Multi-Function Display (MFD) Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 19.17 Billion
CAGR (2026-2031)	8.22%
Fastest Growing Segment	Airborne
Largest Market	Asia Pacific
Market Size (2031)	USD 30.79 Billion

Market Overview

The Global Multi-Function Display (MFD) Market will grow from USD 19.17 Billion in 2025 to USD 30.79 Billion by 2031 at a 8.22% CAGR. A Multi-Function Display (MFD) is a centralized digital interface designed to consolidate and present critical data from various subsystems, including navigation, weather radar, and engine performance, into a unified visual layout. The growth of this market is fundamentally driven by the heightening demand for improved situational awareness across aviation and marine sectors, alongside stringent safety regulations necessitating the replacement of analog instruments with digital alternatives to reduce operator workload.

Despite this demand, the market encounters a significant challenge regarding the substantial costs and technical complexity associated with retrofitting legacy platforms to accommodate these integrated systems. The volume of new installations remains intrinsically linked to the production rates of modern aircraft and vessels. According to the General Aviation Manufacturers Association, in 2025, global general aviation airplane shipments reached 2,201 units during the first three quarters, underscoring the sustained manufacturing baseline that supports the ongoing adoption of these display technologies.

Key Market Drivers

Rising Demand for Integrated Avionics and Glass Cockpits in Commercial Aviation is a primary force propelling the Multi-Function Display (MFD) market. Airlines and operators are increasingly transitioning from legacy analog instruments to unified digital interfaces that consolidate flight dynamics, navigation, and engine data into singular, high-resolution screens. This shift is motivated by the need to optimize flight deck operations, reduce pilot cognitive load, and comply with evolving safety mandates that favor digital precision. The financial impact of this technological transition is evident in the performance of major avionics suppliers. According to Thales Group, October 2025, in the 'Order intake and sales as of September 30, 2025' report, Aerospace segment sales reached €4,108 million, representing a 7% organic increase driven by sustained momentum in the civil and military avionics sectors. Furthermore, the retrofit market remains robust as older airframes are upgraded. According to Garmin, in 2025, aviation segment revenue increased 18% to $240 million during the third quarter, fueled by certifications for new retrofit cockpit systems.

Acceleration of Military Modernization Programs and Defense Spending serves as the second critical driver, fundamentally influencing the development of ruggedized and mission-specific MFDs. Modern aerial combat requires pilots to process vast amounts of sensor data, necessitating advanced displays that fuse radar, targeting, and threat information into an intuitive situational awareness picture. Defense agencies are prioritizing platforms equipped with these interfaces to maintain tactical superiority, creating a direct correlation between aircraft procurement and MFD volume. According to Lockheed Martin, October 2025, in the 'Third Quarter 2025 Earnings Results', the company projected the delivery of between 175 and 190 F-35 aircraft for the full year, illustrating the significant scale of high-end display integration required for defense manufacturing.

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Key Market Challenges

The primary obstacle impeding the expansion of the Global Multi-Function Display (MFD) Market is the prohibitive cost and engineering intricacy required to retrofit legacy platforms. Unlike modern aircraft and marine vessels designed with digital backbones, older units rely on analog architecture that is fundamentally incompatible with contemporary MFD interfaces. Integrating these advanced systems necessitates extensive structural modifications, complete rewiring, and rigorous recertification processes. This complexity often results in operational downtime and financial outlays that exceed the residual value of the platform itself, forcing owners to forgo necessary upgrades despite the safety benefits.

This financial barrier effectively bifurcates the market, heavily favoring forward-fit installations on new production lines while stifling the aftermarket potential. The industry's reliance on new manufacturing to drive revenue is evident in recent financial performance. According to the General Aviation Manufacturers Association, in 2025, the value of airplane deliveries through the third quarter reached $19.4 billion. This significant figure underscores that while capital flows freely toward new, MFD-equipped platforms, the high economic threshold for updating existing fleets limits the addressable market for these displays to a fraction of the total operational inventory.

Key Market Trends

The Shift Toward Large-Format and Panoramic Single-Screen Cockpits is fundamentally reshaping MFD architecture by consolidating multiple discrete instruments into unified, edge-to-edge touchscreen surfaces. Manufacturers are moving away from bezel-heavy designs to install expansive displays that allow pilots to configure windows dynamically, thereby enhancing data fusion and decluttering the flight deck. This consolidation not only improves ergonomics but also significantly reduces the weight and volume of onboard hardware by virtualizing physical controls. According to Global Business Press, February 2025, in the 'Thales FlytX Suite Makes Aero India Debut' article, the new FlytX avionics suite integrates the processing power of four separate computers into a single 15-inch smart touchscreen display, illustrating the efficiency gains of this design philosophy.

