Semiconductor in Military and Aerospace Market Research Report - Global Forecast till 2030

Global Semiconductor in Military and Aerospace Market Research Report: Information By Component (Sensors & Actuators, Optical, Memory, Microcontroller, Analog ICs, Logic & Discrete Power Devices, and others), Technology (Surface Mount Technology (SMT) and Through-Hole Technology (THT)), Packaging Type (Plastics and Ceramic), End-Use (Aerospace [Power Payload, Power Management, RF Systems, Avionics, Aircraft, and others] and Defense [Communication & Navigation Systems, Integrated Vehicle Systems, High Precision Systems, Military Vehicles, and others), Application (Ruggedized Communications, Imaging and Radar, Smart Munitions, Space and others) - Forecast till 2030

ID: MRFR/A&D/7325-HCR | February 2021 | Region: Global | 168 pages

Market Scenario


Global Semiconductor in Military and Aerospace Market is projected to reach USD 10,020 Million by 2030 at a CAGR of 5.21%. The global semiconductor in the military and aerospace market is highly fragmented with the presence of a large number of players catering to the increasing demand. Various military agencies are investing in advanced semiconductor technology to offer enhanced safety to the soldiers. For example, in 2018, BAE Systems signed a contract with the Air Force Research Laboratory (AFRL) to develop a 140-nm GaN monolithic microwave integrated circuit (MMIC).


Market Synopsis


The Global Semiconductor in Military and Aerospace Market is expected to register significant growth during the forecast period owing to increase the military expenditure of developing countries such as China and India. Furthermore, aircraft up-gradation and modernization programs are also expected to drive the growth of the market. However, issues high cost of development and stringent government regulations might hamper the growth of the market.


Market USP


The growing use of gallium nitride (GaN) semiconductors is expected to drive the global semiconductor in the military and aerospace market.


Market Drivers



  • Increasing military expenditure: Increasing military expenditure of countries such as China and India owing to rising terrorism and cross-border conflicts are encouraging the military personnel to invest in advanced electronic systems that require semiconductor technology.



  • Growing aircraft up-gradation and modernization programs



  • Rising demand for lighter and advanced display screens


Market Restraints



  • The high cost of development

  • Stringent government regulations


Segmentation


By Component



  • Microcontroller: The segment dominated the global semiconductor in the military and aerospace market in 2018. Microcontrollers offer advantages such as flexibility, reduced ownership cost, and reusability. Therefore, the segment dominated the market in 2018.



  • Logic & Discrete Power Devices: The segment is expected to grow at the highest CAGR during the review period from 2019 to 2030 owing to benefits offered such as reduced noise, design simplicity, and fast transient response. Hence, the segment is expected to grow at the highest CAGR during the review period.


By Technology



  • Surface Mount Technology (SMT): Refers to a method whereby the components are placed or mounted directly onto the surface of a printed circuit board (PCB). The segment dominated the market in 2018 and is expected to witness a higher CAGR during the forecast period as it offers numerous benefits such as high signal transmission speed, low material cost, and reduced production cost.



  • Through-Hole Technology (THT): THT refers to the process of placing component leads into drilled holes on a bare PCB.


By End-Use



  • Aerospace: The segment is expected to grow at a higher CAGR during the forecast period from 2019 to 2030. Increasing space programs and rising investment in space technology is expected to drive the segment growth



  • Defense: The segment dominated the market in 2018. Rising military expenditure and increasing global terrorism is encouraging military personnel to invest in advanced military equipment.


By Region



  • North America: North America dominated the global semiconductor in the military and aerospace market in 2018 due to the presence of prominent technology companies such as General Dynamics Corporation and Northrop Grumman Corporation.



  • Europe: Rising collaborations between companies such as BAE Systems and military agencies of countries such as the US are driving the market growth in the region.



  • Asia-Pacific: The market in this region is projected to register the highest CAGR during the forecast period. Rising military expenditure in China and India is expected to drive market growth in the region.



  • Middle East & Africa: Increasing aircraft modernization programs are driving the market growth in the region.



  • Latin America: Increasing investment by the government in procuring advanced military equipment to curb illegal activities such as drug trafficking is expected to drive the market growth in the region.


Key Players



  • BAE Systems (UK)

  • Airbus SAS (France)

  • General Dynamics Corporation (US)

  • Lockheed Martin Corporation (US)

  • Northrop Grumman Corporation (US)

  • Raytheon Company (US)

  • Infineon Technologies AG (Germany)

  • Intel Corporation (US)

  • Texas Instruments Incorporated (US)

  • Microchip Technology Inc. (US)


Other Prominent Players



  • Digitron Semiconductors (US)

  • Skyworks Solutions, Inc. (US)

  • Semtech Corporation (US)

  • Mouser Electronics, Inc. (US)

  • NEC Corporation (Japan)

  • Teledyne Technologies Inc. (US)

  • ON Semiconductor (US)

  • Aerospace Semiconductor, Inc. (US)

  • Linear Systems (US)

  • Honeywell International Inc. (US)

  • STMicroelectronics (Switzerland)

  • KCB Solutions (US)

  • XTREME Semiconductor (US)

  • GLOBALFOUNDRIES (US)



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 10,020 Million (2030)
  CAGR   5.21% (2020-2030)
  Base Year   2019
  Forecast Period   2030
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Component, Technology, Packaging Type, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   BAE Systems (UK), Airbus SAS (France), General Dynamics Corporation (US), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), Infineon Technologies AG (Germany), Intel Corporation (US), Texas Instruments Incorporated (US), Microchip Technology Inc. (US)
  Key Market Opportunities   The growing use of gallium nitride (GaN) semiconductors
  Key Market Drivers

  • Increasing military expenditure.
  • Growing aircraft up-gradation and modernization programs.
  • Rising demand for lighter and advanced display screens


  • Frequently Asked Questions (FAQ) :


    The market’s valuation will be USD 10,020 Million by the year 2030.

    At CAGR of 5.21%, the market will be expanding at a considerable rate.

    The market’s USP has been the rising use of gallium nitride (GaN) semiconductors which would drive the global semiconductor in the military and aerospace market.

    Component, Technology, and End-Use are the main segments of the market.

    North America, Europe, Asia-Pacific, Middle East & Africa and Latin America are the prime regions known for sharing the maximum growth of the market.