Market Overview:
The global aircraft cockpit display system market could attain a CAGR of 4% during the forecast period (2017-2023), asserts Market Research Future (MRFR).
Prominent Companies:
The prominent companies shaping the worldwide aircraft cockpit display system market include Rockwell Collins Inc. (U.S.), Dynon Avionics (U.S.), Elbit Systems Ltd. (Israel), Universal Avionics Display Type Corporation (U.S.), Aspen Avionics Inc. (U.S.), Honeywell Aerospace Inc. (U.S), L-3 Communication Holdings Inc. (U.S.), Northrop Grumman Corporation (U.S.), Avidyne Corporation (U.S.), Thales SA (France), Garmin Ltd. (U.S.), Esterline Technologies Corporation (U.S.), among others.
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Market Drivers and Top Restraints:
Aircraft cockpit displays system helps pilots efficiently monitor and control the aircraft to improve the flight operational safety with the use of flight management systems. Cockpit display systems play an integral role in airline companies as they help elevate the aircraft capabilities in the form of enhanced human-machine interface.
Aircraft cockpit display systems, owing to a host of benefits, enjoys massive demand and consequently, its market notes high accruals every year. These advanced systems offer a horde of advantages, with the prime one being the popping up feature that helps alert the pilot about any risky element that could be coming their way. Furthermore, robust demand for system automation, as well as high standard military aircraft, benefits the global market.
Some additional factors that add to the market strength include the soaring demand for lightweight display system with better accuracy and more functionalities, improved safety, automation and situational awareness. The increasing defense budgets of developing nations across the globe stimulates market growth as well.
Market Segmentation:
The worldwide aircraft cockpit display system market has been dissected depending on display type and platform.
In terms of display type, the market includes multi-functional display (MFD), primary flight display (PFD), engine-indicating and crew alerting system (EICAS). Between these, multi-functional display finds higher use in aircrafts and that’s why has managed to garner the highest share in the market. The segment’s top position is the result of the rising need for advanced avionics system. Also, growing requirement for real-time data sharing as well as high efficiency boosts the demand for multi-functional display system.
With respect to platform, the segments are commercial and military. Out of these, commercial aircraft enjoys maximum demand in the aircraft cockpit display system market. This could be due to rising demand for new commercial aircraft as well as surging need for avionics in existing aircraft.
Regional Analysis:
The aircraft cockpit display system market is spread across the primary regions of Asia Pacific (APAC), Europe, the Americas, and Rest of the World (RoW).
North America is the most profitable market for aircraft cockpit display systems in the world and has acquired the largest share. The United States (US), given the presence of highly developed defense and aerospace sectors, has landed the top position in the region. The regional market gets a boost from the high number of renowned vendors along with the introduction of favorable government policies. Simultaneously, the vast number of aircraft carrier manufacturers in the region has a lucrative effect on the market to a great extent.
Manufactures and OEMs in Europe are making considerable investments in surveillance technologies. For instance, Honeywell Aerospace along with Rockwell Collins has launched an advanced cockpit technology that curbs the challenges associated with rotary-wing military aircraft functioning in deteriorated visual environments. Furthermore, Rockwell Collins held a DARPA program to create a SVAB that generates an integrated 3-D view of the operational environment.
APAC now ranks among the most lucrative markets for aircraft cockpit display system in the world. Soaring demand for aircraft cockpit display system is in conjunction with the strengthening economy in nations like India, China as well as South East Asian countries. Improving economy in the region increases the purchasing power as well as accessibility, which also works in favor of the market. The aircraft cockpit display systems market in the region also profits from rising investment in surveillance technologies.
Aircraft Cockpit Display System Market Research Report – Global Forecast 2023 information at:
https://www.marketresearchfuture.com/reports/aircraft-cockpit-display-system-market-5858
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