Multifunction displays (MFD) is a small liquid crystal display (LCD) or cathode ray tube (CRT) screen that contains multiple soft buttons through which user receives information in several configurable ways. Multifunction displays (MFD) find its application across various military aircraft, modern vehicles and others to navigate direction, status information as well as for various entertainment purposes. Thus, MFD improve accuracy and functionality of various application segments provide enhanced safety and awareness to all kinds of users. By 2020, the aviation industry is expected to capture a huge share of the Multifunction displays market globally.
Implementation of Blue Ocean strategy is considered to be an important factor predicted to drive the market of Multifunction displays (MFD) during the forecast period from 2016 to 2024. MFD market adopt the Blue Ocean strategy because the strategy provides a market place which is free from rivals and competition. Thus, it helps the producers of this market to produce unique products at low cost and earn profit in a lucrative manner. Moreover, rising demand for auto-pilot landing systems is also anticipated to trigger the demand of Multifunction displays (MFD). It is because MFD are used in modern auto-pilot landing system to help the pilot to land safely in limited visibility and adverse weather conditions. In addition, increasing demand of aircraft deliveries also predicted to increase the demand for Multifunction displays (MFD) owing to its extensive use in modern aircrafts. Military sector uses MFD because it consumes less time and space in cockpit to provide information to the pilot regarding navigation route, weapon seeker, weather radar, and other airport information. Therefore, growing requirements in the military sector further boost the demand for electronic flight instruments that consist of Multifunction displays.
However, installation of Multifunction displays in auto-pilot landing system increases the overall production cost. This in turn is anticipated to deter the demand of MFD, there by affecting the market negatively. Moreover, helmet mounted display (HMD) consists of Multifunction displays which allows pilot to receive information regarding airspeed, target range, weapon seeker, altitude, and others via sensors, thus, eliminating the need of manual operation. Thus, critical production structure of HMD reduces its demand, which in turn also reduces the demand for Multifunction displays.
Global MFD market can be segmented on the basis of type, size and application. Based on type the market can be categorized into Helmet mounted display (HMD), Heads-up display (HUD), Electronic flight display (EFD) and Portable Multifunction displays. On the other hand, by size, the Multifunction displays market can be segmented into less than 5”, 5”-10”, and 10”-15”. Rise in demand of augmented reality (AR) in turn is expected to increase the demand for HUD at an exponential rate in the coming years.
By technology, multi-function displays market can be bifurcated into synthetic vision system, light emitting diode (LED), liquid crystal display (LCD), Active Matrix Liquid Crystal Displays (AMLCD), Organic Light Emitting Diodes (QLED), and Thin film transistor (TFT). Based on technology, the Multifunction displays market is majorly driven by LEDs, Synthetic Vision Systems, and AMLCDs among others. LED technologies are mainly used in the aviation sector because of better performance over fluctuating light levels, reliability, and temperature.
By geography, Multifunction displays (MFD) market is segmented into North America, Europe, Asia Pacific and Rest of the world (ROW). Geographically, North America held the largest market share of MFD market owing to robust investment in research and development in the field of technology. However, Asia Pacific region is anticipated to witness the fastest growing market during the forecast period from 2016 to 2024.
Some of the major players operating in the Multifunction displays (MFD) market includes Garmin Ltd (U.S), Thales SA (France), Rockwell Collins (U.S.A), Honeywell Aerospace (U.S), and SAAB AB (Sweden), Universal Avionics Systems (U.S), DeihlAerosystems (Germany) , Garmin (U.S), L-3 Communications (U.S), BAE Systems (U.K), Esterline technologies (Washington) , Barco N.V (Belgium), Samtel Group (India) and others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.