Global Semiconductor in Military and Aerospace Market Size to Exceed USD 15,012.24 Million by 2033: Market Statistics Report

Global Semiconductor in Military and Aerospace Market Size to Exceed USD 15,012.24 Million by 2033 

According to a research report published by Spherical Insights & Consulting, the Global Semiconductor in Military and Aerospace Market Size is Expected to Grow from USD 6,018.21 Million in 2023 to USD 15,012.24 Million by 2033, at a CAGR of 9.57% during the forecast period 2023-2033.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Semiconductor in Military and Aerospace Market Size, Share, and COVID-19 Impact Analysis, By Component (Sensors & Actuators, Optical, Memory, Microcontrollers, and Logic & Discrete Power Devices), By Packaging Type (Plastics and Ceramics), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033 

A substance that possesses both conductivity and insulator qualities is referred to be a semiconductor. These are sometimes called integrated circuits (ICs) or microchips. Semiconductors are typically composed of combinations like gallium arsenide, or pure substances like silicon or germanium. Additionally, the utilization of radiation-tolerant semiconductor components, increased military spending, and aircraft modernization and upgrade initiatives are the main factors driving the semiconductor market in the military and aerospace industries. However, the factor impeding market expansion is the shortage of semiconductors. Additionally, the factors anticipated to present development prospects during the projected period include defense modernization and the increase in investments made by various governments in space technology. However, the high cost of creating and producing sophisticated semiconductor components may restrict investment and growth.

The memory segment is expected to hold the largest share of the global semiconductor in the military and aerospace market during the projected timeframe.                

Based on component, the global semiconductor in the military and aerospace market is categorized as sensors & actuators, optical, memory, microcontrollers, and logic & discrete power devices. Among these, the memory segment is expected to hold the largest share of the global semiconductor in military and aerospace market during the projected timeframe. A crucial component of semiconductors used in the military and aerospace industries is memory components. These parts are utilized in a variety of systems, including sensor, communication, and navigation systems, to store and retrieve data.

The ceramics segment is expected to grow at the fastest CAGR during the projected timeframe.       

Based on the packaging type, the global semiconductor in military and aerospace market are categorized as plastics and ceramics. Among these, the ceramics segment is expected to grow at the fastest CAGR during the projected timeframe. Packaging made of ceramics is utilized in the aviation and military sectors of the worldwide semiconductor market. Several ceramic substances, including silicon carbide, beryllium oxide, and aluminum oxide, are used in this packaging market.

North America is projected to hold the largest share of the global semiconductor in military and aerospace market over the forecast period.

North America is projected to hold the largest share of the global semiconductor in military and aerospace market over the forecast period. The robust defense industry, substantial expenditure on defense, and sophisticated technological structures in North America have built the market for semiconductors in the defense and aviation industries. Favorable laws and regulations and the region's concentration on research and development are anticipated to propel the expansion of the North America semiconductor market in the military and aerospace industries.

Asia Pacific is expected to grow at the fastest CAGR growth of the global semiconductor in military and aerospace market during the forecast period. The region's growing military budget, focus on modernizing defenses, and growing need for cutting-edge semiconductors which is further propelling the market in the Asia Pacific region. The expansion of the Asia-Pacific market is also being aided by favorable government initiatives to boost regional security, enhance the defense sector, and develop weapons.

Competitive Analysis

Major vendors in the global semiconductor in military and aerospace market are NVIDIA Corporation, Maxim Integrated Products Inc., Texas Instruments Inc., Microsemi Corporation, Xilinx Inc., Intel Corporation, Renesas Electronics Corporation, Analog Devices Inc., Broadcom Inc., and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In July 2023, Santa Clara and Boeing declared a new strategic partnership to develop semiconductor technology across the aerospace industry with the goal of developing next-generation microelectronics applications in artificial intelligence, secure computing, and advanced flight capability for future products.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global semiconductor in military and aerospace market based on the below-mentioned segments: 

Global Semiconductor in Military and Aerospace Market, By Component

• Sensors & Actuators
• Optical
• Memory
• Microcontrollers
• Logic & Discrete Power Devices

Global Semiconductor in Military and Aerospace Market, By Packaging Type

• Plastics
• Ceramics

Global Semiconductor in Military and Aerospace Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa