The global military/aerospace PCB market is projected to reach $3.1 billion by 2028, at a CAGR of 5% during 2023-2028. The growth of military/aerospace PCB market is driven by growing demand for commercial and regional UAVs, a gradual shift from traditional mechanical to modern electrical systems in the aerospace industry, and increasing trend towards electric aircraft.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the military/aerospace PCB market by aircraft (commercial aircraft, general aviation, helicopters, military aircraft, UAV, and spacecraft), application (radar installations, power supplies, power conversion, radio communication, lighting, engine control systems, and others), design (rigid PCB, flexible PCB, rigid-flex PCB, high-density interconnect, and others), product (single-sided PCB, double-sided PCB, and multi-layered PCB), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the military/aerospace PCB market?
Q.4 What are some changing demands of customers in the military/aerospace PCB market?
Q.5 What are the new developments in the military/aerospace PCB market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this military/aerospace PCB area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this military/aerospace PCB market?
Market Segmentation:
Based on aircraft, the military/aerospace PCB market is segmented into commercial aircraft, general aviation, helicopters, military aircraft, UAV, and spacecraft. The commercial aircraft segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growing trend towards miniaturization of electronic devices and increasing demand for lightweight and durable components.
North America will remain the largest region due to increasing number of commercial and regional aircraft deliveries and the presence of major aircraft OEMs in the region.
Key Players in the military/aerospace PCB market are Amitron, Corintech, Delta Circuits, NexLogic, and Excello Circuits.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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