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Growth Forecast and Key Trends in the Aerospace & Defense PCB Global Market Report 2024
Aerospace & Defense PCB Market Size
What Is The Projected Market Size Of The Global Aerospace & Defense PCB Market Report 2024 And Its Growth Rate?
With a steady rise in recent years, the aerospace & defense PCB market anticipates the following results:
- Growth from $1.35 billion in 2024 to $1.38 billion in 2025 at a compound annual growth rate (CAGR) of 2.3%.
- Expected to reach $1.61 billion in 2029 at a CAGR of 3.8%.
Key factors driving this growth include complexity of avionics systems, miniaturization of electronics, focus on lightweight materials, and a rising demand for commercial aircraft.
What Is Driving The Growth In The Aerospace & Defense PCB Global Market Report 2024?
The surging demand for commercial and military unmanned aerial vehicles (UAVs) is a significant growth driver in the aerospace and defense PCB market. UAVs, especially those designed for military purposes, rely heavily on aerospace and defense PCBs for operating under the most demanding environments and missions. For instance, as per data from Skykam Technical Inspections and the Federal Aviation Administration, the global drone market in 2022 was worth $43 billion, and the US registered 855,860 drones in 2023, signaling the upward trend in the aerospace and defense PCB market.
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Who Are the Key Players Driving Aerospace & Defense PCB Market Growth?
The major companies leading the market growth include:
- Epec Engineered Technologies LLC
- Amitron Corporation
- Corintech Ltd.
- Delta Circuits Inc.
- Advanced Circuits
- SCHMID Group
- Technotronix
- Sanmina Corporation
- IEC Electronics Corporation
- Firan Technology Group Corporation.
What Are The Key Trends In The Aerospace & Defense PCB Global Market Report 2024?
Notable trends paving the way for this market involve:
- Adoption of flexible and rigid-flex PCB
- Integration of high-density interconnects (HDI)
- Usage of advanced materials
- Integration of embedded components
- Rapid prototyping and iterative design.
What Are The Segments Of The Global Aerospace & Defense PCB Market Report 2024?
The market segmentation involves:
- Type: Single Sided, Double Sided, Multilayer
- Design: Rigid PCB, Flexible PCB, Rigid-Flex PCB, High-Density Interconnect
- Aircraft: Narrow-Body Aircraft, Wide-Body Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, UAV, Spacecraft
- Application: Radar Installations, Power Supplies, Power Conversion, Radio Communication, Lighting, Engine Control Systems, Other Applications.
Which Region Leads The Aerospace & Defense PCB Global Market Report 2024?
North America dominated the aerospace & defense PCB market in 2024. However, rapid growth is expected from the Asia-Pacific region during the forecast period. The report covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Aerospace & Defense PCB Global Market Report 2024 Global Market Report?
- Market Size Analysis: Analyze the Aerospace & Defense PCB Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aerospace & Defense PCB Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aerospace & Defense PCB Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aerospace & Defense PCB Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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