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Various factors have different effects on the Multi-Function Display (MFD) Market thus making it dynamic and responsive to changing aviation technology and customer needs. Technological advances are instrumental as they continuously improve the functionality of MFDs through innovations in display technologies such as Liquid Crystal Displays (LCDs) and Light-Emitting Diodes (LEDs). This has resulted in increased resolution, clarity, and more functions that address complex avionic displays with better situational awareness and operational efficiency. The industry is very concerned about keeping up with technological advancements, thus its flexible nature to incorporate new technologies in its design.
There are several integrating trends within the avionics sector that act as key market drivers for MFD dynamics. MFDs have become an integral part of modern aircrafts due to their ability to combine various functions into one interface thereby streamlining cockpit operations. They reduce reliance on multiple standalone instruments by consolidating navigation, communication, weather data, among other critical details. In response to these developments, MFD capabilities continue to evolve toward supporting cockpit simplification efforts and increasing operational efficiencies throughout the aviation sector. Thus airlines do not just want multi-functional displays but also those that can foster a common intuitive environment for all actions performed in a cockpit.
Growth of commercial aviation is one of main market drivers behind MFD market dynamics. Increased global air travel demand has led to corresponding rise in advanced avionic systems including multifunctional displays used for safety purposes during takeoff or landing among other navigational aspects while flying This has increased demand for sophisticated MFD solutions driven by fleet expansion requirements combined with upgradation that meets latest avionics standards enforced today by regulators globally towards new brand avionics products. That is how this dynamic portrays commercial fleet operators seeking improved cockpits’ view meant to meet global safety regulations.
Military needs and defence modernization efforts play substantial roles in shaping the dynamics of the MFD market. Modern military operations seek to enhance mission capabilities, situational awareness and overall operational effectiveness by employing advanced avionic systems. Ruggedized displays with functionalities specifically tailored for military applications are produced in response to these dynamics by MFD manufacturers. The market is also quite dynamic in providing technologically advanced displays that meet the strict requirements of modern military operations thereby addressing the specific needs of defense.
When it comes to shaping the dynamics of MFD market, regulatory standards and safety considerations play a crucial role. Aviation authorities such as Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA) have their own set of rules governing the avionics display designs aimed at ensuring safety and inter-operability across various aircraft models. The industry is continuously changing as new product lines are being created in order to ensure conformance with these regulations while at the same time surpassing them through innovation. That is an ever changing environment since this sector has always been defined by safety concerns which influence its features and design making it adhere implicitly to ongoing modification of regulatory demands.
The prevailing cost considerations and the race for operational efficiency are very dynamic in terms of the MFD market. The concept of cost-benefit analysis on avionic upgrades with respect to their operational advantages is a serious matter that requires immense attention by both commercial and military aircraft operators. In order to satisfy customers’ needs, they come up with economically justified solutions that work as expected and fulfill the various budget limitations of users. This situation has resulted in a range of MFD options that meet different aviation requirements due to the dynamic balance between costs and performance expectations.
Aftermarket dynamics contribute significantly to the MFD market landscape. With age and advancement in technology, there has emerged an aftermarket trend where obsolete avionic displays are replaced or upgraded with modern MFD solutions. This dynamics represents retrofitting already existing airplanes with new-age display units for improved longevity during operations besides being compatible with evolving avionic standards in use today. Aids include providing retrofit solutions, including maintenance services, an integral part of market dynamics.
Another influential factor within this market space is found in Human-Machine Interface (HMI) design innovation. Pilot interaction, General usability and pilot interface are key elements when it comes to functions performed by MDF’s interfaces which encompasses everything from pilot interaction to overall ease of use. Manufacturers aim at developing straight-forward or user-friendly interfaces improving upon general consumer experience as a whole. This situation indicates how the market reacts towards increasing importance given user-centered design through realization efficient HMI is among critical factors considered in cockpit displays.”
Multi-Function Display Market Highlights:
Global Multi-Function Display (MFD) Market Overview
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
Market 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)
Recent Development:
- In January 2022, Subaru introduced a new 4.2 inch LCD multifunction display into their Forester vehicle [IndustryARC]. This display is designed to be used for a variety of multimedia applications, including navigation, audio control, and climate control.
- Intellisense Systems also introduced its first 3ATI Avionics Multifunction Display in January 2022. This new display supports a variety of operational flight programs and features an active-matrix liquid crystal display and a customizable bezel.
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