Military Displays Market Overview
The global Military Displays Market size is projected to reach a CAGR of 6.2% from 2023-2030.
The display is the output device used to provide details to the user. The displays used for military applications are majorly based on LED, LCD, OLED, and AMOLED technology. Furthermore, the military-grade display is developed to withstand harsh environmental conditions and is widely used in vehicles, aircraft, naval vessels, communication, and computing devices, weapon systems, and others.
The military display market is experiencing significant growth owing to the growing use of computing and connected devices by armed forces. Furthermore, the increasing procurement of advanced military carriers, military vehicles, combat aircraft, and naval vessels by governments coupled with is expected to flourish the military display market.
On the other hand, bulky support equipment to head-mounted gears is restraining the growth of the military display market.
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The emergence of the COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption has had to leave an impact on the defense industry. However, the pandemic has proved that careful coordination is required between all border agencies to ensure effective security measures. Moreover, demand for defense-related products such as military displays will remain unaffected as the budgets for defense-related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense.
Delvens Industry Expert's Standpoint
The military display market is expected to experience significant growth in the coming years, driven by the increasing demand for advanced display technologies in military applications. With the growing trend of modernization and digitization of military operations, the demand for high-performance displays that offer superior visualization capabilities and advanced features is on the rise. The market is also witnessing a surge in demand for rugged and durable displays that can withstand harsh environments and extreme conditions.
Moreover, the increasing investment by governments in defense modernization programs, the rising adoption of advanced technologies in military operations, and the growing need for situational awareness are expected to further fuel the growth of the military displays market. However, factors such as high development costs, complex design requirements, and stringent regulatory standards may pose a challenge to the growth of the market.
Key Findings
• The end market segment is further fragmented into Naval, Airborne, and Land. The land segment is anticipated to dominate the market during the forecast period. This growth is attributed to an increase in demand for higher-resolution displays at headquarters and command centres. Military and other industries use displays for monitoring their operations, identifying enemies, and many other tactical operations. Displays are expected to handle data fast and effectively, be elegant and small, and operate smoothly in a hostile environment.
• The technology segment is further segmented into LED, LCD, AMOLED, and OLED. LCD segment is anticipated to dominate the market during the forecast period. The requirement for the LCD display module is increasing because of the expanded assembling of electronic items such as avionics cockpit shows, PC screens, LCD TVs, indoor and open-air signs, and instrument boards.
• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America is one of the lucrative markets. The presence of a few globally prominent players in the region has enriched the landscape of the North American military display market.
• The emergence of the COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption has had to leave an impact on the defense industry. However, the pandemic has proved that careful coordination is required between all border agencies to ensure effective security measures. Moreover, demand for defense-related products such as the military display will remain unaffected as the budgets for defense-related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense.
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Military Displays Market Regional Analysis
North America to Dominate the Market
• North America is one of the lucrative markets. The presence of a few globally prominent players in the region has enriched the landscape of the North American military displays market.
• The growth is propelled by the massive appetite for next-gen displays for the defense forces. A vibrant defense contractor ecosystem has also bolstered the prospects of the regional market.
Military Displays Market Competitive Landscape
• Lockheed Martin
• L3Harris Technology
• Raytheon Technologies
• EIZO
• Zmicro
• Seatronx
• General Digital Company
• Elbit Systems
• Winsonic Electronics Co. Ltd.
• Xenarc Technologies
• BAE Systems
• Thales Group
• Leonardo
• SAAB AB
• CURTISS-WRIGHT Corporation
• Milcots,LLC
• CMC Electronics
• ASELSAN A.S
• CP Technologies
• EPSILON Systems Solution
• Mercury Systems, INC
Military Displays Market Recent Developments
• In June 2021, L3Harris will supply its Fused Night Vision System (FNVS), which combines image intensification technology with thermal imagery to improve Situational Awareness, targeting, and identification for soldiers. Soldiers will be able to see where they are and where they are going, it will include an individual heads-up display that shows direction and location information.
• During the recently completed Aero India-2021, HAL (Hindustan Aeronautics Ltd) signed an agreement with Elbit Systems Electro-Optics Elop Ltd., Israel, for the delivery of Digital Overhead Head-Up Display Systems (DOHS). The Digital Overhead HUDs will be made in HAL's Division's Korwa factory at first, according to a press release.
Military Displays Market Reasons to Acquire
• Increase your understanding of the market for identifying the best and most suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
• Gain authentic and granular data access for Military Displays Market so as to understand the trends and the factors involved in changing market situations.
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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