Global Multi-Function Display (MFD) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Platforms;

Land, Airborne and Naval.

By Systems;

Electronic Flight Displays, Head-up Displays, Helmet-Mounted Displays and Portable Multi-function Displays.

By Technology;

LED, LCD/AMLCD, TFT, OLED and Synthetic Vision.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn575070959 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Multi-Function Display (MFD) Market (USD Million), 2021 - 2031

In the year 2024, the Global Multi-Function Display (MFD) Market was valued at USD 20,301.53 million. The size of this market is expected to increase to USD 37,350.98 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.1%.

The global multi-function display (MFD) market is expected to experience significant growth in the coming years, driven by technological advancements and improved system efficiency. The market's expansion will be fueled by increased adoption in various applications such as Head-Up Displays (HUDs), Head-Mounted Displays (HMDs), helmet-mounted displays, avionic flight displays, and portable multi-function displays. Particularly in airborne systems, there is a rising demand for integrated MFD systems across different platforms, which is anticipated to drive market growth.

Moreover, the implementation of Blue Ocean strategies is expected to further propel the MFD market forward. Innovations in portable military-grade displays and electronic flight displays are enhancing the capabilities of MFDs, creating new opportunities for market growth. The military sector, in particular, continues to drive advancements in electronic flight displays, further boosting market expansion.

The emergence of reflective micro-display technologies and advancements in technologies like synthetic vision systems and Active Matrix Liquid Crystal Displays (AMLCDs) are also key growth drivers. These technologies enable MFDs to display high-resolution graphics such as Doppler weather radar images and engine operation data, leveraging ground-based radar and data-link networks for enhanced situational awareness.

However, challenges such as declining defense budgets and the complexity of system architectures could potentially hinder market growth. Despite these challenges, ongoing developments in software architecture are expected to play a crucial role in overcoming obstacles and driving the adoption of advanced MFD systems across diverse applications in the global market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Platforms
    2. Market Snapshot, By Systems
    3. Market Snapshot, By Technology
    4. Market Snapshot, By Region
  4. Global Multi-Function Display (MFD) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Adoption in Automotive Applications
        2. Government Regulations
      2. Restraints
        1. High Development Costs
        2. Supply Chain Disruptions
      3. Opportunities
        1. Rapid Urbanization and Smart City Initiatives
        2. Focus on Energy Efficiency
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Multi-Function Display (MFD) Market, By Platforms, 2021 - 2031 (USD Million)
      1. Land
      2. Airborne
      3. Naval
    2. Global Multi-Function Display (MFD) Market, By Systems, 2021 - 2031 (USD Million)
      1. Electronic Flight Displays
      2. Head-up Displays
      3. Helmet-Mounted Displays
      4. Portable Multi-function Displays
    3. Global Multi-Function Display (MFD) Market, By Technology, 2021 - 2031 (USD Million)
      1. LED
      2. LCD/AMLCD
      3. TFT
      4. OLED
      5. Synthetic Vision
    4. Global Multi-Function Display (MFD) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Collins Aerospace
      2. Thales Group
      3. Garmin Ltd
      4. Barco
      5. Honeywell International Inc
      6. Transdigm Group, Inc
  7. Analyst Views
  8. Future Outlook of the Market