A semiconductor is an element designed to manage and control the flow of current in electronic devices and equipment. It is made up of silicon, germanium, or gallium arsenide. In addition, semiconductors are generally categorized into N-type semiconductors, and P-type semiconductors. Moreover, semiconductors enable advances in communications, healthcare, military systems, clean energy and others. Furthermore, in military & defense sector, applications of semiconductor include avionics systems, fire control systems, communication systems, missile systems, and others.
Several semiconductor manufacturers are launching new semiconductor products for use in military, which supplements growth of semiconductor in military and aerospace market. For instance, in 2020, Microchip Technology Inc. introduced its new VSC8540/41ET Gigabit Ethernet PHY RMII / RGMII Transceiver - a Commercial Off-The-Shelf (COTS)-based device upgraded for avionics and military applications.
The overall space economy deals with generating revenue through commercial space activities and government investments in space. The government investments shaped the space industry in the 20th century, whereas commercial activities are now setting the pace. The private spaceflight industry has evolved at a fast pace with new entrants and private funding creating opportunities for innovations in products, services, and processes. Increase in investments by governments across the globe for improvement of infrastructure and rise in need to deliver high quality telecommunication services to consumers provide growth opportunities for this market. High demand for satellite imagery in the government sector including federal agencies, local, and state governments for various purposes such as urban planning, border mapping, infrastructure security, homeland security are contributing significantly to the growth of the market.
One of the major factors positively affecting the growth of the market is the large number of satellites that have been launched by various agencies such as NASA, European Space Imaging, and Japan Aerospace Exploration Agency. The European public funding landscape includes programs such as Horizon Europe, InvestEU, and European Fund for Strategic Investments (EFSI), for product development, research and innovation. The European Space Agency (ESA) Business Incubator and Acceleration Centers and the Copernicus Start-Up Program encourage early-stage investments.
The semiconductor in military and aerospace market is segmented on the basis of component, technology, end use, application, and region. By component, it is fragmented into up to sensors, memory, opto electronics, logic, micro, analog, and others. By technology, it is categorized into surface mount technology, and through-hole technology. By end use, it is fragmented into military, and aerospace. By application, it is classified into communication, navigation, global positioning system & surveillance; imaging, radar & earth observation; munitions, and others. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some leading companies profiled in the semiconductor in military and aerospace market report include Advanced Micro Devices Inc. (Xilinx Inc.), Analog Devices, Inc., Infineon Technologies AG, Microchip Technology Inc., Northrop Grumman Corporation, NXP Semiconductors NV, ON Semiconductor Corporation, Raytheon Technologies Corporation, Teledyne Technologies Inc., and Texas Instruments Incorporated.
Several semiconductor manufacturers are launching new semiconductor products for use in military, which supplements growth of semiconductor in military and aerospace market. For instance, in 2020, Microchip Technology Inc. introduced its new VSC8540/41ET Gigabit Ethernet PHY RMII / RGMII Transceiver - a Commercial Off-The-Shelf (COTS)-based device upgraded for avionics and military applications.
The overall space economy deals with generating revenue through commercial space activities and government investments in space. The government investments shaped the space industry in the 20th century, whereas commercial activities are now setting the pace. The private spaceflight industry has evolved at a fast pace with new entrants and private funding creating opportunities for innovations in products, services, and processes. Increase in investments by governments across the globe for improvement of infrastructure and rise in need to deliver high quality telecommunication services to consumers provide growth opportunities for this market. High demand for satellite imagery in the government sector including federal agencies, local, and state governments for various purposes such as urban planning, border mapping, infrastructure security, homeland security are contributing significantly to the growth of the market.
One of the major factors positively affecting the growth of the market is the large number of satellites that have been launched by various agencies such as NASA, European Space Imaging, and Japan Aerospace Exploration Agency. The European public funding landscape includes programs such as Horizon Europe, InvestEU, and European Fund for Strategic Investments (EFSI), for product development, research and innovation. The European Space Agency (ESA) Business Incubator and Acceleration Centers and the Copernicus Start-Up Program encourage early-stage investments.
The semiconductor in military and aerospace market is segmented on the basis of component, technology, end use, application, and region. By component, it is fragmented into up to sensors, memory, opto electronics, logic, micro, analog, and others. By technology, it is categorized into surface mount technology, and through-hole technology. By end use, it is fragmented into military, and aerospace. By application, it is classified into communication, navigation, global positioning system & surveillance; imaging, radar & earth observation; munitions, and others. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some leading companies profiled in the semiconductor in military and aerospace market report include Advanced Micro Devices Inc. (Xilinx Inc.), Analog Devices, Inc., Infineon Technologies AG, Microchip Technology Inc., Northrop Grumman Corporation, NXP Semiconductors NV, ON Semiconductor Corporation, Raytheon Technologies Corporation, Teledyne Technologies Inc., and Texas Instruments Incorporated.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the semiconductor in military and aerospace market analysis from 2021 to 2031 to identify the prevailing semiconductor in military and aerospace market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the semiconductor in military and aerospace market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global semiconductor in military and aerospace market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
- Sensors
- Memory
- Opto Electronics
- Logic
- Micro
- Analog
- Others
By Technology
- Surface Mount Technology
- Through-Hole Technology
By End Use
- Military
- Aerospace
By Application
- Communication, Navigation, Global Positioning System (GPS) and Surveillance
- Imaging, Radar and Earth Observation
- Munitions
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Analog Devices, Inc.
- Infineon Technologies AG
- Microchip Technology Inc.
- Northrop Grumman Corporation
- NXP Semiconductors NV
- ON Semiconductor Corporation
- Raytheon Technologies Corporation
- Teledyne Technologies Inc.
