The global cockpit display market size was USD 4.2 billion in 2022. It is likely to exceed USD 7.3 billion by 2032. The market would elevate at a CAGR of 5.7% from 2022 to 2032.
Cockpit display systems give the pilot and other crew members a visual representation of the data and information. It would enable the pilot to fly the aircraft safely and carry out the mission.
These systems can create a connection between both the pilot and the airplane sensors. It delivers information on the principal flight details, guidance knowledge, engine data, structural data, or warning information. One of the key factors propelling the cockpit display industry is the expanding aerospace sector.
Usage of cockpit displays is common in both military and civilian carriers. These are also extensively used in trainers, combat aircraft, helicopters, and specialized reconnaissance planes, among other applications.
Expanding automobile sector is further boosting the global market. Technical developments leading in the production of next-generation aviation display systems are propelling the market.
Cockpit displays are frequently used in commercial vehicles, trains, and automobiles. However, the term ‘cockpit’ usually refers to the flight deck.
With the expanding air passenger industry, the aerospace and defense sectors around the world are continuing to boom. The market would see consistent expansion in the forecast period owing to availability of low-cost flight tickets.
It is also due to rising global military spending, as well as heightened border security concerns. Governments worldwide need to raise their defense budgets as a result of this necessity. The sector is growing even more as a result of rising air traffic.
Growing production and designing of commercial aircraft would also spur sales. Cutting-edge cockpit displays for better communication and navigation would experience high demand. These will soon be installed in next-generation aircraft.
The global defense sector is expected to elevate during the forecast period. It would be a result of increased geopolitical dangers and rising global tensions. Surging defense spending by various nations such as China, India, and Japan would also boost sales.
Defense spending will benefit national security. It would help to create possibilities for defense companies and their distribution networks to meet the expanding demand. It would further enable them to boost production yields.
| Attributes | Key Insights |
|---|---|
| Cockpit Display Market Estimated Size (2022E) | USD 4.2 billion |
| Projected Market Valuation (2032F) | USD 7.3 billion |
| Value-based CAGR (2022 to 2032) | 5.7% |
| USA Value-based CAGR (2022 to 2032) | 4.6% |
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As per Future Market Insights, the aircraft cockpit display market exhibited a CAGR of 3.1% from 2017 to 2021. It would expand at a steady CAGR of 5.7% from 2022 to 2032.
The aerospace sector has been at the forefront of incorporating cockpit displays in recent years. Demand for customized cockpit displays has increased significantly. It is expected to supplement advanced cockpit display sales from 2022 to 2032.
Advanced graphical interfaces with avionics and human gestures are made possible by cockpit display systems in aircraft. It further enhances human-machine interaction.
Due to improved human-machine interaction that cockpit display systems provide, technological developments have raised their demand. These systems provide pilots the information they need such as airspeed, aircraft height, and airstream incidence. These can also enhance flight safety and effectiveness.
North America to Make Headway with Presence of Renowned Cockpit Display System Companies.
North America is set to generate a considerable cockpit display market share in the next ten years. Rising need for cockpit displays in the defense and aerospace sector has led to expansion of the market in North America.
Future Market Insights predicts that the region would exhibit a CAGR of around 41.3% from 2022 to 2032. Leading players across the region such as Avidyne Corporation are investing in research work to develop new products.
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Demand for Sophisticated Avionics Systems to Spur Sales in the USA by 2032
The USA cockpit display market is expected to be worth USD 2.4 billion by 2032. It would create an absolute dollar opportunity of USD 846.0 million from 2022 to 2032.
The USA market witnessed growth at a CAGR of 1.7% from 2017 to 2021. It is set to expand at a CAGR of 4.6% from 2022 to 2032.
Need for improved situational awareness and operational efficiency would spur cockpit display sales in the USA. Rapid expansion of the aerospace sector and rising demand for sophisticated avionics systems in military & commercial aircraft are also driving the market.
Expansion of the cockpit display industry would be further aided by development of cutting-edge technologies. These include electronic flight bags (EFBs), multi-function displays (MFDs), and head-up displays (HUDs).
