Military Displays Market – Trends Forecast Till 2030

Market Snapshot

Market Overview

The global Military Displays Market size was estimated at USD 1.6 billion in 2023 and is projected to reach USD 2.1 billion in 2030 at a CAGR of 4.1% during the forecast period 2024-2030.

The global military displays market has been experiencing steady growth, driven by several key factors, including technological advancements and defense modernization programs. Military displays are essential for various applications, including ground control stations, training, simulation, and surveillance. These displays are designed to operate in harsh environments such as high temperatures, strong vibrations, wet, and dusty conditions. They are used across land, aircraft, and naval operations, providing critical visual information necessary for mission success.

Technological advancements play a significant role in the military displays market. Innovations in display technology, such as OLED and LCD advancements, have enhanced the performance and reliability of military displays. These improvements offer higher resolution, better durability, and enhanced readability in various lighting conditions, which are essential for mission-critical operations. The increased integration of sophisticated display systems in modern military equipment, from handheld devices to large command center screens, underscores the importance of clear and accurate visual information in defense operations. As nations invest in defense modernization programs worldwide, the demand for advanced military display solutions continues to grow, as they seek to equip their forces with the latest technology to maintain strategic advantages.

Emerging trends in the military displays market reflect the evolving needs of modern warfare. The shift towards network-centric warfare, where real-time data sharing and situational awareness are crucial, has spurred the development of interconnected display systems. Augmented reality (AR) and virtual reality (VR) technologies are increasingly being incorporated into military displays, providing immersive training environments and enhanced battlefield visualization. The emphasis on lightweight, portable, and ruggedized displays caters to the requirements of soldiers in the field, ensuring they have access to critical information regardless of their operational environment. These trends highlight the ongoing transformation in military strategies and the corresponding need for adaptable and advanced display technologies.

The market presents several opportunities and challenges. Opportunities abound in the continuous advancement of display technologies and their applications. The development of flexible and wearable displays opens new possibilities for integrating visual information into soldiers' gear seamlessly. As military forces worldwide focus on enhancing their cyber capabilities, secure and encrypted display systems become increasingly vital, offering avenues for innovation in cybersecurity for military applications. However, challenges include the need for high investment in research and development to keep pace with rapid technological changes. Regulatory compliance and meeting stringent military standards for durability and performance also pose significant hurdles. Balancing these challenges with the opportunities available will be crucial for stakeholders in the military displays market as they navigate the future landscape of defense technology.

The COVID-19 pandemic negatively impacted the military display industry by causing disruptions in the supply chain, delaying production and delivery of crucial components, and compromising readiness. Social barriers and travel limitations hampered collaboration and testing, impeding development and innovations. Additionally, budgetary constraints caused by pandemic-related expenses impacted defense resources, potentially limiting investments in advanced military displays. Despite these challenges, the pandemic emphasized the significance of durable and flexible communication systems, underlining the importance of updating military displays to improve distant operations and decision-making capabilities during crises.

Delvens Industry Expert's Standpoint

The military displays market is currently experiencing steady growth, driven by technological advancements and defense modernization efforts. Imaging and display technologies are vital across land, air, and naval operations, aiding in surveillance, threat detection, and intelligence systems. Modern military displays feature enhanced impact resistance, durability, readability in direct sunlight, and ease of installation. Leading companies like Seatronx and General Digital produce specialized displays for various military applications, including 4K displays for clear viewing and mobile monitors for dynamic environments. Looking ahead, the market is expected to see significant advancements through continuous R&D and technological innovations. The integration of augmented reality (AR) and virtual reality (VR) into military displays will provide immersive training environments and improved battlefield visualization. Flexible and wearable displays will enhance the adaptability and functionality of military gear. The shift towards network-centric warfare, emphasizing real-time data sharing and situational awareness, will drive the demand for interconnected display systems. Despite challenges such as high R&D investment costs and stringent regulatory standards, the market is poised for substantial growth as defense forces worldwide seek advanced display technologies to maintain strategic advantages.

Market Portfolio

Key Findings

• On the basis of end market, The growth of the military displays market is driven by the increasing demand for higher resolution displays at headquarters and command centers, used for monitoring operations, identifying enemies, and various tactical tasks. These displays must handle data quickly and efficiently, be sleek and compact, and function reliably in hostile environments. The expanding defense sector and substantial defense budgets of countries like the US, China, and Saudi Arabia are key factors propelling this market worldwide. Military displays' advanced features, such as enhanced durability, impact resistance, and readability in direct sunlight, contribute to their rising adoption. Continuous technological advancements and investment in R&D are further boosting the market, as nations seek sophisticated display solutions to maintain strategic advantages and improve operational efficiency.

• On the basis of Technology, the demand for LCD display modules is rising due to the increased production of electronic products such as avionics cockpit displays, PC monitors, LCD TVs, indoor and outdoor signage, and instrument panels. Military LCD panels are designed with high-strength components to enhance performance in extreme temperatures, incorporate shock-absorbing technology to withstand vibrations and shocks, and use non-corrosive materials to resist moisture and salt. These robust features make them ideal for various demanding applications, ensuring reliable operation in harsh environments. The growth in the military displays market is driven by the need for durable and high-performing display solutions that can meet the rigorous standards of modern defense and aerospace operations.

• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America held the largest military displays market share, driven by significant U.S. military investments and the presence of major industry players like Lockheed Martin Corporation and Raytheon Technologies.

Regional Analysis

North America to Dominate the Market

• North America dominates the largest military displays market share, led by the U.S., which is heavily investing in military displays to maintain combat superiority and enhance tactical operations. The region is expected to lead the market from 2021 to 2026 due to increased investments and the adoption of advanced multifunctional displays in military technologies. The presence of prominent manufacturers and integrators, such as Lockheed Martin, Northrop Grumman, L3Harris Technologies, and Raytheon Technologies, further drives market growth. These factors position North America at the forefront of the military displays market during the forecast period.

Competitive Landscape

• ABB Ltd.
• Aeris Technologies, Inc.
• Atmos International
• Physical Sciences Inc.
• Schneider Electric S.E
• Siemens Gas and Power GmbH & Co. KG
• Teledyne FLIR LLC
• Lockheed Martin Corporation
• Raytheon Technologies Corporation
• Northrop Grumman Corporation
• L3Harris Technologies, Inc.
• BAE Systems
• Thales Group
• Honeywell International Inc.
• General Dynamics Corporation
• Elbit Systems Ltd.
• Leonardo S.p.A.
• Saab AB
• Barco NV
• Curtiss-Wright Corporation
• Esterline Technologies Corporation

Recent Developments

• In June 2022, L3Harris will provide its Fused Night Vision System (FNVS), which integrates image intensification technology with thermal imagery to enhance situational awareness, targeting, and identification for soldiers. This system will enable soldiers to see their surroundings and navigate effectively, featuring an individual heads-up display that presents direction and location information.

• In October 2023, Samsung Display (SDC) purchased all shares of eMagin, a prominent U.S.-based micro-OLED manufacturer. This acquisition has enabled SDC to venture into the military extended reality (XR) device market.

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Report Scope