The global aerospace semiconductor market size reached around USD 8.82 Billion in 2024. The market is projected to grow at a CAGR of 8.90% between 2025 and 2034 to reach nearly USD 20.69 Billion by 2034. The market growth can be attributed to the growth of international trade volume and increasing cross-border activities. Moreover, technological advancements like machine learning and artificial intelligence are expected to drive the market development in the coming years.
Base Year
Historical Period
Forecast Period
The increasing air traffic is surging the need for advanced communication and navigation systems to improve communication technologies and enhance aircraft tracking, route optimisation, and cargo security. As per industry reports, global air cargo traffic is expected to record an annual growth rate of 4% up to 2043. With surging air cargo traffic, there is an increasing demand for smart logistics systems that rely on semiconductor-based sensors, communication devices, and data processing units to ensure cargo management and reduce operational costs.
The expansion of commercial aircraft fleet is boosting the demand for advanced avionics and flight control systems to ensure efficiency, safety, and passenger comfort. The size of commercial aircraft fleet in the APAC region is expected to triple by 2043, and delivery demand is expected to peak at 980. With the rising demand for commercial aircraft and aircraft manufacturers ramping up their production and assembly lines, the demand for semiconductors to improve the efficiency of manufacturing processes is surging.
Semiconductors are essential in advanced avionics and electronic systems for flight navigation, control, safety, and communication. The increasing passenger traffic and the rising need to upgrade or add in-flight entertainment (IFE) and connectivity systems to meet evolving customer expectations are boosting the aerospace semiconductor market revenue. For instance, Boeing is expected to deliver 2705 new aircrafts in the South Asia by 2042 to accommodate the increasing growth annual rate of air cargo and passengers across borders.
Compound Annual Growth Rate
8.9%
Value in USD Billion
2025-2034
Aerospace Semiconductor Market Outlook
*this image is indicative*
|
Global Aerospace Semiconductor Market Report Summary |
Description |
Value |
|
Base Year |
USD Billion |
2024 |
|
Historical Period |
USD Billion |
2018-2024 |
|
Forecast Period |
USD Billion |
2025-2034 |
|
Market Size 2024 |
USD Billion |
8.82 |
|
Market Size 2034 |
USD Billion |
20.69 |
|
CAGR 2018-2024 |
Percentage |
XX% |
|
CAGR 2025-2034 |
Percentage |
8.90% |
|
CAGR 2025-2034 - Market by Region |
Asia Pacific |
10.1% |
|
CAGR 2025-2034 - Market by Country |
India |
10.3% |
|
CAGR 2025-2034 - Market by Country |
China |
10.0% |
|
CAGR 2025-2034 - Market by End Use |
Imaging, Radar and Earth Observation |
10.2% |
|
CAGR 2025-2034 - Market by Application |
Satellite Launch Vehicle |
11.5% |
|
Market Share by Country 2024 |
Brazil |
3.4% |
As per industry estimates, the global fleet size is expected to double by 2043 due to the expansion of international trade and the growth of cross-border business travel between countries. The market analysis suggests that global air passenger traffic is expected to increase at a rate of 4.7% annually, thereby prompting aviation companies to introduce newer, fuel-efficient airplane models in the coming years. This is expected to propel the growth of aerospace semiconductor market value in the coming years.
Aerospace semiconductors are extensively used in numerous electronic devices, including navigation, communication, and control systems. They determine an aircraft’s speed, direction, and altitude to enable pilots to adjust their path as during air charter service and ensure a smooth and safe journey for passengers onboard. It also processes and amplifies radio signals in flight to facilitate pilot-to-pilot communication. In GPS receivers, they determine the position and direction of an aircraft’s travel at a given point, which is helpful in ensuring smooth navigation.
By 2043, Boeing aims to deliver 50,000 new commercial aircraft worldwide. Based on industry analysis, South Asian aircraft carriers are expected to add over 2,700 planes to their existing fleet over the next 20 years. India’s air traffic is estimated to grow by nearly 8% annually in the coming years. This is expected to promote the aerospace semiconductor market development over the forecast period.
Increasing government support; technological advancements; development of carbon nanotube wiring; and emergence of neuromorphic chips are the major factors driving the aerospace semiconductor market growth.
The critical role of semiconductors in the space race has prompted countries like Japan to explore new ways of enabling advanced space exploration projects for a longer duration. This is expected to fuel the aerospace semiconductor market development in the coming years.
