Aerospace and Defense Semiconductor Market Drivers, Trends, and Forecast by 2031

MARKET OVERVIEW

The global semiconductor in the military and aerospace market is highly fragmented with the presence of a large number of players catering to the increasing demand. Various military agencies are investing in advanced semiconductor technology to offer enhanced safety to the soldiers. Semiconductor has extensive scope of application among aerospace and defense industry and is expected to witness a further surge in demand owing to growing expenditure towards space exploration and research. For instance, the semiconductors are used for power management, RF systems, avionics, integrated vehicle systems and defense systems among other major applications.

MARKET SCOPE

The "Global Aerospace and Defense Semiconductor Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aerospace and defense semiconductor market with detailed market segmentation by component, end user and geography. The report provides key statistics on the market status of the leading aerospace and defense semiconductor market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on component, the global aerospace and defense semiconductor market is segmented into optical, sensors and actuators, memory, microcontrollers, analog ics, logic and discrete power devices, others
  
•   On the basis of end user, the market is segmented aerospace, defense, others
  

MARKET DYNAMICS

Drivers:

•   Increasing military expenditure.
  
•   Growing aircraft up-gradation and modernization programs
  
•   Rising demand for lighter and advanced display screens
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aerospace and defense semiconductor market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the aerospace and defense semiconductor market in these regions.

IMPACT OF COVID-19 ON AEROSPACE AND DEFENSE SEMICONDUCTOR MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the aerospace and defense semiconductor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from aerospace and defense semiconductor market are anticipated to lucrative growth opportunities in the future with the rising demand for airport tugs in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aerospace and defense semiconductor market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   BAE Systems
  
•   Airbus Group
  
•   General Dynamics
  
•   Northrop Grumman
  
•   Lockheed Martin Corporation
  
•   Raytheon
  
•   Infineon Technologies
  
•   Altera Corporation (Intel)
  
•   Microsemi Corporation
  
•   Texas Instruments
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Aerospace and Defense Semiconductor Report Scope