The market for cockpit displays was worth US$ 4.2 billion in 2022. It is anticipated to surpass US$ 7.3 billion by 2032. The market would grow at a CAGR of 5.7% from 2022 to 2032. The cockpit display systems allow the pilot and other crew members to see data and information. It would enable the pilot to fly the aircraft safely and carry out their task.
These gadgets can provide a connection between the pilot and the aircraft sensors. It offers information on the key flying details, guiding details, engine information, structural information, or warning details. One of the main factors propelling the market for cockpit displays is the quickly expanding aircraft sector.
The usage of cockpit displays is common on both commercial and military aircraft. They are frequently used in many different applications. These include trainers, combat aircraft, specialized reconnaissance aircraft, and helicopters.
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The growing automotive sector is helping to build the global market. Technological developments that will lead to the development of next-generation aircraft display systems are driving the industry.
Copilot displays are commonly used in buses, autos, and commercial vehicles. When the phrase “cockpit” is used, it often refers to the flight deck.
As more people fly, the aerospace and defense industries continue to grow on a global scale. The sector would keep growing during the anticipated period since low-cost flights are easily accessible.
It is also a result of growing border security concerns and rising global military spending. This mandate makes all governments raise their spending on defense. As a result of increased air traffic, the industry is expanding even further.
Increased commercial aircraft production and design would increase sales. Modern cockpit screens would be much sought after for better navigation and communication. Soon, they will be used in the next aircraft.
Key Takeaways from Cockpit Display Market Study
- The global aircraft cockpit display market exhibited a CAGR of 3.1% from 2017 to 2021.
- The North American 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’s cockpit displays 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.
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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 meager 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
Table of Content
1. Executive Summary | Cockpit Display Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.
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