Semiconductor Market in Military and Aerospace Industry to grow by USD 3.02 billion between 2024-2028
According to a research report “ Semiconductor Market in Military and Aerospace Industry” by Product (Memory, Logic, MOS microcomponents, Analog, Others) Application (Defense, Aerospace) Geography (North America, APAC, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 3.02 billion at a CAGR of 5.56% during the forecast period. In the military and aerospace sector, the semiconductor market is witnessing significant growth due to the modernization of aircraft. Advanced electronics and systems, including upgraded uninterrupted power supply (UPS) systems, are being incorporated to enhance safety and efficiency. Large-screen displays, such as 15.1-inch flat-panel displays, are replacing obsolete cathode ray tube (CRT) displays, driving demand for semiconductors in avionics. The shift towards lighter and more accurate electronics is a key trend propelling market expansion..
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By Product, the Memory segment is projected to dominate the market size in 2024.
In the military and aerospace sector, the defense market's expansion is projected, driven by the persistent demand for advanced military applications, including electronic warfare and radar. Compound semiconductors, including diodes, transistors, and switches, are indispensable due to their superior processing speed and radiation resistance in these applications. Notably, the US Department of Defense and the Defense Advanced Research Projects Agency are investing substantially in R&D of cutting-edge compound semiconductor materials, such as SiC, to boost the efficiency of existing radar systems.
By Application, Defense segment is expected to hold the largest market size for the year 2024.
In the military and aerospace industry, the reliance on advanced technology and sophisticated software for defense applications and space exploration has fueled the demand for semiconductor memory. Two primary types of memory, Random Access Memory (RAM) and Read-Only Memory (ROM), cater to distinct requirements. RAM, a volatile memory, temporarily stores program codes and actively used data, while ROM, a non-volatile memory, provides permanent storage for critical system information. The semiconductor memory market in this sector continues to expand, driven by the increasing complexity of defense systems and space missions.
North America is forecasted to hold the largest market size by region in 2024.
The US semiconductor industry holds a significant position in the global market, particularly in the military and aerospace sector. US companies' financial stability enables them to innovate and commercialize advanced technologies, such as 16 nm/14 nm Fin Field-Effect Transistors and FD-SOI. This technological prowess generates substantial demand for their semiconductor components from various industries, including defense and aerospace. Notably, in September 2023, The Taiwan Semiconductor Manufacturing Company secured approval to establish a new facility in North America, signifying continued investment in this sector.
The Semiconductor Market in Military and Aerospace Industry t growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
In the dynamic and evolving military and aerospace industry, the semiconductor market plays a pivotal role in driving technological advancements. Particle radiation and extreme space environments pose significant challenges to the reliability and performance of electronic devices, necessitating the use of space-hardened microprocessors and advanced semiconductor solutions. The F4 standard, a critical benchmark for military applications, demands high levels of ruggedness and resistance to radiation effects. The Rafale fleet, drones, and UAV solutions increasingly rely on sophisticated electronics for surveillance, communication, and navigation. Terrorism and border security concerns further accentuate the need for advanced semiconductor technologies to ensure the reliability and security of defense systems. The semiconductor sector, including P-type and N-type semiconductors, gallium arsenide compounds, and pure elements like germanium and silicon, is a key focus area for defense modernization and military expenditure. Integrated circuits (ICs) and microchips are essential components in various defense applications, from military communications to consumer automotive sectors and the government sector. The defense budget continues to prioritize the development and integration of these advanced semiconductor solutions to maintain a technological edge.
Market Research Overview
In the military and aerospace industry, the semiconductor market plays a crucial role in powering electronic devices and connected systems. With the increasing use of advanced technologies such as UAVs (drones), Boeing 767s, and Boeing 757s, the demand for radiation-tolerant components is on the rise. These components are essential for space activities, including satellite launches, where charged particles, signal spikes, and electronic noise can impact system performance. The acquisition cost and lead time for semiconductors in this sector are significant due to the need for space-hardened microprocessors and CAES (Computer Aided Engineering Systems) that meet the stringent requirements of defense modernization and military expenditure. The semiconductor sector caters to various industries, including the military and aerospace, communications, consumer automotive, and government sectors. Semiconductor materials like P-type semiconductors, N-type semiconductors, gallium arsenide, compounds, germanium, and silicon are used to create integrated circuits (ICs) and microchips. The semiconductor market's growth is driven by the increasing need for secure information security in the face of hacking incidents and global security concerns, such as terrorism and border security. The F4 standard and Rafale fleet are just a few examples of applications where semiconductors play a vital role.
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