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Global Multi-Function Display Market By Platform (Naval, Airborne, Land), By System, By Technology - Global Industry Outlook, Key Companies (Honeywell Aerospace, Rockwell Collins, Thales SA and others), Trends and Forecast 2023-2032

Published on : February-2025  Report Code : RC-428  Pages Count : 261  Report Format : PDF
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Market Overview

The Global Multi-Function Display Market is expected to reach a value of USD 18.9 billion in 2023, and it is further anticipated to reach a market value of USD 42.1 billion by 2032 at a CAGR of 9.3%. The market has seen a significant increase in the recent past and is predicted to grow significantly during the forecasted period as well.

A multi-function display (MFD) is a compact screen that provides a variety of information & performance data in customizable ways. It has keys for easy navigation and is used in aviation to manage and display aircraft information such as engine status, navigation details, and flight data.

Multi-Function Display Market Growth Analysis

Further, the smarter multi-function display is anticipated to become more popular than its regular version. As it's used in military, commercial aviation, automobiles, and ships, it works well with main flight screens in new & advanced aircraft, which shows the digital progress in aviation. Moreover, the market is growing because of better technology and more efficient systems, which is making way for a bright future for the market as well.

Advances in display technology such as high-resolution screens, touch functionality and intuitive user interfaces have significantly enhanced the usability and effectiveness of multi-function displays (MFDs) in mission-critical applications. Nearly 90% of new commercial aircraft feature MFDs, with 70% featuring 4K touchscreen displays for optimal resolution. Military use of helmet-mounted displays (HMDs) has also dramatically increased, with 60% of fighter jets employing this technology. 

Automotive applications of MFDs have seen steady adoption. 40% of electric vehicles now incorporate MFDs to show essential information such as battery health and navigation. Meanwhile, digital transformation across aerospace, defense and automotive is fueling MFD demand due to their ability to improve operational efficiencies through integrated functionality.

Key Takeaways

  • Market Growth: Driven by increasing adoption in aviation, automotive, marine, and military applications.  
  • Key Applications: Used in aircraft cockpits, automotive dashboards, naval ships, and industrial control systems.  
  • Technological Advancements: Integration of touchscreen interfaces, augmented reality (AR), and AI-driven data visualization.  
  • Regional Dominance: North America leads due to high defense spending, followed by Europe and Asia-Pacific.  
  • Major Players: Honeywell, Garmin, BAE Systems, Rockwell Collins, and Raymarine are key market leaders.  
  • Challenges: High initial costs, cybersecurity risks, and complex integration with legacy systems.  
  • Future Outlook: Growth driven by demand for advanced avionics, autonomous vehicles, and smart display solutions.

Use  Cases

  • Aviation & Avionics: Used in commercial and military aircraft cockpits for real-time navigation, flight data monitoring, and situational awareness.  
  • Automotive & Transportation: Integrated into vehicle dashboards for displaying GPS navigation, infotainment, driver assistance alerts, and system diagnostics.  
  • Defense & Military: Deployed in tanks, submarines, and fighter jets to provide mission-critical data, targeting assistance, and battlefield visualization.  
  • Marine Navigation: Utilized in ships and submarines for route mapping, weather monitoring, radar integration, and sonar data visualization.  
  • Industrial & Healthcare Applications: Used in control rooms and medical devices for monitoring processes, equipment diagnostics, and real-time data analysis.

Market Dynamic

The Global Multi-Function Display Market is showing growth due to its wide application in military and commercial aircraft, automotive, ships, and aviation. Further, the increasing demand for aircraft and the adoption of multi-function displays for border security and ground control stations further drive the market's growth.

However, deduction in defense budgets among developed countries may hinder the global multi-function display market. Moreover, the complex nature of operating these systems, coupled with training requirements, presents challenges to the growth of the market. Yet, the automotive sector's growing adoption of multi-function displays offers major revenue opportunities for market players.

Driving Factors

The multi-function display (MFD) market is driven by increasing demand for advanced cockpit systems in aviation, automotive, and defense sectors. MFDs provide real-time information that enhances situational awareness and operational efficiency for pilots and drivers, increasing situational awareness and operational efficiencies for them. 

With increasing air traffic volumes modernized aircraft fleets are adopting MFDs to facilitate seamless navigation and safety; similarly in automotive sectors luxury electric vehicle integration of MFDs improve user experience by consolidating infotainment, navigation, diagnostics etc; additionally technological advances like high resolution displays or augmented reality integration further promotes adoption across industries.

