Aerospace & Defense PCB Market Report 2025

The aerospace & defense PCB market size has grown steadily in recent years. It will grow from $1.35 billion in 2024 to $1.38 billion in 2025 at a compound annual growth rate (CAGR) of 2.3%. The growth in the historic period can be attributed to increasing complexity of avionics systems, miniaturization of electronics, focus on lightweight materials, rising demand for commercial aircraft.

The aerospace & defense PCB market size is expected to see steady growth in the next few years. It will grow to $1.61 billion in 2029 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to rise of electric and hybrid aircraft, expansion of space exploration programs, increased use of unmanned systems, growing demand for satellite systems, demand for high-speed and high-frequency PCBs. Major trends in the forecast period include flexible and rigid-flex PCB adoption, high-density interconnects (HDI) integration, use of advanced materials, integration of embedded components, rapid prototyping and iterative design.

The escalating demand for both commercial and military Unmanned Aerial Vehicles (UAVs) is poised to be a significant catalyst driving the growth of the aerospace and defense Printed Circuit Board (PCB) market. Military UAVs, also termed as military drones, are unmanned aircraft employed by the military for various purposes, often operating via remote piloting or autonomous flight utilizing pre-programmed plans or artificial intelligence. Aerospace and defense PCBs play a pivotal role in the development and construction of military UAVs, ensuring the safe and reliable functioning of these sophisticated systems, especially in challenging environments and missions. Notably, as of December 2022, the global drone market was valued at $43 billion, where personal drones accounted for 94% of unit sales, as reported by Skykam Technical Inspections. Additionally, the Federal Aviation Administration recorded 855,860 registered drones in the United States in 2023. This surge in demand for both commercial and military UAVs substantiates the driving force behind the growth of the aerospace and defense PCB market.

The uptick in military expenditure stands poised to further propel the growth trajectory of the aerospace and defense PCB market. Military expenditure encompasses the financial resources allocated by nations to their defense and military activities within a specific period. The heightened demand for sophisticated electronic components, including Printed Circuit Boards (PCBs), within the aerospace and defense sectors correlates with the surge in military spending. PCBs play a pivotal role in driving cutting-edge defense technologies such as radar systems, communication equipment, and guidance systems. The Stockholm International Peace Research Institute (SIPRI) reported a real-term surge of 3.7% in global military spending in 2022, reaching a record $2.24 trillion, with China's military budget witnessing a consistent increase for the 26th consecutive year. Hence, the escalating military expenditure emerges as a key driver fueling the growth of the aerospace and defense PCB market.

Technological advancements represent a noteworthy trend gaining traction within the aerospace and defense PCB markets. Notable enterprises operating in this sphere are embracing novel technologies to bolster their market standing. For example, in June 2022, PCB Technologies Ltd., an Israel-based company specializing in printed circuits and electronic device assembly, introduced the iNPACK designed for aerospace and defense PCBs. This innovative technology is uniquely engineered to enhance signal integrity and minimize undesired inductance effects. Leveraging robust components for improved functionality and embedded coins for efficient heat dissipation, iNPACK stands as a testament to ongoing advancements within the aerospace and defense PCB market.

Prominent enterprises in the aerospace and defense Printed Circuit Board (PCB) market are concentrating on innovative products featuring board-in-board interconnections to drive revenue growth in their sector. Board-in-board interconnections represent a distinctive method of connecting printed circuit boards (PCBs) devoid of additional components or soldering. Notably, in March 2022, Ernest Orlando Lawrence Berkeley National Laboratory, a renowned US-based scientific research facility, introduced a cutting-edge board-in-board interconnection technology. This novel PCB technology boasts the capability to manage high voltages, leveraging well-established and cost-effective manufacturing techniques. It presents cost advantages over pin connector alternatives, eliminating the necessity for soldering, and offers customization into 3-D shapes. Particularly suitable for high-stress environments and situations involving device vibration, this groundbreaking technology finds potential applications in thin sensor probes and critical aviation electronics. Notably, board-in-board interconnections have revolutionized PCB technology, exhibiting superior resilience against higher voltages and mechanical pressures compared to existing miniature connector technologies.

In June 2022, TTM Technologies, a US-based manufacturer of printed circuit boards, acquired Telephonics Corporation for $330 million. This acquisition enables TTM to vertically integrate into more advanced engineered system solutions and horizontally expand into the surveillance and communications markets. Telephonics Corporation is a US-based provider of highly sophisticated intelligence, surveillance, and communications solutions.

Major companies operating in the aerospace & defense pcb market include Epec Engineered Technologies LLC, Amitron Corporation, Corintech Ltd., Delta Circuits Inc., Advanced Circuits, Advanced Circuits Inc., SCHMID Group, Technotronix, Surface Mount Technology Centre Corporation, Sanmina Corporation, IEC Electronics Corporation, Firan Technology Group Corporation, Amphenol Printed Circuits Inc., Unimicron Technology Corporation, Mer-Mar Electronics, Coat-X AG, IDEAS Engineering & Technology, Q-FLEX Industries, Rogers Corporation, Isola Group, Park Electrochemical Corp., Ventec International Group, Arlon Electronic Materials, Taconic Advanced Dielectric Division, Wurth Electronics Midcom Inc., Cirexx International, Multilayer Prototypes Inc., Sierra Circuits Inc., Sunstone Circuits, Bittele Electronics Inc.

North America was the largest region in the aerospace & defense PCB market in 2024. Asia-pacific is expected to be the fastest-growing region in the aerospace and defense PCB market report forecast period. The regions covered in the aerospace & defense pcb market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aerospace & defense pcb market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Aerospace and defense PCBs (Printed Circuit Boards) are specialized circuit boards designed specifically for use in aerospace and defense applications. These PCBs are engineered to meet the stringent requirements and standards of the aerospace and defense industries, finding applications in critical systems such as flight control, communication, and navigation.

The main types of aerospace and defense PCBs include single-sided, double-sided, and multilayer boards. A single-sided PCB has all its components and traces assembled on one side of the board. Various designs of PCBs, including rigid PCBs, flexible PCBs, rigid-flex PCBs, and high-density interconnect PCBs, cater to different aerospace applications. These applications span across various aircraft types, including narrow-body aircraft, wide-body aircraft, regional aircraft, general aviation, helicopters, military aircraft, Unmanned Aerial Vehicles (UAVs), and spacecraft. The diverse applications of aerospace and defense PCBs include radar installations, power supplies, power conversion, radio communication, lighting systems, engine control systems, and others.

The aerospace & defense PCB market research report is one of a series of new reports that provides aerospace & defense PCB market statistics, including aerospace & defense PCB industry global market size, regional shares, competitors with an aerospace & defense PCB market share, detailed aerospace & defense PCB market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace & defense PCB industry. This aerospace & defense PCB market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aerospace and defense PCB market consists of sales of auxiliary power units for radar control systems, control tower systems, LED lighting systems, jet instrumentation, and jamming systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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