Enhanced Connectivity via Internet of Things (IoT) and Cloud Integration is transforming MFDs from standalone visualizers into active nodes within a wider digital ecosystem. Modern systems now utilize bidirectional data links to stream real-time analytics, weather patterns, and maintenance diagnostics directly to and from the cockpit, bypassing traditional manual updates. This "always-on" capability streamlines operations by automating data management tasks that previously required ground support intervention. According to Aerospace Innovations, May 2025, in the 'De Havilland Canada selects Universal Avionics InSight display system for Dash 8 Cockpit Upgrade' report, the system's automated database delivery feature allows technicians to save 45 minutes on aircraft updates each month, demonstrating the operational efficiency delivered by these connected solutions.

Segmental Insights

The Airborne segment registers the fastest growth in the Global Multi-Function Display (MFD) Market, primarily due to the increasing demand for avionics modernization across commercial and defense sectors. Aviation stakeholders are systematically upgrading from analog systems to digital glass cockpits to enhance pilot situational awareness and operational efficiency. This momentum is supported by safety compliance standards established by regulatory bodies like the Federal Aviation Administration, which encourage the adoption of integrated display systems. As a result, the industry continues to prioritize these technological upgrades to maintain fleet relevance and operational standards.

Regional Insights

Asia Pacific stands as the leading region in the Global Multi-Function Display (MFD) Market, driven primarily by extensive military modernization initiatives and a rapidly expanding commercial aviation sector. Major economies, including China and India, are significantly increasing defense budgets to upgrade combat aircraft and naval fleets with digital avionics suites. Concurrently, rising passenger traffic is accelerating fleet procurement and fostering indigenous aircraft manufacturing programs such as the C919. The region's robust automotive industry further supports this growth through the widespread integration of digital cockpit interfaces into electric vehicles, solidifying Asia Pacific's market dominance.

Recent Developments

In January 2025, Honeywell Aerospace Technologies formed a strategic collaboration with NXP Semiconductors to advance the development of next-generation cockpit solutions in the Global Multi-Function Display (MFD) Market. The partnership focused on integrating high-performance processing architectures into avionics suites to support cloud-connected and autonomous flight systems. By combining aerospace expertise with advanced automotive-grade processors, the companies aimed to produce thinner, high-resolution displays that offer improved energy efficiency. This initiative was intended to accelerate the deployment of intelligent flight decks, thereby enhancing situational awareness and safety for pilots across various aircraft platforms.
In July 2024, Raymarine announced significant functional upgrades to its Axiom Multi-Function Displays (MFDs), enhancing their utility within the marine market. The company introduced advanced fishing tools through a software update, which enabled users to control specific shallow water anchors and brushless trolling motors directly from their chartplotter screens. Additionally, a new feature was debuted that calculated drift vectors to assist anglers in maintaining precise vessel positioning over underwater structures. This development underscored the industry trend of consolidating total boat control and navigation data into a central MFD interface to improve operational efficiency for marine users.
In March 2024, Lowrance expanded its offerings in the Global Multi-Function Display (MFD) Market by unveiling the Eagle series, a new line of entry-level fishfinders and chartplotters. The company equipped these devices with high-definition sonar technology and detailed C-MAP charting to support improved angling efficiency. Featuring auto-tuning sonar and an IPS screen designed for optimal visibility in direct sunlight, the product was developed to make professional-grade marine electronics accessible to weekend anglers. This launch reinforced the manufacturer's commitment to providing rugged, high-performance navigation and sonar solutions tailored to a wide range of fishing environments.
In January 2024, Simrad Yachting introduced the NSX ULTRAWIDE, a groundbreaking addition to the marine electronics sector of the Global Multi-Function Display (MFD) Market. The company described the device as the world's first fully featured ultrawide marine display, engineered to provide the functional benefits of dual screens within a single, streamlined unit. Featuring a unique panoramic aspect ratio, the display was designed to deliver an immersive dashboard aesthetic and optimized full-page applications for boaters. This product launch aimed to simplify helm installations while enhancing the user experience through uninterrupted data flows and superior charting capabilities for recreational vessels.

Key Market Players

United Technologies Corporation
Saab AB
BAE Systems plc
Thales Group
Garmin Ltd.
Barco NV
Teledyne Technologies Incorporated
Northrop Grumman Corporation
Honeywell International, Inc.
Lockheed Martin Corporation

By Platform	By Systems	By Technology	By Region
Airborne Land Naval	Electronic Flight Displays (EFD) Head-Up Displays (HUD) Helmet-Mounted Displays (HMD) Portable Flexible Multi-function Displays	LED LCD/AMLCD TFT OLED Synthetic Vision	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Multi-Function Display (MFD) Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Multi-Function Display (MFD) Market, By Platform:

Airborne
Land
Naval

Multi-Function Display (MFD) Market, By Systems:

Electronic Flight Displays (EFD)
Head-Up Displays (HUD)
Helmet-Mounted Displays (HMD)
Portable
Flexible Multi-function Displays

Multi-Function Display (MFD) Market, By Technology:

LED
LCD/AMLCD
TFT
OLED
Synthetic Vision

Multi-Function Display (MFD) Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Multi-Function Display (MFD) Market.

