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    Board Mounted Transformer in Aerospace Defense Market

    ID: MRFR/E&P/10905-CR
    128 Pages
    Anshula Mandaokar
    October 2023

    Board Mounted Transformer in Aerospace & Defense Market Research Report: Information By Type (Toroidal Transformers, Flyback, Other) By Application (Aircraft, Missile, Others) By Voltage (Low Voltage, Medium Voltage, High Voltage) and By Region (Europe, Asia Pacific, Rest of the World) -Global Forecast to 2035

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    Board Mounted Transformer in Aerospace Defense Market Infographic
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    Board Mounted Transformer in Aerospace Defense Market Summary

    The Global Board Mounted Transformer in Aerospace and Defense Market is projected to grow from 1.98 USD Billion in 2024 to 3.35 USD Billion by 2035.

    Key Market Trends & Highlights

    Board Mounted Transformer in Aerospace & Defense Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 4.93 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 3.35 USD Billion, indicating robust growth opportunities.
    • In 2024, the market is valued at 1.98 USD Billion, reflecting the increasing demand for advanced electronic systems in aerospace and defense applications.
    • Growing adoption of innovative technologies due to the need for enhanced operational efficiency is a major market driver.

    Market Size & Forecast

    2024 Market Size 1.98 (USD Million)
    2035 Market Size 3.35 (USD Million)
    CAGR (2025-2035) 4.93%

    Major Players

    Schott Magnetics, STC, Incorporated, Creative Hi-Tech Ltd., Pacific Transformer, Miracle Electronics, Lenco Electronics, E Craftsmen Corporation, Galaxy Transformers, Standex Electronics, Inc, Custom Coils, Gowanda electronics, Bel Fuse Inc.

    Board Mounted Transformer in Aerospace Defense Market Trends

    Increasing demand for board mounted transformers in the aerospace and defense industry

    Growing commercial, as well as regional aircraft deliveries with an expected rise in air passenger as well as air cargo traffic, is driving the market. Moreover, the trend of electric aircraft is leading to a gradual shift from conventional mechanical as well as pneumatic systems to advance electrical systems boosting the demand for the board-mounted transformer in the aerospace and defense market. For instance, Thales group has replaced conventional pneumatic as well as hydraulic circuits with compact and light electrical circuits in the advanced aircraft platform of Boeing B787, thereby creating space for electronic components such as board mounted transformers.

    Furthermore, there is a shifting trend towards electric craft, which has lesser emissions as well as offers significant fuel savings. This leads to an increase in penetration of different electronics components on board in a plane, thus boosting the demand for board mounted transformers in the aerospace and defense market.

    Technological advancements in the design and manufacturing of board mounted transformers

    Conventional printed circuit board (PCB) production relies on energy intensive as well as high-emission processes that involve epoxy, copper, resin, water, and glass fiber. With the adoption rate of defense and aerospace PCBs for various applications amid high demand for process automation, the future defense and aerospace operational needs require highly reliable, complex, and high performance along with advanced multi-layered PCB solutions for applications such as control systems as well as other defense applications.

    Armed forces across the world are working with domestic and global defense and aerospace manufacturers for designing, developing, manufacturing, and facilitating PCBs certified under the stringent certification set by armed forces. This standard focus to yield high performance, failure risk reduction as well as high reliability.

    Increasing demand for commercial and military UAVs

    Rising demand for small UAVs for military and commercial applications such as situations, aerial photography, law & enforcement, situation awareness, disaster management, research & development, and relief & rescue is expected to boost the market. Unmanned aerial vehicles are used for quasi-static positioning of the next generation in 3-dimension space having excellent precision. In windy conditions, UAVs allow accurate flight operations along with control in messy conditions making them able to fly maneuverable as well as at low speeds.

    There is a rising trend in deploying UAVs (drones) for commercial as well as military applications that are based on remote sensing tasks.

    The increasing demand for lightweight and compact electronic systems in aerospace and defense applications is driving innovation in board mounted transformers, which are essential for efficient power management and signal integrity.

    U.S. Department of Defense

    Board Mounted Transformer in Aerospace Defense Market Drivers

    Market Growth Projections

    The Global Board Mounted Transformer in Aerospace & Defense Market Industry is projected to experience substantial growth over the next decade. The market is expected to reach 1.98 USD Billion in 2024 and is anticipated to grow to 3.35 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 4.93% from 2025 to 2035. Such projections indicate a strong demand for board mounted transformers, driven by technological advancements, increased defense spending, and a growing emphasis on lightweight and efficient components.

