Avionics: Key market research findings
- Emergence of next-generation micro display technologies
- Growing demand for automation
Technavio has released a new market research report on the global display market for avionics, which is expected to grow at a CAGR of 3% between 2016 and 2020. Advances in display technologies have boosted the demand for avionics in recent times. Vendors in the market are planning to introduce large-screen and touch screen displays to make it easy for the pilot to control the aircraft. The Americas dominate the global display market for avionics, accounting for 45% of the overall market share. Growing focus towards advanced cockpit display systems to enhance their flight safety and operations is driving growth of this region.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, the market is witnessing the advent of micro display technologies such as cathode ray tube (CRT), digital light processing, LCD, liquid crystal on silicon, and light-emitting diode (LED). These technologies offer large field-of-view and minimum aberrations. Micro display technologies have helped manufactureres to minimize the size of head-up displays (HUDs) and offer advantages such as images of high quality and contrast, day and night readability, and low cost of installation,” says Sunil Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research
Autopilot manufacturers are investing in the development of new digital smart autopilots that can be equipped in multiple aircraft without additional certifications bearing high costs. The integration of advanced display systems and technologies such as autopilot system and FMS in the cockpits reduces the workload of the pilot and ensures availability of critical flight information. Moreover, the GPS installations in aircraft enhances the situational awareness both for pilots and the aircraft, and improves safety.
The key vendors in the global display market for avionics are BAE Systems, Elbit Systems, Esterline Technologies, Honeywell Aerospace, Rockwell Collins, Saab and Thales. The market is highly competitive with vendors competing in terms of cost, product quality, reliability, and aftermarket service. Vendors are offering cost-effective and high-quality cockpit display systems equipped with latest technology, to gain competitive edge in the market.
A more detailed analysis is available in the Technavio report, Global Display Market for Avionics 2016-2020.
We can customize reports by other regions and specific segments upon request.
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