Available Customizations:

Global Multi-Function Display (MFD) Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Multi-Function Display (MFD) Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Multi-Function Display (MFD) Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Platform (Airborne, Land, Naval)

5.2.2. By Systems (Electronic Flight Displays (EFD), Head-Up Displays (HUD), Helmet-Mounted Displays (HMD), Portable, Flexible Multi-function Displays)

5.2.3. By Technology (LED, LCD/AMLCD, TFT, OLED, Synthetic Vision)

5.2.4. By Region

5.2.5. By Company (2025)

5.3. Market Map

6. North America Multi-Function Display (MFD) Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Platform

6.2.2. By Systems

6.2.3. By Technology

6.2.4. By Country

6.3. North America: Country Analysis

6.3.1. United States Multi-Function Display (MFD) Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Platform

6.3.1.2.2. By Systems

6.3.1.2.3. By Technology

6.3.2. Canada Multi-Function Display (MFD) Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Platform

6.3.2.2.2. By Systems

6.3.2.2.3. By Technology

6.3.3. Mexico Multi-Function Display (MFD) Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Platform

6.3.3.2.2. By Systems

6.3.3.2.3. By Technology

7. Europe Multi-Function Display (MFD) Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Platform

7.2.2. By Systems

7.2.3. By Technology

7.2.4. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Multi-Function Display (MFD) Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Platform

7.3.1.2.2. By Systems

7.3.1.2.3. By Technology

7.3.2. France Multi-Function Display (MFD) Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Platform

7.3.2.2.2. By Systems

7.3.2.2.3. By Technology

7.3.3. United Kingdom Multi-Function Display (MFD) Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Platform

7.3.3.2.2. By Systems

7.3.3.2.3. By Technology

7.3.4. Italy Multi-Function Display (MFD) Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Platform

7.3.4.2.2. By Systems

7.3.4.2.3. By Technology

7.3.5. Spain Multi-Function Display (MFD) Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Platform

7.3.5.2.2. By Systems

7.3.5.2.3. By Technology

8. Asia Pacific Multi-Function Display (MFD) Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Platform

8.2.2. By Systems

8.2.3. By Technology

8.2.4. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Multi-Function Display (MFD) Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Platform

8.3.1.2.2. By Systems

8.3.1.2.3. By Technology

8.3.2. India Multi-Function Display (MFD) Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Platform

8.3.2.2.2. By Systems

8.3.2.2.3. By Technology

8.3.3. Japan Multi-Function Display (MFD) Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Platform

8.3.3.2.2. By Systems

8.3.3.2.3. By Technology

8.3.4. South Korea Multi-Function Display (MFD) Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Platform

8.3.4.2.2. By Systems

8.3.4.2.3. By Technology

8.3.5. Australia Multi-Function Display (MFD) Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Platform

8.3.5.2.2. By Systems

8.3.5.2.3. By Technology

9. Middle East & Africa Multi-Function Display (MFD) Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Platform

9.2.2. By Systems

9.2.3. By Technology

9.2.4. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Multi-Function Display (MFD) Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Platform

9.3.1.2.2. By Systems

9.3.1.2.3. By Technology

9.3.2. UAE Multi-Function Display (MFD) Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Platform

9.3.2.2.2. By Systems

9.3.2.2.3. By Technology

9.3.3. South Africa Multi-Function Display (MFD) Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Platform

9.3.3.2.2. By Systems

9.3.3.2.3. By Technology

10. South America Multi-Function Display (MFD) Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Platform

10.2.2. By Systems

10.2.3. By Technology

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Multi-Function Display (MFD) Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Platform

10.3.1.2.2. By Systems

10.3.1.2.3. By Technology

10.3.2. Colombia Multi-Function Display (MFD) Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Platform

10.3.2.2.2. By Systems

10.3.2.2.3. By Technology

10.3.3. Argentina Multi-Function Display (MFD) Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Platform

10.3.3.2.2. By Systems

10.3.3.2.3. By Technology

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Multi-Function Display (MFD) Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. United Technologies Corporation

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Saab AB

15.3. BAE Systems plc

15.4. Thales Group

15.5. Garmin Ltd.

15.6. Barco NV

15.7. Teledyne Technologies Incorporated

15.8. Northrop Grumman Corporation

15.9. Honeywell International, Inc.

15.10. Lockheed Martin Corporation

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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