Aerospace and Defense PCB Market
Overview and Scope
Aerospace and defense PCB (Printed Circuit boards) are specialized circuit boards that are designed to be used in aerospace and defense applications. These PCBs are designed to meet the specific requirements and standards of the aerospace and defense industries. Aerospace and defense PCBs are used as flight control systems, communication systems, and navigation systems.
Sizing and Forecast
The aerospace & defense pcb market size has grown steadily in recent years. It will grow from $1.33 billion in 2023 to $1.38 billion in 2024 at a compound annual growth rate (CAGR) of 3.1%. The growth in the historic period can be attributed to increasing complexity of avionics systems, miniaturization of electronics, focus on lightweight materials, rising demand for commercial aircraf..
The aerospace & defense pcb market size is expected to see steady growth in the next few years. It will grow to $1.58 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%. The growth in the forecast period can be attributed to rise of electric and hybrid aircraft, expansion of space exploration programs, increased use of unmanned systems, growing demand for satellite systems, demand for high-speed and high-frequency pcbs .. Major trends in the forecast period include flexible and rigid-flex pcb adoption, high-density interconnect (hdi) integration, use of advanced materials, integration of embedded components, rapid prototyping and iterative design..
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Segmentation & Regional Insights
The aerospace & defense pcb market covered in this report is segmented –
1) By Type: Single Sided, Double Sided, Multilayer
2) By Design: Rigid PCB, Flexible PCB, Rigid-Flex PCB, High-Density Interconnect
3) By Aircraft: Narrow-body Aircraft, Wide-body Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, UAV, Spacecraft
4) By Application: Radar Installations, Power Supplies, Power Conversion, Radio Communication, Lighting, Engine Control Systems, Other Applications
North America was the largest region in the aerospace & defense PCB market in 2023. Asia-pacific is expected to be the fastest-growing region in the aerospace and defense PCB market report forecast period. The regions covered in the aerospace & defense pcb market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing demand for commercial and military UAVs is expected to propel the growth of the aerospace and defense PCB market going forward. Military unmanned aerial vehicles (UAVs), also known as military drones, are unmanned aerial vehicles designed and used by the military for a variety of purposes. These UAVs can be remotely piloted or fly autonomously using pre-programmed flight plans or artificial intelligence. Aerospace and defense PCBs are critical in the design and manufacture of military UAVs, allowing these advanced systems to operate safely and reliably in the most demanding environments and missions. For instance, in December 2022, according to Skykam Technical Inspections, a UK-based drone solutions company, the global drone market worth $43 billion in 2022, where personal drones are 94% of unit sales in the drone. Further, according to the Federal Aviation Administration, there were 855,860 registered drones in the United States in 2023 and Therefore, the increasing demand for commercial and military UAVs is driving the growth of the aerospace and defense PCB market going forward.
Key Industry Players
Major companies operating in the aerospace and defense PCB market are focusing on innovative products with board-in-board interconnections to drive revenues in their market. Board-in-board interconnections is a unique way of connecting printed circuit boards (PCBs) without the need for additional components or soldering. For instance, in March 2022, Ernest Orlando Lawrence Berkeley National Laboratory, a US-based scientific research facility, launched board-in-board interconnections. The new PCB technology can handle high voltages and is based on well-established, low-cost PCB manufacturing techniques. It is also less expensive than pin connector alternatives, doesn’t require soldering, and can be customized into 3-D shapes. It offers opportunities in high-stress applications and situations where the devices are vibrating. Thin sensor probes and essential aviation electronics are two areas in which the new PCB technology may find use. Board-in-board interconnections, a revolutionary PCB technology, can withstand higher voltages and mechanical pressures than existing tiny connector technologies.
The aerospace & defense pcb market report table of contents includes:
1. Executive Summary
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