Home > Aerospace & Defense > Aviation Technology > Aerospace Semiconductor Market

Aerospace Semiconductor Market Size

Report ID: GMI7598
Published Date: Nov 2024
Report Format: PDF

Download Free Sample

Aerospace Semiconductor Market Size

The global aerospace semiconductor market was valued at USD 8.4 billion in 2024 and is anticipated to grow at a CAGR of 8.4% between 2025 and 2034.

To get key market trends

Download Free Sample

Increased power efficiency is a critical growth driver in the aerospace semiconductor industry, as it enables longer operational life and reduces the overall weight and fuel consumption of aerospace systems. Power-efficient semiconductors minimize energy waste, which is essential for satellite, drone, and aircraft applications where battery life and energy resources are limited. As aerospace systems demand higher performance without increased power use, advancements in low-power semiconductors are helping manufacturers meet stringent regulatory standards and improve sustainability, driving demand in this sector.

Aerospace Semiconductor Market Report Attributes
Report Attribute	Details
Base Year:	2024
Aerospace Semiconductor Market Size in 2024:	USD 8.4 Billion
Forecast Period:	2025 - 2034
Forecast Period 2025 - 2034 CAGR:	8.4%
2034 Value Projection:	USD 18.7 Billion
Historical Data for:	2021 - 2024
No. of Pages:	200
Tables, Charts & Figures:	359
Segments covered:	Type, Technology, Application, End-User
Growth Drivers:	Increased power efficiency in aerospace semiconductor applications Rising demand for satellite communication Increased adoption of IoT in aerospace Growth in electric and hybrid aircraft Advancements in AI for avionics systems
Pitfalls & Challenges:	Long design cycles delaying new technology adoption High sensitivity to economic downturns and budgets

Learn more about the key segments shaping this market

Download Free Sample

For instance, in In March 2024, Hitachi Energy made a significant advancement in power semiconductor technology by introducing a new 300 mm semiconductor wafer. This development is poised to enhance production capacity for high-power applications, particularly benefiting aerospace systems and other industries that rely on robust power management solutions.

Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

The global market size for aerospace semiconductor was valued at approximately USD 8.4 billion in 2024 and is expected to reach around USD 18.7 billion by 2032, driven by a CAGR of 8.4% from 2025 to 2034.

The through-hole technology (THT) segment is anticipated to grow at a CAGR of over 12.5% between 2025 and 2034, driven by its reliability and durability in demanding aerospace environments.

North America accounted for a 43% share of the global market in 2023, driven by the U.S.'s dominant aerospace industry and significant investments in military and commercial aircraft, as well as space exploration.

Major players in the industry include Texas Instruments, Analog Devices, Microchip Technology, STMicroelectronics, Infineon Technologies, ON Semiconductor, and Teledyne e2v.