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Multi-Function Display (MFD) Global Market Report 2025
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A multi-function display (MFD) is an electronic screen designed to showcase various types of information from different sources in one integrated interface. It consolidates and presents real-time data such as navigation, system monitoring, communication, weather updates, and other essential details. The MFD enhances situational awareness, boosts operational efficiency, and improves safety by offering a unified and user-friendly display of critical information.

The main types of multi-function displays (MFD) include electronic flight displays (EFD), head-up displays (HUD), head-mounted displays (HMD), helmet-mounted displays (HMD), and portable multi-function displays. Electronic flight displays (EFD) are a specific type of MFD used in aviation, particularly within aircraft cockpits, to present flight and navigation data digitally to pilots. These displays integrate multiple flight instruments, such as altimeters, airspeed indicators, navigation maps, radar, and engine monitoring systems, into a single, easy-to-read interface. This integration improves situational awareness and operational efficiency. Technologies used to build these displays include liquid crystal display (LCD), organic light-emitting diode (OLED), light-emitting diode (LED), thin-film transistor (TFT), and vertical alignment (VA). These MFD systems are deployed across various platforms, including airborne, land, and naval, and are utilized in applications such as aviation, marine, automotive, consumer electronics, and industrial sectors.

The multi-function display (MFD) market research report is one of a series of new reports from The Business Research Company that provides multi-function display (MFD) market statistics, including the multi-function display (MFD) industry's global market size, regional shares, competitors with a multi-function display (MFD) market share, detailed multi-function display (MFD) market segments, market trends and opportunities, and any further data you may need to thrive in the multi-function display (MFD) industry. This multi-function display (MFD) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The multi-function display (MFD) market size has grown rapidly in recent years. It will grow from $21.65 billion in 2024 to $24.14 billion in 2025 at a compound annual growth rate (CAGR) of 11.5%. The growth during the historic period can be attributed to the increasing adoption of digital cockpits in aviation, a higher demand for improved situational awareness, military modernization initiatives, the rise in commercial aircraft production, and the growing demand for automation.

The multi-function display (MFD) market size is expected to see rapid growth in the next few years. It will grow to $36.98 billion in 2029 at a compound annual growth rate (CAGR) of 11.3%. The growth during the forecast period can be attributed to the rising demand for next-generation aircraft systems, an increased focus on lightweight and compact displays, expanding applications in the automotive and maritime sectors, growing investments in defense avionics upgrades, and advancements in augmented reality (AR) integration. Key trends expected during this period include the development of touchscreen multi-function displays, the integration of artificial intelligence (AI) and machine learning for smart displays, the adoption of organic light-emitting diode (OLED) technology, the customization and modularization of display systems, and a greater emphasis on cyber-secure display solutions.

The increasing demand for energy-efficient displays is expected to drive the growth of the multi-function display (MFD) market in the coming years. Energy-efficient displays are designed to consume less power while delivering high performance in terms of brightness, color quality, and responsiveness. This growing demand is largely driven by heightened consumer awareness of environmental impact, which leads to a preference for products that reduce energy consumption and carbon footprints. MFDs contribute to energy efficiency by integrating multiple functions into a single, low-power display, eliminating the need for separate energy-intensive devices. For example, in November 2024, the European Commission, a Belgium-based executive body of the European Union (EU), reported that approximately 70 million electronic displays, including energy-efficient TVs, computer monitors, and signage displays, are sold annually in the EU, generating around $34.12 billion (€30 billion) in revenue. The stock of such displays is expected to reach around 600 million units by 2030. As a result, the increasing demand for energy-efficient displays is fueling growth in the multi-function display (MFD) market.

