“Military Displays Global Market Report 2023 ” 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.
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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.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
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
- 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
Major players in the military displays market are: BAE Systems Plc, Lockheed Martin Corporation, Thales Group, L3Harris Technologies Inc., Elbit Systems Limited, General Digital Corporation, Aselsan AS, Curtiss-Wright Defense Solutions, Advanced Embedded Solutions Limited, Crystal Group Inc., Hatteland Technology AS, Neuro Logic Systems Inc., Winmate Inc., CP Technologies LLC, Zmicro Inc., Xenarc Technologies Corporation, Collins Aerospace, Leonardo SpA, and Milcots LLC.
The global military displays market is expected to grow from $1.12 billion in 2022 to $1.18 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The military displays market is expected to grow to $1.45 billion in 2027 at a CAGR of 5.3%.
The military display market consists of sales of micro, and 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.
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.
North America was the largest region in the military displays market in 2022. 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 and Africa.
The main types of military displays are smart displays and conventional displays. The smart displays are used for monitoring advanced military operations. Smart displays are electronic devices that consist of embedded processors, rugged LCD panels, and sealed switches for interactive computing power on the battlefield. The technologies used include LED, LCD; AMOLED, and OLED with computer displays such as micro displays, small and medium-sized panels, and large panels. The end-users include naval, airborne, and land.
The growing use of computing and connected devices in the armed forces is expected to propel the growth of the military display market going forward. In recent years, many countries worldwide are more focusing on increasing their defense budget to provide their military with connected devices and smart computing capabilities to modernize their military operations to enhance national security. The military displays are part of connected devices with smart capabilities to aid military operations. For instance, in July 2020, according to an article published by Armed Forces Communications and Electronics Association, a US-based non-profit organization serving the military, government, industry, and academia as a forum for advancing professional knowledge, the number of connected devices is expected to double in the year 2023 as compared to the year 2019 in the US armed force due to explosion of new products and an increasing number of Internet of Things (IoT)-targeted attacks on the military. Therefore, the growing use of computing and connected devices in the armed forces is driving the growth of the military display market.
Technological advancement is the key trend gaining popularity in the military display market. Major companies operating in the military display market are focused on research and development for product innovations for better solutions to strengthen their position in the market. For instance, in May 2022, L3Harris Technologies, a US-based company operating in aerospace and defense technology to deliver end-to-end solutions to meet customers' mission-critical needs such as medical displays, introduced its advanced military display with image intensification technology with thermal imagery known as Fused Panoramic Night Vision Goggle (F-PANO). Image intensification technology is used to increase the intensity of low available light in surrounding such as a night in an optical system to enhance visual imaging for clear vision. F-PANO provides an advanced mobility system for the operator to asses and engages threats on the battlefield with greater speed and clarity and is capable of providing system communication to the end-user device to display Android Tactical Assault Kit (ATAK) information within the field-of-view of the goggle.
In August 2020, BAE Systems, a UK-based advanced, technology-led defense, aerospace and security solutions firm acquired Raytheon Technologies Corporation for an undisclosed amount. Through this acquisition, BAE Systems aims to strengthen its product portfolio in Aerospace Military Global Positioning System (GPS) business and to gain a market advantage in the aerospace and defense sector. Raytheon Technologies Corporation is a US-based company operating in aerospace and defense, and intelligence services.
The countries covered in the military displays market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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.
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.
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. COVID-19 Impact On Military Displays Market
- 4.2. Ukraine-Russia War Impact On Military Displays Market
- 4.3. Impact Of High Inflation On Military Displays Market
5. Military Displays Market Size And Growth
- 5.1. Global Military Displays Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Military Displays Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Military Displays Market Segmentation
- 6.1. Global Military Displays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Smart Displays
- Conventional Displays
- 6.2. Global Military Displays Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- LED (Light-Emitting Diode)
- LCD (Liquid-Crystal Display)
- AMOLED (Active-Matrix Organic Light-Emitting Diode)
- OLED (Organic Light-Emitting Diode)
- 6.3. Global Military Displays Market, Segmentation By Computer Display, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Microdisplays
- Small And Medium-Sized Panels
- Large Panels
- 6.4. Global Military Displays Market, Segmentation By End Market, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Naval
- Airborne
- Land
7. Military Displays Market Regional And Country Analysis
- 7.1. Global Military Displays Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Military Displays Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Military Displays Market, Segmentation By End Market, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Military Displays Market, Segmentation By End Market, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Military Displays Market
- 10.1. India Military Displays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Military Displays Market, Segmentation By End Market, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Military Displays Market
- 11.1. Japan Military Displays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Military Displays Market, Segmentation By End Market, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Military Displays Market
- 12.1. Australia Military Displays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Military Displays Market, Segmentation By End Market, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Military Displays Market
- 13.1. Indonesia Military Displays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Military Displays Market, Segmentation By End Market, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Military Displays Market
- 14.1. South Korea Military Displays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Military Displays Market, Segmentation By End Market, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Military Displays Market, Segmentation By End Market, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Military Displays Market
- 16.1. UK Military Displays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Military Displays Market, Segmentation By End Market, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Military Displays Market
- 17.1. Germany Military Displays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Military Displays Market, Segmentation By End Market, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Military Displays Market
- 18.1. France Military Displays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Military Displays Market, Segmentation By End Market, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Military Displays Market
- 19.1. Eastern Europe Military Displays Market Overview
- 19.2. Eastern Europe Military Displays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Military Displays Market, Segmentation By End Market, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Military Displays Market
- 20.1. Russia Military Displays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Military Displays Market, Segmentation By End Market, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Military Displays Market
- 21.1. North America Military Displays Market Overview
- 21.2. North America Military Displays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Military Displays Market, Segmentation By End Market, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Military Displays Market
- 22.1. USA Military Displays Market Overview
- 22.2. USA Military Displays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Military Displays Market, Segmentation By End Market, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Military Displays Market
- 23.1. South America Military Displays Market Overview
- 23.2. South America Military Displays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Military Displays Market, Segmentation By End Market, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Military Displays Market
- 24.1. Brazil Military Displays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Military Displays Market, Segmentation By End Market, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Military Displays Market
- 25.1. Middle East Military Displays Market Overview
- 25.2. Middle East Military Displays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Military Displays Market, Segmentation By End Market, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Military Displays Market
- 26.1. Africa Military Displays Market Overview
- 26.2. Africa Military Displays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Military Displays Market, Segmentation By End Market, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Military Displays Market Competitive Landscape And Company Profiles
- 27.1. Military Displays Market Competitive Landscape
- 27.2. Military Displays Market Company Profiles
- 27.2.1. BAE Systems Plc
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Lockheed Martin Corporation
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Thales Group
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. L3Harris Technologies Inc
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Elbit Systems Limited
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Military Displays Market
29. Military Displays Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer