Global Multi-Function Display Market 2016-2020

Overview of the global multi-function display (MFD) market

Technavio’s market research analyst predicts that the global multi-function display (MFD) market will grow at a rapid CAGR of over 9% by 2020. One of the key drivers for this market is the implementation of improved safety standards. Since flying has become more dependent on glass cockpit systems, the pilots and crew members have to get trained in dealing with every possible failure scenario. Statistics have shown that aircraft equipped with glass cockpits have a lower accident rate. Consequently, the US National Transportation Safety Board’s recommendation to the Federal Aviation Administration to have glass cockpit systems installed in airplanes to enhance safety will be implemented. As the glass cockpit certification process is not very expensive, installation of this system in all types of aircraft will have a positive impact on market growth during the forecast period.

In this industry research report, analysts have estimated factors like the installation of autopilot systems in aircraft to drive market growth during the forecast period. The autopilot system helps pilots to effectively monitor altitude, airspeed, distance, and weather conditions so that an airplane can be landed safely. Due to a tremendous surge in passenger traffic, many airlines have been compelled to take deliveries for approximately 40,000 aircraft to meet the rising demand. Consequently, the demand for autopilot landing systems will rise and, in turn, fuel market growth until the end of 2020.

Segmentation by application and analysis of the MFD market

• Commercial aerospace
• Military