The U.S. & U.K. aerospace and defense PCB market size was USD 1.85 billion in 2021. The market size is expected to rise from USD 1.87 billion in 2022 to USD 3.03 billion by 2029 at a CAGR of 7.10% during the forecast period. Fortune Business Insights™ provides this information in a report titled, “”U.S. & U.K. Aerospace and Defense PCB Market, 2022-2029″”. As per the study, the market is expected to grow during the projected period due to increasing demand for commercial and military UAVs and advancements in remote sensing and ADS-B transponders.

COVID-19 Impact:

Halt On Electronic Manufacturing Amid Pandemic Hampered the Market Growth

The outbreak of COVID-19 pandemic has severely affected the defense and aerospace industry. The market was affected due to lack of defense electronics and restrictions imposed on supply and manufacturing operations. Supply chain disruptions affected the market growth during the pandemic, which caused a huge loss for the companies operating in the industry.

Get a Sample Report

https://www.fortunebusinessinsights.com/enquiry/sample/u-s-u-k-aerospace-and-defense-pcb-market-106765

Ukraine-Russia War Crisis:

The Russia-Ukraine war affected the defense sector in the U.S. and U.K. The shortage of semiconductors amid the pandemic created a huge impact in Europe. This created numerous security crises as semiconductors supplies were majorly imported from Ukraine & Russia. These supplies are used in developing aerospace and defense PCBs and electronics boards such as noble gases, neon, and palladium.

Segmentation:

Multilayer Segment Leads the Market Due to Increasing Demand for High-Performance PCB

Based on type, the market is trifurcated into single-sided, double-sided, and multilayer. The multilayer segment is anticipated to lead the market due to the increasing demand for reliable and high-performance PCBs in aerospace and defense applications.

High-Density Interconnect Segment to Dominate the Market

By design, the market is segmented into rigid, flexible, rigid-flex, High-Density Interconnect (HDI), and others. High-Density Interconnect (HDI) segment is projected to grow at a fast during the forecast period. Increasing adoption of PCBs in hypersonic missiles and unmanned systems is expected to drive the segment growth.

Inquire Before Buying Report

https://www.fortunebusinessinsights.com/enquiry/queries/u-s-u-k-aerospace-and-defense-pcb-market-106765

 

Non-metal Segment to Propel Growth Due to Rising Demand for Polymer-core PCBs 

On the basis of material, the market bifurcated into metal and non-metal. The non-metal segment is expected to hold the largest market share due to increasing demand for commercial, space, and defense applications for polymer-core PCBs.

Space Segment to Grow Rapidly During the Projected Period

According to platform, the market is categorized into airborne, ground, naval, and space. The space segment is anticipated to exhibit a higher growth rate in the coming years due to increasing demand for space-based applications in several countries.

Lighting Segment to Grow at a Substantial CAGR During the Projected Period

As per application, the market is classified into communication, navigation, lighting, weapon systems, power supply, command and control systems, and others. The lighting segment is expected to witness the highest growth at a CAGR of 7.64% during the forecast period. Rising demand for metal-core PCBs in defense systems and subsystems is expected to fuel the segment growth.

Regionally, the market is studied across the U.S. and the U.K.

Report Coverage:

The research report sheds light on factual data and in-depth market analysis is provided further regarding recent developments and trends in the industry. Also, the impact of COVID-19 pandemic and Russia-Ukraine war crisis on the market growth is discussed in this report. Drivers and restraints affecting market growth and expansion during the forecast period are given, along with the regional insights on segmented market areas. Furthermore, a list of key market players is mentioned further in this report.

Speak to Analyst

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/u-s-u-k-aerospace-and-defense-pcb-market-106765

 

Drivers & Restraints:

Rising Demand for Military & Commercial UAVs to Bolster Market Growth

The market is expected to grow significantly during the forecast period owing to the rising demand for military and commercial UAVs and the development of remote sensing and advanced ADS-B transponder technologies. Also, the increasing adoption of glass cockpits due to PCB’s surging demand is anticipated to fuel the market growth. These factors are expected to ensure the U.S. & U.K. aerospace and defense PCB market growth.

However, increased material and labor costs may hinder the market growth during the forecast period.

Regional Insights:

U.S. Holds the Highest Market Share Due New Launches Introduced by Regional Players 

The U.S. dominates the U.S. & U.K. aerospace and defense PCB market share and is expected to grow significantly during the forecast period. The regional market stood at USD 1.55 billion in 2021. The growth is attributed to increasing demand for PCBs and new launches introduced by the key market players.

The U.K. is projected to grow quickly in the coming years due to rising activities and demand for aerospace and defense PCBs. New advancements and collaborations among key players will drive the regional market.

Competitive Landscape:

Key Players Form Merger Agreements to Strengthen their Market Position

The key market players focus on adopting recent strategies to expand their business reach and improve performance. Major players consider forming merger agreements to acquire definitive capital investment from the supporting organizations. Implementing these strategies allow key market players to propel growth.

Get a Customized Report

https://www.fortunebusinessinsights.com/enquiry/customization/u-s-u-k-aerospace-and-defense-pcb-market-106765

 

Key Industry Development:

  • March 2021: SMTC Corporation announced that its stakeholders are anticipated to adopt the definitive merger agreement under which H.I.G. Capital will be completing its investment in SMTC Corporation.

List of Key Players Profiled in the Report:  

  • Epec Engineered Technologies LLC (U.S.)
  • Amitron Corporation (U.S.)
  • TechnoTronix Inc. (U.S.)
  • Advanced Circuits Inc.(U.S.)
  • Corintech Ltd. (U.K.)
  • Delta Circuits Inc. (U.S.)
  • SMTC Corporation (Canada)
  • Sanmina Corporation (U.S.)
  • IEC Electronics Corporation (U.S.)
  • Firan Technology Group Corporation (Canada)
  • Amphenol Printed Circuits Inc. (U.S.)
  • TTM Technologies Inc. (U.S.)
  • APCT Inc. (U.S.)

 

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Address:

Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –

Mahalunge Road, Baner, Pune-411045,

Maharashtra, India.

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: [email protected]

LinkedIn Facebook Twitter

 

By Emelia Murison

Emelia Murison is a freelance writer and editor with a passion for innovation and technology. She covers breaking industry news, #SpaceForGood, and product reviews for the group. She also provides copywriting services to startups around the world – one of which introduced her to the world of Aerospace.