Cockpit Display Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Display Type (Mission Display, Driver Assist Display), By Display Technology (CRT, LCD, LED, Plasma), By Vehicle Type (Train, Military Vehicle, Automotive/Motor Vehicle, Aircraft, Others), By Screen Size (Small, Medium, Large), By Screen Type (Traditional, Touchscreen), And By Geography- Forecasts From 2020 To 2025

Published:  May 2021 Report Code: KSI061610867 Pages: 129

The cockpit display market is expected to surge with a CAGR of 8.98% to achieve a market size of US$37.322 billion by 2025, from US$22.283 billion in 2019. Cockpit display systems provide the visual presentation of the data and information to the pilot (in the case of an aircraft) and crew members in order to enable the pilot to fly the aircraft safely and in the successful accomplishment of the mission.

It provides an interface between the aircraft sensors and the pilot to provide information regarding the primary flight information, navigation information, engine data, airframe data, or warning information. The growing aerospace industry is one of the major drivers of the global cockpit display market. Cockpit displays are widely used in civil and military transports, trainers, fighters, helicopters, special surveillance aircraft, and many other applications. Also, the growing automotive industry is fueling the market demand in the forecast period. Furthermore, technological advancements resulting in the manufacturing of next-generation cockpit display systems are augmenting the market growth in the forecast period. Even though the cockpit refers to the flight deck, the use of cockpit displays is widely seen in cars, trains, and commercial vehicles.

On the basis of geography, North America and Europe are expected to hold a significant market share due to the adoption of early technological innovations, in addition, to having a robust military industry, especially in the North American region. Currently, the United States is leading the global aerospace and defense industry. On the other hand, the Asia Pacific region will witness a high market growth rate and is assumed to be the fastest-growing region during the forecast period due to the presence of a large consumer base with the increasing number of air passenger traffic especially in the emerging economies of India and China. According to the International Air Transport Association (IATA) estimates the APAC is considered to be the biggest driver of air passenger demand during the period 2015 to 2035. Nearly more than 50% of the new air passengers are likely to come from this region. In the near future, by 2024, China is expected to replace the United States as the world’s major aviation market. India from the APAC region is expected to replace the United Kingdom, ranking third by 2025. While Indonesia and Japan will be ranked in the 5th and 7th positions respectively in the global aviation market.

 Additionally, with the increasing defense expenditure of the South-East Asian countries, the market for cockpit displays shows immense potential to thrive in the forecast period.

Furthermore, with the growing automotive industry, the market is projected to grow at a significant pace. In 2016, Thailand was the largest automotive producer in Southeast Asia. According to the Thailand Automotive Institute estimates, the country increased its automotive production (passenger car, one-ton pickup, and commercial car) from 1.88 million units in 2014 to 1.94 million units in 2016. The country expects to surge its production to around 3.5 million units by 2020. 

cockpit display market

Global multinational firms are working on gaining market share with the growing consumer demand for safety, comfort, advanced technologies in vehicles, and fuel efficiency. With a large consumer base and rapidly rising middle-class population, these multinationals are bolstering their brands in the Asia Pacific region, further fueling the market growth in the forecast period. Moreover, with advancements in technology in logistics fleet management, advanced operations will help in better fleet management in order to satiate consumer demands with the growing e-commerce industry.

The growing aerospace and defense (A&D) industry is fueling the market demand in the forecast period.

The global aerospace and defense industry is continuing to soar with the growing air passenger travel. Additionally, the growing global military spending is continuing to surge due to the increased border security threats, thus the industry is projected to experience sustainable growth in the forecast period as well. This has further created a need where governments are required to increase their defense budgets. The growing manufacturing and production of commercial aircraft are further adding to propagating the industry growth with the increasing air traffic. In the commercial aerospace sector, the demand for next-generation aircraft remains high along with the demand for the installation of advanced technologies fueling the market demand for state-of-the-art cockpit displays for improved communication and navigation. Moving on to the defense sector, where heightened global tensions, geopolitical risks, and high defense spending by the regional powers other than the USA including China, India, and Japan are anticipated to augment the growth of the global defense sector in the forecast period. The increase in the defense expenditure would assist in creating opportunities for the defense contractors and their supply chains in the fulfillment of the growing demand and improving the production yields. Also, the defense companies should be able to adapt in accordance with the changing demands which include the introduction of novel technologies such as digital technologies.

