (CDU), Helmet Mounted Displays (HMD) and simulation & training HMD. These displays are widely used for aircraft trainers on fixed and rotary aircraft and for active ground-based warfighting

BAE SYSTEMS (UK):

BAE Systems is one of the key players in the aerospace, defense, and security sectors across the globe. The company operates through five business segments, namely, Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. The optical display & Targeting division provides wide range of Helmet mounted display and glasses for various military platforms along with advanced electronics, information technology, and customer services. It also develops and delivers advanced defense & aerospace systems for air, military, and naval forces.

LOCKHEED MARTIN CORPORATION (US):

Lockheed Martin Corporation is among the key companies across the globe, which specializes in research, design, development, manufacture, and integration of advanced technology systems and related products. The company operates through four segments, aeronautics, missiles & fire control, rotary & mission systems, and space. The aeronautics segment is engaged in the research, design, development, manufacture, integration, and upgrade of military aircraft, including combat & air mobility aircraft and unmanned air vehicles.

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Report Code
CH 1348
RI Published ON
9/14/2021
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