The cockpit display industry was estimated to be worth $4.2 billion by 2022. By 2032, it is predicted to exceed US$7.3 billion. From 2022 to 2032, the market will grow at a CAGR of 5.7%. The cockpit display systems allow the pilot and other crew members to see data and information. It would enable the pilot to safely fly the aircraft and fulfill their mission.
These gadgets can establish communication between the aircraft’s sensors and the pilot. It gives information on the primary flying parameters, guidance information, engine data, structural data, and warning data. The rapidly growing aviation sector is one of the primary drivers of the cockpit display market.
Cockpit displays are frequently used in both military and commercial carriers. They are also widely adopted in a variety of applications. These include helicopters, specialist reconnaissance aircraft, combat aircraft, and trainers.
The global market is being further boosted by the expanding automotive industry. The industry is being driven by technological advancements that will result in the creation of next-generation aviation display systems.
In trains, cars, and commercial vehicles, cockpit displays are frequently utilized. The flight deck is typically referred to when the term ‘cockpit’ is used.
The aerospace and defense industries are continuing to broaden globally as a result of rising air passengers. Due to the accessibility of inexpensive flights, the industry would continue to expand during the predicted period.
It is further brought on by rising international military expenditures and increased border security worries. This requirement forces all governments to increase their defense spending. The sector is developing even more as a result of rising air traffic.
Sales would be boosted by increasing commercial aircraft manufacturing and design. Modern cockpit screens would be in high demand for improved communication and navigation. They will soon be incorporated into upcoming aircraft.
Key Takeaways from Cockpit Display Market Study
- The global aircraft cockpit display market exhibited a CAGR of 3.1% from 2017 to 2021.
- North America aircraft cockpit display market would showcase around 41.3% CAGR from 2022 to 2032.
- The USA cockpit display market is expected to be worth US$ 2.4 billion by 2032.
- China cockpit display market size is set to cross US$ 624.9 million by 2032.
- By display size, the 5 inches to 10 inches’ segment would witness a lucrative CAGR of 5.3% from 2022 to 2032
“Growth is anticipated in the global military sector throughout the projection period. Increased geopolitical risks and escalating international tensions would be the cause. Sales would also increase if countries such as China, India, and Japan surged their defense spending.” – Says a lead analyst.
Competitive Landscape: Cockpit Display Market
Global market leaders are constantly thinking of new, creative methods to offer high-quality items. They want to patent their innovations and goods.
A few other businesses are eager to broaden their product offerings. Those who collectively account for a meagre portion of the market, are looking to increase their market share.
For instance,
- In February 2021, Luxoft was acquired for US$ 2 billion by DXC Technology Company. The latter is a USA-based vendor of IT services. With this acquisition, DXC Technology Corporation aims to better serve clients’ digital needs. It wants to hold onto its market-leading position. From its headquarters in Switzerland, Luxoft offers digital cockpit options through the development, use, testing, and maintenance of head-up displays, rear-seat infotainment systems, and head-unit devices.
Cockpit Display Market Outlook by Category
By Aircraft Type:
- Cargo Aircraft
- Fighter Aircraft
- Helicopter
- Air Transport
- Trainer Aircraft
- General Aviation
- Business Jet
By Display Type:
- Primary Flight Display
- Multi-function Display
- Backup Display
- Mission Display
By Display Size:
- Less than 5 Inches
- 5 inches to 10 Inches
- More than 10 Inches
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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