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The Military Displays Market worldwide is experiencing robust growth, with a noteworthy CAGR projected for the forecast period until 2032. Military displays are used to provide better visual inputs to the military. Different types of military displays are used according to the application, ranging from small screens to large projectors. The displays need to be sunlight readable, waterproof, night vision capable, and withstand extreme shock and vibrations. There are also touch screen military displays available.
Military displays are of several type, each with different mechanisms and different applications. The most prominent displays used are LED, LCD, OLED, and AMOLED. The screens are employed in various equipment in the military, both lethal and non-lethal such as vehicles, launchers, artilleries, tanks, and other equipment. Screens are designed differently according to the platform they are being used in.
The market is driven by the need for technological advances in military display systems. The systems need to be able to withstand extreme conditions, and provide the best output possible. Increasing international conflicts are positively impacting the market. Increasing military expenditure by nations is also aiding market growth.
Restraint towards the growth of the market include the capital required for the development and maintenance of the technology. In many displays, especially in touch screens, any damage to the display can affect the overall working of the equipment. Hence, the repair and maintenance of these displays still poses a challenge.
The Russia-Ukraine War started in early 2022, and has been ravaging Eastern Europe for over a year now. Both nations have invested heavily in their militaries, and in the research for the development of cutting edge technologies to give them advantage over their enemy. The use of displays in the war has gone up, to ensure better surveillance and intelligence capabilities. Screens are used in vehicle, in panels, in lethal and non-lethal equipment, and many other aspects of war. The global military display market overall has been positively affected by the war.
The global military displays market can be divided into three broad segments- by technology, by application, and by platform. Based on the technology, the market is divided into LCD, LED, OLED, AMOLED, and others. Based on the application, the market is divided vehicle display, standard display, large display, panel mount display, rack mount display, and others. Based on the platform, the market is trifurcated into land, air, and sea. Based on the region, the market is divided into North America, Europe, Asia Pacific, and the Rest of the World.
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North America is a major contributor towards the growth of the market. The region also seen considerable military investment, particularly due to the U.S.’ expenditure on their military. Big players such as Lockheed Martin Corporation and Raytheon Technologies are also present in the region, increasing the region’s hold on the current market scenario.
Asia Pacific is projected to grow into a bigger market. Growing geo-political tensions and territorial conflicts are forcing nations such as India, China, South Korea, and other countries to increase their military expenditure. Accelerated research for indigenously developed products and imports are also benefiting the market. Such events also promote the emergence of new players in the region, which further promotes market growth.
By Technology | By Application | By Platform | By Region |
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