Visiongain has published a new report entitled Military and Defence Semiconductor Market Report 2024-2024: Forecasts by Technology (Surface Mount Technology, Through Hole Technology (THT) Mounting, Other), by End-user (Army, Navy, Air Force, Other), by Application (Command and Control Systems, Communication Systems, Radar Systems, Electronic Warfare Systems, Other), by Component (Microprocessors, Memory Chips, Integrated Circuits, Logic, Optoelectronics, Other) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Impact and Recovery Pattern Analysis.
The global military and defence semiconductor market was valued at US$6.32 billion in 2023 and is projected to grow at a CAGR of 8.7% during the forecast period 2024-2034.
Enhancing Connectivity and Situational Awareness
The growing adoption of Internet of Things (IoT) and edge computing technologies is driving demand for semiconductor solutions in the military and defence sector. IoT devices and sensors deployed in military operations generate vast amounts of data that need to be processed and analyzed in real-time at the edge. Semiconductor companies are developing energy-efficient and high-performance chips capable of handling edge computing tasks in rugged and harsh environments. For example, companies like Texas Instruments, Qualcomm, and Analog Devices are developing semiconductor solutions optimized for IoT applications in defence, enabling enhanced connectivity and situational awareness on the battlefield.
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How has COVID-19 had a significant negative impact on the Military and Defence Semiconductor Market?
The COVID-19 pandemic has significantly impacted the global military and defence semiconductor market, introducing both challenges and opportunities. Initially, the pandemic disrupted semiconductor supply chains worldwide, leading to shortages of critical components for military and defence systems. Factory closures, logistics disruptions, and workforce limitations contributed to delays in production and delivery of semiconductor chips, affecting military equipment manufacturing and modernization efforts.
Moreover, the shift towards remote work and virtual collaboration during the pandemic increased the demand for advanced communication technologies and secure data transmission within military and defence sectors. This surge in demand highlighted the importance of semiconductor chips in enabling secure and efficient communication networks, intelligence gathering, and command and control systems.
On the other hand, the pandemic also spurred innovation and investment in semiconductor technologies within the military and defence sector. Governments and defence agencies recognized the need to enhance domestic semiconductor manufacturing capabilities to reduce reliance on foreign suppliers and mitigate supply chain vulnerabilities exposed by the pandemic. Consequently, there has been a renewed focus on fostering domestic semiconductor industries, fostering collaborations between government agencies, research institutions, and private sector companies to accelerate technology development and production capacity.
How will this Report Benefit you?
Visiongain’s 392-page report provides 123 tables and 187 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the global military and defence semiconductor market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for Military and Defence Semiconductor. Get financial analysis of the overall market and different segments including technology, end-user, application, and component and capture higher market share. We believe that there are strong opportunities in this fast-growing military and defence semiconductor market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report will help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.
What are the Current Market Drivers?
Maximizing Performance in Compact Form Factors
The increasing emphasis on miniaturization and Size, Weight, and Power-Cost (SWaP-C) optimization is driving innovation in the military and defence semiconductor market. Defence systems are becoming increasingly compact and portable, requiring semiconductor solutions that offer high performance while consuming minimal power and space. Semiconductor companies are developing miniaturized and energy-efficient chips suitable for use in unmanned aerial vehicles (UAVs), wearable devices, and other small form factor applications. For instance, companies like Microchip Technology, Renesas Electronics, and STMicroelectronics are developing System-on-Chip (SoC) solutions optimized for SWaP-C constrained environments, enabling the deployment of advanced military systems in space-constrained platforms.
Increasing Demand for Secure and Resilient Semiconductor Solutions
The increasing threat of cyberattacks and electronic warfare has led to a heightened demand for secure and resilient semiconductor solutions in the military and defence sector. Defence systems are vulnerable to cyber threats, espionage, and tampering, making cybersecurity a top priority for military organizations worldwide. Semiconductor companies are developing secure hardware solutions, cryptographic processors, and tamper-resistant chips to protect critical defence infrastructure from cyber threats. For example, companies like Arm, NXP Semiconductors, and Infineon Technologies specialize in developing secure microcontrollers and trusted platform modules (TPMs) for defence applications, ensuring the integrity and confidentiality of sensitive data.
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Where are the Market Opportunities?
High Investment in Military and Defence Semiconductor Market
One significant factor is the high level of investment pouring into this sector. Governments around the world are increasingly allocating substantial budgets to bolster their defence capabilities, including advancements in semiconductor technology. This investment trend opens up lucrative opportunities for semiconductor manufacturers and suppliers to cater to the specialized needs of military and defence applications. For instance, companies involved in the production of advanced semiconductors for radar systems, communication equipment, and electronic warfare systems stand to benefit from this heightened investment.
Collaboration and Partnership Between Market Players Opportunities for Semiconductor Market
In the realm of military and defence semiconductor markets, several factors present lucrative opportunities for growth and development. One significant aspect revolves around market opportunities factors, which encompass various elements such as technological advancements, evolving geopolitical landscapes, and shifting consumer demands. As nations increasingly prioritize national security and defence modernization efforts, the demand for cutting-edge semiconductor technologies tailored for military applications continues to rise. This surge in demand creates opportunities for semiconductor manufacturers to innovate and deliver solutions that cater to specific military requirements, including enhanced performance, durability, and security features.
Competitive Landscape
The major players operating in the military and defence semiconductor market are Advanced Micro Devices, Inc., AKHAN Semiconductor Inc., Broadcom Inc., Digitron Semiconductors, Infineon Technologies AG, Intel Corporation, Microchip Technology Incorporated, Micron Technology, Inc., Micross Components, Inc., Northrop Grumman Corporation, ON Semiconductor Corporation, Semicoa Corporation, Semtech Corporation, Teledyne Technologies Inc., Texas Instruments Incorporated, . These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new product launch.
Recent Developments
- 07 March 2024, According to congressional officials, the US government prepared to invest $3.5 billion in Intel Corp. to enable the chipmaker to manufacture cutting-edge semiconductors for military and intelligence applications. The funds would establish Intel as a leading domestic participant in the lucrative defence sector.
- 01 Feb 2024, Through the Strategic and Spectrum Missions Advanced Resilient Trusted Systems (S2MARTS) consortium, Raytheon, an RTX (NYSE: RTX) company, has been given a $20 million contract to build a next-generation multi-chip package for use in ground, maritime, and aerial sensors.
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To find more Visiongain research reports on the defence sector, click on the following links:
- Military Augmented Reality (MAR) Technologies Market Report 2024-2034
- Military Cyber Security Market Report 2024-2034
- Military Embedded Satellite Systems Market Report 2024-2034
- C4ISR Market Report 2023-2033
Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: contactus@visiongain.com
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Visiongain is one of the fastest-growing and most innovative independent market intelligence providers around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports, which cover 10-year forecasts, are hundreds of pages long, with in-depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets with a lot of synergies. These markets include automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customised and syndicated market research reports offer a bespoke piece of market intelligence customised to your very own business needs.
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