Aircraft Cockpit Display System Market Size

Aircraft Cockpit Display System Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The Aircraft Cockpit Display Market is expected to reach a market size of $ 0 billion in 2023 and is expected to reach $ 0 billion by 2027, with a CAGR of 3.3% from 2019 to 2027. The growth trend of the market shows that there is a consistent demand for advanced cockpit display technology, which is driven by the increasing need for situational awareness and operation efficiency in modern aviation. The integration of advanced display systems has become a must for both manufacturers and operators. There are many factors driving the growth of the market, such as the development of display technology, such as OLED and LCD, which have the advantages of light weight and high visibility. The trend of automation in the cockpit and the digitalization of aviation are also driving the demand for advanced cockpit displays. Honeywell, Rockwell, and Thales are the leading companies in the market. They have established long-term strategic cooperative relations and have launched new products to maintain their competitiveness. These efforts are not only a sign of the company's innovation capability, but also in line with the industry's demand for innovation and the trend of modernization and efficiency in aircraft operations.

Regional Market Size

Regional Deep Dive

The Aircraft Cockpit Display Market is experiencing significant growth in all regions, owing to the technological developments, the demand for the modernization of aircraft, and the focus on increasing the situational awareness of the pilots. In North America, the market is characterized by the strong presence of major aircraft manufacturers and a strong regulatory framework that encourages innovation. In Europe, the demand for next-generation cockpit displays is growing, driven by the stringent regulatory requirements for safety and the demand for sustainable aviation solutions. The Asia-Pacific region is expanding rapidly, driven by the increasing air travel and the investment in new aircraft. In the Middle East and Africa, the focus is on the modernization of the existing fleet. Latin America, despite its smaller scale, is gradually introducing advanced cockpit technology as the regional carriers modernize their operations.

North America

• The Federal Aviation Administration (FAA) has introduced new regulations that encourage the use of advanced cockpit display technology. The new regulations are intended to improve safety and efficiency.
• Rockwell and Honeywell are investing a great deal of money in research and development to produce the latest in cockpit displays, including augmented reality.
• The retrofitting of older aircraft with modern cockpits is a growing trend, driven by the desire of the carriers to improve the capabilities of their aircraft and to reduce their maintenance costs.

Europe

• The European Aviation Safety Agency has put in place stringent regulations requiring the integration of advanced cockpit displays to enhance pilot situational awareness.
• Airbus and Thales are working together on the design of new cockpit displays that will combine artificial intelligence to help the pilots in their decision-making.
• Greener aviation solutions are now based on cockpit technology that optimizes fuel consumption and reduces emissions, in line with the European Union's sustainability goals.

Asia-Pacific

• The rapid development of low-cost carriers in India and Southeast Asia is driving demand for cockpit displays. The need for a modern cockpit display is based on the need to optimize the efficiency of the air transport system.
• In a joint venture with the American Company, Mitsubishi Heavy Industries, the two Companies have agreed to develop new models of aircraft, which will be adapted to the needs of the rapidly developing aviation market in Asia.
• China is one of the countries where governmental initiatives are encouraging the development of indigenous aircraft, which are equipped with state-of-the-art cockpit displays.

MEA

• The Gulf Cooperation Council (GCC) countries are investing heavily in aviation, which is reflected in a growing demand for advanced cockpit display systems.
• The introduction of new cockpit equipment and the improvement of training and operational efficiency have always been the main concerns of the management of the Emirates Airline.
• The regulatory authorities in the region are working on improving safety standards, which will encourage the use of modern cockpit displays on all aircraft.

Latin America

• The region is gradually being transformed by the introduction of new cockpit equipment. This is mainly being driven by LATAM’s fleet modernization program.
• Moreover, the development of civil aviation and the support of governments for the building of airports encourages the use of cockpit displays of a high degree of complexity, especially in Brazil and Mexico.
• The increasing emphasis on the training and safety of pilots is causing the aviation industry to introduce new systems in order to meet the requirements of the new international standards.

Did You Know?

“A considerable shift in the cockpit display market is expected, a shift to a touch-screen concept. By 2025, more than half of all new aircraft will be fitted with this technology.” — Market Research Future

Segmental Market Size

The Aircraft Cockpit Displays market is currently growing at a steady rate, driven by advancements in avionics and an increased demand for improved situational awareness in the field of aviation. The main factors driving the market are the need for increased safety features on aircraft, the regulatory requirements for modernized cockpit systems, and the push for more intuitive and pilot-friendly cockpit displays. These factors are also driving the demand for advanced cockpit displays, as airlines and aircraft manufacturers are focusing on ensuring that their aircraft are as safe and efficient as possible.

The display technology is now in the introductory phase, and the display technology is being introduced into the cockpit. Among the leading companies, Boeing and Airbus have already started to integrate advanced display systems into their new aircraft. The 787 Dreamliner, for example, is equipped with a number of advanced cockpit displays that greatly enhance the interaction between the pilot and the system. These displays are mainly used for flight management, navigation and the display of real-time data, which are essential for operating efficiency. But with the emergence of a variety of new trends, such as the increasing concern for the environment, the upcoming requirements for the avionics system, and the emergence of augmented reality and artificial intelligence, the future of the cockpit display will be shaped, and the pilot will be further supported in terms of safety and efficiency.

Future Outlook

The Aircraft Cockpit Displays Market is expected to grow at a CAGR of 3.3% from 2023 to 2027. This growth will be based on the increasing demand for advanced avionics systems that enhance the situational awareness of the pilot and improve the decision-making ability. By 2027, the estimated market value is expected to reach $ X billion. The main driving force behind this shift is the need to increase safety standards and operational efficiency in the aviation industry.

But it is not only the development of new products which will influence the market. The integration of augmented reality and artificial intelligence into cockpit displays will also change the market in the near future. These developments not only improve the experience for the pilot, but also provide real-time data analysis, thereby reducing workload and increasing safety. Furthermore, regulatory pressure to implement new avionics will also spur market growth. And the emergence of new trends, such as the growing use of drones, will also change the dynamics of the market.