Lucintel Forecasts Semiconductors in the Global Military and Aerospace Market to Reach $4.8 Billion by 2028

According to the recent study the semiconductors in the global military and aerospace market is projected to reach an estimated $4.8 billion by 2028 from $3.1 billion in 2023, at a CAGR of 9% from 2023 to 2028. Growth in this market is primarily driven by increasing need for aircraft upgradation, growing military expenditure, and rising demand for high performance electronics in military applications.

A more than 150–page report is developed to understand trends, opportunities and forecast in semiconductors in the global military and aerospace market by product (memory, logic, MOS microcomponents, and analog), application (aerospace and defense), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link 

https://www.lucintel.com/semiconductors-in-military-and-aerospace-market.aspx

“Memory market is expected to remain the largest segment during the forecast period.”

Based on product, the semiconductors in the global military and aerospace market is segmented into memory, logic, MOS microcomponents, and analog. Lucintel forecasts that the memory market is expected to remain the largest segment due to its increasing usage in automation satellites and artificial intelligence technologies.

“Within the semiconductors in the global military and aerospace market, the defense segment is expected to remain the largest application.”

Based on application the defense segment is expected to witness the highest growth over the forecast period due to increasing penetration of semiconductors in various applications, such as unmanned aerial vehicles, communication equipment, and missiles.

“North America will dominate the semiconductors in the global military and aerospace market in near future.”

North America will remain the largest region due to high demand for military and aerospace sector, increasing spending by governments, and favorable regulatory environment.

Download Brochure of this report by clicking on https://www.lucintel.com/semiconductors-in-military-and-aerospace-market.aspx.

Major players of semiconductors in the global military and aerospace market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Analog Devices, Infineon Technologies, Microchip Technology, Northrop Grumman, and NXP Semiconductors are among the major semiconductors in the global military and aerospace providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/semiconductors-in-military-and-aerospace-market.aspx  or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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