The Semiconductor Market in Military and Aerospace is set to expand by USD 3.02 billion, achieving a CAGR of 5.56% between 2023 and 2028, according to Technavio. A key driver of this growth is the continuous modernization of aircraft, which necessitates the adoption of advanced electronic components. Additionally, the increasing use of electronics in military applications such as surveillance and communication systems is contributing to market growth. The rise in military expenditure aimed at enhancing defense capabilities across various nations also plays a crucial role. The report provides a comprehensive analysis of market drivers, challenges, and trends, as well as historical data from 2018 to 2022.

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