According to a new market research report "Multi-Function Display (MFD) Market by Platforms (Land, Airborne, Naval), by Systems (Electronic Flight Displays, Head-up Displays, Helmet-Mounted Displays, Portable Multi-function Displays), by Technology (LED, LCD/AMLCD, TFT, OLED, Synthetic Vision), by Size (<5", 5"-10", 10"-15"), by Geography (North America, APAC, Europe, the Middle East, ROW) - Global Forecasts, Trends & Analysis to 2014 - 2020" published by MarketsandMarkets, the multi-function display (MFD) market is estimated to be $8.92 Billion in 2014 and is expected to register a CAGR of 9.12% to reach $15.06 Billion by 2020.
This report provides a market analysis of the Multi-Function Display Market for the next five years. It provides an overview of drivers, challenges, and restraints that impact the industry. It also discusses the industry, market, and technology trends that currently prevail in the multi-function display market. It tracks, analyzes, and lays out the market size of the major spenders in each region and analyses technologies such as Light Emitting Diode (LED), Active Matrix Liquid Crystal Display (AMLCD), Thin-film transistor (TFT), Organic Light Emitting Diode (OLED), and Synthetic Vision. The report also evaluates the market share through procurement, integration, and maintenance .It provides information of the leading competitors in the MFD market.
It also provides details on their financial positions, key products, their unique selling points, and key developments. This research report also segments the market on the basis of application, region, country, forecasting revenues, market share, and analyzing trends in each of the sub-sectors.
The market will unlock the growth potential in avionic flight displays, head-mounted displays, helmet-mounted displays, head-up displays, and portable multi-function displays. Progressive technologies and Blue Ocean strategies will be implemented during the forecast period and there will be an increasing demand for more integrated systems across all platforms, especially airborne systems. Electronic Flight Displays and portable ruggedized military grade MFDs will continue to evolve and add value to the MFD capabilities. The number of aircraft deliveries is expected to increase by 2020, which will stimulate the growth of the MFD market in the commercial and defense industry.
Portable multi-function displays, heads-up displays, and helmet-mounted displays will proliferate rapidly during the forecast period. The technological boom in this market, especially in software architecture will create an increasing demand for integrated MFDs.
