The global military displays market size reached USD 1.23 billion in 2020 and is expected to register a revenue CAGR of 5.6% during the forecast period, according to latest analysis by Emergen Research. Increasing need for advanced systems in military displays for improving military activities and increase in defence spending are major factors driving market revenue growth.
Another factor boosting revenue growth of the market is increase in demand for LCD technology-based military displays. LCD technology military displays are designed and designed to function in a wide range of environmental conditions, vibrations and withstand external elements such as water, snow, dirt and others. Rapid advancements in technology is resulting in deployment of user interface that is intuitive and easy to navigate in tough situations. These are some major factors driving growth of the global military displays market revenue.
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The report also sheds light on the competitive landscape of the Military Displays Market on the global and regional scale, along with a thorough forecast estimation to 2020. The new report is updated with the impact of the COVID-19 pandemic on the Military Displays Market. It analyzes the impact of the pandemic with regards to economic landscape and government regulations in each region. It also studies the supply chain disruptions and economic volatility induced by the pandemic and offers a current and future assessment of the impact of the pandemic on the global and regional Military Displays Market.
Key players in the market include Bae Systems Inc., Aselsan A.S, Thales Group Ltd., Elbit Systems Ltd., Lockheed Martin Corporation, Curtiss-Wright Corporation, Advanced Embedded Solutions Ltd., General Digital Corporation, Crystal Group Inc., and Raytheon Technologies Corporation.
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Emergen Research has segmented global military displays on the basis of product type, type, technology, computer displays, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2018–2028)
Type Outlook (Revenue, USD Billion; 2018–2028)
Technology Outlook (Revenue, USD Billion; 2018–2028)
Computer Displays Outlook (Revenue, USD Billion; 2018–2028)
Small Medium-Sized Panels
End-Use Outlook (Revenue, USD Billion; 2018–2028)
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The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
Rest of EU
Rest of APAC
Rest of Latin America
Middle East Africa
Rest of MEA
Key Questions Addressed in the Report:
Who are the leading players in the Military Displays industry?
Which region is expected to dominate the market in the coming years?
What are the key applications of Military Displays?
Which segment is expected to garner traction during the coming years?
What are the key strategies adopted by leading players in the market?
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