Board Mounted Transformer in Aerospace Defense Market Analysis

Global Board Mounted Transformer in Aerospace & Defense Market Overview

Board Mounted Transformer in Aerospace & Defense Market Size was valued at USD 1,824.4 million in 2022. The Board Mounted Transformer in Aerospace & Defense Market industry is projected to grow from USD 1,903.2 million in 2023 to USD 2,648.4 million by 2030, exhibiting a compound annual growth rate (CAGR) of 4.83% during the forecast period (2023 - 2030). Growing commercial and regional aircraft deliveries with expected growth in air passenger along with air cargo traffic, is driving the market. 

Furthermore, the trend of electric aircraft leads to a gradual shift from traditional mechanical along with pneumatic systems for advanced electrical systems fueling the demand for the board mounted transformer in aerospace and defense market. Growing trend towards electric craft, which has low emissions and also offers fuel savings. This has led to a rise in the penetration of various electronic components on board planes, thus fueling the demand for board mounted transformer in aerospace and defense market. Technological advancements in the design of board mounted transformer are also one of the major factors driving the market.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Board Mounted Transformer in Aerospace & Defense Market Trends

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  Increasing demand for board mounted transformers in the aerospace and defense industry

  
  

Growing commercial, as well as regional aircraft deliveries with an expected rise in air passenger as well as air cargo traffic, is driving the market. Moreover, the trend of electric aircraft is leading to a gradual shift from conventional mechanical as well as pneumatic systems to advance electrical systems boosting the demand for the board-mounted transformer in the aerospace and defense market. For instance, Thales group has replaced conventional pneumatic as well as hydraulic circuits with compact and light electrical circuits in the advanced aircraft platform of Boeing B787, thereby creating space for electronic components such as board mounted transformers. Furthermore, there is a shifting trend towards electric craft, which has lesser emissions as well as offers significant fuel savings. This leads to an increase in penetration of different electronics components on board in a plane, thus boosting the demand for board mounted transformers in the aerospace and defense market.

Technological advancements in the design and manufacturing of board mounted transformers

Conventional printed circuit board (PCB) production relies on energy intensive as well as high-emission processes that involve epoxy, copper, resin, water, and glass fiber. With the adoption rate of defense and aerospace PCBs for various applications amid high demand for process automation, the future defense and aerospace operational needs require highly reliable, complex, and high performance along with advanced multi-layered PCB solutions for applications such as control systems as well as other defense applications. Armed forces across the world are working with domestic and global defense and aerospace manufacturers for designing, developing, manufacturing, and facilitating PCBs certified under the stringent certification set by armed forces. This standard focus to yield high performance, failure risk reduction as well as high reliability.

Increasing demand for commercial and military UAVs

Rising demand for small UAVs for military and commercial applications such as situations, aerial photography, law & enforcement, situation awareness, disaster management, research & development, and relief & rescue is expected to boost the market. Unmanned aerial vehicles are used for quasi-static positioning of the next generation in 3-dimension space having excellent precision. In windy conditions, UAVs allow accurate flight operations along with control in messy conditions making them able to fly maneuverable as well as at low speeds. There is a rising trend in deploying UAVs (drones) for commercial as well as military applications that are based on remote sensing tasks.

Board Mounted Transformer in Aerospace & Defense Market Segment Insights

Board Mounted Transformer in Aerospace & Defense by Type Insights

The Board Mounted Transformer in Aerospace & Defense Market segmentation, based on Type has been segmented as Toroidal Transformers, Flyback, Other. Among these, the Toroidal Transformers segment is projected to dominate the Board Mounted Transformer in Aerospace & Defense Market revenue through the projected period. Toroidal transformers are a type of transformers commonly used in board-mounted applications within the Aerospace & Defense market. These transformers are characterized by their toroidal (doughnut-shaped) core, which consists of a continuous loop of magnetic material. This design offers several advantages, including compact size, low electromagnetic interference, and high efficiency.

Board Mounted Transformer in Aerospace & Defense by Application Insights

Based on Application, the Board Mounted Transformer in Aerospace & Defense Market is segmented as Aircraft, Missile and Others. Out of which the Aircraft segment dominated base year market and is also projected to dominate the Board Mounted Transformer in Aerospace & Defense Market revenue through the projected period. The aircraft application in the global board-mounted transformer in the aerospace and defense market refers to the utilization of board-mounted transformers in various aircraft systems. These transformers play a crucial role in converting electrical energy to the required voltage levels, enabling the efficient operation of critical aircraft components and systems. There are several drivers contributing to the increased demand for board-mounted transformers in the aerospace and defense sector. The growing adoption of advanced avionics and electronic systems in modern aircraft necessitates the use of compact and reliable transformers.

Board Mounted Transformer in Aerospace & Defense by Voltage Insights

The Board Mounted Transformer in Aerospace & Defense Market segmentation, based on Voltage has been segmented as Low Voltage, Medium Voltage, High Voltage. Among these, the High Voltage segment is projected to dominate the Board Mounted Transformer in Aerospace & Defense Market revenue through the projected period. In the global board-mounted transformer market in aerospace and defense market, high voltage refers to transformers designed to handle extremely high voltage levels, typically above 3,000 volts. These transformers are critical for applications that require substantial power transmission and distribution within aircraft, missiles, satellites, and other defense systems.

