Global Aircraft Cockpit Display System Market projected to grow, driven by technology advancement and market expansion

From GlobeNewswire: 2024-08-01 10:00:00

The Global Aircraft Cockpit Display System Market is projected to grow from USD 1926.7 million in 2023 to USD 3135.8 million by 2033, with a CAGR of 4.99%. Improved technology and aviation modernization are driving market expansion by enhancing pilot situational awareness, safety, and operational efficiency. Leading companies are focusing on creating lightweight, robust display solutions to cater to various aircraft types and mission needs.

The Multifunctional Display (MFD) segment holds the largest market share from 2023 to 2033, providing pilots with crucial flight information on a single screen to improve operational efficiency. The commercial segment dominates market share, with commercial airlines prioritizing flight safety and efficiency by incorporating advanced cockpit display technologies.

North America is expected to lead the Aircraft Cockpit Display System Market from 2023 to 2033, driven by technological adoption and a robust aviation sector. Asia-Pacific is witnessing the fastest market growth, with rising aviation infrastructure investments and fleet development opportunities for CDS manufacturers. Major vendors in the market include Diehl Aerosystems, Honeywell, and Thales, among others.

BAE Systems plc received Typhoon Avionics Support Contracts worth USD 90.2 million in November 2022 for the Eurofighter Typhoon. Market segmentation includes different types of display systems and applications. Spherical Insights & Consulting offers comprehensive market research and consulting services to aid businesses in achieving their objectives and strategic improvements. Contact them for more information on target markets.



Read more at GlobeNewswire: Global Aircraft Cockpit Display System Market Size To Worth