HOME Research Insight Multi-function Display Market will be key areas growth in this market

Multi-function Display Market will be key areas growth in this market

The multi-function display market 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 the Middle East and Asia-Pacific. Russia, China, Japan, India, and Brazilwill demonstrate consistent levels of growth.

There will be a slight decline in the global share of advanced markets. The decline is not attributed to a reduction in defense expenditure of western markets (Europe and the U.S.), but rather to significant investment growth in most emerging markets (BRIC).The Middle East region will continue to increase its spending in the multi-function display market.

There will be an increasing demand in helmet-mounted displays, primary flight displays, and head-up displays along with portable multi-function displays in mature and emerging markets.Synthetic Vision systems and LEDs will be key areas for growth in this market. The major driving factor for this market will be enhanced situational awareness. Custom retrofit display installation will be major challenge for MFDs.

Synthetic Vision Systems (SVS)will be used in commercial and military avionics that will provide ample opportunities for China and India in this market.

Capacitive touch-screen multi-function displays with pinch-to-zoom technology, chartplotters, black box sonars, and chirp technologies will fuel the growth of the MFDs in emerging as well as mature markets.

Advanced sensor technologies deployedin this market will enhance the usability of MFDs. Virtual reality is a potential growth opportunity in emerging markets, especially in South-East Asia.

With the growth of the LCOS (Liquid Crystal on Silicon)-based consumer projection displays, commercially-off-the-shelf (COTS) technologies will be easily available. This technology is a fast-growing area of progress in the U.S., because the manufacturingtechnology is similar to silicon wafer fabrication.

Organic light-emitting diodes (OLEDs) and Active Matrix Liquid Crystal Displays (AMLCD) will also trigger growth in the MFD market.

This forecast suggests that emerging markets represent an opportunity for the U.S. defense industry due to the domestic demand in emerging markets (BRIC) for multi-function display systems that will surpass domestic supply.

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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