Elevating Defense: Semiconductor in Military and Aerospace Market Analysis

According to a new report published by Allied Market Research, titled, "Semiconductor in Military and Aerospace Market" was valued at $6.3 billion in 2021, and is estimated to reach $12.9 billion by 2031, growing at a CAGR of 7.6% from 2022 to 2031.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 :
https://www.alliedmarketresearch.com/request-sample/47855

North America is looking forward to strengthen its domestic semiconductor manufacturing industry, therefore, in the U.S., government introduced a $54.2 billion CHIPS Act, which provides investment and incentive funds to build semiconductor manufacturing facilities in the U.S. Moreover, North America increasingly invests on satellite equipment to enhance defense and surveillance capabilities of the armed forces, modernization of existing communication in military platforms, critical infrastructure and law enforcement agencies using satellite systems, which in turn demand for enhanced semiconductor products, and are key factors expected to drive the semiconductor in military and aerospace market in North America. For instance, in March 2022, Vicor Corp. radiation-fault-tolerant DC-DC converter power modules use in Boeing-manufactured O3b mPOWER satellites. The O3b mPOWER ecosystem is a constellation of satellites in medium earth orbit (MEO) that SES use for delivering global connectivity services to customers across the globe.

COVID-19 Impact Analysis :

The COVID-19 pandemic impacted the semiconductor in military and aerospace market in a negative manner owing to commute restrictions, shutdown of semiconductor products manufacturing plants and weak financial performance of market players during the COVID-19 period. However, post pandemic, several countries are focusing on upgrading or modernizing their existing military aircraft fleet, which is expected to create demand for semiconductor components, and will supplement the market growth during the forecast period. For instance, in January 2022, Boeing received a contract from the U.S. Deaprtment of Defense (DoD) for the development of new systems for Japan Air Self-Defense Force's (JASDF) F-15 Eagle Super Interceptors fleet.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/semiconductor-in-military-and-aerospace-market/purchase-options

KEY FINDINGS OF THE STUDY :

By component, the memory segment is anticipated to exhibit significant growth in the near future.

By technology, the through-hole technology segment is anticipated to exhibit significant growth in the near future.

By end use, the military segment is anticipated to exhibit significant growth in the near future.

By application, the communication, navigation, global positioning system & surveillance segment is anticipated to exhibit significant growth in the near future.

By region, North America is anticipated to register the highest CAGR during the forecast period.

Key players operating in the global semiconductor in military and aerospace market include Advanced Micro Devices Inc. (Xilinx Inc.), Analog Devices, Inc., Infineon Technologies AG, Microchip Technology Inc., Northrop Grumman Corporation, NXP Semiconductors NV, ON Semiconductor Corporation, Raytheon Technologies Corporation, Teledyne Technologies Inc., and Texas Instruments Incorporated.

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 : https://www.alliedmarketresearch.com/purchase-enquiry/47855

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