Leading companies in the multi-function display (MFD) market are increasingly focusing on incorporating artificial intelligence (AI) and dynamic energy-saving technologies to boost efficiency and sustainability. These technologies optimize energy consumption by adjusting parameters including brightness and contrast based on content and ambient lighting conditions, ensuring energy efficiency while maintaining high display quality. For example, in October 2024, Furuno Electric Co. Ltd., a Japan-based marine electronics company, launched the TZTBBX Black Box Multi-Function Display. This advanced navigation system, designed for both professional and recreational maritime users, is powered by a robust hexacore processor and features an intuitive multi-touch interface. A key highlight of the TZTBBX is its ability to support up to six simultaneous split-screen views on displays of virtually any size, offering highly customizable and efficient operation. Additionally, the TZTBBX incorporates the innovative TZ MAPS platform, which utilizes AI-enhanced routing features to optimize safety and efficiency during navigation.

In July 2024, Aspen Avionics Inc., a U.S.-based manufacturer of aircraft avionics, teamed up with Electronics International Inc. to integrate engine monitoring capabilities into Aspen's Evolution multi-function displays. This collaboration enables pilots to view essential engine data, such as fuel flow and temperature readings, directly on the MFD screen, improving situational awareness and reducing the workload in the cockpit. Electronics International Inc. is a US-based company specializing in the development and manufacturing of advanced engine monitoring systems for aircraft.

Major players in the multi-function display (mfd) market are RTX Corporation, Lockheed Martin Corporation, Honeywell International Inc., BAE Systems plc., Eaton Corporation plc, Thales S.A., Elbit Systems Ltd, Teledyne Technologies Incorporated, Garmin Ltd, Saab AB, Esterline Technologies Corporation, Barco NV, Astronautics Corporation of America, Universal Avionics Systems Corporation, CMC Electronics Inc., Avidyne Corporation, Aspen Avionics Inc., Samtel Hal Display Systems Limited, Simrad Yachting, and IRTS.

North America was the largest region in the multi-function display (MFD) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in multi-function display (MFD report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the multi-function display (MFD) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The multi-function display (MFD) market consists of sales of primary flight displays, navigation displays, and tactical displays. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Multi-Function Display (MFD) Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on multi-function display (mfd) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Where is the largest and fastest growing market for multi-function display (mfd) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The multi-function display (mfd) market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Scope

Table of Contents

1. Executive Summary

2. Multi-Function Display (MFD) Market Characteristics

3. Multi-Function Display (MFD) Market Trends And Strategies

4. Multi-Function Display (MFD) Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

5. Global Multi-Function Display (MFD) Growth Analysis And Strategic Analysis Framework

6. Multi-Function Display (MFD) Market Segmentation

7. Multi-Function Display (MFD) Market Regional And Country Analysis

8. Asia-Pacific Multi-Function Display (MFD) Market

9. China Multi-Function Display (MFD) Market

10. India Multi-Function Display (MFD) Market

11. Japan Multi-Function Display (MFD) Market

12. Australia Multi-Function Display (MFD) Market

13. Indonesia Multi-Function Display (MFD) Market

14. South Korea Multi-Function Display (MFD) Market

15. Western Europe Multi-Function Display (MFD) Market

16. UK Multi-Function Display (MFD) Market

17. Germany Multi-Function Display (MFD) Market

18. France Multi-Function Display (MFD) Market

19. Italy Multi-Function Display (MFD) Market

20. Spain Multi-Function Display (MFD) Market

21. Eastern Europe Multi-Function Display (MFD) Market

22. Russia Multi-Function Display (MFD) Market

23. North America Multi-Function Display (MFD) Market

24. USA Multi-Function Display (MFD) Market

25. Canada Multi-Function Display (MFD) Market

26. South America Multi-Function Display (MFD) Market

27. Brazil Multi-Function Display (MFD) Market

28. Middle East Multi-Function Display (MFD) Market

29. Africa Multi-Function Display (MFD) Market

30. Multi-Function Display (MFD) Market Competitive Landscape And Company Profiles

31. Multi-Function Display (MFD) Market Other Major And Innovative Companies

32. Global Multi-Function Display (MFD) Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Multi-Function Display (MFD) Market

34. Recent Developments In The Multi-Function Display (MFD) Market

35. Multi-Function Display (MFD) Market High Potential Countries, Segments and Strategies

36. Appendix

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