Insights Into The Aerospace And Defense PCB Market’s Growth Opportunities Through 2023-2032 – Includes Aerospace And Defense PCB Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The rising need for commercial and military unmanned aerial vehicles (UAVs) is likely to promote innovation in aerospace and defence PCB manufacturing, propelling the market over the forecast period.
The global aerospace and defense PCB market 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 global aerospace & defense PCB market size is expected to reach $1.49 billion in 2027 at a CAGR of 2.9%.
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Global Aerospace And Defense PCB Market Segments Include:
- By Type: Single Sided, Double Sided, Multilayer
- By Design: Rigid PCB, Flexible PCB, Rigid-Flex PCB, High-Density Interconnect
- By Aircraft: Narrow-body Aircraft, Wide-body Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, UAV, Spacecraft
- By Application: Radar Installations, Power Supplies, Power Conversion, Radio Communication, Lighting, Engine Control Systems, Other Applications
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global aerospace and defense PCB market in 2021.
Major Market Players in the aerospace and defense PCB market include Epec Engineered Technologies LLC, Amitron Corporation, Corintech Ltd., Delta Circuits Inc., TTM Technologies Inc., Advanced Circuits, APCT Inc., SCHMID Group, Technotronix.
The rising demand for commercial and military unmanned aerial vehicles (UAVs) is likely to drive the growth of the aerospace and defence PCB market in the coming years. Military drones, commonly known as unmanned aerial vehicles (UAVs), are unmanned aerial aircraft manufactured and utilised by the military for a number of objectives. These unmanned aerial vehicles (UAVs) can be remotely piloted or flow independently utilising pre-programmed flight plans or artificial intelligence. Aerospace and defence printed circuit boards (PCBs) are crucial in the design and construction of military unmanned aerial vehicles (UAVs), allowing these advanced systems to operate safely and reliably in the most demanding conditions and missions. According to Skykam Technical Inspections, a UK-based drone solutions firm, the worldwide drone industry will be valued $43 billion in December 2022, with personal drones accounting for 94% of unit sales in the drone. Furthermore, according to the Federal Aviation Administration, there will be 855,860 registered drones in the United States in 2023, propelling the growth of the aerospace and defence PCB market in the future.
The Aerospace And Defense PCB Global Market Report 2023 provides a aerospace and defense PCB market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aerospace and defense PCB market forecast analyzes aerospace and defense PCB market size, aerospace and defense PCB market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Defence and aerospace PCBs (Printed Circuit Boards) are specialised circuit boards used in aerospace and defence applications. These PCBs are designed to meet the aerospace and defence industries’ unique criteria and standards. PCBs are used in flight control systems, communication systems, and navigation systems in aerospace and defence.
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