In the commercial space sector, steady investments are being observed in the novel and existing space technologies and services with significant funding arising from the government and venture capital. With an increased focus on the modernization of military missions, the market is propelled to grow in the forecast period. Due to the ASAT threats, the United States, which comprises the major revenue share in the global aerospace and defense revenue, increasing investments in research and development are being made.

Significant mergers and acquisitions are taking place in recent years focusing on growth drivers in the field of command, control, communications, computers, combat systems, intelligence, surveillance, and reconnaissance (C5ISR), commercial aviation industry, unmanned and autonomous vehicles, and the burgeoning demand to achieve scale. In addition, big contractors are using acquisitions as part of their strategy to gain access to new and sophisticated technologies and expansion of their global outreach.

Furthermore, with the growing automation, the advent of the automated flight deck is further providing an opportunity for many commercial aircraft manufacturers who are increasingly being dependent on automated flight controls. The commercial aerospace sector is aiming for shifting to a fully automated flight deck, thus reducing the number of crew members in the cockpit and contributing to lower airline costs.  With the growing pilot shortage, the installation of an automated cockpit is proving to be an effective solution with the growing air transport demand and low-cost airline expansion.

Cockpit Display Market Scope:

Report Metric Details
 Market size value in 2019  US$22.283 billion
 Market size value in 2025  US$37.322 billion
 Growth Rate  CAGR of 8.98% from 2019 to 2025
 Base year  2019
 Forecast period  2020–2025
 Forecast Unit (Value)  USD Billion
 Segments covered  Display Type, Display Technology, Vehicle Type, Screen Size, Screen Type, And   Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered General Dynamics Mission Systems, Inc., Innolux Corporation, Japan Display Inc., IDC, Collins Aerospace, a United Technologies Company, DIC Corporation, AU Optronics Corp., Continental AG, Transdigm Group, Inc., Garmin Ltd.
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Display Type
    • Mission Display
    • Driver Assist Display
  • By Display Technology
    • CRT
    • LCD
    • LED
    • Plasma
  • By Vehicle Type
    • Train
    • Military Vehicle
    • Automotive/Motor Vehicle
    • Aircraft
    • Others
  • By Screen Size
    • Small
    • Medium
    • Large
  • By Screen Type
    • Traditional
    • Touchscreen
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Others
    • Middle East and Africa
      • UAE
      • Israel
      • Saudi Arabia
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • Australia
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the cockpit display market size by 2025?
A1. The cockpit display market is expected to reach a total market size of US$37.322 billion in 2025.
 
Q2. What are the growth prospects for cockpit display market?
A2. The cockpit display market is expected to surge with a CAGR of 8.98% during the forecast period.
 
Q3. What is the size of global cockpit display market?
A3. Cockpit Display market was valued at US$22.283 billion in 2019.
 
Q4. What factors are anticipated to drive the cockpit display market growth?
A4. The growing aerospace industry is one of the major drivers of the global cockpit display market.
 
Q5. Which region holds the largest market share in the cockpit display market?
A5. North America and Europe are expected to hold a significant share in the cockpit display market due to the adoption of early technological innovations.
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
 
2. Research Methodology
2.1. Research Data
2.2. Assumptions
 
3. Executive Summary
3.1. Research Highlights
 
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
 
5. Cockpit Display Market Analysis, by Display Type
5.1. Introduction
5.2. Mission Display
5.3. Driver Assist Display
 
6. Cockpit Display Market Analysis, by Display Technology
6.1. Introduction
6.2. CRT
6.3. LCD
6.4. LED
6.5. Plasma
 
7. Cockpit Display Market Analysis, by Vehicle Type
7.1. Introduction
7.2. Train
7.3. Military Vehicle
7.4. Automotive/Motor Vehicle
7.5. Aircraft
7.6. Others
 