Airplane Displays to Gain Traction in the United Kingdom with Rising Passenger Safety Concerns
The United Kingdom cockpit display market is expected to be worth USD 353.8 million by 2032. It would create an incremental opportunity of USD 133.8 million in the next ten years.
The United Kingdom showcased growth at a CAGR of 2.0% from 2017 to 2021. It is likely to flourish at a CAGR of 4.9% from 2022 to 2032.
Modernization of the Royal Air Force (RAF) and creation of new military aircraft would boost cockpit display demand in the military sector. Sales of sophisticated cockpit displays would also skyrocket in the commercial sector.
It is attributed to expansion of air travel. At the same time, surging attention being paid to passenger safety and comfort would propel growth in the United Kingdom.
Investments in Aerospace Sector in China to Bolster Demand for Electronic Flight Displays
China cockpit display market is set to be worth USD 624.9 million by 2032. It would create an absolute dollar growth of USD 296.9 million in the assessment period.
China witnessed growth at a CAGR of 4.6% from 2017 to 2021. It would expand at a CAGR of 6.7% from 2022 to 2032.
Industry participants may witness considerable development possibilities in China. It is due to rising need for cutting-edge cockpit displays in both military and commercial aircraft.
Rapidly expanding aerospace sector in the nation would also bode well for China. Presence of significant players in the avionics and aerospace industries is anticipated to further fuel market expansion.
Panoramic Cockpit Displays with a Size of 5 Inches to 10 Inches would Boost Demand
By display size, the 5 inches to 10 inches’ segment is projected to witness a lucrative CAGR of 5.3% from 2022 to 2032. It has several applications in the medical and aerospace & defense sectors. CAGR of the 5 inches to 10 inches display size segment was around 2.9% from 2017 to 2021.
Primary Flight Displays to Witness High Sales in the Field of Integrated Cockpit Display Systems
The most widely used cockpit display type is the primary flight display. Ongoing expansion of the aerospace and defense industry can be connected to the increasing need for these displays.
CAGR of the primary flight display segment was around 3.0% from 2017 to 2021. It is predicted to expand by 5.5% from 2022 to 2032.
Leading players in the global market are always coming up with innovative ways to provide high-quality products. They are aiming to patent their technologies and products.
A few other companies are looking forward to expanding their product ranges. Those players, who currently hold a tiny bi of market share, are constantly striving to broaden their reach in the cockpit display industry.
A few recent developments in the global cockpit display market are
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 4.2 billion |
| Projected Market Valuation (2032) | USD 7.3 billion |
| Value-based CAGR (2022 to 2032) | 5.7% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (USD billion) |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Covered | USA, United Kingdom, Germany, France, Spain, Italy, Japan, China, Singapore, Malaysia, Sri Lanka, Kingdom of Saudi Arabia, United Arab Emirates, South Korea, Finland, Hungary, Rest of the World |
| Key Segments Covered | Aircraft Type, Display Type, Display Size, Region |
| Key Companies Profiled | Aspen Avionics Inc.; Avidyne Corporation; Dassault Systemes SE; Dynon Avionics; Elbit Systems; TransDigm; Garmin Ltd.; Honeywell Aerospace Inc.; L-3 Communication Holdings Inc.; Rockwell Collins Inc.; Northrop Grumman Corporation |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Market Dynamics and Challenges, and Strategic Growth Initiatives |
By 2033, the market is anticipated to hit a value of USD 7.3 billion.
The market is going to experience a 5.7% CAGR through 2033.
The United States market records a CAGR of 4.6%.
The display size category of 5 inches to 10 inches tends to encounter an economic CAGR of 5.3%.
In China market, the CAGR is 6.7% between 2023 and 2033.
From 2023 to 2033, the United Kingdom market to encounter a CAGR of 4.9%.
| Market Size (2022) | USD 15.2 billion |
|---|---|
| Projected Market Size (2032) | USD 25 billion |
| Value-based CAGR (2022 to 2032) | 5.1% |
| Market Estimated Value (2023) | USD 1,795.1 Million |
|---|---|
| Market Projected Value (2033) | USD 8,010.6 Million |
| CAGR% (2023 to 2033) | 16.1% |
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