Military/Aerospace PCB Market: Trends, Opportunities and Competitive Analysis [2023-2028]

Trends, opportunities, and forecast for the global military/aerospace PCB market from 2017 to 2028 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)

Publisher: Lucintel Published: May 2023
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Military/Aerospace PCB Market: Trends, Opportunities and Competitive Analysis [2023-2028]

Report Feature

Military/Aerospace PCB Market Trends and Forecast

The future of the global military/aerospace PCB market looks promising with opportunities in radar installation, power supply, power conversion, radio communication, lighting, and engine control system applications. The global military/aerospace PCB market is expected to reach an estimated $3.1 billion by 2028 with a CAGR of 5% from 2023 to 2028. The major drivers for this market are 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.
Military/Aerospace PCB Market by Aircraft, Application, Design, and Product
A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below. 
Military/Aerospace PCB Market by Segments

Military/Aerospace PCB Market by Segment

The study includes trends and forecast for the global military/aerospace PCB market by military/aerospace PCB market by aircraft, application, design, product, and region, as follows:

Military/Aerospace PCB Market by Aircraft [Value ($B) Shipment Analysis from 2017 to 2028]:

Military/Aerospace PCB Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Radar Installations
  • Power Supplies
  • Power Conversion
  • Radio Communication
  • Lighting
  • Engine Control Systems
  • Others

Military/Aerospace PCB Market by Design [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Rigid PCB
  • Flexible PCB
  • Rigid-Flex PCB
  • High-Density Interconnect
  • Others

Military/Aerospace PCB Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Single-Sided PCB
  • Double-Sided PCB
  • Multi-Layered PCB

Military/Aerospace PCB Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Military/Aerospace PCB Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, military/aerospace PCB companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the military/aerospace PCB companies profiled in this report include- 

Military/Aerospace PCB Market Insights

  • Lucintel forecasts that commercial aircraft will remain the largest aircraft segment over the forecast period due to the growing trend towards miniaturization of electronic devices and increasing demand for lightweight and durable components.
  • Radar installation is expected to witness the highest growth due to the growing demand for airborne surveillance that provides assistance to commando forces and enhances border security.
  • 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.

Features of the Military/Aerospace PCB Market

  • Market Size Estimates: Military/aerospace PCB market size estimation in terms of value ($B)
  • Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Military/aerospace PCB market size by various segments, such as by aircraft, application, design, product, and region
  • Regional Analysis: Military/aerospace PCB market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different aircraft, applications, designs, products, and regions for the military/aerospace PCB market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the military/aerospace PCB market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the military/aerospace PCB market size?
Answer: The global military/aerospace PCB market is expected to reach an estimated $3.1 billion by 2028.
Q2. What is the growth forecast for military/aerospace PCB market?
Answer: The global military/aerospace PCB market is expected to grow with a CAGR of 5% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the military/aerospace PCB market?
Answer: The major drivers for this market are 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.
Q4. What are the major segments for military/aerospace PCB market?
Answer: The future of the military/aerospace PCB market looks promising with opportunities in radar installation, power supply, power conversion, radio communication, lighting, and engine control system applications.  
Q5. Who are the key military/aerospace PCB companies?
Answer: Some of the key military/aerospace PCB companies are as follows:
  • Amitron
  • Corintech
  • Delta Circuits
  • NexLogic
  • Excello Circuits
Q6. Which military/aerospace PCB segment will be the largest in future?
Answer: Lucintel forecasts that commercial aircraft will remain the largest aircraft segment over the forecast period due to the growing trend towards miniaturization of electronic devices and increasing demand for lightweight and durable components.
Q7. In military/aerospace PCB market, which region is expected to be the largest in next 5 years?
Answer: 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.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

Table of Contents

1. Executive Summary
4.1 Global Military/Aerospace PCB Market by Region

Methodology

Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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Key Questions

  • What are some of the most promising, high-growth opportunities for the global 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)?
  • Which segments will grow at a faster pace and why?
  • Which region will grow at a faster pace and why?
  • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
  • What are the business risks and competitive threats in this market?
  • What are the emerging trends in this market and the reasons behind them?
  • What are some of the changing demands of customers in the market?
  • What are the new developments in the market? Which companies are leading these developments?
  • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
  • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
  • What M&A activity has occurred in the last five years and what has its impact been on the industry? For any questions related to military/aerospace market or related to military/aerospace companies, military/aerospace market size, military/aerospace market share, military/aerospace analysis, military/aerospace market growth, military/aerospace market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
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