Los Angeles, January 6, 2020 -QY Research has come up with a report titled, “Global Semiconductor in Aerospace and Military Research Report 2019,” which focuses on the role of Semiconductors in the Aerospace and Military market. As per the report, the global Semiconductor in Aerospace and Military market was valued US$ 3.9 Bn in 2018 and it is anticipated to touch US$ 5.8 Bn by the end of 2025. The global Semiconductor in the Aerospace and Military market is projected to register a moderate CAGR of 5.6% from 2019 to 2025.
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Global Semiconductor in Aerospace and Military Market – Major Trends
Technological development has led to the incorporation of advanced machines and systems in the aerospace and military sector, which has largescale application of semiconductors in manufacturing
Governments around the globe are increasing spending on procurement of modern military and aerospace equipment
Upgradation of weapons and aircraft is expected to foster the growth of the market over the next few years
Smart Munition in Military and Aerospace Sector: The authors of the report have categorized the application segment into Smart Munition, Space, ruggedized Communications, Imaging and Radar, and Others. Advanced computing capability and memory enables fast analysis with efficient weapon and communication system. This has led to the incorporation of smart munitions such as smart bullets, warships, manned and unmanned aircraft, and others to enable up-gradation and modernization in the military and aerospace industry, which is likely to augment the growth of the application segment. The Type segment is another important segment of the market, which includes Analog, Mos Microcomponents, Memory, and Others.
Established Weapons Industry in North America to Boost the Regional Market
A substantial amount of military spending along with the strong weapons industry in the U.S. has resulted in rapid development of equipment, weapons, and machines. These modern weapons and systems are integrated with data display systems, computers, aircraft guidance control, and data control units, which have largescale application of semiconductors in manufacturing. This is likely to propel the growth of the Semiconductor in Aerospace and Military market in North America.
The Asia-Pacific region has witnessed arms race due to increasing threat of terrorism and geopolitical tension. This has prompted increased military and defense spending, which is likely to fuel the growth of the Semiconductor in the Aerospace and Military market in the region.
R&D – Top Priority of Market Players
The market players are keen to invest in extensive R&D to deliver innovative technology and cost-effective solutions.
In 2017, Raytheon Company. Developed and tested smart bullets successfully to help the U.S Navy warships against attack. The company manufactures semiconductors for varied applications in next-gen radars and communication radio systems.
Some of the top players operating in the global Semiconductor in the Aerospace and Military market are Microchip, Infineon Technologies, Intel, NXP, Broadcom, Northrop Grumann, Texas Instruments, Raytheon, Xilinx, BAE Systems, Broadcom, and ON Semiconductor.
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