PUBLISHER: TechNavio | PRODUCT CODE: 1400414
PUBLISHER: TechNavio | PRODUCT CODE: 1400414
The semiconductor market in military and aerospace industry is forecasted to grow by USD 3.02 bn during 2023-2028, accelerating at a CAGR of 5.56% during the forecast period. The report on the semiconductor market in the military and aerospace industry provides a holistic analysis, market size, and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 5.36% |
CAGR | 5.56% |
Incremental Value | $3.02bn |
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased upgrading and modernization of aircraft, growing use of electronics in the military, and a rise in military expenditure worldwide.
Technavio's semiconductor market in military and aerospace industry is segmented as below:
By Product
By Application
By Geography
This study identifies the growing use of UAVs as one of the prime reasons driving the semiconductor market in the military and aerospace industry growth during the next few years. Also, the increasing use of GAN semiconductors and growing focus on the use of nanotechnology will lead to sizable demand in the market.
The report on the semiconductor market in military and aerospace industry covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading semiconductor market in military and aerospace industry vendors that include Advanced Micro Devices Inc., AKHAN Semiconductor Inc., AMS Technologies AG, Broadcom Inc., Digitron Semiconductors, GlobalFoundaries Inc., Infineon Technologies AG, Intel Corp., Microchip Technology Inc., Micron Technology Inc., Micross Inc., Northrop Grumman Corp., ON Semiconductor Corp., Qualcomm Inc., Raytheon Technologies Corp., Samsung Electronics Co. Ltd., SEMICOA, Semtech Corp., Skyworks Solutions Inc., Taiwan Semiconductor Manufacturing Co. Ltd., Teledyne Technologies Inc., Texas Instruments Inc., Toshiba Corp., and Vishay Intertechnology Inc.. Also, the semiconductor market in military and aerospace industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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