8. Cockpit Display Market Analysis, by Screen Size
8.1. Introduction
8.2. Small
8.3. Medium
8.4. Large
 
9. Cockpit Display Market Analysis, by Screen Type
9.1. Introduction
9.2. Traditional
9.3. Touchscreen
 
10. Cockpit Display Market Analysis, by Geography
10.1. Introduction
10.2. North America
10.2.1. North America Cockpit Display Market, By Display Type, 2019 to 2025
10.2.2. North America Cockpit Display Market, By Display Technology, 2019 to 2025
10.2.3. North America Cockpit Display Market, By Vehicle Type, 2019 to 2025
10.2.4. North America Cockpit Display Market, By Screen Type, 2019 to 2025
10.2.5. By Country
10.2.5.1. United States
10.2.5.2. Canada
10.2.5.3. Mexico
10.3. South America
10.3.1. South America Cockpit Display Market, By Display Type, 2019 to 2025
10.3.2. South America Cockpit Display Market, By Display Technology, 2019 to 2025
10.3.3. South America Cockpit Display Market, By Vehicle Type, 2019 to 2025
10.3.4. South America Cockpit Display Market, By Screen Type, 2019 to 2025
10.3.5. By Country
10.3.5.1. Brazil
10.3.5.2. Argentina
10.3.5.3. Others
10.4. Europe
10.4.1. Europe Cockpit Display Market, By Display Type, 2019 to 2025
10.4.2. Europe Cockpit Display Market, By Display Technology, 2019 to 2025
10.4.3. Europe Cockpit Display Market, By Vehicle Type, 2019 to 2025
10.4.4. Europe Cockpit Display Market, By Screen Type, 2019 to 2025
10.4.5. By Country
10.4.5.1. UK
10.4.5.2. Germany
10.4.5.3. France
10.4.5.4. Others
10.5. Middle East and Africa
10.5.1. Middle East and Africa Cockpit Display Market, By Display Type, 2019 to 2025
10.5.2. Middle East and Africa Cockpit Display Market, By Display Technology, 2019 to 2025
10.5.3. Middle East and Africa Cockpit Display Market, By Vehicle Type, 2019 to 2025
10.5.4. Middle East and Africa Cockpit Display Market, By Screen Type, 2019 to 2025
10.5.5. By Country
10.5.5.1. United Arab Emirates
10.5.5.2. Israel
10.5.5.3. Saudi Arabia
10.5.5.4. Others
10.6. Asia Pacific
10.6.1. Asia Pacific Cockpit Display Market, By Display Type, 2019 to 2025
10.6.2. Asia Pacific Cockpit Display Market, By Display Technology, 2019 to 2025
10.6.3. Asia Pacific Cockpit Display Market, By Vehicle Type, 2019 to 2025
10.6.4. Asia Pacific Cockpit Display Market, By Screen Type, 2019 to 2025
10.6.5. By Country
10.6.5.1. Japan
10.6.5.2. China
10.6.5.3. India
10.6.5.4. Australia
10.6.5.5. Others
 
11. Competitive Environment and Analysis
11.1. Major Players and Strategy Analysis
11.2. Emerging Players and Market Lucrativeness
11.3. Mergers, Acquisitions, Agreements, and Collaborations
11.4. Vendor Competitiveness Matrix
 
12. Company Profiles
12.1. General Dynamics Mission Systems, Inc.
12.2. Innolux Corporation
12.3. Japan Display Inc.
12.4. IDC
12.5. Collins Aerospace, a United Technologies Company
12.6. DIC Corporation
12.7. AU Optronics Corp.
12.8. Continental AG
12.9. Transdigm Group, Inc.
12.10. Garmin Ltd.

General Dynamics Mission Systems, Inc.

Innolux Corporation

Japan Display Inc.

IDC

Collins Aerospace, a United Technologies Company

DIC Corporation

AU Optronics Corp.

Continental AG

Transdigm Group, Inc.

Garmin Ltd.

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