SNS Insider Black Friday Offer
Military Displays Market

Military Displays Market by Computer Display (Micro-displays, Small, Medium-Sized Panels, Large Panels), By Product Type (Handheld, Simulators, Wearables, Vehicle Mounted, Computer Displays), By End Market (Naval, Land, Airborne), By Technology (LED, OLED, LCD, AMOLED), By Type (Smart Displays, Conventional Displays) and Regions, | Global Market Forecasts 2022-2028

Report Id: SNS/A&D/1212 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Military Displays Market Size was valued at USD 1.5 billion in 2021 and is expected to reach USD 2.12 billion by 2028, and grow at a CAGR of 5.1% over the forecast period 2022-2028.

Demonstration manufacturers are exploring new system structures to meet strict EMC rules and military specifications in developing security services demonstrations. Opportunities in the military exhibition market have grown as a result of rising investment in new digital video and communications. Advances in standard open systems and the emergence of new industrial electronic technologies enhance market opportunities for military displays. Hardness, lightweight, and poor weather resistance are some of the key product features that military exhibitors are focusing on to meet the needs of end-users in the military display market. Indeed, the adoption of new products and system structures for these displays has improved product capabilities in the military display market. In addition, the emergence of ergonomic designs to meet the needs of exhibitions in military shelters is improving the market. Some of the major application areas are ground control, maritime, and air traffic control stations.

Military Displays Market Revenue Graph

MARKET DYNAMICS:

KEY DRIVERS:

  • High-profit margin

  • Technology enhancement

  • High investment in R&D

RESTRAINTS:

  • Not much Ruggedness

OPPORTUNITIES:

  • Easy attachment

  • lightweight

CHALLENGES:

  • Support system

  • Long-lasting batteries

THE IMPACT OF COVID-19

Impact of COVID-19 supply chains in all regions. The defense industry saw the production industries shut down and the planning activities closed. The timeline for many major programs was disrupted as the temporary closure of F-35 production facilities in Japan and Italy in March 2020, and in April 2020, U.S. military officials suspended all operations, deployments, and exercises as they tried to control the situation. Although the plans were able to recover, most of the time in months, approximately USD 6 billion in government services and efforts to push for money from suppliers were spent. US industries have spent nearly $ 11 billion reorganizing production lines and building remote operating infrastructure. All the small industries have had a major impact on the epidemic as one in 7 companies is expected to be able to reach pre-epidemic levels. Many key players in the military exhibition market such as Lockheed Martin, Raytheon Technologies, and BAE programs have announced that the business has returned to normal but acknowledged the impact of costs and schedules on many programs.

By Computer Display

The global military displays market is divided into microdisplays, small and medium-sized panels, and large panels based on computer displays.

During the forecast period, the small and medium-sized panels segment is expected to lead the global military displays market in terms of revenue contribution.

Small and medium-sized panels are meant to provide a clear Surveillance view in order to maintain a robust defense capability and aid in target tracking and exact placement. The increased visibility of goals is attributable to the segment's growth.

By End-Use Market

The global military displays market is divided into three segments based on end-use: naval, airborne, and land. Over the projected period, the naval segment is expected to lead in terms of revenue contribution to the market. Military displays are intended to serve as surveillance systems and to aid in the launch of weapons at targets. In an emergency, these serve as situational awareness systems, connecting to the command room or center to enable the deployment of a better warfighting plan. Different display types can be coupled to provide superior video feeds from an external sensor. As a result, military shows help to increase a country's security. The growing use of military displays in maritime applications due to their high efficiency is likely to generate revenue. growth of this segment over the forecast period.

By Technology

The global military displays market is divided into Light Emitting Diode (LED), Liquid Crystal Display (LCD), Active-Matrix Organic Light-Emitting Diode (AMOLED), and Organic Light Emitting Diode (OLED) (OLED). During the forecast period, the LCD segment is likely to lead in terms of revenue contribution to the worldwide military displays market. Military has begun utilizing LCD displays because they are less expensive than other types of displays and can withstand harsh environments.