    Rising Focus on Renewable Energy Sources

    The Global Board Mounted Transformer in Aerospace & Defense Market Industry is also impacted by the rising focus on renewable energy sources. As the aerospace sector seeks to incorporate sustainable practices, the demand for transformers that can efficiently manage power from renewable sources is increasing. This shift is particularly relevant in the context of military applications, where energy independence and sustainability are becoming priorities. The integration of board mounted transformers into renewable energy systems not only enhances efficiency but also aligns with global sustainability goals, further driving market growth.

    Growing Investment in Defense Infrastructure

    The Global Board Mounted Transformer in Aerospace & Defense Market Industry is significantly influenced by the increasing investment in defense infrastructure across various nations. Governments are prioritizing modernization and upgrading of military equipment, which includes the integration of advanced electrical systems. This trend is particularly evident in countries with robust defense budgets, where the demand for reliable and efficient transformers is on the rise. As nations enhance their defense capabilities, the market is poised for growth, with a projected CAGR of 4.93% from 2025 to 2035, indicating a sustained commitment to improving defense technologies.

    Increasing Demand for Lightweight Components

    The Global Board Mounted Transformer in Aerospace & Defense Market Industry experiences a notable surge in demand for lightweight components. This trend is primarily driven by the aerospace sector's ongoing efforts to enhance fuel efficiency and reduce emissions. Lightweight transformers contribute to overall weight reduction in aircraft, which is crucial for meeting stringent regulatory standards. As a result, manufacturers are increasingly integrating these transformers into their designs. The market is projected to reach 1.98 USD Billion in 2024, reflecting a growing recognition of the importance of lightweight materials in aerospace applications.

    Technological Advancements in Transformer Design

    Technological advancements play a pivotal role in shaping the Global Board Mounted Transformer in Aerospace & Defense Market Industry. Innovations in materials and design methodologies have led to the development of more efficient transformers that can operate under extreme conditions. These advancements not only improve performance but also enhance reliability, which is critical in defense applications. For instance, the introduction of advanced insulation materials has significantly increased the operational lifespan of transformers. As the industry continues to evolve, these innovations are expected to drive market growth, contributing to an anticipated market value of 3.35 USD Billion by 2035.

    Expansion of Aerospace Manufacturing Capabilities

    The Global Board Mounted Transformer in Aerospace & Defense Market Industry benefits from the expansion of aerospace manufacturing capabilities worldwide. As countries invest in developing their aerospace sectors, the demand for advanced electrical components, including board mounted transformers, is expected to rise. This expansion is often accompanied by collaborations between governments and private sectors, fostering innovation and enhancing production capabilities. The increasing number of aerospace projects globally indicates a robust market environment, with manufacturers poised to meet the growing needs of the industry.

    Market Segment Insights

    Board Mounted Transformer in Aerospace & Defense by Type Insights

    The Board Mounted Transformer in Aerospace & Defense Market segmentation, based on Type has been segmented as Toroidal Transformers, Flyback, Other. Among these, the Toroidal Transformers segment is projected to dominate the Board Mounted Transformer in Aerospace & Defense Market revenue through the projected period. Toroidal transformers are a type of transformers commonly used in board-mounted applications within the Aerospace & Defense market. These transformers are characterized by their toroidal (doughnut-shaped) core, which consists of a continuous loop of magnetic material. This design offers several advantages, including compact size, low electromagnetic interference, and high efficiency.

    Board Mounted Transformer in Aerospace & Defense by Application Insights

    Based on Application, the Board Mounted Transformer in Aerospace & Defense Market is segmented as Aircraft, Missile and Others. Out of which the Aircraft segment dominated base year market and is also projected to dominate the Board Mounted Transformer in Aerospace & Defense Market revenue through the projected period. The aircraft application in the global board-mounted transformer in the aerospace and defense market refers to the utilization of board-mounted transformers in various aircraft systems. These transformers play a crucial role in converting electrical energy to the required voltage levels, enabling the efficient operation of critical aircraft components and systems.

