The present disclosure is generally directed to a system for, and method of operating a latency measurement system including an event generation device (100) that generates an initial event (102) used to measure system latency. A component test system (200) receives the event (102) and in response outputs a test component output signal (202) and a zero-latency indicator (220). An electronics system including a multifunction display unit (310) receives the test component output signal (202) and displays a visible element on the multifunction display unit (310). A camera (400) generates a series of recorded images, where each recorded image contains an image of the zero-latency indicator (220') and an image of the visible element (310'). A processor (500) then determines the system latency by determining a time difference in the series of recorded images between a representation of an occurrence of the event in the image of the zero-latency indicator (220') and a representation of the occurrence of the event in the image of the visible element (310').