Lucintel's latest market report analyzed that semiconductors in the global military and aerospace provides attractive opportunities in the aerospace and defense sectors. The semiconductor in the global military and aerospace market is expected to reach $4.8 billion by 2028 with a CAGR of 9%. In this market, memory is the largest segment by product, whereas defense is largest by application.
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Based on product, the semiconductors in the global military and aerospace market is segmented into memory, logic, MOS microcomponents, and analog. The memory segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its increasing usage in automation satellites and artificial intelligence technologies.
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The Semiconductors in the Global Military and Aerospace Market is marked by the presence of several big and small players. Some of the prominent players offering semiconductors in the global military and aerospace include Analog Devices, Infineon Technologies, Microchip Technology, Northrop Grumman, and NXP Semiconductors.
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