PUBLISHER: The Business Research Company | PRODUCT CODE: 1425642
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425642
Military Displays Global Market Report 2024
Military Displays Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on military displays market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for military displays? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The military displays market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 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
- Companies Mentioned: BAE Systems PLC; Lockheed Martin Corporation; Thales Group; L3Harris Technologies Inc.; Elbit Systems Limited
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Military displays represent sophisticated electronic devices utilized by armed forces, offering lightweight solutions for critical military monitoring operations. These devices come in various sizes, with larger displays commonly deployed in tactical operation centers to cater to specific applications within military operations.
The spectrum of military displays, two primary categories prevail such as smart displays and conventional displays. Smart displays are instrumental in monitoring and facilitating advanced military operations. They encompass electronic devices featuring embedded processors, rugged LCD panels, and sealed switches, providing interactive computing capabilities in battlefield settings. Leveraging technologies like LED, LCD, AMOLED, and OLED, these displays come in various forms include micro displays, small to medium-sized panels, and large panels-catering to diverse end-users across naval, airborne, and land-based operations.
The military displays market research report is one of a series of new reports from The Business Research Company that provides military displays market statistics, including military displays industry global market size, regional shares, competitors with a military displays market share, detailed military displays market segments, market trends and opportunities, and any further data you may need to thrive in the military displays industry. This military display market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The military displays market size has grown strongly in recent years. It will grow from $1.19 billion in 2023 to $1.26 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth observed in the historical period can be attributed to several factors, including heightened demand for rugged displays, a concentrated effort on soldier modernization initiatives, the development of training and simulation systems, concerns surrounding cybersecurity, and the substantial increase in global defense expenditure.
The military displays market size is expected to see strong growth in the next few years. It will grow to $1.57 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. Anticipated growth in the forecasted period is linked to a concentration on energy-efficient displays, a notable rise in unmanned systems, advancements in human-machine interface (HMI) technologies, and the increasing relevance of urban warfare and close-quarters operations, alongside the utilization of multi-function displays. Significant trends projected for this period involve the integration of touchscreen technology, advancements in night vision display systems, a shift towards OLED and quantum dot displays, a heightened emphasis on cybersecurity in display systems, the innovation of ruggedized and sunlight-readable displays, and the development of flexible and curved display technologies.
The anticipated advancement of computing and connected devices in armed forces is poised to drive the growth of the military display market in the future. Various nations globally have intensified their focus on bolstering defense budgets to equip their militaries with connected devices and smart computing capabilities, aiming to modernize military operations and bolster national security. Military displays, integral components of these connected devices with smart functionalities, play a pivotal role in supporting military operations by providing essential visual information, heightening situational awareness, and enabling swift decision-making. For instance, as per the Armed Forces Communications and Electronics Association in July 2020, the expected doubling of connected devices in the US armed forces by 2023 compared to 2019 reflects the surge in new products and the escalating frequency of Internet of Things (IoT)-targeted attacks on the military, further fueling the growth of the military display market.
The burgeoning expansion of the military sector is anticipated to propel the growth of the military display market in the forthcoming years. Often referred to as the defense sector, the military domain encompasses institutions, organizations, and activities focused on a nation's defense and security. Military displays play a crucial role within this sector, offering vital visual information, enhancing situational awareness, and facilitating rapid decision-making processes. For instance, according to the Stockholm International Peace Research Institute's April 2023 report, global military spending surged by 3.7% to $2240 billion in 2022. This significant growth within the military sector acts as a driving force for the expansion of the military display market.
Technological advancements emerge as a prominent trend gaining traction within the military display market. Key players in this market segment concentrate on research and development endeavors to innovate products and devise superior solutions, aiming to solidify their market positions. For instance, L3 Harris Technologies, in May 2022, unveiled its cutting-edge military display-the Fused Panoramic Night Vision Goggle (F-PANO). This advanced system incorporates image intensification technology and thermal imagery to enhance visual imaging in low-light environments, offering clearer vision for operational use. Notably, the F-PANO enables swift threat assessment and engagement on the battlefield, boasting system communication capabilities that display Android Tactical Assault Kit (ATAK) information within the goggle's field-of-view.
Prominent players within the military display market are increasingly adopting a strategic partnership approach to explore the production of crucial guided weapon components. These strategic collaborations involve leveraging respective strengths and resources to achieve mutual benefits and success. For instance, in November 2023, Aerojet Rocketdyne Inc. announced a collaboration with the NIOA Group, focusing on Aerojet Rocketdyne's future assembly and manufacturing of rocket motors, boosters, and warheads for weapons. This partnership aligns with Australia's Guided Weaponry and Explosive Ordnance (GWEO) Enterprise, fulfilling vital munitions requirements and demonstrating NIOA Group's commitment to meeting Australia's armament needs.
In July 2022, Thales Group, a France-based manufacturer specializing in military displays, completed the acquisition of Advanced Acoustic Concepts, LLC, for an undisclosed sum. This strategic move by Thales aims to expand its engineering and manufacturing presence within the US military sector, enhancing its capabilities and teams based in the United States. Advanced Acoustic Concepts, LLC, based in the US, is known for its production of military equipment.
Major companies operating in the military displays market report are 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.
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.
