Global Radiation Hardened Electronics Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
9 May, 2023
The global radiation-hardened electronics market size is expected to grow from $1.61 billion in 2022 to $1.69 billion in 2023 at a compound annual growth rate (CAGR) of 4.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The radiation-hardened electronics market size is expected to grow to $1.95 billion in 2027 at a CAGR of 3.6%.
Global Radiation Hardened Electronics Market Key Driver
The increasing number of satellites is expected to propel the growth of the radiation-hardened electronics market going forward. A satellite is a tool that is launched into space to orbit the Earth and collect data. Rad-hard electronics can withstand extreme radiation and temperatures better than commercial-grade chips, which makes them suitable for space environments and are preferred to be used in satellites by space agencies, private spaceflight companies, and others.
Get a Sample of the global radiation hardened electronics market reportGlobal Radiation Hardened Electronics Market Segments
The global radiation hardened electronics market is segmented:
1) By Product Type: Commercial-Off-The-Shelf (COTS), Custom Made
2) By Manufacturing Technique: Rad-Hard By Process, Rad-Hard By Design, Rad-Hard By Software
3) By Component: Power Management, Application Specific Integrated Circuit, Logic, Memory, Field-Programmable Gate Array, Other Components
4) By Application: Space Satellites, Commercial Satellites, Military, Aerospace and Defense, Nuclear Power Plants, Other Applications
5) By Geography: The regions covered in the radiation hardened electronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global radiation hardened electronics market.
Major Radiation Hardened Electronics Industry Players
Microchip Technology Inc., BAE Systems, Renesas Electronics Corporation, Infineon Technologies AG, STMicroelectronics, Xilinx Inc., Texas Instruments Incorporated, Honeywell International Inc.
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Radiation Hardened Electronics Market Overview
Radiation-hardened electronics or rad-hard electronics are single-board computer central processing units (CPUs), and sensors that have been designed and produced to be less prone to damage from exposure to radiation and exceptionally elevated temperatures. It is a process of making a component or a system resistant to the damages that can be caused by cosmic rays, ionizing and other electromagnetic radiations.
Radiation Hardened Electronics Global Market Report 2023 provides data on the global radiation hardened electronics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The radiation hardened electronics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.