Aerospace semiconductor manufacturers are adopting AI tools for detection of anomalies in semiconductor production tests and analyse its causes to prevent their future occurrence. This is enabling companies to streamline operational inefficiencies and deliver high-quality output consistently.
Carbon nanotube wiring can reduce aircrafts’ weight significantly and enhance their thermal and electrical conductivity, thereby enhancing their improving payload capacity and fuel efficiency. While this technology is in its infancy, some companies like Nanocomp Technologies are developing new carbon nanotube yarns and sheets that can potentially replace traditional copper wiring in aircraft while reducing its weight by 70%.
Neuromorphic computing chips can easily mimic the architecture of human brains to analyse patterns and make decisions, which is crucial to the development of autonomous aircraft. They are highly efficient at information processing and can increase the market revenue in the coming years.
The government of Japan earmarked JPY 750 million in its FY 2023-24 fiscal budget for encouraging local startups to develop space-grade semiconductors in collaboration with the Japan Aerospace Exploration Agency. This is promoting the aerospace semiconductor market growth.
Unlike conventional semiconductors, space-grade semiconductors can withstand 40 times more radiation, thereby preventing the malfunctioning of essential electronic devices in space. They reduce energy consumption by nearly 10% and can also facilitate the downsizing of equipment as they are just a quarter of the size of space equipment. This is one of the key aerospace semiconductor market trends.
The EMR’s report titled “Global Aerospace Semiconductor Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Breakup by Technology
Breakup by Application
Breakup by End Use
Breakup by Region
Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2025-2034, the market for aerospace semiconductors in the Asia Pacific is expected to grow at a CAGR of 10.1% due to the rising demand for commercial aircraft carriers. Based on aerospace semiconductor market analysis, India is expected to witness the highest CAGR of aerospace semiconductor demand (10.3%), followed by China (10.0%), and Australia (8.7%).
Based on end use, the market can be segmented into communication, navigation, and surveillance; imaging, radar and earth observation, and munitions, among others. Over the forecast period of 2025-2034, imaging, radar and earth observation is expected to constitute a major end use of the aerospace semiconductor market share. It is also expected to grow at a CAGR of 10.2% in the upcoming years as it enables critical functions like radar detection, high-resolution imaging, signal processing, and real-time data transmission.
|
CAGR 2025-2034 - Market by |
Application |
|
Imaging, Radar and Earth Observation |
10.2% |
|
Communication, Navigation, and Surveillance |
9.9% |
|
Munitions |
XX% |
|
Others |
XX% |
Major aerospace semiconductor companies are developing advanced semiconductors that use advanced materials like Silicon Carbide (SiC) and Gallium Nitride (GaN). These materials substantially improve the performance and energy efficiency of airplanes while reducing their weight. This is creating a favourable aerospace semiconductor market outlook.
Broadcom Inc. was founded in 1961 and is headquartered in California, United States. It specialises in providing cable modems, network infrastructure, and knowledge-based processors, among other products and services.
Infineon Technologies AG was founded in 1999 and is headquartered in Neubiberg, Germany. It is primarily involved in designing, manufacturing, and selling semiconductors for a wide range of industries.
Microchip Technology Inc. was founded in 1987 and is headquartered in Arizona, United States. It is engaged in manufacturing analog chips, microcontrollers, security products, and connectivity products for various industries.
NXP Semiconductors NV was founded in 2006 and is headquartered in the Netherlands. It is engaged in manufacturing semiconductor solutions for the automotive, aerospace, and communication industries.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players included in the aerospace semiconductor market report are Semiconductor Components Industries, LLC, and Texas Instruments Incorporated, among others.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the market reached an approximate value of USD 8.82 Billion.
The market is projected to grow at a CAGR of 8.90% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 20.69 Billion by 2034.
The different regions considered in the market report include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different segments considered in the market report are Surface-Mount Technology (SMT), and Through-Hole Technology (THT).
The different applications of aerospace semiconductors are communication, navigation, and surveillance; imaging, radar and earth observation; and munitions, among others.
The different end uses of aerospace semiconductors are commercial aircraft, military aircraft, and satellite launch vehicle, among others.
Key players in the market are Infineon Technologies AG, Semiconductor Components Industries, LLC, Texas Instruments Incorporated, Microchip Technology Inc., Broadcom Inc., and NXP Semiconductors NV, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Technology |
|
| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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