The market for semiconductors in the military and aerospace market is expected to reach $2.9 billion in 2017. This is an 8 percent increase from 2016 due to better economic conditions in the military segment. The largest markets for military spending continue to be the United States, Russia, China and India. All four of these markets increased military spending in 2016-2017. Long term, this market will continue to grow at a compound annual growth rate of 4 percent over the next five years. This report provides forecasts for all semiconductor product types used in the military and aerospace application market. Market segments include defense, space, satellite and avionics. Regional data as well as by product type is presented. OEM share and estimated spend on semiconductors is included along with market share for the semiconductor suppliers that serve this market.
The high-reliability (Hi-Rel) aerospace and defense markets are all driving to reduce size, weight and power (SWaP), while still demanding the exacting reliability that these markets demand. GSEC will provide products and services for excellent RF performance, combined with the unique integration capabilities to meet the demands of the defense and aerospace markets.
Several modern military and aerospace equipment such as data processing units, data display systems, computers, and aircraft guidance-control assemblies are loaded with semiconductor devices. The increasing R&D expenditure is presenting the global market with numerous opportunities. Silicon photonics are also predicted to emerge as the leading technology for this market.
