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Aerospace Semiconductor Market Analysis

  • Report ID: GMI7598
  • Published Date: Dec 2023
  • Report Format: PDF

Aerospace Semiconductor Market Analysis

Based on application, the market is segmented into avionics systems & flight control, communication & connectivity solutions, power distribution & management, navigation & sensing technologies, safety & emergency systems, aircraft entertainment systems. The communication and connectivity solutions segment dominated the market in 2023 with a market share of over 25%.

 

  • Communication and connectivity solutions in semiconductors are poised for growth in the aerospace market due to increasing demand for advanced avionics and connectivity features. The aviation industry is rapidly adopting technologies like in-flight connectivity, satellite communication, and wireless systems for real-time data exchange.
     
  • These solutions enhance aircraft communication, navigation, and surveillance capabilities, improving overall safety and operational efficiency. As the aerospace sector continues to prioritize digitalization, the demand for semiconductor solutions supporting robust communication and connectivity applications is expected to rise significantly.

 

Aerospace Semiconductor Market Share, By Type, 2022

Based on type, the market is segmented into discrete devices, optical devices, microwave devices, sensors, ICs (Integrated Circuits), and hybrid ICs. The sensors segment is anticipated to register a CAGR of over 10% through 2032.

 

  • Sensors are pivotal in aerospace safety, monitoring crucial parameters for reliability. With the industry's increasing automation, sensors provide real-time data for decision-making and support autonomous features such as autopilot, reinforcing the safety & efficiency of aircraft systems.
     
  • The aerospace sector's escalating need for remote sensing, encompassing surveillance, reconnaissance, and monitoring, propels the integration of diverse sensors. Crucial for security, sensors play a pivotal role in safeguarding aircraft and passengers, underlining their indispensable contribution to overall safety in aerospace applications.

 

U.S. Aerospace Semiconductor Market, 2021-2032 (USD Billion)

North America dominated the global aerospace semiconductor market with a share of over 35% in 2023. North America's proven leadership in the aerospace industry is expected to fuel the regional market expansion. The strong presence of leading defense contractors and aerospace manufacturers fuels the market for state-of-the-art semiconductor technologies. The expansion is also facilitated by government efforts that foster technological innovation and rising research & development expenditures. Due to its focus on sophisticated automation, defense applications & aviation safety, North America is positioned to become a major hub for semiconductor growth in the rapidly expanding aircraft business.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for aerospace semiconductor surpassed USD 35 billion in revenue in 2023 and is projected to expand at over 8% CAGR from 2024-2032 owing to the rising demand for space exploration and satellite technology.

Aerospace semiconductor industry from the communication and connectivity solutions application segment accounted for more than 25% revenue share in 2023 and is anticipated to record considerable growth through 2032 owing to the growing demand for advanced avionics and connectivity features.

North America industry for aerospace semiconductor held more than 35% revenue share in 2023 and is estimated to record robust growth through 2032 fueled by the strong presence of leading defense contractors and aerospace manufacturers in the region.

Some of the top aerospace semiconductor business players are Analog Devices, Inc., Infineon Technologies AG, Microchip Technology Inc., NXP Semiconductors NV, ON Semiconductor Corporation, Raytheon Technologies Corporation, and Texas Instruments Incorporated.

Aerospace Semiconductor Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 244
  • Countries covered: 22
  • Pages: 220
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