Global Multi-Function Display Market 2016-2020

Overview of the global multi-function display (MFD) market

Technavio’s market research analyst predicts that the global multi-function display (MFD) market will grow at a rapid CAGR of over 9% by 2020. One of the key drivers for this market is the implementation of improved safety standards. Since flying has become more dependent on glass cockpit systems, the pilots and crew members have to get trained in dealing with every possible failure scenario. Statistics have shown that aircraft equipped with glass cockpits have a lower accident rate. Consequently, the US National Transportation Safety Board’s recommendation to the Federal Aviation Administration to have glass cockpit systems installed in airplanes to enhance safety will be implemented. As the glass cockpit certification process is not very expensive, installation of this system in all types of aircraft will have a positive impact on market growth during the forecast period.

In this industry research report, analysts have estimated factors like the installation of autopilot systems in aircraft to drive market growth during the forecast period. The autopilot system helps pilots to effectively monitor altitude, airspeed, distance, and weather conditions so that an airplane can be landed safely. Due to a tremendous surge in passenger traffic, many airlines have been compelled to take deliveries for approximately 40,000 aircraft to meet the rising demand. Consequently, the demand for autopilot landing systems will rise and, in turn, fuel market growth until the end of 2020.

Segmentation by application and analysis of the MFD market

• Commercial aerospace
• Military

The commercial aerospace segment dominates the global MFD market and is expected to account for over 60% of the total market share by the end of the forecast period. Due to the recent growth of the passenger aircraft market, the need for enhanced ground proximity warning systems and other features like altitude, pitch, mapping, and weather information will be on the rise.

Geographical segmentation and analysis of the MFD market

• Americas
• APAC
• EMEA

At present, the Americas dominate the global MFD market and is expected to generate revenues of over USD 6 billion by the end of the forecast period. Major commercial airlines in the US have gone through several mergers since 2008, which in turn has given them control over 70% of the US aviation market. Since MFD systems help in enhancing operations and flight safety, its demand among the end users in this region will rise exponentially over the next few years.

Competitive landscape and key vendors

The global MFD market is highly competitive as most vendors compete for market shares on the basis of product quality, cost, reliability, and aftermarket services. In this market, suppliers have to provide cost-effective and high-quality systems equipped with the latest materials and technology to survive and thrive in this intensely competitive market. Government organizations like the DOD, FAA, Civil Aviation Safety Authority, and the EU certify systems offered by every vendor. The use of such systems is highly encouraged as it enhances safety and aircraft operation.

Key vendors in this market are -

• Avidyne
• BAE
• Honeywell
• Rockwell Collins
• Universal Avionics Systems

Other prominent vendors in this market are Diehl Aerosystems, Esterline, Garmin, L-3 Communications, and Thales Group.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global MFD market?
• What are the key market trends influencing the growth of the global MFD market?
• What are the challenges to market growth?
• Who are the key vendors in the global MFD market?
• What are the market opportunities and threats faced by the vendors in the global MFD market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global MFD market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Digital Glass Military Aircraft Cockpit Systems Market 2015-2019

A multi-function display combines the weather, radar, traffic, terrain, navigation map, and other data into a single, space-saving display instrument. These displays help to improve the pilot's ability to protect the aircraft against all hazardous conditions by displaying safety information in a clear and concise format.

The report, global multi-function display market, is part of Technavio’s aerospace and defense research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as aerospace, aerospace components, aerospace manufacturing, aerospace products, commercial aviation, defense, defense technology, general aviation, homeland security, maintenance repair and overhaul (MRO), and space. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.