Products Development of Multi-Function Display Market in Industry
The multi-function displaymarket is estimated to be $9.24 billion in 2014 and is expected to register a CAGR of 11.40% to reach $15.85 billion by 2019. The key growth regions will be North America and Asia-Pacific. Russia, India, China, and Japan will demonstrate consistent levels of growth.
The LED technology is predominantly used in avionics, since the advantages of LED over LCD are better performance over all ambient light levels, reliability, and performance over temperature. Synthetic vision is a technology that overlays points such as infrared (IR) for low light and poor weather flight, terrain data, enhanced navigation, flight path portrayal, and other data depending on the system that is deployed.
There will be an increasing demand in avionic flight displays, head-up displays, helmet-mounted displays, and wearable displays in the emerging markets. Software architectures in multi-function display systemswill be a key area for growth in this market. The driving factors for this market will be anincrease in the number of aircraft deliveries and enhanced situational awareness,which will stimulate the growth of the MFD market.
The environments in which military operations occur have always been complex, and modern operations have only served to increase this complexity. Several military requirements and capabilities have specifically driven the development of electronic flight displays and other multi-function displays.
Aspects such as attentional issues are critical in designing and evaluating symbology for helmet-mounted displays to enhance pilot operations in degraded visual environments.
Technological advances have significantly enhanced the design and engineering of an aircraft. These advances have contributed to make pilot systems additionallycomplex and hencehave increased the demand on the human operator.
Helmet-mounted soldier display systems integrate software that providesthem greater capabilities with swift and broadly shared access to data that gives a competitive edge during combat and strategic decision making.
The growth for this market will be consistent during the forecast period. Garmin, Rockwell Collins, Honeywell Aerospace, Barco N.V., Samtel Group, Universal Avionics, and Saab AB, will be the market leaders and are expected to occupy a significant market share.
Related Reports:
Multi-Function Display (MFD) Market by Platforms (Land, Airborne, Naval), by Systems (Electronic Flight Displays, Head-up Displays, Helmet-Mounted Displays, Portable Multi-function Displays), by Technology (LED, LCD/AMLCD, TFT, OLED, Synthetic Vision), by Size (<5”, 5”-10”, 10”-15”), by Geography (North America, APAC, Europe, the Middle East, ROW) - Global Forecasts, Trends & Analysis to 2014 - 2020
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