Multi-Function display market to exceed USD 37.12 billion by 2032

Press Release, 14 January 2025

The SNS Insider report indicates that,“The Multi-Function Display Market Size was valued at USD 18.7 Billion in 2023 and is expected to reach USD 37.12 Billion by 2032 and grow at a CAGR of 7.95% over the forecast period 2024-2032.”

Driving Growth in the Multi-Function Display Market through Technology and Integration Across Industries

The Multi-Function Display (MFD) market is expanding as advanced technology adoption increases, especially in sectors requiring situational awareness, such as aerospace and automotive. MFDs combine multiple functions into a single display, improving decision-making by providing essential information quickly. Technological advancements like high-resolution screens, touch capabilities, and intuitive interfaces have enhanced MFDs’ effectiveness in critical scenarios. In 2023, 90% of new commercial aircraft were equipped with MFDs, with 70% featuring 4K touchscreens. Military adoption of helmet-mounted displays (HMDs) reached 60% in fighter jets, while 40% of electric vehicles incorporated MFDs for vital metrics. As industries digitalize, the demand for MFDs grows, driven by their potential to streamline operations and enhance performance.

Dominant Market Players with their Products Listed in this Report are:

• Honeywell International Inc. (Primus Epic, Honeywell 3D Display)
• Rockwell Collins, Inc. (Pro Line Fusion, PAVES 3)
• Thales Group (TopFlight, AVANT)
• Garmin Ltd. (G3000, G5000)
• Northrop Grumman Corporation (Integrated Avionics System, LYNX)
• General Dynamics Mission Systems (Advanced Displays, Multi-Function Tactical Display)
• L3 Technologies, Inc. (Ruggedized Multi-Function Display, L3Harris MFD)
• Boeing (737 MAX MFD, 787 Dreamliner Display)
• Elbit Systems (SkyLens, Digital Cockpit)
• Mitsubishi Electric Corporation (Airborne Multi-Function Display, Avionics System)
• Panasonic Corporation (Toughpad MFD, Avionics Display System)
• Fujitsu Limited (Multi-Function Display Unit, MFD for Military Applications)
• Saab AB (Gripen Multi-Function Display, MFD for Fighter Aircraft)
• CMC Electronics Inc. (MFD-200, MFD-800)
• Meggitt PLC (Meggitt MFD, Flight Data Display)
• Avidyne Corporation (EX600, IFD550)
• Indra Sistemas, S.A. (MFD for Military Aircraft, AVANT MFD)
• Aerosonic Corporation (Multi-Function Flight Display, Cockpit Display Systems)
• Hawker Beechcraft Corporation (MFD for Beechcraft Bonanza, King Air MFD)
• Sagem (Safran) (MFD for Military Applications, Cockpit Display).

The Role of Multi-Function Displays in Enhancing Safety and Efficiency across Sectors

The growing emphasis on safety and efficiency in transportation is driving the adoption of Multi-Function Displays (MFDs). In aviation, MFDs manage cockpit information and monitor flight data, reducing pilot workload by up to 20% during critical flight phases. In automotive applications, MFDs integrate navigation, communication, and diagnostics to enhance driver safety. In 2023, 45% of vehicles featured MFDs, improving safety and operational ease. Modern naval vessels also employ MFDs for advanced navigation and system monitoring, with 75% of professionals acknowledging their vital role in ensuring safe and efficient operations in the industry.

Driving Growth in the Multi-Function Display Market: System, Platform, and Technology Trends

By System

In 2023, Electronic Flight Displays (EFDs) led the market, capturing 42% of revenue due to their significant impact on aviation’s situational awareness and operational efficiency. EFDs integrate critical data such as altitude, navigation, and system alarms into a single interface, helping pilots process information quickly and reducing workload. This functionality minimizes human error, making EFDs essential in modern aircraft. The demand for digital cockpits and stricter safety regulations further strengthens their market presence.

Heads-up Displays (HUDs) are expected to see the fastest growth in CAGR from 2024 to 2032, driven by their ability to enhance pilot visibility and safety, particularly during takeoff and landing. The integration of augmented reality and improved display clarity boosts HUD adoption.

By Platform

In 2023, the Land segment dominated the Multi-Function Display (MFD) market, accounting for 52% of the share. MFDs in land applications integrate navigation, vehicle diagnostics, and communication systems into a single interface, enabling operators to make quicker, more informed decisions that improve operational efficiency. The rise of smart vehicle technologies and the push for vehicle automation have further fueled MFD adoption in this segment.

The Airborne segment is expected to experience the fastest growth between 2024 and 2032. Advancements in aviation, particularly in pilot situational awareness and safety, are driving demand for MFDs compatible with modern avionics. Additionally, the adoption of unmanned aerial vehicles and new aircraft models is further boosting the need for innovative MFD solutions.

By Technology

In 2023, the LED segment held the largest market share of 38% in the Multi-Function Display (MFD) market, driven by its high brightness, energy efficiency, and long lifespan, making it ideal for applications in automotive, aviation, and consumer electronics. LEDs are favored for their ability to produce bright, clear images in various lighting conditions, enhancing the user experience.

The OLED segment is expected to grow at the fastest rate from 2024 to 2032 due to continuous advancements in display technology and increased demand for high-quality imaging. OLEDs offer superior contrast ratios, viewing angles, and response times, making them ideal for avionics and premium automotive displays.

Key Market Segments:

By System

• Electronic Flight Display (EFD)
• Heads-Up Display (HUD)
• Helmet-Mounted Display (HMD)
• Portable and Flexible Multi-Function Display

By Platform

• Land
• Airborne
• Naval

By Technology

• LED
• LCD
• OLED
• Active-Matrix Liquid Crystal Display

North America Leads the MFD Market, While Asia Pacific Drives Growth with Industrialization and Smart Vehicle Adoption

In 2023, North America held the largest market share of 34%, driven by its advanced aerospace and defense sectors, particularly in the United States. Boeing, a key player in the aerospace industry, integrates Multi-Function Display (MFD) technology in both commercial and military aircraft, such as the Boeing 787 Dreamliner, enhancing situational awareness and operational efficiency. Stringent regulatory standards and a focus on aviation safety and performance further boost MFD demand.

The Asia Pacific region is expected to grow at the fastest CAGR from 2024 to 2032, fueled by rising industrialization and infrastructure investments. MFD technology adoption in industries like automotive, particularly in China and Japan, and the increased focus on smart vehicles and automation, will drive significant growth in the region.

Recent Development

-December 12, 2024 – Honeywell (NASDAQ: HON) has been selected by MDA Space Ltd. to provide satellite Attitude Control System products for their AURORA™ product line, enhancing satellite performance for Telesat’s LEO constellation. This collaboration underscores Honeywell’s innovation in the expanding satellite industry.

Table of Contents – Key Points Analysis

1. Introduction

2. Executive Summary

3. Research Methodology

4. Market Dynamics Impact Analysis

5. Statistical Insights and Trends Reporting

5.1 Multi-Function Display Technology Adoption Rates, by Region, (2020-2023)

5.2 Multi-Function Display Energy Consumption, by Region, (2020- 2023)

5.3 Multi-Function Display User Satisfaction and Ease of Use, by Region

6. Competitive Landscape

7. Multi-Function Display Market Segmentation, by System

8. Multi-Function Display Market Segmentation, by Platform

9. Multi-Function Display Market Segmentation, by Technology

10. Regional Analysis

11. Company Profiles

12. Use Cases and Best Practices

13. Conclusion

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