According to a report from Market.US, it is expected to be worth around US$15 billion by 2034, from US$7.1 billion in 2024, growing at a CAGR of 8% during the forecast period for 2024. It’s been done. A company specializing in in-depth market research and analysis.
In 2024, North America accounted for more than 38% of the aerospace semiconductor market, with revenues of approximately USD 2.6 billion. The US market is expected to grow at a CAGR of 6.2%, the media release said.
“The aerospace semiconductor market is driven primarily by increasing demand for advanced aerospace technologies such as satellite systems, autonomous aircraft and high-performance communications networks,” Market.US said in a media release. “The growing need for lightweight, energy-efficient components in space and aviation applications is a key factor that will drive market expansion.”
The growth of the aerospace semiconductor market is driven by several key factors, including the increased complexity and capabilities of modern aircraft and spacecraft that require more sophisticated semiconductor solutions. The focus is on improving the safety and efficiency of aerospace operations that drives the demand for sophisticated electronics that are enabled by semiconductors.
The expansion of satellite networks for global communication and observation is driving the market even further. Continuous technological advances in semiconductor manufacturing that improve performance and reduce costs have also contributed greatly to this market expansion.
“New trends in the aerospace semiconductor market include integration of IoT technology to improve connectivity and capabilities of smarter, connected fleets,” the media release said. “This increases aviation safety and efficiency. It also focuses on miniaturization and weight reduction, driving the production of smaller, lighter and more powerful chip solutions.”
Technological innovation in the aerospace sector focuses on improving semiconductor capabilities and reliability. Materials such as silicon carbide (SIC) and gallium nitride (GAN) are used for their ability to handle extreme temperatures and voltages. Furthermore, advances in 3D packaging allow for more components in smaller spaces, making it essential for aerospace applications.
The aircraft semiconductor market is expanding with the adoption of electrical and hybrid propulsion systems in aircraft that require sophisticated semiconductors for efficient power management. Furthermore, growth in the aerospace industry in regions like the Asia-Pacific offers significant opportunities for semiconductor manufacturers.
The 2025 aerospace semiconductor landscape is shaped by several key trends that leverage advanced technology to meet the growing industry demand. One notable trend is the adoption of 3D stacking in memory technologies such as DRAM and NAND Flash. This is important for AI-driven applications that require increased computing power and storage capabilities.
