REPORT ATTRIBUTE | DETAILS |
---|---|
MARKET SIZE (2032) | USD 2.1 billion |
MARKET SIZE (2023) | USD 1.3 billion |
CAGR (2023-2029) | 5.99% |
HISTORIC YEAR | 2019 |
BASE YEAR | 2023 |
FORECAST YEAR | 2032 |
BY TYPE | Head-Up Displays (HUDs) Helmet-Mounted Displays (HMDs) and Multi-Function Displays (MFDs) |
BY APPLICATION | Land Naval Airborne Platforms |
GEOGRAPHIC ANALYSIS | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
KEY PLAYERS | BAE Systems plc, Elbit Systems Ltd., Thales Group, Saab AB, L3Harris Technologies, Inc., Raytheon Technologies Corporation, Northrop Grumman Corporation, Leonardo S.p.A., Lockheed Martin Corporation, Honeywell International Inc., Collins Aerospace (a Raytheon Technologies company), General Dynamics Corporation, Esterline Technologies Corporation (a subsidiary of Transdigm Group), Rockwell Collins (now Collins Aerospace), Kongsberg Gruppen ASA, Rheinmetall AG, ASELSAN A.Ş., FLIR Systems, Inc., Israel Aerospace Industries Ltd. (IAI), Terma A/S. |
Military Displays Market in 2023 was valued at USD 1.3 billion it is projected to grow to USD 2.1 billion by 2032, at a CAGR of 5.99% from 2024 to 2032.Military displays are designed for demanding environments and critical applications. These special computer monitors are designed to withstand shock, vibration, extreme temperatures, dirt, dust, rain and salt water. Often includes special features such as high brightness for sunlight readability, low-light night vision compatibility, and anti-reflective coatings to reduce glare.
The market is driven by the need for technological development of military display systems. The systems must withstand extreme conditions and give the best possible result. Increasing international conflicts have a positive effect on the market. Market growth is also encouraged by increasing military spending by countries.
Key players:
BAE Systems plc
Elbit Systems Ltd.
Thales Group
Saab AB
L3Harris Technologies, Inc.
Raytheon Technologies Corporation
Northrop Grumman Corporation
Leonardo S.p.A.
Lockheed Martin Corporation
Honeywell International Inc.
Collins Aerospace (a Raytheon Technologies company)
General Dynamics Corporation
Esterline Technologies Corporation (a subsidiary of Transdigm Group)
Rockwell Collins (now Collins Aerospace)
Kongsberg Gruppen ASA
Rheinmetall AG
ASELSAN A.Ş.
FLIR Systems, Inc.
Israel Aerospace Industries Ltd. (IAI)
Terma A/S
Recent Developments:
Jun 27 2024 BAE Systems has awarded a contract worth up to €42 million (1 billion Czech Koruna) to Tatra Defense Vehicle of the Czech Republic, for the welding, paint, and installation of hull insulation for BvS10 vehicles in the new three-nation Collaborative All-Terrain Vehicle (CATV-3N) program.
Haifa, Israel, June 10, 2024 – Elbit Systems Ltd. announced that S&P Global Ratings Maalot Ltd., an Israeli rating agency issued its rating report regarding Elbit Systems. In its Rating Report, Maalot reaffirmed its long term rating of “ilAA” with a stable outlook regarding the Company’s Series B, C and D Notes, and its short term rating of “ilA-1+” regarding the Company’s Commercial Paper.
Competitive Analysis:
Competition in the military display market is characterized by a combination of established defense contractors and specialist technology companies. Major players such as BAE Systems, Elbit Systems and Thales dominate with their wide range of advanced display technologies adapted for military applications. These companies use their R&D capabilities and long-term contracts with defense agencies around the world to maintain their market leadership. In addition, emerging players such as FLIR Systems and ASELSAN are gaining traction with a focus on innovation in sustainable display solutions and improving situational awareness, intensifying competition and driving technological progress in the industry.
Market segmentation:
By Type:
Head-Up Displays (HUDs): Provide critical information directly in the pilot's line of sight, enhancing situational awareness without requiring them to look away from the flight path.
Helmet-Mounted Displays (HMDs): Integrated into helmets worn by personnel, these displays offer real-time data overlay, aiding soldiers with tactical information in combat scenarios.
Multi-Function Displays (MFDs): Versatile screens used across various platforms like vehicles and command centers, displaying multiple types of information simultaneously.
By Application:
Land: Used in armored vehicles, command centers, and infantry equipment to provide real-time situational awareness and operational data.
Naval: Integrated into ships and submarines for navigation, target tracking, and command and control purposes.
Airborne: Essential for cockpit instrumentation, navigation aids, targeting systems, and mission planning on military aircraft.
By End User:
Defense Agencies: Government bodies responsible for national defense procurement and strategy.
Armed Forces: Military branches using these displays in operations ranging from surveillance to combat missions.
