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Aircraft Cockpit Display System Market Size (2024 - 2029)

The Aircraft Cockpit Display Systems Market is experiencing growth driven by the increasing demand for new aircraft and upgrades to existing avionics. This expansion is fueled by the broader growth of the aviation industry and the need for enhanced safety, situational awareness, and efficiency in flight operations. The market's expansion is further supported by the demand for automated flight control and lightweight components with advanced functionalities. However, challenges such as display blackouts due to system failures and increased complexity may hinder market growth during the forecast period.

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Market Size of Aircraft Cockpit Display System Industry

Aircraft Cockpit Display System Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

Aircraft Cockpit Display System Market Analysis

The Aircraft Cockpit Display Systems Market is valued at USD 2.81 billion in 2023 and is expected to grow to USD 3.58 billion in 2028, registering a CAGR of 5% during the forecast period (2023-2028).

The aircraft cockpit display system market is primarily dependent on the demand for new aircraft and upgrades of avionics for existing aircraft. The aviation industry is growing, and the procurement of new aircraft is being done on a large scale in all the regions of the world. It is generating a huge demand for the entire supply chain of the aircraft, which includes the cockpit components.

The market is growing rapidly due to the growing need for enhanced safety, situational awareness, and efficiency. Also, the increasing focus on automated flight control and demand for lightweight components with advanced functionalities and better accuracy are fueling the growth of the market. However, display blackouts due to system failure and increased complexity are projected to restrain the market growth during the forecast period.

Aircraft Cockpit Display System Industry Segmentation

Aircraft cockpit displays are used in electronic flight instrument systems (EFIS) as flight deck instrument display systems that show flight data electronically.

The aircraft cockpit display systems market is segmented by type, display size, application, and geography. By type, the market is segmented into primary flight display, multifunction display (MFD), engine-indicating, and crew alerting system (EICAS). By display size, the market is segmented into less than 5 inches, 5 to 10 inches, and greater than 10 inches. By application, the market is segmented into military and commercial. By geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The market sizing and forecasts are provided in value (USD).

Type
Primary Flight Display (PFD)
Multifunction Display (MFD)
Engine Indicating and Crew Alerting System (EICAS)
Display Size
Less Than 5 Inches
5 to 10 Inches
Greater Than 10 Inches
Application
Military
Commercial
By Geography
North America
United States
Canada
Europe
United Kingdom
France
Germany
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
Saudi Arabia
South Africa
United Arab Emirates
Rest of Middle East and Africa
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Aircraft Cockpit Display System Market Size Summary

The Aircraft Cockpit Display Systems Market is experiencing significant growth, driven by the increasing demand for new aircraft and the modernization of avionics in existing ones. This expansion is fueled by the aviation industry's overall growth and the substantial procurement of aircraft worldwide, which boosts the demand for cockpit components. The market's growth is further propelled by the need for enhanced safety, situational awareness, and efficiency, alongside a rising focus on automated flight control and the demand for lightweight, advanced, and accurate components. However, challenges such as display blackouts due to system failures and increased complexity may hinder market expansion during the forecast period.

The market is also witnessing a surge in the adoption of multi-functional displays, particularly in military aircraft, as countries modernize their defense capabilities. This trend is exemplified by initiatives like Russia's Checkmate fighter and India's Advanced Medium Combat Aircraft, which incorporate advanced display systems to improve pilot situational awareness. The Asia-Pacific region is expected to lead in growth, driven by substantial investments in aviation from countries like India and China, and a rising demand for commercial aircraft due to increased air traffic. The market is moderately consolidated, with key players like THALES, Collins Aerospace, Elbit Systems Ltd., Garmin Ltd., and Aspen Avionics, and is anticipated to see further consolidation through mergers and acquisitions, enhancing service quality and expanding technological offerings.

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Aircraft Cockpit Display System Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Primary Flight Display (PFD)

      2. 2.1.2 Multifunction Display (MFD)

      3. 2.1.3 Engine Indicating and Crew Alerting System (EICAS)

    2. 2.2 Display Size

      1. 2.2.1 Less Than 5 Inches

      2. 2.2.2 5 to 10 Inches

      3. 2.2.3 Greater Than 10 Inches

    3. 2.3 Application

      1. 2.3.1 Military

      2. 2.3.2 Commercial

    4. 2.4 By Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

      2. 2.4.2 Europe

        1. 2.4.2.1 United Kingdom

        2. 2.4.2.2 France

        3. 2.4.2.3 Germany

        4. 2.4.2.4 Russia

        5. 2.4.2.5 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 India

        3. 2.4.3.3 Japan

        4. 2.4.3.4 South Korea

        5. 2.4.3.5 Rest of Asia-Pacific

      4. 2.4.4 Latin America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Rest of Latin America

      5. 2.4.5 Middle East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 United Arab Emirates

        4. 2.4.5.4 Rest of Middle East and Africa

Aircraft Cockpit Display System Market Size FAQs

The Aircraft Cockpit Display System Market is projected to register a CAGR of 5% during the forecast period (2024-2029)

Collins Aerospace (RTX Corporation), Elbit Systems Ltd., Garmin Ltd., Aspen Avionics and THALES are the major companies operating in the Aircraft Cockpit Display System Market.

Aircraft Cockpit Display System Market Report Snapshots

AIRCRAFT COCKPIT DISPLAY SYSTEMS MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2024 - 2029)