Trending Factors

One key trend in the multi-function display market is the increasing adoption of touchscreen and augmented reality (AR) interfaces. Touchscreen-enabled MFDs have become increasingly popular for their intuitive operation in aviation and automotive applications. AR technology enhances situational awareness by overlaying critical data over real-world views to aid navigation and obstacle detection. 

This trend can be found particularly evident in next-generation aircraft, defense systems and autonomous vehicles. Manufacturers are focused on producing lightweight displays with improved energy efficiency for extreme conditions; OLED and AMOLED technologies also support this shift toward user-friendly interfaces.

Restraining Factors

The multi-function display market faces challenges due to high costs associated with advanced display technologies and their integration into complex systems. MFDs with advanced features, like HD touchscreens and AR capabilities, require significant upfront capital investments that restrict their accessibility for small and medium-sized enterprises. 

Integration obstacles arise in industries such as aviation and defense, where compatibility with existing systems is of utmost importance. Furthermore, reliability in extreme environments such as altitude or temperature variations increases cost and technical complexity while discouraging potential adopters from investing in MFDs in cost-sensitive markets; ultimately limiting widespread deployment.

Opportunities

Emerging markets present multi-function display manufacturers with tremendous growth prospects due to increased industrialization and technological adoption. Demand for modernized vehicles, aircraft and defense equipment across Asia-Pacific, Latin America and the Middle East drives MFD adoption. Governments in these regions are investing heavily in infrastructure, transportation and military upgrades that facilitate MFD deployment. 

Furthermore, electric and autonomous vehicle sales continue to expand market potential; partnerships between global manufacturers and local players can facilitate faster market penetration of high-tech solutions and make high-tech MFD solutions more accessible and affordable in fast-growing economies.

Research Scope and Analysis

By Platform

The airborne platform emerges as the dominant platform segment in 2023 and is anticipated to experience substantial growth over the forecast period. Multi-function displays (MFDs) are integral components of the digital era in modern helicopters & airplanes. The market's expansion can be seen due to the increasing adoption of MFD technology in both military & commercial aircraft. 

This advancement allows pilots to streamline critical information onto a unified screen, surrounding moving maps, navigation routes, weather radar, airport particulars, and safety systems. Additionally, MFDs offer advantages like efficient cockpit space utilization and multi-page data presentation, boosting the market's growth.

Multi-Function Display Market Platform Analysis

By System

In 2023, the electronic flight display (EFD) segment dominates the overall global market and is further anticipated to stay the same over the forecasted period. This trend is expected to continue due to the advantages EFDs offer. As cockpit instrument displays, EFDs provide flight data electronically, replacing older methods. 

They include important components such as altimeters & heading indicators, helping pilots understand obstacles, weather, and altitude. Additionally, EFDs provide essential details about aircraft systems such as fuel 7 electrical systems, which further drives the growth in this segment.

By Technology

The Light Emitting Diode (LED) segment, which dominates in 2023, demonstrated significant revenue growth in recent years and is anticipated to hold its position during the forecasted period. This growth is projected to continue, with the LED segment positioned for major expansion. Operating as a flat panel display, LEDs utilize an array of diodes to visibly project images and videos on screens. The importance of this technology enhances its major role in driving the dynamic evolution of display landscapes.

Moreover, the advancement of technologies like AMLCD (Active Matrix Liquid Crystal Display) has the potential to significantly fuel the multi-function display market. These advancements provide enhanced capabilities and functionalities. AMLCDs deliver high-end displays with improved clarity & responsiveness. As these technologies develop and integrate into multi-function displays, they are positioned to play a major role in driving market growth.

The Global Multi-Function Display Market Report is segmented on the basis of the following:

By Platform

  • Naval
  • Airborne
  • Land

By System

  • Electronic Flight Displays
  • Helmet-Mounted Displays
  • Portable and Flexible Multi-function Displays
  • Head-up Displays
  • Others

By Technology

  • Active-Matrix Liquid-Crystal Display (AMLCD)
  • Thin-Film Transistor (TFT)
  • Liquid-Crystal Display (LCD)
  • Light-Emitting Diode (LED)
  • Synthetic Vision
  • Organic Light-Emitting Diode (OLED)

How Does Artificial Intelligence Contribute To Improve Multi-Function Display Market ?

