Research and Markets has included a new report titled ‘2012 Semiconductors in Military and Aerospace Electronics’ to its catalogue.
This update is the 2012 annual market report from Databeans for semiconductors utilized in military and aerospace, which are reckoned as a single sub segment in the broader industrial electronics application. This report covers this sub segment in detail by providing information pertaining to shipment volumes and sales by region, individual products, applications and supplier share.
According to the report, the market for semiconductors in the military and aerospace industry is expected to decrease a little in 2012 to just below $2.9 billion worldwide when compared to the 2011 value. This decline is mainly because of the latest budget cuts and the resulting industry consolidation. Nevertheless, the report predicts a 4% modest growth over the coming five years. COTS products will witness the fastest adoption rates in the military and aerospace industry, with 6% CAGR over the coming five years.
Shorter business cycles, more focus on consistency, and the ability to run within government budget constraints are some of the key long-term market trends in this sub segment. These trends will have positive impact on the rising demand for commercial off-the-shelf or COTS solutions, wherein end customers procure and modify a system rather than purchase the custom components to develop that same system. The use of COTS facilitates OEMs to bring their latest equipment technologies rapidly to the field as well as decrease expenses associated with research and development and testing.
There was dramatic change in market strategies for military and aerospace suppliers in the last one year alone. For the commercial aerospace market, manufacturers are more focused on expanding their production capabilities to fulfill the increasing requirement for commercial airliners. In the meantime, shortage in new government funded initiatives has impacted the research and development investments for military defense suppliers. This is combined with the US government’s focus on intelligence gathering, surveillance and unmanned vehicles.
Source: http://www.researchandmarkets.com