Data Bridge Market Research analyses that the Global 2D Display for Defense and Aerospace Market is expected to grow at a CAGR of 5.7% from 2023 to 2030 and reach USD 4,976,532.11 thousand by 2030. An increase in technological advancements in display technology propels the market growth.
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A display device is an output device for presenting information in visual or tactile form. The input information that is supplied has an electrical signal. The display is called an electronic display. A 2D-head-mounted display (HMD) is a display device worn on the head or as part of a helmet that has a small display optic in front of one (monocular HMD) or each eye (binocular HMD). An HMD has many uses, including gaming, aviation, engineering, and medicine. Virtual reality headsets are HMDs combined with IMUs. There is also an optical head-mounted display (OHMD), a wearable display that can reflect projected images and allow a user to see through it.
GROWING DEMAND FOR ADVANCED DISPLAY TECHNOLOGIES
The defense of government across the globe and the aerospace industry requires advanced displays that can provide high-resolution images, real-time information, and enhanced situational awareness to pilots and soldiers. As such, there is a growing demand for 2D displays that can meet these requirements. Increasing demand for advanced display technologies is a major driver for the global 2D display for the defense and aerospace market
To meet the increasing demand for advanced 2D displays, market players are taking several steps to improve their products and expand their market presence. They invest in research and development to develop new display technologies that offer higher resolution, improved reliability, and better performance in extreme environments. Additionally, companies are partnering with other players in the industry, acquiring smaller companies, and entering into new markets to expand their market presence.
Report Scope and Market Segmentation
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Report Metric
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Details
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Base Year
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2022
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Forecast Period
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2023 – 2030
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in Thousand, Pricing in USD
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Segments Covered
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By Display Technology (Liquid Crystal Displays (LCD), Light Emitting Diode (LED), Organic Led (OLED), Micro-Led, and Others), Type (Touch and Non-Touch), Resolution (Full HD, HD, 4K, and Others), Panel Size (5 Inches to 10 Inches, Greater Than 10 Inches, and Less Than 5 Inches), Display Type (Conventional Display and Smart Display), Sales Channel (OEMS and Retailer), Application (Aerospace and Defense)
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Countries Covered
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North America (U.S., Canada, and Mexico), Europe (France, Germany, U.K., Italy, Spain, Sweden, Switzerland, Netherlands, Belgium, Russia, Denmark, Turkey, Poland, Norway, Finland, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Singapore, Taiwan, Malaysia, Thailand, Indonesia, Philippines, New Zealand, Vietnam, and rest of Asia-Pacific), South America (Brazil, Argentina, and the rest of South America), Middle East and Africa (Saudi Arabia, U.A.E., Egypt, South Africa, Israel, Bahrain, Kuwait, Qatar, Oman, and rest of Middle East and Africa)
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Market Players Covered
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Korry (U.S), Astronautics Corporation of America, FDS Avionics Corp. (U.S.), Rosen Aviation (U.S.), ScioTeq (Belgium), Excelitas Technologies Corp., DIEHL STIFTUNG & CO. KG (Germany), Nighthawk Flight Systems, Inc (U.S.), Aspen Avionics, Inc.(Mexico), US Micro Products (U.S.), AvMap s.r.l., Meggitt PLC (U.K.), Honeywell International Inc. (U.S.), Barco (Belgium), BAE Systems (U.K.), Thales (France), Garmin Ltd.(U.S.), WINMATE INC (Taiwan), Collins Aerospace, D&T Inc (South Korea), and Elbit Systems Ltd.(Israel), among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The global 2D display for defense and aerospace market is segmented into seven notable segments, which are based on display technology, type, resolution, panel size, display type, sales channel, application
- On the basis of display technology, the global 2D display for defense and aerospace market is segmented into liquid crystal displays (LCD), light emitting diode (LED), organic LED (OLED), micro-LED, and others. In 2023, liquid crystal displays (LCD) is expected to dominate the global 2D display for defense and aerospace market with a 49.80% share and is expected to reach USD 2,543,112.09 thousand by 2030 growing with the highest CAGR of 6.1% in the forecast period of 2023 to 2030
- On the basis of type, the global 2D display for defense and aerospace market is segmented into touch and non-touch.
In 2023, the touch segment is anticipated to dominate the global 2D display for defense and aerospace market
In 2023, the touch segment is expected to dominate the global 2D display for defense and aerospace market, with the largest market share due to the increasing adoption of touch displays for defense and aerospace operations. Additionally, increasing advantages of the touch display, such as improved accessibility, speed, and ease of cleaning and maintenance, are the major factors boosting the segment's growth.