    There are several drivers contributing to the increased demand for board-mounted transformers in the aerospace and defense sector. The growing adoption of advanced avionics and electronic systems in modern aircraft necessitates the use of compact and reliable transformers.

    Board Mounted Transformer in Aerospace & Defense by Voltage Insights

    The Board Mounted Transformer in Aerospace & Defense Market segmentation, based on Voltage has been segmented as Low Voltage, Medium Voltage, High Voltage. Among these, the High Voltage segment is projected to dominate the Board Mounted Transformer in Aerospace & Defense Market revenue through the projected period. In the global board-mounted transformer market in aerospace and defense market, high voltage refers to transformers designed to handle extremely high voltage levels, typically above 3,000 volts. These transformers are critical for applications that require substantial power transmission and distribution within aircraft, missiles, satellites, and other defense systems.

    Get more detailed insights about Board Mounted Transformer in Aerospace & Defense Market Research Report—Global Forecast till 2032

    Regional Insights

    Based on Region, the Board Mounted Transformer in Aerospace & Defense market is segmented into North America, Europe, Asia Pacific and RoW. The Asia-Pacific Board Mounted Transformer in Aerospace & Defense market held the maximum market share and is also expected to account for a significant revenue share during the forecast period. The Asia-Pacific board-mounted transformer in aerospace and defense market is experiencing rapid expansion in the aerospace and defense sector, driven by various notable activities. One specific product gaining traction in this region is the planar transformer.

    Planar transformers offer compact size, high power density, and improved thermal dissipation, making them ideal for aerospace and defense applications with space constraints. Companies in Asia-Pacific are actively engaged in research and development to enhance the efficiency and performance of planar transformers.

    Key Players and Competitive Insights

    Key market players are emphasizing significantly on R&D for increasing their product offerings, which will further help the Board Mounted Transformer in Aerospace & Defense Market to grow considerably. Market players are adopting several business development strategies such as acquisitions, mergers, collaborations, and partnerships to enhance their market presence and acquire a larger customer base. To survive in the competitive market, industry players must provide cost effective products.

    The Board Mounted Transformer in Aerospace & Defense market is very competitive with market players trying to develop unique and innovative products and solutions, which could render the competitors’ offerings obsolete. The competitive environment is likely to grow further owing to rising technological advancements. Some of the key players operating in the Board Mounted Transformer in Aerospace & Defense Market are Schott Magnetics, STC, Incorporated, Creative Hi-Tech Ltd., Pacific Transformer, Miracle Electronics, Lenco Electronics, E Craftsmen Corporation, Galaxy Transformers, Standex Electronics, Inc, Custom Coils, Gowanda electronics, Bel Fuse Inc.

    To increase their global reach and client base, key firms are concentrating on acquisitions and product innovation.

    Schott Magnetics:SCHOTT produces and designs top-notch transformers, inductors, and magnetic components tailored to meet the unique requirements of its customers. Its expertise lies in manufacturing these products for diverse industries both in the United States and internationally. The company serves markets such as industrial and commercial sectors, telecommunications, energy, aerospace, medical, and defense. SCHOTT goes beyond being a mere supplier by actively collaborating with its customers in the product development process, effectively becoming an extension of their manufacturing operations.

    STC, Incorporated:STC manufactures electronic components for a variety of industries, including aerospace, defense, medical, and industrial. The company has a long history of innovation and customer service and is committed to providing high-quality products and solutions to its customers. Furthermore, STC, Incorporated's board mounted transformers are designed to meet the demanding requirements of aerospace and defense applications. They are manufactured using high-quality materials and processes and are subjected to rigorous testing to ensure compliance with all relevant standards.

    STC, Incorporated's board mounted transformers are used by a wide range of customers, including major aerospace and defense contractors, as well as original equipment manufacturers (OEMs).

    Key Companies in the Board Mounted Transformer in Aerospace Defense Market market include

    Industry Developments

    June 2023:SCHOTT Magnetics introduces nanocrystalline cores as a new option for current transformers. These cores provide numerous benefits compared to conventional cores made from amorphous alloys or laminated silicon steel. With their remarkable attributes such as high permeability, exceptional temperature stability, minimal losses, and compact dimensions, nanocrystalline cores enable the creation of precise, efficient, and space-saving current transformers.

    August 2020:Magnetics is broadening its range of nanocrystalline products to cater to diverse applications. These expansions include AC Current Transformers, Zero Phase Current Transformers, DC Immunity Current Transformers, and Hall Effect Sensors featuring cut current transformer cores. The enhanced product line ensures greater versatility and efficiency in meeting the specific requirements of these applications.

    Future Outlook

    Board Mounted Transformer in Aerospace Defense Market Future Outlook

    The Board Mounted Transformer in Aerospace & Defense Market is projected to grow at a 4.93% CAGR from 2024 to 2035, driven by technological advancements and increasing defense budgets.

    New opportunities lie in:

    • Invest in R&D for lightweight materials to enhance transformer efficiency.
    • Develop smart transformers with integrated IoT capabilities for real-time monitoring.
    • Expand into emerging markets with tailored solutions for local defense needs.

    By 2035, the market is expected to exhibit robust growth, reflecting evolving aerospace and defense requirements.

    Market Segmentation

    Board Mounted Transformer in Aerospace & Defense Type Outlook

    • Toroidal Transformers
    • Flyback
    • Others

    Board Mounted Transformer in Aerospace & Defense Voltage Outlook

    • Low Voltage
    • Medium Voltage
    • High Voltage

    Board Mounted Transformer in Aerospace & Defense Regional Outlook

    • US
    • Canada
    • Mexico
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
    • Middle East & Africa
    • Latin America

    Board Mounted Transformer in Aerospace & Defense Application Outlook

    • Aircraft
    • Missiles
    • Others

    Report Scope

    Report Attribute/Metric Details
    Market Size 2022 USD 1,824.4 million
    Market Size 2023 USD 1,903.2 million
    Market Size 2030 USD 2,648.4 million
    Compound Annual Growth Rate (CAGR) 4.83% (2023-2030)
    Base Year 2022
    Forecast Period 2023-2030
    Historical Data 2018 & 2021
    Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, Application, Voltage and Region
    Geographies Covered North America, Europe, Asia Pacific, Rest of the World
    Countries Covered US, Canada, Mexico, Germany, UK, France, Spain, Italy, China, India, Japan, South Korea, MEA, Latin America
    Key Companies Profiled Schott Magnetics (US), STC, Incorporated (US), Creative Hi-Tech Ltd. (US), Pacific Transformer (US), Miracle Electronics (India), Lenco Electronics (US, E Craftsmen Corporation (Canada), Galaxy Transformers (US), Standex Electronics, Inc (US), Custom Coils (US), Gowanda electronics (US), Bel Fuse Inc. (US)
    Key Market Opportunities ·       Increasing demand for commercial and military UAVs
    Key Market Dynamics ·       Increasing demand for board mounted transformers in the aerospace and defense industry ·       Technological advancements in the design and manufacturing of board mounted transformers

    Market Highlights

    Author
    Anshula Mandaokar
    Team Lead - Research

    Anshula Mandaokar holds an academic degree in Chemical Engineering and has been contributing to the field for more than 5 years. She has expertise in Market Research and Business Consulting and serves as a Team Lead for a reputed Market Research firm under the Chemicals and Materials domain spectrum. She has worked on multiple projects, generating explicit results in a quick turnaround time. Her understanding of data interpretation justifies her role as a leader.

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    FAQs

    How much is the Board Mounted Transformer in Aerospace & Defense Market?

    US$ 1,824.4 Mn

    What is the growth rate of the Board Mounted Transformer in Aerospace & Defense Market?

    4.83%

    Which region held the largest market share in the Board Mounted Transformer in Aerospace & Defense Market?

    Asia Pacific

    Who are the key players in the Board Mounted Transformer in Aerospace & Defense Market?

    Schott Magnetics (US), STC, Incorporated (US), Creative Hi-Tech Ltd. (US), Pacific Transformer (US), Miracle Electronics (India), Lenco Electronics (US, E Craftsmen Corporation (Canada), Galaxy Transformers (US), Standex Electronics, Inc (US), Custom Coils (US), Gowanda electronics (US), Bel Fuse Inc. (US)

    Which Type had the largest market share in the Board Mounted Transformer in Aerospace & Defense Market?

    Toroidal Transformers

    Which Application had the largest market share in the Board Mounted Transformer in Aerospace & Defense Market?

    Aircraft

    Which Voltage had the largest market share in the Board Mounted Transformer in Aerospace & Defense Market?

    High Voltage

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