The Display For Avionics Applications Market is being driven by Growing demand for automation
The Display For Avionics Applications Market is expected to grow at a CAGR of 4.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1411.5 million. In the realm of avionics applications, the development of advanced systems to enhance aircraft safety is of paramount importance. Notable advancements include the auto-GCAS system, created in collaboration between NASA, the US Air Force, and Lockheed Martin in 2010. This system, which continuously monitors an aircraft's position and distance from the ground, provides real-time status updates and assists pilots during critical situations, ultimately preventing potential accidents. In the military aviation sector, the US Navy has recognized the need for upgrades to the flight-control software in its combat aircraft to minimize the risk of ground collisions. Specifically, the Navy Boeing F/A-18C/D light-attack bombers are being upgraded to prevent Controlled Flight into Terrain (CFIT) incidents. These incidents can occur when pilots are fixated on targets during attack dives, spatially disoriented, lose consciousness, or experience other medical conditions. By enhancing the avionics and software of these aircraft, the Navy aims to mitigate the risk of CFIT incidents and ensure the safety of its pilots during challenging missions.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
227 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
Market growth 2025-2029 |
USD 1411.5 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
4.3 |
Key countries |
US, Canada, UK, China, France, Germany, Mexico, India, Italy, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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In the avionics industry, advanced displays play a crucial role in enhancing cockpit ergonomics and ensuring safe and efficient flight operations. These displays require robust controllers and drivers to manage data from various sensors, including GPS navigation and radio communication. Embedded systems integrate these components, enabling data logging and real-time display of critical information. HMI and AR technologies offer enhanced night vision imaging and virtual cockpit experiences. Display performance monitoring, redundancy systems, fail-safe mechanisms, calibration software, testing equipment, and certification are essential for maintaining optimal display functionality and safety.
The global electronics market encompasses manufacturers of various sub-sectors, including communications equipment, technology hardware and peripherals, electronic components, consumer electronics, and industrial electronics, as well as electronic manufacturing services. Among these, the electronic equipment and instruments segment is a significant contributor to the market's growth. According to Technavio, this segment's size is determined by the revenue generated from the sales of associated ICT and electronics products, such as cockpit displays, flight instrument displays, head-up displays (HUD), navigation displays, and multi-function displays (MFD). The market's expansion will be driven by the escalating demand for electronic test and measurement equipment. This demand is fueled by technological advancements and digital transformation across industries, including semiconductors, automotive, IT, consumer electronics, industrial, energy, and medical devices.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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