- On the basis of resolution, the global 2D display for defense and aerospace market is segmented into Full HD, HD, 4K, and Others. In 2023, the Full HD is expected to dominate the global 2D display for defense and aerospace market with a 45.65% share and is expected to reach USD 2,365,297.23 thousand by 2030 growing with the highest CAGR of 6.3% in the forecast period of 2023 to 2030
- On the basis of panel size, the global 2D display for defense and aerospace market is segmented into 5 inches to 10 inches, greater than 10 inches, and less than 5 inches. In 2023, the 5 inches to 10 inches is expected to dominate the global 2D display for defense and aerospace market with a 54.28% share and is expected to reach USD 2,783,119.20 thousand by 2030 growing with the highest CAGR of 5.4% in the forecast period of 2023 to 2030
- On the basis of display type, the global 2D display for defense and aerospace market is segmented into conventional display and smart display. In 2023, conventional displays are expected to dominate the global 2D display for defense and aerospace market with a 56.64% share and is expected to reach USD 2,752,686.54 thousand by 2030 growing with the highest CAGR of 5.4% in the forecast period of 2023 to 2030
- On the basis of sales channel, the global 2D display for defense and aerospace market is segmented into OEMS and retailer. In 2023, the OEM sales channel is expected to dominate the global 2D display for defense and aerospace market with a 90.14% share and is expected to reach USD 4,505,914.78 thousand by 2030 growing with the highest CAGR of 5.8% in the forecast period of 2023 to 2030
- On the basis of application, the global 2D display for defense and aerospace market is segmented into aerospace and defense. In 2023, the aerospace segment is expected to dominate the global 2D display for defense and aerospace market with a 58.22% share and is expected to reach USD 2,978,901.68 thousand by 2030 growing with the highest CAGR of 6.1% in the forecast period of 2023 to 2030
Major Players
Data Bridge Market Research recognizes the following companies as the major global 2D display for the defense and aerospace market, these are Korry, Astronautics Corporation of America, FDS Avionics Corp., Rosen Aviation, ScioTeq, Excelitas Technologies Corp., DIEHL STIFTUNG & CO. KG, Nighthawk Flight Systems, Inc, Aspen Avionics, Inc., US Micro Products, AvMap s.r.l., Meggitt PLC, Honeywell International Inc., Barco, BAE Systems, Thales, Garmin Ltd., WINMATE INC, Collins Aerospace, D&T Inc, and Elbit Systems Ltd., among others.
Market Developments
- In February 2020, Astronautics Corporation of America started a collaboration with U.S. Customs and Border Protection (CBP) Agency. The company provided a P-3 flight deck with four 6×8-inch multifunction displays through this collaboration. This development enhanced company financials and made a significant impact on the growth of global 2D display for defense and aerospace market
- In August 2020, Aspen Avionics, Inc. announced that the company has agreed with the AIRO group of aerospace companies. This step has expanded the company's investments and resources and increased its technologies in not only avionics for general aviation but also to offer avionics products for manned and unmanned flight platforms for commercial, military, robotics, and multi-modal aircraft under the global 2D display for defense and aerospace market
- In May 2013, US Micro Products announced that the company had released the first 4K TFTs panels. 4K panels. These panels are extra clear, hyper-realistic, and make a huge impression on consumers of different applications. Through this launch, the company expanded its product offerings under the global 2D display for defense and aerospace market
- In November 2022, Elbit Systems Ltd. signed an agreement with Fokker Services Group. Under this agreement, Fokker Services Group added its expertise and capacity to Elbit Systems' comprehensive portfolio of advanced flight solutions, such as displays and components that can be signified to meet domestic requirements
Regional Analysis
Geographically, the countries covered in the global 2D display for defense and aerospace market report are North America (U.S., Canada, and Mexico). Europe (France, Germany, U.K., Italy, Spain, Sweden, Switzerland, Netherlands, Belgium, Russia, Denmark, Turkey, Poland, Norway, Finland, and rest of Europe). Asia-Pacific (China, India, Japan, South Korea, Australia, Singapore, Taiwan, Malaysia, Thailand, Indonesia, Philippines, New Zealand, Vietnam, and rest of Asia-Pacific). South America (Brazil, Argentina, and the rest of South America). Middle East and Africa (Saudi Arabia, U.A.E., Egypt, South Africa, Israel, Bahrain, Kuwait, Qatar, Oman, and rest of Middle East and Africa)
As per Data Bridge Market Research analysis in 2023, North America is expected to dominate the global 2D display for defense and aerospace market, as the U.S. is the regional leader due to low labor costs, proper communication, easy access to highly skilled labor, quality service, and others for the forecast period 2023 -2030.
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