Global Military Displays market overview 2024, Forecast To 2033
4 Mar, 2024
The military displays market has experienced robust growth, rising from$1.19 billion in 2023 to$1.26 billion in 2024, with a compound annual growth rate (CAGR) of 5.6%. This growth is attributed to increased demand for rugged displays, emphasis on soldier modernization, training and simulation systems, cybersecurity concerns, and global defense expenditure. Forecasts indicate strong growth, with the market projected to reach$1.57 billion by 2028, exhibiting a compound annual growth rate (CAGR) of 5.7%. Factors driving this growth include focus on energy-efficient displays, proliferation of unmanned systems, development of human-machine interface (HMI), urban warfare and close-quarters operations, and the adoption of multi-function displays. Major trends in the forecast period encompass integration of touchscreen technology, advancements in night vision display technology, transition to OLED and quantum dot displays, emphasis on cybersecurity in display systems, development of ruggedized and sunlight-readable displays, and innovations in flexible and curved displays.
Global Military Displays Market Key Driver
The military display market is witnessing growth driven by the growing integration of computing and connected devices in defense systems worldwide. Countries are increasingly allocating budgets to enhance military capabilities through smart computing technologies and connected devices, necessitating advanced military display systems for improved operational efficiency. Notably, the Armed Forces Communications and Electronics Association highlighted in July 2020 an imminent surge in connected devices within the US armed forces, driven by new product launches and the rise of Internet of Things (IoT)-targeted attacks. Thus, the proliferation of computing and connected devices in the armed forces is propelling the growth of the military display market.
Get A Free Sample Of The Global Military Displays Market ReportGlobal Military Displays Market Segments
The global military displays market covered in this report is segmented –
1) By Type: Smart Displays,Conventional Displays
2) By Technology: LED, LCD, AMOLED, OLED
3) By Computer Display: Microdisplays, Small and Medium-Sized Panels, Large Panels
4) By End Market: Naval, Airborne, Land
By Geography: The regions covered in the military displays market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the military displays market in 2023. Europe was the second-largest region in the military displays market. The regions covered in the military displays market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Military Displays Industry Players
BAE Systems PLC, Lockheed Martin Corporation, Thales Group, L3Harris Technologies Inc., Elbit Systems Limited, General Digital Corporation, Aselsan AS, Curtiss-Wright Corporation, Advanced Embedded Solutions Limited, Crystal Group Inc., Hatteland Technology AS, Neuro Logic Systems Inc., Winmate Inc., CP Technologies LLC, Zmicro Inc., Xenarc Technologies Corporation, Leonardo SpA, Milcots LLC, Raytheon Technologies Corporation, Honeywell International Inc., Esterline Technologies Corporation, Saab AB, Barco NV, General Dynamics Corporation, Northrop Grumman Corporation, Garmin Ltd., FLIR Systems Inc., Vartech Systems Inc., Planar Systems Inc., EIZO Corporation, IEE Inc., Avidyne Corporation, AMLCD Inc.
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Military Displays Market Overview
Military displays are advanced electronic devices that are lighted in weight and equipped in arm forces to provide military monitoring operations in critical military operations. Different sizes of military displays are used based on applications, such as bigger displays in tactical operation centers.
Military Displays Global Market Report 2023 provides data on the global military displays market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The military displays market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.