Government Entities: Including homeland security and border control agencies utilizing displays for surveillance and intelligence gathering.
Value Chain Analysis:
Value chain analysis identifies key stages and participants in the production and distribution of goods and services. Here are the key components in the Military Displays Market value chain:
Research & Development (R&D)
Component Suppliers
Manufacturing
Distribution & Logistics
Integration & Installation
Training & Support
Maintenance & Upgrades
End Users
Porter’s Analysis:
Threat of New Entrants: Barriers to entry such as high cost of R&D, strict regulatory requirements and established relationships with defense agencies present significant challenges to new entrants in the military display market.
Bargaining power of suppliers: Suppliers of critical components such as display panels and durable materials have reasonable leverage due to the specifics of military requirements and the need for high-quality, reliable components.
Bargaining Power of Buyers: Defense agencies and the armed forces have significant bargaining power that leverages large procurement budgets and the ability to demand customized solutions to meet specific operational needs.
Risk of Substitute Products or Services: The risk of substitute products or services is relatively low due to the unique requirements of military grade displays. They must withstand harsh environments and perform special functions important for defense operations.
Industry Competition: Competition among major players such as BAE Systems, Lockheed Martin and Thales is intensifying due to continuous innovation, technological advancement and pursuit of lucrative defense contracts worldwide, resulting in medium to high industry competition.
Key Benefits to Stakeholders:
Military Displays Market analysis includes in-depth information on major industry players.
Porter's five forces analysis helps to analyze the potential of buyers and suppliers and the competitive situation of the industry in strategy formulation.
The report includes an in-depth analysis of the Military Displays Market forecast from 2024 to 2032.
The report highlights the current global chlorine dioxide trends and the future scenario of the Military Displays Market from 2024 to 2032 to understand prevailing opportunities and potential investment pockets.
Key drivers, restraints, and opportunities along with their detailed impact analysis are explained in the Military Displays Market study.
Key Market Drivers:
Technological Advances in Display Technologies: Technological advances in display technologies that offer higher resolution, better contrast ratio, wider viewing angles, and lower power consumption are introduced. This ensures that military displays provide soldiers with clear and accurate information in any environment.
Integration of displays with other military systems: The integration of displays with other military systems, such as weapon systems, communication systems and sensor systems, is increasing. This allows for a more holistic view of the battlefield and can improve the effectiveness of military operations.
Growing demand for displays for new military platforms: New military platforms such as unmanned aerial vehicles (UAVs) and autonomous vehicles are increasing the demand for new types of military displays. These screens must be small, light and consume little energy, but still provide high quality images.
Increasing demand for training and simulation displays: The demand for displays used for training and simulation is increasing. Realistic training simulations can better prepare soldiers for real combat situations
Key Trends:
The next generation of display technologies will be presented: this includes OLED and quantum dot displays, which offer improved performance compared to traditional liquid crystal displays. These advances provide soldiers with clearer and more informative images during operations.
Increasing focus on cyber security: As military displays are integrated with critical systems, concerns about cyber-attacks are increasing. Manufacturers are prioritizing strong cybersecurity measures to protect these screens and ensure data and system integrity.
Durable and sunlight-readable displays are in high demand: the need for displays that can withstand harsh environments and are viewed in sunlight remains critical. Display materials and coatings are currently being developed to achieve this.
Touchscreen technology is integrated: Touchscreens are growing in popularity due to their user-friendly interface and ability to streamline your operations. This enables faster and more intuitive communication with critical information.
Flexible and curved displays are on the way: These innovative displays offer unique design options for integrating displays into various military platforms that can improve ergonomics and space utilization in vehicles and cockpits.
Key Restraints:
Budget Constraints and Pressure on Defense Spending: While the importance of advanced display systems is recognized, limitations in allocating adequate resources to the defense budget may prevent the acquisition of advanced technology. This challenge particularly concerns countries with economic uncertainty or competing domestic priorities.
Strict regulatory requirements and lengthy procurement processes: Military displays are rigorously tested and certified to ensure they meet strict performance and safety standards. Lengthy procurement processes can delay the introduction of new imaging technologies, which can impede the development of military capabilities.
Rapidly evolving technology landscape: The display technology landscape is constantly changing. Keeping up with these advances requires manufacturers to continually invest in research and development. Military display manufacturers must adapt their offerings to remain competitive while meeting strict regulatory requirements.
Conclusion:
The Military Display market is set to grow from USD 1.3 billion in 2023 to USD 2.1 billion by 2032, with a CAGR of 5.99%. These displays are designed for tough conditions and critical applications, featuring advanced technologies like high brightness and night vision compatibility. Driving factors include technological advancements, rising global military expenditures, and growing international conflicts. Key players like BAE Systems and Thales lead the market through innovation and partnerships. Challenges include budget constraints, regulations, and rapid technological advancements, requiring continual investment and adaptation for success in meeting defense needs.
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