Electronic components are fundamental to modern aerospace, playing a critical role in the development, operation, and safety of aircraft and spacecraft. These aerospace components are designed to deliver the precision and reliability required by the aerospace industry, ensuring optimal performance even under extreme environmental conditions. Essential components like ICs, FPGAs, and MCUs are the driving force behind key systems such as radar, communication, navigation, and onboard computers, making them indispensable to the advancement of aerospace technology.
Aerospace
The aerospace industry plays an important role in global transportation and space exploration, including two key areas: aeronautics and astronautics.
Aeronautics involves the design, development and production of aircraft, including commercial plans, military jets and helicopters.
Astronautics is dedicated to spacecraft and related technologies such as satellites, space probes, and crewed space missions.
Aerospace Semiconductor Market
According to Global Market Insights, the Aerospace semiconductor market was valued at over $35 billion in 2023 and is anticipated to grow at a CAGR of over 8% between 2024 and 2032. Aerospace components are important in advancing new space technologies, and as the demands of space missions and satellite functions evolve, the need for semiconductors will continue to rise.
Market Trends
The growing demand for advanced avionics drives the aerospace industry to seek high-performance components essential for automation, communication, and navigation. As this demand intensifies, IoT integration is further elevating the need for semiconductors capable of real-time data processing. In addition, to meet strict aerospace requirements, manufacturers are developing smaller, lighter, and more power-efficient chips in response to the industry’s focus on lightweight and fuel-efficient designs. Moreover, the application of machine learning in autonomous decision-making and predictive maintenance is fueling the need for aerospace components that can handle increasingly complex computations.