The Europe Semiconductor Device In Aerospace & Defense Industry is expected to grow from USD 4.32 billion in 2024 to USD 5.77 billion by 2029, at a CAGR of 5.95% during the forecast period (2024-2029).
The security landscape is rapidly changing due to increasing geopolitical tensions in various nations, driving a heightened demand for cutting-edge aircraft, UAVs, and satellites. Key players are making substantial investments in the research and development of intricate product offerings, aiming to secure long-term contracts and strengthen their market dominance. Ongoing research and development efforts in the European aerospace and defense industry have significantly benefited platforms and related products and solutions. The market exhibits a moderate degree of fragmentation, with numerous international companies, including Microchip Technology Corporation, NXP Semiconductors, Infineon Technologies AG, Teledyne Technologies, and Skyworks Solutions Inc., among others.
In June 2023, Airbus and STMicroelectronics entered into a cooperative agreement to advance research and development in power electronics. This collaboration is geared towards developing more efficient and lightweight electrical systems needed for future hybrid aircraft and urban air mobility vehicles. The partnership builds on the previous evaluations conducted by both companies regarding the advantages of large bandgap semiconductor materials for electrifying aircraft.
In January 2023, Microchip Technology Inc. expanded its already extensive portfolio of radiation-tolerant products by introducing the MIC69303RT 3A Low-Dropout (LDO) Voltage Regulator. This marks the company's first commercially available (COTS) radiation-tolerant power device. The MIC69303RT, designed for high current and low voltage, serves as a power management solution specifically tailored for Low Earth Orbit (LEO) and other space applications. To meet the requirements of various missions, the device is available for prototype sampling in both plastic and hermetic ceramic forms.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook