Shifts in military spending and growing commercial demand for
aircrafts has led to some distinct changes the military and aerospace
electronics and semiconductors market.
The influx of technology into virtually every military and aerospace field is one of the primary agents of change in this regard. This report considers these changes and gives a brief overview of the worldwide avionics market in general, and the semiconductors market in particular.
The electronics application market for military and aerospace is broken down into defense application revenue, space, and commercial avionics. The major segments break down further into airport security, general avionics, satellites, other space, IT security and military. Overall this market is growing at a compound annual growth rate of 4 percent.
The largest segments in the application markets are military and avionics, both with 34 percent share of the total available market. The military market has an enormous impact on the overall health and further, the US government plays a significant role in performance due to the large defense budgets compared to other regions.
After more than a decade of rapid growth in the years following 9/11, US military spending is down 4% from $646B in 2012 to $621B in 2013. This can be attributed to a lack of new government funded programs in the last two years as well as a shift in military strategy towards intelligence gathering and unmanned surveillance over `boots-on-ground’. The US military withdrawal from Iraq and the on-going departure from Afghanistan have also contributed to the current downturn. It remains to be seen how unplanned developments, such as the expected military foray in Syria, impact the DOD budget in the coming few years.
Details of the new report, table of contents and ordering information can be found on our product page: 2013 Semiconductors in Military and Aerospace Electronics.
The influx of technology into virtually every military and aerospace field is one of the primary agents of change in this regard. This report considers these changes and gives a brief overview of the worldwide avionics market in general, and the semiconductors market in particular.
The electronics application market for military and aerospace is broken down into defense application revenue, space, and commercial avionics. The major segments break down further into airport security, general avionics, satellites, other space, IT security and military. Overall this market is growing at a compound annual growth rate of 4 percent.
The largest segments in the application markets are military and avionics, both with 34 percent share of the total available market. The military market has an enormous impact on the overall health and further, the US government plays a significant role in performance due to the large defense budgets compared to other regions.
After more than a decade of rapid growth in the years following 9/11, US military spending is down 4% from $646B in 2012 to $621B in 2013. This can be attributed to a lack of new government funded programs in the last two years as well as a shift in military strategy towards intelligence gathering and unmanned surveillance over `boots-on-ground’. The US military withdrawal from Iraq and the on-going departure from Afghanistan have also contributed to the current downturn. It remains to be seen how unplanned developments, such as the expected military foray in Syria, impact the DOD budget in the coming few years.
Details of the new report, table of contents and ordering information can be found on our product page: 2013 Semiconductors in Military and Aerospace Electronics.
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