Categories: Aerospace & Defence

Global Aerospace PCB Market Size, Unveiling Growth

The Aerospace And Defense PCB Global Market Report 2023 by The Business Research Company, provides aerospace & defense PCB market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Aerospace And Defense PCB Global Market Report 2023, the market size is expected to grow from $1.29 billion in 2022 to $1.32 billion in 2023 at a compound annual growth rate (CAGR) of 2.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aerospace & defense PCB market size is expected to reach $1.49 billion in 2027 at a CAGR of 2.9%

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.

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The aerospace & defense PCB market 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

Technological advancements are a key trend gaining popularity in the aerospace and defense PCB markets. Major companies operating in the aerospace and defense PCB market are adopting new technologies to sustain their position in the market. For instance, in June 2022, PCB Technologies Ltd., an Israel-based company that produces printed circuits and assembles electronic devices, launched the iNPACK for aerospace and defense PCBs. It is uniquely designed with cutting-edge technology that improves signal integrity and reduces unwanted inductance effects. It utilizing powerful components that improve functionality and embedded coins for heat dissipation.

The aerospace & defense PCB market report table of contents includes: