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NEW YORK, USA, OCTOBER 14, 2022 (GLOBE NEWSWIRE) — An overview of the semiconductor market for military and aerospace markets:
According to a comprehensive research report by Market Research Futures (MRFR), “Semiconductors in military and aerospace markets Information by Component, Technology, Package Type and End Use – Forecast to 2030″the market is projected to reach USD 10.2 billion by 2030 at a CAGR of 5.21%.
Market range:
The utility of semiconductors spans several areas, including those related to air travel and national security. Further influx of demand is expected due to growing interest in space exploration and research. These high performance components can withstand multi-gigawatt power levels as well as high voltages and frequencies. Power semiconductors, like other semiconductor devices, are used to modify and amplify electrical signals or to turn on and off the flow of electricity. They are most commonly used to transmit power over long distances and in industrial environments.
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| report attribute | detail |
| Market size in 2030 | US$10.2 billion |
| CAGR | 5.21% (2020-2030) |
| base year | 2020 |
| Forecast period | 2020-2030 |
| historical data | 2019 |
| Forecast unit | Value (USD Billion) |
| report coverage | Earnings forecast, competitive environment, growth factors, trends |
| Target segment | By Component, By Technology, By Package Type, By End Use |
| Target area | North America, Europe, Asia Pacific, Middle East and Africa, Latin America |
| key market drivers | Increase in aircraft and military consumption |
Competitive dynamics:
As a result of increased competitiveness, companies operating in the military semiconductor industry are implementing a wide range of growth strategies, including increased spending on marketing and promotions. Major market players are:
- ON Semiconductor
- Digitron Semiconductors
- Skyworks Solution
- Semtech, Renesas Electronics
- Teledyne Defense Electronics
- aerospace semiconductor
- ST Microelectronics
- KCB Solution
- global foundry
- texas instruments
- Analog Devices
- NXP Semiconductors
- Maxim
- AMS Technologies
- vishay intertechnology
Market USP:
market driver
Increasing aircraft modification and modernization is expected to be a major factor driving the growth of the military and aerospace semiconductor industry. Aircraft manufacturers have focused primarily on product updates and improvements to ensure pilot safety. It is becoming increasingly urgent to replace the obsolete CRTs used in airline screens. Significant reductions in emissions and significant fuel savings require lighter and more technologically advanced display panels. As a result, increasing demand for semiconductors used in aircraft electronic systems will lead to market growth.
The increasing predictable use by various governmental and space agencies also fills the need for more powerful and effective technologies to facilitate space exploration and military achievements. The growth of the semiconductor market in the defense and aerospace sectors is strongly influenced by factors such as the increasing number of active space studies and the development of system management and communication capabilities utilizing cutting edge technology.
In addition, the growing risk of psychological warfare and the demand for enhanced security have combined to spur large-scale investments to build advanced security frameworks and navigation devices across large urbanized regions. Over the next few years, therefore, the market is expected to offer substantial profit, productive freedom to semiconductor players in the military and aerospace markets.
View In-Depth Market Research Report for Semiconductors in Military and Aerospace (Page 168) @ https://www.marketresearchfuture.com/reports/semiconductor-in-military-aerospace-market-8797
market constraints
However, rising production costs, high-quality semiconductors required for military applications, and rising security concerns are all obstacles to the expansion of market players. Additionally, the complexity and lack of transparency of the supply chain makes it difficult to formulate policies. Avoiding unforeseen damage requires a deep understanding of the entire supply chain and the level of national competitiveness across each part of the chain.
COVID-19 Analysis:
Following the outbreak of the COVID-19 virus in December 2019, the World Health Organization declared it a global health emergency, with approximately 100 countries now reporting symptoms. In 2021, the military and aerospace sector semiconductor market will be heavily impacted by COVID-19. The global military and aerospace semiconductor market is becoming increasingly competitive as more companies continue to focus on specific consumer bases. Since the outbreak began, companies have adapted their pandemic recovery strategies to local market conditions.
Market segmentation:
by product
The memory segment holds the largest share of the market. This segment is driven by the increasing use of processes in various devices. Also, increasing use of technology in weapon systems will drive the growth of the segment during the forecast period.
By technology
The surface mount technology segment is expected to register a notable CAGR during the review period.
By packaging type
The plastics segment is expected to dominate the market segment during the review period by gaining dominant market share.
End use
The defense segment is projected to achieve high market value during the evaluation period.
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Regional analysis:
North America is one of the largest regional markets. The growth of the North American semiconductor industry is expected to benefit from the expansion of semiconductor manufacturing facilities during the forecast period. During the forecast period, the expansion of the North American semiconductor market in the military and aerospace industries will be boosted by increased investments in the military.
The global power semiconductor industry is expected to be led by the Asia-Pacific region, which already dominates the global semiconductor business and is supported by government regulations. While China, Japan, Taiwan, and South Korea account for over 65% of the global discrete semiconductor market, other countries in the region, such as Vietnam, Thailand, Malaysia, and Singapore, also contribute significantly to the region’s market dominance. Contributing.
China is rapidly expanding its capabilities in many areas and may seek to reorganize supply chains to its advantage, which could have serious national and international security consequences.India has many opportunities to benefit as an international R&D hub. As a result, the semiconductor industry stands to benefit from the government’s current ‘Make in India’ initiative. Additionally, the region is a major producer of electronics for both domestic and export markets. There is a direct correlation between the market share held by electronics manufacturers and the volume of electronic products and components produced.
Read more research reports on aerospace and defense, According to the future of market research:
Aircraft synthetic vision system market Report: Information By Display Systems (Primary Flight Displays, Navigation Displays, Head-Up Helmet Mounted Displays And Others), By Aircraft Type (Fixed Wing Rotary Wing), By Application And By Region – Forecast To 2030
Synthetic Aperture Radar (SAR) Market Research Reports: By Component (Receiver, Transmitter, Antenna), By Platform (Aircraft (Spacecraft, Aircraft, Unmanned Aerial Vehicles (UAV) and Ground)), By Frequency Band (X-Band, L-Band, C-Band, S-Band) , K, Ku, Ka bands, UHF/VHF bands, etc.) By application (defence, commercial, public safety, environmental monitoring, natural resource exploration, etc.), By mode (multimode and single mode), By region (North America, Europe, Asia ) – Pacific, Middle East and Africa, South America) – Forecast 2030
naval combat systems market Reports by Systems (Weapon Systems, C4ISR Systems, Electronic Warfare, Signaling Intelligence), Reports by Geography – Forecasts to 2030
On the future of market research:
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