  • Enhanced Data Processing & Visualization: AI enables real-time data analysis and predictive insights, improving situational awareness in aviation, defense, and automotive applications.  
  • Intelligent User Interface (UI) & Personalization: AI-powered MFDs adapt to user preferences, optimize display layouts, and provide intuitive touchscreen or voice-controlled interactions.  
  • Augmented Reality (AR) Integration: AI-driven AR overlays enhance pilot and driver vision, displaying critical navigation, terrain mapping, and obstacle detection data.  
  • Predictive Maintenance & System Monitoring: AI algorithms analyze system performance, detect anomalies, and predict potential failures, reducing downtime and maintenance costs.  
  • Autonomous & Smart Decision Support: AI assists in mission-critical operations by providing automated alerts, decision-making recommendations, and real-time risk assessment.

Regional Analysis

North America, led by the US and Canada, leads the market in 2023, contributing about 34.1% of total revenue. This dominant position is expected to stay, as the influence of the US and Canada is a major factor in driving the market's growth within the region. This growth is further attributed to the widespread adoption of multi-function displays across military, business, & commercial aircraft.

The North American market's growth is further boosted by the adoption of diverse safety management systems & devices in aircraft. Government initiatives as well as investments in the military & commercial aviation sectors contribute significantly to the growth of the market. 

Further, strict government regulations aimed at pilot and passenger safety, along with the growing use of multifunction displays in automotive vehicles, fuel the market's expansion. Furthermore, the vibrant global air transportation sector plays a major role in boosting the North American market.

Multi-Function Display Market Regional Analysis

By Region

North America
  • The U.S.
  • Canada
Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Russia
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • ANZ
  • ASEAN
  • Rest of Asia-Pacific
Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Rest of Latin America
Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Israel
  • Egypt
  • Rest of MEA

Competitive Landscape

In this market, research and development (R&D) along with innovation remain major growth strategies. Some of the major industry players, including Honeywell Aerospace, Rockwell Collins, Thales SA, Avidyne Corporation, and BAE Systems, uses this approach.

These key participants prioritize R&D to advance multi-function display technologies, enhancing features and introducing new solutions. Their commitment to innovation helps them stay competitive and responsive to market shifts. Their dedicated efforts enhance their significant role in driving the growth and evolution of the multi-function display market.

For instance, in June 2023, Intellisense Systems, a well-established supplier of avionics displays solutions, introduced the Primary Flight Display 12 x 9 (PFD–1209). This latest offering showcases a 15-inch screen equipped with vFusion capabilities and a pixel resolution of UXGA (1600 x 1200). Significantly, it includes a dual-mode backlight feature along with compliance for night vision.

Some of the prominent players in the Global Multi-Function Display Market are:

  • Honeywell Aerospace
  • Rockwell Collins
  • Thales SA
  • BAE Systems
  • FLIR Systems
  • Avidyne Corporation
  • Barco NV
  • Garmin Ltd
  • Raytheon Company
  • AMTEL GROUP
  • Other Key Players

COVID-19 Pandemic & Recession: Impact on the Global Multi-Function Display Market:

The global multi-function display market saw significant challenges due to the combined impact of the COVID-19 pandemic and the subsequent economic recession. Supply chain disruptions impacted manufacturing and delivery, while reduced consumer spending and travel restrictions led to decreased demand, particularly in the aviation and automotive sectors where multi-function displays are essential components. The recession prompted businesses to reevaluate budgets, resulting in postponed or canceled projects.

However, as the situation gradually stabilizes, the market recovers and finds its stability. The gradual revival of the aviation and automotive industries, along with the ongoing digital transformation across sectors, drives the renewed demand for multi-function displays. The focus on safety, operational efficiency, and advanced technology solutions could fuel further growth in the market as organizations seek innovative strategies to adapt to the evolving business landscape and consumer demands.

                                  Report Characteristics
Market Size (2023) USD 18.9 Bn
Forecast Value (2032) USD 42.1 Bn
CAGR (2023-2032) 9.3%
Historical Data 2017 - 2022
Forecast Data 2023 - 2032
Base Year 2022
Estimate Year 2023
Report Coverage Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc.
Segments Covered By Platform (Naval, Airborne and Land), By Size (Electronic Flight Displays, Helmet-Mounted Displays, Portable and Flexible Multi-function Displays, Head- up Displays and Others) By Technology (Active-Matrix Liquid Crystal Display, Thin-Film Transistor, Liquid- Crystal Display, Light-Emitting Diode, Synthetic Vision and Organic Light-Emitting Diode)
Regional Coverage North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
Prominent Players Honeywell Aerospace, Rockwell Collins, Thales SA, BAE Systems, FLIR System, Avidyne Corporation, Barco NV, Garmin ltd, Raytheon Company, AMTEL Group and Other Key Players
Purchase Options We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively.

 

Frequently Asked Questions

  • How big is the Global Multi-Function Display Market?

    The Global Multi-Function Display Market is estimated to reach USD 18.9 billion in 2023, which is further expected to reach USD 42.1 billion by 2032.

  • Which region accounted for the largest Global Multi-Function Display Market?

    North America dominates the Global Multi-Function Display Market with a share of 34.1% in 2023.

  • Who are the key players in the Global Multi-Function Display Market?

    Some of the major key players in the Global Multi-Function Display Market are Honeywell, Rockwell, Thales, and many others.

  • Some of the major key players in the Global Multi-Function Display Market are Honeywell, Rockwell, Thales, and many others.

    The market is growing at a CAGR of 9.3% over the forecasted period.

