Multi-Function Display (MFD) Market Research Report: By System (Electronic Flight Display, Heads-Up Display, Helmet-Mounted Display, Portable and Flexible Multi-Function Display), By Platform (Land, Airborne, Naval) and By Technology (LED, OLED, LCD, AMLCD, TFT, Synthetic Vision) Forecast to 2030

Market Scenario

Multi-Function Display (MFD) Market Is Projected To Reach USD 260 Billion By 2030, Expanding at a CAGR Of 12% 2021 By 2030.

The MFD market is highly fragmented with the presence of many players catering to the increasing demand. High competition among the industry players lead to product innovation, which attract more consumers. This, in turn, drives the market growth. Many key players such as Esterline Technologies Corporation (US) is in collaboration with prominent aircraft manufacturers such as Airbus SAS (Netherlands) to strengthen their market position. For example, in 2017, Esterline Corporation signed a contract with Airbus SAS to provide Esterline MFD-3068 Smart Multi-Function Display to the latter for the German Armed Forces.

Market Synopsis

The global MFD market has witnessed high growth in the recent years owing to increasing aircraft orders. Furthermore, the other factors contributing to the growth of the market are growing technological advancements and rising need for system efficiency are also expected driving the growth of the market. However, declining defense budgets of developed countries such as the US and longer product life cycle might hamper the growth of the market.

Market USP

Increasing the installation of a glass cockpit to enhance safety is spurring the use of MFDs.

Market Drivers

• Rising demand for new aircraft: Rising demand for new aircraft that offer superior surveillance capabilities is expected to drive the market growth.

• Growing technology advancements

• Rising need for system efficiency

Market Restraints

• Declining defense budgets of developed countries


• Longer product life cycle

Segmentation

By System

• Electronic Flight Display (EFD): EFD is a type of a system that displays flight data electronically rather than electromechanically. The EFD includes components such as altitude indicator, altimeter, turn indicator, heading indicator, and tachometer. These components provide pilots accurate information such as altitude, weather, and obstacles. Hence, such critical information enables pilots to experience enhanced safety and flying experience. Therefore, the segment dominated the market in 2018.

• Heads-Up Display (HUD): HUD is a transparent display that presents data without the need for refocusing. These systems offer numerous benefits to pilots such as enhanced situational awareness capabilities and provides real-time location information. Therefore, the segment is expected to grow at the highest CAGR during the forecast period.

• Helmet-Mounted Display (HMD): HMD links the pilot’s line of sight to the aircraft, allowing continuous viewing of the outside world while maintaining a watch over the aircraft status. It is vital in combat aircraft since pilots are required to take decisions in a split-second and cannot afford to spend valuable time struggling with physical controls or a touch interface.

• Portable and Flexible Multi-Function Display: These systems offer benefits such as a lightweight, enhanced durability, and thinner dimensions.

By Platform

• Land: The segment dominates the MFD market in 2018. The growing adoption of MFDs by the US Army is expected to drive the growth of the market.

• Airborne: The segment is expected to witness the highest growth during the forecast period from 2019 to 2025. The increasing number of aircraft deliveries is expected to drive the growth of the segment.

• Naval: The growing adoption of MFDs by navy officials for experiencing enhanced situational awareness during extreme conditions is expected to drive the growth of the segment.

By Technology

• LED: The segment dominates the MFD market in 2018. LED offers various advantages such as low power consumption, energy-efficient and offer great color rendering index (CRI). Hence, such benefits offered by LED technology is driving the growth of the segment.

• OLED: The segment is expected to witness the highest growth during the forecast period. OLED offer numerous benefits such as improved image quality, simpler design, and flexibility. OLED technology enables users to receive clear image about targets, requires less maintenance and can be installed on different displays. Hence, the segment is expected to witness the highest growth during the forecast period from 2019 to 2025.

• LCD: LCD offers enhanced brightness, sharpness, and provide zero geometric distortion. Hence, such benefits enable users to receive enhanced image images even in bright environment. Therefore, the segment is expected to witness a moderate growth during the forecast period.

• Active-Matrix Liquid Crystal Display (AMLCD): AMLCD offers high brightness, assists in displaying multiple video formats, and has a wide operating temperature range.

• Thin Film Transistor (TFT): TFT offers benefits such as low energy consumption, fast reaction time, and compact size.

• Synthetic Vision: Synthetic vision offers benefits such as enhanced operational flexibility, improved situational awareness, and increased safety.

By Region

• North America: North America dominates the MFD market. This trend is projected to continue during the forecast period due to the presence of MFD providers such as Honeywell International, Inc. and Northrop Grumman Corporation.

• Europe: The growing adoption of MFDs by the German Armed Forces is expected to drive the market growth in the region

• Asia-Pacific: The market in this region is projected to expand at a high CAGR during the forecast period. Increasing defense expenditure of countries such as China and India are expected to drive the market growth in the region.

• Rest of the World: The growing adoption of MFDs by the Saudi Arabian army is expected to drive the market growth in the region.

Key Players

• United Technologies Corporation (US)


• Saab AB (Sweden)


• BAE Systems (UK)


• Thales Group (France)


• Garmin Ltd (US)


• Barco (Belgium)


• FLIR Systems (US)


• Northrop Grumman Corporation (US)


• Honeywell International, Inc. (US)


• Lockheed Martin Corporation (US)

Other Prominent Players

• Esterline Technologies Corporation (US)


• Avidyne Corporation (US)


• Aspen Avionics, Inc. (US)


• Elbit Systems Ltd. (Israel)


• Astronautics Corporation of America (US)


• SAMTEL GROUP (India)


• IRTS (France)


• Raytheon Company (US)