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The global commercial aircraft cockpit display system (CDS) market is envisaged to witness steady growth and will post a moderate CAGR of close to 3% over the forecast period. One of the primary drivers propelling the growth prospects for this market is the growing demand for automation in the aviation industry. Automation enhances flight operational safety and efficiency, which an essential aspect for all commercial airlines. Moreover, it cuts down operating costs results in better profit margins. With the integration of the global positioning system (GPS) in the cockpit display, the pilot workload is significantly reduced owing to better situational awareness and safety. Additionally, with the integration of advanced MFD systems and advanced technologies, such as the autopilot system and flight management system (FMS), in the cockpits of the aircraft, the workload of the pilot reduces to a great extent as it ensures the availability of critical flight information.
In this market research study, the analysts have estimated factors such as the emergence of automatic ground collision avoidance system (Auto-GCAS) to be one of the primary trends spurring the growth prospects for this market in the coming years. The Auto-GCAS enhances aircraft safety by monitoring the aircraft and its distance from the ground in real time. Also, under non-recoverable situations, this automated system aids the pilot in avoiding a crash. With NASA and Boeing considering to integrate the system in commercial airlines, the market for CDS is anticipated to have a positive outlook in the near future.
During 2015, the multi-functional display (MFD) segment dominated the market and accounted for more than 85% of the market share in terms of revenue. MFDs are computer-like devices mounted on the instrument panel of an aircraft and provide pitch, yaw, roll, and attitude information to the pilot. Globally, an increase in the number of passenger aircraft will result in the augmented need for enhanced MFD systems in the next four years.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Global aerospace and defense supply chain system
PART 07: Global aerospace and defense value chain system
PART 08: Market segmentation by product
PART 09: Geographical segmentation
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Appendix
PART 17: Explore Technavio
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