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Aerospace Semiconductor Market Share

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

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Aerospace Semiconductor Market Share

Players operating in the aerospace semiconductor industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the market.

Aerospace Semiconductor Market Companies

Major players operating in the aerospace semiconductor industry are:

Analog Devices, Inc.
Infineon Technologies AG
Microchip Technology Inc.
NXP Semiconductors NV
ON Semiconductor Corporation
Raytheon Technologies Corporation
Texas Instruments Incorporated

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.