Growing Number of Air Travel Passengers Leading to Manufacture of New Aircraft Driving the Growth of Cockpit Display Market
Hyderabad, India - July 24, 2021 /MarketersMedia/ —
The Cockpit Display Market forecast to reach $4.7 billion by 2026, growing at a CAGR of 3.2% from 2021 to 2026. Cockpit Display is an aircraft cockpit that features electronic flight instrument displays which are of large LCD screens. A Cockpit Display uses several multi-function displays driven by flight management systems that can be adjusted to display flight information as needed. The Glass Cockpit simplifies aircraft operation and navigation and allows pilots to focus only on the most pertinent information.
Cockpit Display Market Segment Analysis - By Aircraft Type
Cockpit technology has been advancing at a great pace in the last few years. It helps to provide a great amount of information at the fingertips of the pilot than conventional systems. Military helicopters have most advanced high-tech machines and focus on incorporation of Cockpit Displays to enhance their effectiveness such as in navigation systems, electronic flight instrument system.
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Cockpit Display Market Segment Analysis - By Display Type
Primary Flight display is forecast to grow at the highest rate of 6.0% through 2026. Primary flight display or PFD is a modern aircraft instrument dedicated to flight information. Glass Cockpit Displays are equipped with primary flight and multi-function displays. Primary flight displays comes in round, oval, horizontal, vertical and strip displays for airspeed, altitude and heading primarily through navigation systems and electronic flight instrument system. Multi-function will have multiple pages to configure the system, flight planning options, entering user waypoints and updating navigation databases. The MFD is also the backup for the PFD in case it fails. The information on both the screens can also be switched so that the co-pilot has the PFD and pilot has MFD.
Cockpit Display Market Segment Analysis - Geography
North America is projected to grow at the highest CAGR of 5.1% during the forecast period 2021-2026. This is due to early technology adopters and additionally North-America has robust military industry. United States stands top in global aerospace and defense industry. Asia-Pacific is expected to witness largest share after North-America due to large customer base along with growing number of passengers especially in countries like India and China.
Cockpit Display market Drivers
Aerospace and Defence industry driving the market growth
The aerospace and defence industry worldwide keeping up pace with the increasing air passenger traffic. Due to increased border security threats, the governments are increasing their defence budgets. With the growing manufacturing and production of commercial aircraft the market is expected to gain demand with the growing technological advancements such as in navigation systems and electronic flight instrument systems. There is a high demand for manufacturing of next-generation aircraft with installation of high-end technologies and Cockpit Display displays for enhanced communication and navigation drives the market growth.
Growing number of air travel passengers leading to manufacture of new aircraft
Growing number of air travel passengers across the globe is leading to manufacture new aircraft with latest high-end technological Glass Cockpits. Asia-Pacific region is considered to be the biggest driver of air passenger’s demand in the near future. Nearly more than 50% of new air passengers are likely to originate from this region which leads to demand for more aircraft carriers which in turn drives the market growth.
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Cockpit Display market Challenges
Less Battery life
Battery shelf life of Cockpit Displays are less compared to analog systems which is making the biggest challenge in Cockpit Display market. Due to less battery, life pilots have very less time to react on problems during an emergency. A well trained pilot on digital Cockpit Display systems or never used the analog systems finds it difficult to shift to analog systems if required as the analog mechanism requires more cognitive process to understand the situation. At the same time Cockpit Display systems offer exceptional situational awareness but it is possible only when the pilot is well versed with the complete system. Less battery life has become the hindrance to the market growth.
Cockpit Display Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Cockpit Display market. The Cockpit Display market is dominated by major companies such Aspen Avionics Inc., Avidyne Corporation, Dynon Avionics, Elbit System Ltd, Esterline Technology Corporation, Garmin Ltd, Honeywell Aerospace Inc., L-3 Communication Holdings Inc., Northrop Grumman Corporation, Rockwell Collins Inc.
Acquisitions/Technology Launches/Partnerships
In Oct 2019, Avidyne Corporation, leading provider of integrated avionics systems, displays, ADS –B and safety systems for general aviation aircraft announced new dzus – mounted avidyne atlas multifunction flight management system for turbine – class aircraft and helicopters.
Key Takeaways
Cockpit Display simplifies aircraft operation and navigation and allows pilots to focus only on the most pertinent information.
Cockpit Display systems consist of several displays which are connected to the flight management system and can be altered to display flight information as required.
The advantage to a Cockpit Display over traditional cockpits is that the automation systems are more accurate, the information is more precise and the data is displayed more ergonomically.
North America is projected to hold a significant share in the global Cockpit Display market. This is due to early technology adoption and they have a robust military industry.
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