PUBLISHER: Allied Market Research | PRODUCT CODE: 1266548
PUBLISHER: Allied Market Research | PRODUCT CODE: 1266548
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.