Dublin, Sept. 24, 2024 (GLOBE NEWSWIRE) -- The "Multi-Function Displays - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Multi-Function Displays is estimated at US$18.8 Billion in 2023 and is projected to reach US$30.3 Billion by 2030, growing at a CAGR of 7.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the Multi-Function Displays market is driven by several factors, including the ongoing modernization of transportation infrastructure and military equipment. As aircraft and ships become more technologically advanced, the need for sophisticated display systems that can integrate and effectively present complex data grows. This demand is further bolstered by the increasing emphasis on safety and efficiency in transportation, which relies heavily on advanced navigational and operational systems displayed via MFDs.
Regulatory changes in aviation and maritime safety, which often mandate the use of advanced technologies to reduce human error, also play a significant role in driving MFD adoption. Moreover, consumer behavior, especially in the luxury and commercial sectors, shows a preference for vehicles equipped with state-of-the-art technologies, influencing manufacturers to invest in high-quality display systems. Thus, technological, regulatory, and consumer-driven demands collectively fuel the expansion and innovation in the MFD market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Land-based Platform segment, which is expected to reach US$14.4 Billion by 2030 with a CAGR of a 7.1%. The Airborne Platform segment is also set to grow at 7.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $5.1 Billion in 2023, and China, forecasted to grow at an impressive 11.2% CAGR to reach $6.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Anuva Technologies Pte Ltd., Astronautics Corporation of America, CMC Electronics Inc, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $18.8 Billion |
| Forecasted Market Value (USD) by 2030 | $30.3 Billion |
| Compound Annual Growth Rate | 7.1% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Multi-Function Displays - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Advances in Display Technology Propel Growth in Multi-Function Display Markets
- Increasing Demand for Situational Awareness in Aviation Spurs Market Innovations
- Growing Focus on Enhanced Driver Information Systems Strengthens Automotive Applications
- Rising Adoption of Glass Cockpit Systems in General Aviation Drives Upgrades
- Technological Innovations in Touchscreen Capabilities Enhance User Interfaces
- Enhanced Focus on Connectivity and Integration Spurs Development of Smart Displays
- Development of Autonomous Vehicles Boosts Demand for Advanced Display Systems
- Advances in 3D and Augmented Reality Displays Enhance Visualization Capabilities
- Integration of AI and Machine Learning for Adaptive Display Content
FOCUS ON SELECT PLAYERS (Total 86 Featured)
- Anuva Technologies Pte Ltd.
- Astronautics Corporation of America
- CMC Electronics Inc
- Collins Aerospace
- CS Group
- Data Patterns (India) Ltd.
- Honeywell Aerospace Technologies
- L3Harris Technologies, Inc.
- Leonardo DRS
- Logic Fruit Technologies
- Marine Data Systems Limited
- Mercury Systems, Inc.
- Radiant Power Corp
- Simrad Yachting - Brand of Navico Group
- Suzuki Motor Corporation
- Universal Avionics Systems Corporation
- Zen Micro Systems
For more information about this report visit https://www.researchandmarkets.com/r/51t2hd
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