Semiconductor Market in Military and Aerospace to Grow by USD 3.02 Billion (2024-2028) as Aircraft Modernization Increases; AI-Redefined Market Landscape Report – Technavio | PR Newswire [Video]

, /PRNewswire/ — Report with market evolution powered by AI – The global semiconductor market in military and aerospace industry size is estimated to grow by USD 3.02 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.56% during the forecast period. Increased upgrading and modernization of aircraft is driving market growth, with a trend towards growing use of UAVS. However, high cost associated with manufacturing poses a challenge. Key market players include Advanced Micro Devices Inc., AKHAN Semiconductor Inc., AMS Technologies AG, Broadcom Inc., Digitron Semiconductors, Foundaries Inc., Infineon Technologies AG, Intel Corp., Microchip Technology Inc., Micron Technology Inc., Micross Inc., Northrop Grumman Corp., ON Semiconductor Corp., Qualcomm Inc., Raytheon Technologies Corp., Samsung Electronics Co. Ltd., SEMICOA, Semtech Corp., Skyworks Solutions Inc., Taiwan Semiconductor Manufacturing Co. Ltd., Teledyne Technologies Inc., Texas Instruments Inc., Toshiba Corp., and Vishay Intertechnology Inc..

AI-Powered Market Evolution Insights. Our comprehensive …