Board Mounted Transformer in Aerospace & Defense Regional Insights

Based on Region, the Board Mounted Transformer in Aerospace & Defense market is segmented into North America, Europe, Asia Pacific and RoW. The Asia-Pacific Board Mounted Transformer in Aerospace & Defense market held the maximum market share and is also expected to account for a significant revenue share during the forecast period. The Asia-Pacific board-mounted transformer in aerospace and defense market is experiencing rapid expansion in the aerospace and defense sector, driven by various notable activities. One specific product gaining traction in this region is the planar transformer. Planar transformers offer compact size, high power density, and improved thermal dissipation, making them ideal for aerospace and defense applications with space constraints. Companies in Asia-Pacific are actively engaged in research and development to enhance the efficiency and performance of planar transformers.

Board Mounted Transformer in Aerospace & Defense Key Market Players & Competitive Insights

Key market players are emphasizing significantly on R&D for increasing their product offerings, which will further help the Board Mounted Transformer in Aerospace & Defense Market to grow considerably. Market players are adopting several business development strategies such as acquisitions, mergers, collaborations, and partnerships to enhance their market presence and acquire a larger customer base. To survive in the competitive market, industry players must provide cost effective products.

The Board Mounted Transformer in Aerospace & Defense market is very competitive with market players trying to develop unique and innovative products and solutions, which could render the competitors’ offerings obsolete. The competitive environment is likely to grow further owing to rising technological advancements. Some of the key players operating in the Board Mounted Transformer in Aerospace & Defense Market are Schott Magnetics, STC, Incorporated, Creative Hi-Tech Ltd., Pacific Transformer, Miracle Electronics, Lenco Electronics, E Craftsmen Corporation, Galaxy Transformers, Standex Electronics, Inc, Custom Coils, Gowanda electronics, Bel Fuse Inc. To increase their global reach and client base, key firms are concentrating on acquisitions and product innovation.

Schott Magnetics:SCHOTT produces and designs top-notch transformers, inductors, and magnetic components tailored to meet the unique requirements of its customers. Its expertise lies in manufacturing these products for diverse industries both in the United States and internationally. The company serves markets such as industrial and commercial sectors, telecommunications, energy, aerospace, medical, and defense. SCHOTT goes beyond being a mere supplier by actively collaborating with its customers in the product development process, effectively becoming an extension of their manufacturing operations.

STC, Incorporated:STC manufactures electronic components for a variety of industries, including aerospace, defense, medical, and industrial. The company has a long history of innovation and customer service and is committed to providing high-quality products and solutions to its customers. Furthermore, STC, Incorporated's board mounted transformers are designed to meet the demanding requirements of aerospace and defense applications. They are manufactured using high-quality materials and processes and are subjected to rigorous testing to ensure compliance with all relevant standards. STC, Incorporated's board mounted transformers are used by a wide range of customers, including major aerospace and defense contractors, as well as original equipment manufacturers (OEMs).

Key Companies in the Board Mounted Transformer in Aerospace & Defense Market includes.

• Schott Magnetics (US)


• STC, Incorporated (US)


• Creative Hi-Tech Ltd. (US)


• Pacific Transformer (US)


• Miracle Electronics (India)


• Lenco Electronics (US)


• E Craftsmen Corporation (Canada)


• Galaxy Transformers (US)


• Standex Electronics, Inc (US)


• Custom Coils (US)


• Gowanda electronics (US)


• Bel Fuse Inc. (US)

Board Mounted Transformer in Aerospace & Defense Industry Developments

June 2023:SCHOTT Magnetics introduces nanocrystalline cores as a new option for current transformers. These cores provide numerous benefits compared to conventional cores made from amorphous alloys or laminated silicon steel. With their remarkable attributes such as high permeability, exceptional temperature stability, minimal losses, and compact dimensions, nanocrystalline cores enable the creation of precise, efficient, and space-saving current transformers.

August 2020:Magnetics is broadening its range of nanocrystalline products to cater to diverse applications. These expansions include AC Current Transformers, Zero Phase Current Transformers, DC Immunity Current Transformers, and Hall Effect Sensors featuring cut current transformer cores. The enhanced product line ensures greater versatility and efficiency in meeting the specific requirements of these applications.

Board Mounted Transformer in Aerospace & Defense Market Segmentation

Board Mounted Transformer in Aerospace & Defense Type Outlook

• Toroidal Transformers


• Flyback


• Others

Board Mounted Transformer in Aerospace & Defense Application Outlook

• Aircraft


• Missiles


• Others

Board Mounted Transformer in Aerospace & Defense Voltage Outlook

• Low Voltage


• Medium Voltage


• High Voltage

Board Mounted Transformer in Aerospace & Defense Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• Europe
  
  
  
  • UK
  
  
  • Germany
  
  
  • France
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America