The countries covered in the military displays market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The military display market consists of sales of micro, small, and medium-sized military display panels for monitoring purposes. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Table of Contents
1. Executive Summary
2. Military Displays Market Characteristics
3. Military Displays Market Trends And Strategies
4. Military Displays Market - Macro Economic Scenario
- 4.1. Impact Of High Inflation On The Market
- 4.2. Ukraine-Russia War Impact On The Market
- 4.3. COVID-19 Impact On The Market
5. Global Military Displays Market Size and Growth
- 5.1. Global Military Displays Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
- 5.2. Global Military Displays Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
- 5.3. Global Military Displays Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Military Displays Market Segmentation
- 6.1. Global Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Smart Displays
- Conventional Displays
- 6.2. Global Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- LED
- LCD
- AMOLED
- OLED
- 6.3. Global Military Displays Market, Segmentation By Computer Display, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Microdisplays
- Small and Medium-Sized Panels
- Large Panels
- 6.4. Global Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Naval
- Airborne
- Land
7. Military Displays Market Regional And Country Analysis
- 7.1. Global Military Displays Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 7.2. Global Military Displays Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Military Displays Market
- 8.1. Asia-Pacific Military Displays Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.3. Asia-Pacific Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.4. Asia-Pacific Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Military Displays Market
- 9.1. China Military Displays Market Overview
- 9.2. China Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.3. China Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.4. China Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Military Displays Market
- 10.1. India Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.2. India Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.3. India Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Military Displays Market
- 11.1. Japan Military Displays Market Overview
- 11.2. Japan Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.3. Japan Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.4. Japan Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Military Displays Market
- 12.1. Australia Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.2. Australia Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.3. Australia Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Military Displays Market
- 13.1. Indonesia Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.2. Indonesia Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.3. Indonesia Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Military Displays Market
- 14.1. South Korea Military Displays Market Overview
- 14.2. South Korea Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.3. South Korea Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.4. South Korea Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Military Displays Market
- 15.1. Western Europe Military Displays Market Overview
- 15.2. Western Europe Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.3. Western Europe Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.4. Western Europe Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Military Displays Market
- 16.1. UK Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.2. UK Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.3. UK Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Military Displays Market
- 17.1. Germany Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.2. Germany Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.3. Germany Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Military Displays Market
- 18.1. France Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.2. France Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.3. France Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Military Displays Market
- 19.1. Italy Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.2. Italy Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.3. Italy Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Military Displays Market
- 20.1. Spain Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.2. Spain Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.3. Spain Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Military Displays Market
- 21.1. Eastern Europe Military Displays Market Overview
- 21.2. Eastern Europe Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.3. Eastern Europe Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.4. Eastern Europe Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Military Displays Market
- 22.1. Russia Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.2. Russia Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.3. Russia Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Military Displays Market
- 23.1. North America Military Displays Market Overview
- 23.2. North America Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.3. North America Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.4. North America Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Military Displays Market
- 24.1. USA Military Displays Market Overview
- 24.2. USA Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.3. USA Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.4. USA Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Military Displays Market
- 25.1. Canada Military Displays Market Overview
- 25.2. Canada Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.3. Canada Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.4. Canada Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Military Displays Market
- 26.1. South America Military Displays Market Overview
- 26.2. South America Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.3. South America Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.4. South America Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Military Displays Market
- 27.1. Brazil Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.2. Brazil Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.3. Brazil Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Military Displays Market
- 28.1. Middle East Military Displays Market Overview
- 28.2. Middle East Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.3. Middle East Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.4. Middle East Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Military Displays Market
- 29.1. Africa Military Displays Market Overview
- 29.2. Africa Military Displays Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.3. Africa Military Displays Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.4. Africa Military Displays Market, Segmentation By End Market, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Military Displays Market Competitive Landscape And Company Profiles
- 30.1. Military Displays Market Competitive Landscape
- 30.2. Military Displays Market Company Profiles
- 30.2.1. BAE Systems plc
- 30.2.1.1. Overview
- 30.2.1.2. Products and Services
- 30.2.1.3. Strategy
- 30.2.1.4. Financial Performance
- 30.2.2. Lockheed Martin Corporation
- 30.2.2.1. Overview
- 30.2.2.2. Products and Services
- 30.2.2.3. Strategy
- 30.2.2.4. Financial Performance
- 30.2.3. Thales Group
- 30.2.3.1. Overview
- 30.2.3.2. Products and Services
- 30.2.3.3. Strategy
- 30.2.3.4. Financial Performance
- 30.2.4. L3Harris Technologies Inc.
- 30.2.4.1. Overview
- 30.2.4.2. Products and Services
- 30.2.4.3. Strategy
- 30.2.4.4. Financial Performance
- 30.2.5. Elbit Systems Limited
- 30.2.5.1. Overview
- 30.2.5.2. Products and Services
- 30.2.5.3. Strategy
- 30.2.5.4. Financial Performance
- 30.2.1. BAE Systems plc
31. Global Military Displays Market Competitive Benchmarking
32. Global Military Displays Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Military Displays Market
34. Military Displays Market Future Outlook and Potential Analysis
- 34.1 Military Displays Market In 2028 - Countries Offering Most New Opportunities
- 34.2 Military Displays Market In 2028 - Segments Offering Most New Opportunities
- 34.3 Military Displays Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies
35. Appendix
- 35.1. Abbreviations
- 35.2. Currencies
- 35.3. Historic And Forecast Inflation Rates
- 35.4. Research Inquiries
- 35.5. The Business Research Company
- 35.6. Copyright And Disclaimer
