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The display for avionics applications market size is estimated to grow at a CAGR of 4.4% between 2022 and 2027. The market size is forecast to increase by USD 1,257.73 million. The growth of the market depends on several factors, including growing demand for automation, the need to improve safety standards, and an increase in aircraft deliveries. Displays play an important role in the avionics system by providing information on weather conditions, navigation, altitude, and flight details related to temperature, fuel availability, and air pressure. Initially, analog devices performed these functions, but manufacturers have shifted to digital display systems, which are also known as glass cockpits. While each analog device can perform only one function, few displays can provide multiple information.
This display market for avionics applications market report extensively covers market segmentation by end-user (civil aviation and military aviation), type (in-flight display and heads-up display (HUD)), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Growing demand for automation is one of the key drivers for market growth. The digital cockpit system has been proven to be a safety aid when flying in clouds, with limited visibility, or in congested airspace. Integrating advanced display systems and technologies such as autopilot and FMS into the cockpit reduces pilot workload and ensures critical flight information is readily available. FAA has recommended the development and installation of autopilots in aircraft and made the integration mandatory in case a single pilot is operating the aircraft.
As a result, autopilot manufacturers are investing in the development of new digital intelligent autopilots that can be fitted on some aircraft without additional certification incurring costs. Automation improves flight safety and efficiency, essential for commercial airlines. Installing GPS on aircraft significantly reduces pilot workload, improves situational awareness for both pilot and aircraft and improves safety. These factors will propel the market growth during the forecast period.
The introduction of an automatic Ground Collision Avoidance System (auto-GCAS) is the primary trend in the market. Aerospace technicians from NASA, the US Air Force, and Lockheed Martin developed auto-GCAS in 2010. This automated system helps prevent accidents by continuously monitoring and providing the status of the aircraft's position as well as its distance from the ground in real time. It can also help pilots in critical situations and avoid collisions.
Moreover, NASA is focusing on equipping this technology on general aviation aircraft and less capable unmanned aerial vehicles (UAVs). The US air force research laboratory is also developing mid-air collision prevention technology. This technology will eventually be merged with auto-GCAS to provide a fully integrated collision avoidance system which will fuel the growth of the market during the forecast period.
The cyclical nature of the aviation industry is a challenge that affects the growth of the market. Supply chain systems in the aerospace and defense sectors include original equipment manufacturers (OEMs) and Tier 1, 2, and 3 suppliers. Major aircraft manufacturers, often referred to as OEMs, specify their requirements to Tier 1 suppliers. OEMs and Tier 1 suppliers are the most important players in this supply chain system, as they are responsible for the overall aircraft design and manufacture.
Furthermore, budget allocations, procurement policies, and political instability between Russia and Ukraine negatively affect the aviation industry, causing periodic ups and downs. Such events hinder the availability of specialty materials, resulting in lower unit production and lower display distribution to OEMs, thus affecting the revenue and cash flow of manufacturers of display system output. Therefore, such factors may impede the growth of the market during the forecast period.
The market share growth by the civil aviation segment will be significant during the forecast period. The civil aviation display can be divided into two segments based on the screen technology used and their respective application, such as Primary Flight Display (PFD) and Multifunction Display (MFD). The Primary flight screen provides pilots with essential information about their flight, including altitude, speed, and navigation data. These displays are typically based on LCD (Light-Chrome Display) or OLED (Light-Emitting Diode) technology and are designed to enhance situational awareness and improve flight control. Multifunction displays may also include a head-up display (HUD).
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The civil aviation segment showed a gradual increase in the market share of USD 2,834.55 million in 2017 and continued to grow by 2021. Innovations in display technology will enhance the adoption of HUDs in the aviation industry. Rockwell Collins (an American company specializing in avionics and information technology) introduced the HGS-3500 display unit using optical waveguide technology. Advanced surface motion guidance and control system (A-SMGCS) characteristic of HUD will create display demand for avionics applications, thereby increasing the growth of the market during the forecast period.
A clear and organized presentation of key pilot information is required for the in-flight display segment in the market. A segment can display weather-related data such as current weather, turbulence forecasts, wind speed and direction, and other environmental data. An overview of the aircraft's systems, including engines, fuel levels, hydraulics, electrical systems, and any anomalies, is provided in one segment. Pilots can efficiently manage fuel resources by viewing fuel volume, consumption rate, and expected time to run out of fuel within a specified segment. Hence, it is clear that there is an increased demand for the global display for avionics applications market in the in-flight displays segment during the forecast period.
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North America is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growth of the regional display for avionics applications market is mainly driven by the strong aviation base of countries such as the US, Canada, and Mexico. The increase in global demand for new aircraft also creates a parallel need to invest in the production of aerospace components and equipment.
Moreover, this has moved a significant amount into the display market for avionics applications in the region. Display system manufacturers have invested in manufacturing technology to help aircraft original equipment manufacturers (OEMs) meet the growing demand for HUDs and in-flight display systems. Such initiatives will contribute to the growth of the market during the forecast period.
The outbreak of COVID-19 in 2020 negatively affected the growth of the display market for avionics applications in the North American region. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown restrictions, which led to the resumption of aircraft manufacturing plants. In the fall of 2022, the Minister of Transport of Canada released the Canadian climate action plan for the aviation industry 2022-2030. The plan outlines a strategy for net zero by 2050, including the development and deployment of green aerospace technologies. Therefore, raised investment in aerospace technology will boost the demand for avionics application displays, which will drive the growth of the market in the region during the forecast period.
The Display Market for Avionics Applications Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Display Market for Avionics Applications Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The display market for avionics applications market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Display Market For Avionics Applications Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.4% |
Market growth 2023-2027 |
USD 1,257.73 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.08 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 46% |
Key countries |
US, China, France, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Astronautics Corp. of America, Astronics Corp., Avidyne Corp., BAE Systems Plc, Diehl Stiftung and Co. KG, Elbit Systems Ltd., Excelitas Technologies Corp., FDS Avionics Corp., Gables Engineering Inc., Garmin Ltd., General Electric Co., Honeywell International Inc., L3Harris Technologies Inc., Mercury Systems Inc., Nytric Ltd., Parker Hannifin Corp., Raytheon Technologies Corp., ScioTeq BV, Thales Group, and The Boeing Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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