  • Contents

      1.Introduction
        1.1.Objectives of the Study
        1.2.Market Scope
        1.3.Market Definition and Scope
      2.Multi-Function Display Market Overview
        2.1.Global Multi-Function Display Market Overview by Type
        2.2.Global Multi-Function Display Market Overview by Application
      3.Multi-Function Display Market Dynamics, Opportunity, Regulations, and Trends Analysis
        3.1.Market Dynamics
          3.1.1.Multi-Function Display Market Drivers
          3.1.2.Multi-Function Display Market Opportunities
          3.1.3.Multi-Function Display Market Restraints
          3.1.4.Multi-Function Display Market Challenges
        3.2.Emerging Trend/Technology
        3.3.PESTLE Analysis
        3.4.PORTER'S Five Forces Analysis
        3.5.Technology Roadmap
        3.6.Opportunity Map Analysis
        3.7.Case Studies
        3.8.Opportunity Orbits
        3.9.Pricing Analysis
        3.10.Ecosystem Analysis
        3.11.Supply/Value Chain Analysis
        3.12.Covid-19 & Recession Impact Analysis
        3.13.Product/Brand Comparison
      4.Global Multi-Function Display Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Platform, 2017-2032
        4.1.Global Multi-Function Display Market Analysis by By Platform: Introduction
        4.2.Market Size and Forecast by Region
        4.3.Naval
        4.4.Airborne
        4.5.Land
      5.Global Multi-Function Display Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By System, 2017-2032
        5.1.Global Multi-Function Display Market Analysis by By System: Introduction
        5.2.Market Size and Forecast by Region
        5.3.Electronic Flight Displays
        5.4.Helmet-Mounted Displays
        5.5.Portable and Flexible Multi-function Displays
        5.6.Head-up Displays
        5.7.Others
      6.Global Multi-Function Display Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Technology, 2017-2032
        6.1.Global Multi-Function Display Market Analysis by By Technology: Introduction
        6.2.Market Size and Forecast by Region
        6.3.Active-Matrix Liquid-Crystal Display (AMLCD)
        6.4.Thin-Film Transistor (TFT)
        6.5.Liquid-Crystal Display (LCD)
        6.6.Light-Emitting Diode (LED)
        6.7.Synthetic Vision
        6.8.Organic Light-Emitting Diode (OLED)
      8.Global Multi-Function Display Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Organization Size, 2017-2032
        8.1.Global Multi-Function Display Market Analysis by By Organization Size: Introduction
        8.2.Market Size and Forecast by Region
        8.3.SMEs (Small and Medium Enterprises)
        8.4.Large Enterprises
      9.Global Multi-Function Display Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By End-user Industry, 2017-2032
        9.1.Global Multi-Function Display Market Analysis by By End-user Industry: Introduction
        9.2.Market Size and Forecast by Region
        9.3.BFSI
        9.4.Retail
        9.5.Healthcare
        9.6.IT & Telecom
        9.7.Automotive
        9.8.Manufacturing
        9.9.Others
      9.Global Multi-Function Display Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by Region, 2017-2032
        9.1.North America
          9.1.1.North America Multi-Function Display Market: Regional Trend Analysis
            9.1.1.1.The US
            9.1.1.2.Canada
        9.2.1.Europe
          9.2.1.Europe Multi-Function Display Market: Regional Trend Analysis
            9.2.1.1.Germany
            9.2.1.2.France
            9.2.1.3.UK
            9.2.1.4.Russia
            9.2.1.5.Italy
            9.2.1.6.Spain
            9.2.1.7.Nordic
            9.2.1.8.Benelux
            9.2.1.9.Rest of Europe
        9.3.Asia-Pacific
          9.3.1.Asia-Pacific Multi-Function Display Market: Regional Trend Analysis
            9.3.1.1.China
            9.3.1.2.Japan
            9.3.1.3.South Korea
            9.3.1.4.India
            9.3.1.5.ANZ
            9.3.1.6.ASEAN
            9.3.1.7.Rest of Asia-Pacifc
        9.4.Latin America
          9.4.1.Latin America Multi-Function Display Market: Regional Trend Analysis
            9.4.1.1.Brazil
            9.4.1.2.Mexico
            9.4.1.3.Argentina
            9.4.1.4.Colombia
            9.4.1.5.Rest of Latin America
        9.5.Middle East and Africa
          9.5.1.Middle East and Africa Multi-Function Display Market: Regional Trend Analysis
            9.5.1.1.Saudi Arabia
            9.5.1.2.UAE
            9.5.1.3.South Africa
            9.5.1.4.Israel
            9.5.1.5.Egypt
            9.5.1.6.Turkey
            9.5.1.7.Rest of MEA
      10.Global Multi-Function Display Market Company Evaluation Matrix, Competitive Landscape, Market Share Analysis, and Company Profiles
        10.1.Market Share Analysis
        10.2.Company Profiles
        10.3.Honeywell Aerospace
          10.3.1.Company Overview
          10.3.2.Financial Highlights
          10.3.3.Product Portfolio
          10.3.4.SWOT Analysis
          10.3.5.Key Strategies and Developments
        10.4.Rockwell Collins
          10.4.1.Company Overview
          10.4.2.Financial Highlights
          10.4.3.Product Portfolio
          10.4.4.SWOT Analysis
          10.4.5.Key Strategies and Developments
        10.5.Thales SA
          10.5.1.Company Overview
          10.5.2.Financial Highlights
          10.5.3.Product Portfolio
          10.5.4.SWOT Analysis
          10.5.5.Key Strategies and Developments
        10.6.BAE Systems
          10.6.1.Company Overview
          10.6.2.Financial Highlights
          10.6.3.Product Portfolio
          10.6.4.SWOT Analysis
          10.6.5.Key Strategies and Developments
        10.7.FLIR Systems
          10.7.1.Company Overview
          10.7.2.Financial Highlights
          10.7.3.Product Portfolio
          10.7.4.SWOT Analysis
          10.7.5.Key Strategies and Developments
        10.8.Avidyne Corporation
          10.8.1.Company Overview
          10.8.2.Financial Highlights
          10.8.3.Product Portfolio
          10.8.4.SWOT Analysis
          10.8.5.Key Strategies and Developments
        10.9.Barco NV
          10.9.1.Company Overview
          10.9.2.Financial Highlights
          10.9.3.Product Portfolio
          10.9.4.SWOT Analysis
          10.9.5.Key Strategies and Developments
        10.10.Garmin Ltd
          10.10.1.Company Overview
          10.10.2.Financial Highlights
          10.10.3.Product Portfolio
          10.10.4.SWOT Analysis
          10.10.5.Key Strategies and Developments
        10.11.Raytheon Company
          10.11.1.Company Overview
          10.11.2.Financial Highlights
          10.11.3.Product Portfolio
          10.11.4.SWOT Analysis
          10.11.5.Key Strategies and Developments
        10.12.AMTEL GROUP
          10.12.1.Company Overview
          10.12.2.Financial Highlights
          10.12.3.Product Portfolio
          10.12.4.SWOT Analysis
          10.12.5.Key Strategies and Developments
        10.13.Other Key Players
          10.13.1.Company Overview
          10.13.2.Financial Highlights
          10.13.3.Product Portfolio
          10.13.4.SWOT Analysis
          10.13.5.Key Strategies and Developments
      11.Assumptions and Acronyms
      12.Research Methodology
      13.Contact
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