The multi-function display report provides a market analysis of the MFD market for the next five years. It contains an analysis of drivers, challenges, and restraints that impact the industry. It also discusses the industry, market, and technology trends that currently prevail in the market. It provides the market size of the multi-function display market over the next five years and talks about the market share of different sub-sectors for each region.
Multi-function display market research report categorizes the global market on the basis of technology, systems, application, geography, forecast revenues, and market share in each of the sub-sectors. The market is segmented into land-based, naval, and airborne platforms, of which airborne systems are expected to occupy 46% of the market share by 2020. The report is also classified based on six major technology parameters (LED, LCD, AMLCD, TFT, OLED, and Synthetic Vision).The market size of these display systems are also calculated with respect to each region. The lifecycle of a MFD system is about ten to fifteen years, and the research and development process generally takes about four to five years.One of the most significant accomplishments of the multi-function map display in glass-cockpits is to allow flight crews to assess their lateral position as determined by the navigation task. This allows flight crews to derive the relative position information required to perform, comprehend lateral flight planning, and guidance tasks.
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Asia-Pacific is expected to revamp their technology platforms in future to meet the changing demands of the stakeholders in multi-function display industry. Asia-Pacific and the Middle East region will grow in leaps and bounds during the forecast period. One of the reasons for their growth is the military Keynesianism.
Despite the sequestration and an economic turbulence in the North American and European region, there will be a demand for multi-function display systems, due to technology advancements and robust R&D initiatives by the major players in this region. The Blue Ocean strategies in this sector will help the market grow at a rapid pace. The APAC countries will focus on growth, will try to create an uncontested market space, and direct their region’s economies on a higher trajectory for the long run.
The aerospace & defense companies face added pressure to improve productivity and respond to stringent government regulations due to highly competitive markets. Universal Avionics, Barco N.V., and Elbit Systems will also seek new opportunities in multi-function display market. Synthetic Vision Systems (SVS) are characterized by the capability to represent visual information and cues of the environment external to the aircraft that are in-built and resemble visual flight conditions with unlimited ceiling and visibility.
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While designing a multi-function display unit, decisions must be made to map various parts of the information hierarchy to user actions. Mapping hierarchy information to MFD buttons will be one of the major challenges of this market.Factors such as pathway guidance, cognitive tunneling, and display integration will be imperative which will significantly impact the growth of this market during the forecast period.
The range of technologies available with respect to MFD systems is increasingly diverse and their rapid evolution drives the demand for aerospace and defense systems.The increasing demand for head-up displays, helmet-mounted displays, and wearable displays will hold critical importance in this market.Capacitive touchscreen panels and advanced sensor systems will also fuel the multi-function display market during the forecast period.