By Type

The global military displays market is divided into two types: smart displays and conventional displays. Because of rising demand for smart displays, the smart displays segment is expected to lead in terms of revenue contribution during the forecast period. As commands from the control room should be highly visible, smart displays are advantageous due to various benefits such as size and resolution. Because smart displays are designed to function outdoors, they are used in the military due to their lightweight and flexibility. As a result, rising demand for smart displays is expected to boost revenue growth in this segment in the coming years.

Key Market Players

Major players operating in the Military Displays Market include Raytheon Technologies, Lockheed Martin Corporation, Elbit Systems, Bae Systems, and other palyers. These key players offer Military Display products and strong distribution networks across North America, Europe, Asia Pacific, Middle East and Latin America.

MARKET SEGMENTATION:

Military Displays Market, By Computer Display

  • Micro-displays

  • Small & Medium-Sized Panels

  • Large Panels

Military Displays Market, By Product Type.

  • Handheld

  • Wearables

  • Vehicle Mounted

  • Simulators

  • Computer Displays

Military Displays Market, By End Market

  • Naval

  • Airborne

  • Land.

Military Displays Market, By Technology

  • LED

  • LCD

  • AMOLED

  • OLED

Military Displays Market, By Type

  • Smart Displays

  • Conventional Displays

Military Displays Market Segment Chart

REGIONAL ANALYSIS:

During the forecast period, the North American market is expected to grow at a CAGR of 5.7 percent. The United States dominates this market, investing heavily in military displays to maintain its combat superiority, as well as displays for monitoring operations, identifying enemies, and a variety of other tactical options. The United States intends to increase its spending on military displays in order to gain a competitive advantage over other countries.

Due to increased investments and the adoption of advanced multifunctional displays in military technologies by countries in this region, this region is expected to lead the market from 2022 to 2028. The presence of prominent military display manufacturers and integrators such as Lockheed Martin, Northrop Grumman, L3Harris Technologies, Inc., and Raytheon Technologies, is also expected to drive the market in the region over the forecast period.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Military Displays Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 1.5 Billion
Market Size by 2028 US$ 2.12 Billion
CAGR CAGR of 5.1% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Computer Display (Micro-displays, Small, Medium-Sized Panels, Large Panels)
• By Product Type (Handheld, Simulators, Wearables, Vehicle Mounted, Computer Displays)
• By End Market (Naval, Land, Airborne)
• By Technology (LED, OLED, LCD, AMOLED)
• By Type (Smart Displays, Conventional Displays)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Raytheon Technologies, Lockheed Martin Corporation, Elbit Systems, Bae Systems, and other palyers.
DRIVERS • High-profit margin
• Technology enhancement
• High investment in R&D
RESTRAINTS • Not much Ruggedness


Frequently Asked Questions (FAQ) :


Table of Contents:

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

  1. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

 

  1. Value Chain Analysis

 

  1. Porter’s 5 forces model

 

  1.  PEST Analysis

 

8. Military Displays Market, By Computer Display

8.1 Micro-displays

8.2 Small & Medium-Sized Panels

8.3 Large Panels

 

9. Military Displays Market, By Product Type.

9.1 Handheld

9.2 Wearables

9.3 Vehicle Mounted

9.4 Simulators

9.5 Computer Displays

 

10. Military Displays Market, By End Market

10.1 Naval

10.2 Airborne

10.3 Land.

 

11. Military Displays Market, By Technology

11.1 LED

11.2 LCD

11.3 AMOLED

11.4 OLED

 

12. Military Displays Market, By Type

12.1 Smart Displays

12.2 Conventional Displays

 

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

 

14. Company Profiles

14.1 Raytheon Technologies

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 Lockheed Martin Corporation

14.3 Elbit Systems

14.4 Bae Systems

 

15. Competitive Landscape

15.1 Competitive Benchmark

15.2 Market Share analysis

15.3 Recent Developments

 

16. Conclusion

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.

Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence center, our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real-time.

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but is not limited to getting rid of the many typos, duplication of numbers, or missing any important information. The people involved in this process include technical content writers, research heads, and graphics people. Once this process is completed the title gets uploaded on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.