Market Trends of Semiconductor Device Industry In Aerospace & Defense Industry
Sensors Segment to Grow Significantly in Aerospace & Defense Sector
- The Industrial Internet of Things (IIoT) is now having an impact on the aerospace and defense industries. Sensors embedded into the IIoT provide improved device and application connection. Data collected from all the cutting-edge sensor technologies are integrated to create fresh advancements in the aerospace and defense industry. The aerospace and defense industries can benefit from enhanced procedures, remote, real-time sensing and monitoring, and more accurate information detection.
- The effectiveness and extent to which sensors are used in aerospace and defense will be heavily influenced by safety. Additionally, the growing need for sensors that demonstrate dependability and durability in harsh environmental circumstances will majorly affect the development of rugged sensors in the aerospace and defense industries.
- Micro-electromechanical systems (MEMS), nano-electromechanical systems (NEMS), biosensors, drones, robotics, and 3D sensing are essential areas of study in sensors for aerospace and defense. A few significant developments in the sensors field that will help create effective systems, such as safety systems, are stress, proximity, radar, ultrasonic, and imaging sensors.
- Furthermore, Boeing, Airbus, Raytheon, Northrop Grumman, and General Dynamics are ranked among the leading aerospace and defense technology companies worldwide. The companies are into producing commercial and military aircraft, rockets, satellites, communications equipment, and missiles, where the sensors are widely used. Additionally, the companies are highly investing in their R&D, which might drive market growth during the projected period.
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Europe Region is Expected to Grow Significantly
- Europe comprises countries like the United Kingdom, Germany, France, Italy, and the rest of the continent. Spain, the Netherlands, Sweden, Poland, and other countries comprise the rest of Europe. The market is expanding across Europe, and various initiatives are underway to build new semiconductor-based space electronics with improved capability to protect space disturbances cheaply.
- The European defense and aerospace markets provide numerous potential for semiconductor expansion due to increased military spending on defense industry development. For instance, the Netherlands government declared a defense budget of USD 14.26 billion for the fiscal year 2022, an increase of 5.4% from the budget for the fiscal year 2021.
- Furthermore, Europe is putting much effort into expanding its space capabilities. For instance, in September 2022, CAES, a leader in advanced mission-critical electronics for aerospace and defense, announced that it had won multiple contracts with the European Space Agency (ESA) for the development of the GR765 System-on-Chip (SOC), the first user-selectable CPU for space. The subsequent generation radiation-hardened device enables users to choose between a LEON5 SPARCV8 or NOEL-V RISC-V RV64 processor cores.
- France is a significant European nation and a key player in the space industry. The market for space is enormous and offers countless prospects, and all platforms require semiconductor-based space electronics components to operate. This trend will propel the market growth during the projected period.
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