Global Multi-Function Display Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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“Global Multi-Function Display Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global multi-function display market report has been segmented on the basis of system, technology, and region.
Global Multi-Function Display Market: Overview
The multi-function display is the type of a display with multiple numbers of soft keys that helps to display information required by the end user. It comes in a small size and there are numerous configurable ways to display the required information. The multi-function display is used in ships, vehicles, and aircraft. In many cases, it is installed as a fail down or backup display for primary flight display or PFD.
Global Multi-Function Display Market: Dynamics
Use of multi-function display in military aircraft, commercial aircraft, shipboard, automotive and aviation applications is a major factor driving growth of the global multi-function display market. In addition, increasing demand for aircraft is another factor supporting growth of the global market. Furthermore, growing illegal immigration on borders and increasing adoption of multiple-function display for ground control stations is a factor expected to augment growth of the global multi-function display market in the near future.
However, defence budget cuts in developed countries is a factor that may hamper growth of the global multi-function display market. In addition, operating multifunction displays requires training, and this system is highly complex. These are also some of the factors that could affect growth of the global market. Nevertheless, growing adoption of multi-function displays in the automotive sector can create high revenue opportunities for players in the target market.
Global Multi-Function Display Market: Segment Analysis
Among the system segments, the electronic flight displays segment is expected to register lucrative growth in terms of revenue in the near future. Electronic flight display is an instrument used on the flight deck that electronically displays the flight data. Growing adoption of airborne systems with advanced technology is a factor supporting growth of electronic flight displays segment in the target market. additionally, increasing demand for aircraft for commercial and defence applications is another factor anticipated to propel growth of this segment in the next 10 years.
Among the technology segments, the light-emitting diode segment is expected to register high growth in terms of revenue over the forecast period. A light-emitting diode is a flat panel display that uses an array of light emitting diodes for displaying an image or video on the screen.
Global Multi-Function Display Market: Regional Analysis
Market in North America is expected to account for major share in terms of over the forecast period. Increasing adoption of light-emitting diode displays among end user is a key factor driving growth of the target market in this region. In addition, high military budget, especially in the US, is another factor supporting growth of the multi-function display in North America. Market in Asia Pacific is anticipated to register lucrative growth in terms of revenue in the near future, followed by Middle East & Africa and Latin America. Growing defense budget of countries such as India and China is a factor fueling growth of the target market in this region.
Global Multi-Function Display Market Segmentation:
Segmentation by System:
- Helmet-Mounted Displays (HMD)
- Electronic Flight Displays (EFD)
- Portable and Flexible Multi-Function Display
- Heads-Up Display (HUD)
Segmentation by Technology:
- Active-Matrix Liquid-Crystal Display (AMLCD)
- Synthetic Vision
- Thin-Film Transistor
- Liquid-Crystal Display
- Organic Light-Emitting Diode (OLED)
- Light-Emitting Diode (LED)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Rockwell Collins, Inc.
- BAE Systems PLC
- Saab AB
- Garmin Ltd.
- Thales S.A.
- Barco NV
- Northrop Grumman Corporation
- Raymarine plc
- Esterline Technologies Corporation
- Honeywell Aerospace Inc.
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