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The Multi-Function Display (MFD) Market is a dynamic industry influenced by technological advancements, aviation trends and emerging needs of consumers. The market is influenced by a number of technological changes with regard to display technology. Consequently, MFDs have undergone significant improvements in terms of resolution rates, picture quality as well as other added features through the development in technologies such as LCDs, LEDS and others. The ability of this subsector to offer information which helps in improved situational awareness is what has made it possible for consumers to demand for sophisticated avionic displays.
Another key trend shaping the market includes more integrated avionics systems within multifunctional displays (MFDs). Modern planes require MFDs that perform multiple functions from one single device. For instance, weather data, communication and navigation are often integrated into MFD interfaces thereby reducing the need to have several stand-alone instruments. This integration dynamic resonates with the aviation’s desire for simplified cockpits and better operations. Airlines together with military organizations therefore seek to implement MFD solutions that simplify cockpit engagements thereby leading towards a continuously developing multifunctional capacity within this market.
A major driver of dynamics in the MFD market is growth in commercial aviation business worldwide. In order to improve safety standards, aircraft manufacturers and operators are investing heavily on advanced avionic systems including multi-functional displays (MFDs). Increasing commercial airlines fleets along with requirements for modernization and compliance with new avionic regulations lead to high demand for state-of-the-art MFD solutions. This dynamic reflects how markets respond to emerging needs among commercial airlines’ requirement for advanced cockpit displays.
Defense modernization efforts together with military requirements make up an important part of dynamics witnessedin the MFD market. Today’s armed forces are adopting highly developed avionics for their aircrafts which boost mission capabilities, situational awareness as well as overall operational efficiency.The user responses on these issues can be seen when the ruggedized display is made as military-specific equipment. This demand for MFDs in defense sector is driven by requirements for technologically advanced displays that meet current stringent demands of modern military operations.
The market dynamics of MFDs are significantly shaped by global regulations and safety standards. These institutions have set certain criteria for avionic displays to ensure the safety and maintainability across different models of aircrafts. Manufacturers innovate continuously just to make it ahead of these standards while at the same time anticipating for future compliance issues.This dynamic speaks to the industry’s commitment towards adherence to regulatory frameworks and safety that shape MFD design and features.
The cost-effectiveness aspect as well as push to improve efficiency are two factors which impact on MFD markets. Looking into the cost-effectiveness of avionics upgrades against what it brings into flight operations, airlines both in commercial and military sectors have been a key consideration. In response, MFD manufacturers have come up with solutions that are cost effective but still efficient enough.In line with this, different budgets exist among operators which therefore necessitate offering a variety of options in terms of MFD selection in aviation industry
The MFD market is also influenced by the aftermarket dynamics. Growing old airplanes and advancing technology drive the need for aftermarket demand to upgrade or replace outdated avionic displays with modern MFDs. This dynamism mirrors the industry’s requirement of retrofiting existing aircraft with top notch display panels that would allow them serve long as well as become compatible with ever changing avionics. The market keeps on being dynamic because the MFD manufactures provide retrofit solutions and other after-market support.
Yet another critical dynamic that affects the MFD market is the innovation in Human-Machine Interface (HMI) design. The pilot interface is critical towards MFD operations; it impacts how pilots interact with displays and overall ease of use. Manufacturers are working hard to come up with interfaces that are intuitive and user-friendly so as to enhance user experience at large. In this case, however, this situation reflects on how the market has responded to the increasing adoption of user-centered design principles and recognition of efficient HMI 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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