- Texas Instruments Incorporated
- Advanced Micro Devices Inc.(Xilinx Inc.)
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SEMICONDUCTOR IN MILITARY AND AEROSPACE MARKET, BY COMPONENT
CHAPTER 5: SEMICONDUCTOR IN MILITARY AND AEROSPACE MARKET, BY TECHNOLOGY
CHAPTER 6: SEMICONDUCTOR IN MILITARY AND AEROSPACE MARKET, BY END USE
CHAPTER 7: SEMICONDUCTOR IN MILITARY AND AEROSPACE MARKET, BY APPLICATION
CHAPTER 8: SEMICONDUCTOR IN MILITARY AND AEROSPACE MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
The Semiconductor in Military and Aerospace Market is expected to experience a significant growth rate of 7.6% from 2022 to 2031 owing to rise in military expenditure and rise in aircraft upgradation & modernization programs.A semiconductor refers to a material with properties of a conductor and insulator both. These are sometimes referred to as microchips or integrated circuits (ICs). Generally, semiconductors are made from pure elements such as silicon or germanium, or compounds such as gallium arsenide. In addition, semiconductors are of two types such as N-type and P-type. Moreover, semiconductors are widely utilized in several sectors such as government, industrial, consumer automotive, communications and electronic devices. Furthermore, in military and aerospace sector, semiconductors are used in manufacturing of numerous devices & systems such as communication & navigation systems, safety equipment, engine & flight control systems, missile systems, avionics systems and others.
The growth of the global semiconductor in military and aerospace market is driven by rise in military expenditure, rise in aircraft upgradation and modernization programs, and use of radiation tolerant semiconductor components. However, scarcity of semiconductors is the factor hampering the growth of the market. Furthermore, growth in investments by several governments in space technology, and defense modernization are the factors expected to offer growth opportunities during the forecast period.
The semiconductor in military and aerospace market is segmented on the basis of component, technology, end use, application, and region. By component, it is fragmented into up to sensors, memory, opto electronics, logic, micro, analog, and others. By technology, it is categorized into surface mount technology, and through-hole technology. By end use, it is fragmented into military, and aerospace. By application, it is classified into communication, navigation, global positioning system & surveillance; imaging, radar & earth observation; munitions, and others. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Changing geopolitical situations and evaluation in digital technologies and defense budget outlook are expected to spur the adoption of new high-end technologies at security front. Increase in use of robotics, biotechnology, portable unmanned based solutions, and nanotechnology in cloud computing, communication, surveillance, detection, decontamination, and other activities is expected to transform the military outlook across the globe. Furthermore, unmanned vehicles are used in aerial, ground, and underwater for transportation, communication, and other applications. The modernization of defense solution and change in geopolitical situations are creating demand for development of the operational effective unmanned aerial vehicle (UAV). Growth in focus toward product development with effective compatibility with modern military solutions, market participants are need to focus on R&D activities to cater the changing requirements of the military sector. Thus, defense modernization is expected to provide growth opportunities for the semiconductor in military and aerospace market.
Some leading companies profiled in the semiconductor in military and aerospace market report include Advanced Micro Devices Inc. (Xilinx Inc.), Analog Devices, Inc., Infineon Technologies AG, Microchip Technology Inc., Northrop Grumman Corporation, NXP Semiconductors NV, ON Semiconductor Corporation, Raytheon Technologies Corporation, Teledyne Technologies Inc., and Texas Instruments Incorporated. The key players operating in the semiconductor in military and aerospace market are adopting various strategies such as product launch, and contract to remain competitive and gain advantage over the competitors in the market. For instance, in February 2021, BAE Systems received a $247 million contract from the U.S. Space Force’s Space and Missile Systems Center to design and manufacture an advanced military GPS receiver and next-generation semiconductor. The technology will provide positioning, navigation, and timing (PNT) capabilities to warfighters. In addition, the military GPS User Equipment Increment 2 Miniature Serial Interface program will provide improved capabilities for size-constrained and power-constrained military GPS applications, including precision-guided munitions and battery-powered handheld devices. In addition, in April 2022, Infineon Technologies AG unveiled the space industry’s first radiation-hardened (rad hard), serial interface Ferroelectric RAM (F-RAM) for extreme environments. The new F-RAM deliver increased reliability and data retention and are more energy efficient than non-volatile EEPROM and serial NOR Flash devices for space applications. The rad hard F-RAM is ideal for telemetry storage, data logging of mission critical data, and command & control calibration data storage. It is also suitable for avionic and other applications that require military standard temperature grades reaching from -55 degree Celsius to 125 degrees Celsius.
Key Market Insights
- By component, the memory segment was the highest revenue contributor to the market and is estimated to dominate the market during the forecast period.
- By technology, the through-hole technology segment was the highest revenue contributor to the market in 2021 and is estimated to capture the highest revenue during the forecast period.
- By end use, the military segment dominated the global market in 2021, and is estimated to capture the highest market share during the forecast period.
- By application, the communication, navigation, global positioning system & surveillance segment was the highest revenue contributor to the market in 2021 and is estimated to capture the highest revenue during the forecast period.
- By region, North America was the highest revenue contributor, accounting for largest market share in 2021, and is estimated to grow with the significant CAGR during the forecast period.
Companies Mentioned
- Analog Devices, Inc.
- Infineon Technologies AG
- Microchip Technology Inc.
- Northrop Grumman Corporation
- NXP Semiconductors NV
- ON Semiconductor Corporation
- Raytheon Technologies Corporation
- Teledyne Technologies Inc.
- Texas Instruments Incorporated
- Advanced Micro Devices Inc.(Xilinx Inc.)
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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