IMARC Group's report titled "Military & Defense Semiconductor Market Report by Mounting Type (Surface Mount, Through Hole), Component (Memory Devices, Logic Devices, Analog IC, MPU, Discrete Power Devices, MCU, Sensors, and Others), Material Used (Silicon Carbide, Gallium Manganese Arsenide, Copper Indium Gallium Selenide, Molybdenum Disulfide, and Others), Application (Communication, Vehicle, Weapons, and Others), Region and Competitive Landscape (Market Share, Business Overview, Products Offered, Business Strategies, SWOT Analysis and Major News and Events) 2024-2032". The global military & defense semiconductor market size reached US$ 6.84 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.79 Billion by 2032, exhibiting a growth rate (CAGR) of 7.8% during 2024-2032.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/military-defense-semiconductor-market-report/requestsample
Factors Affecting the Growth of the Military & Defense Semiconductor Industry:
Modern warfare and defense strategies are evolving, which is driving the demand for sophisticated electronics that enhance capabilities, such as communication, surveillance, and weapons systems accuracy. Semiconductors play a critical role in enabling these technologies, including radar, satellites, and unmanned vehicles. The need for higher-speed processing, improved power efficiency, and miniaturization of components is leading to innovations in semiconductor design specifically tailored for military applications. This trend is further supported by the international geopolitical landscape, where nations are investing in technological superiority as a means of national security. The continuous advancement in semiconductor technology and the strategic importance of electronic warfare are supporting the market growth.
Autonomous and artificial intelligence (AI)-driven systems are becoming prevalent in military applications, ranging from autonomous vehicles to AI-based surveillance and decision-making systems. These technologies require robust, high-performance semiconductors to process vast amounts of data and execute complex algorithms in real time. The shift towards incorporating AI in military systems is not only enhancing operational efficiencies but also pushing the boundaries of what is technologically possible in defense scenarios. This trend is catalyzing the demand for specialized semiconductors that can operate reliably in the challenging environments typical of military operations. Moreover, the push for autonomous systems underscores the need for enhanced security features in semiconductors to protect against cyber threats, which is encouraging innovation.
Cyber threats are a concern for military operations, where a breach could have catastrophic implications. This is leading to an increased focus on developing semiconductors with enhanced security features to safeguard sensitive data and ensure the integrity of military communications and control systems. Innovations like hardware-based security, encryption technologies, and secure boot processes are being integrated into semiconductor designs to address these challenges. The ongoing evolution of cybersecurity measures not only drives demand for sophisticated semiconductors but also shapes the technological landscape of the defense sector, influencing market growth and development strategies.
Leading Companies Operating in the Global Military & Defense Semiconductor Industry: