Aerospace Semiconductor Market Size

Aerospace Semiconductor Market Size

Aerospace Semiconductor Market was valued at over USD 35 billion in 2023 and is anticipated to grow at a CAGR of over 8% between 2024 and 2032. The demand from space exploration and satellite technology serves as a growth driver for the industry due to the increasing reliance on advanced electronics in spacecraft & satellite systems. Semiconductors play a crucial role in providing robust communication, navigation, and processing capabilities, contributing to the development of more sophisticated & efficient space technologies. As space exploration and satellite deployments expand, the semiconductor industry experiences heightened demand for high-performance components to meet the evolving needs of space missions and satellite functionalities.

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For instance, in May 2022, STMicroelectronics introduced economical radiation-hardened ICs for space satellites. The new line of radiation-hardened power, analog, and logic integrated circuits from ST, housed in inexpensive plastic packages, serves critical roles in the satellites' electrical systems. A data converter, a voltage regulator, an LVDS transceiver, a line driver, and five logic gates are among the first nine devices in this series, which were released. These devices are utilized in systems such as power generation & distribution, on-board computers, telemetry star trackers, and transceivers.

Aerospace semiconductors refer to electronic components made of materials with intermediate conductivity, essential for spacecraft and aircraft systems. These components including microprocessors & integrated circuits enable crucial functions such as communication, navigation, and data processing, playing a vital role in the advanced technology utilized in aerospace applications.

The design of semiconductors for aerospace applications is limited by radiation hardening and space compatibility due to the higher complexity & expenses involved in creating components that can endure the extreme conditions of space environments. These specifications impose restrictions on the market due to the demand for specialized materials and manufacturing techniques, reducing the flexibility and economic viability of semiconductor production for the aircraft industry.