Global Radiation Hardened Electronics Market Size To Exceed USD 2.76 Billion By 2033 | CAGR Of 5.6%
Category: Semiconductors & ElectronicsGlobal Radiation Hardened Electronics Market Size To Exceed USD 2.76 Billion By 2033
According to a research report published by Spherical Insights & Consulting, The Global Radiation Hardened Electronics Market Size Expected to Grow from USD 1.6 Billion in 2023 to USD 2.76 Billion by 2033, at a CAGR of 5.6% during the forecast period 2023-2033.
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Browse key industry insights spread across 255 pages with 121 Market data tables and figures & charts from the report on the "Global Radiation Hardened Electronics Market Size, Share, and COVID-19 Impact Analysis, By Component (Mixed Signal ICs, Processors & Controllers, Memory, and Power Management), By Manufacturing Technique (Radiation Hardening By Design (RHBD) and Radiation Hardening By Process (RHBP)), By Product Type (Commercial Off-the-Shelf and Custom Made), By Application (Aerospace & Defense, Medical, Nuclear Power Plants, Space, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/radiation-hardened-electronics-market
The term radiation-hardened electronics refers to a variety of electronic components, packages, and products that are mainly used for high-altitude purposes. The focus on performance, reliability, and affordability improvement of these highly specialized components opens new opportunities in aerospace, defense, nuclear power plants, and healthcare sectors. The continued developments in materials science, design techniques, and testing methodologies enhance the performance and reliability of radiation-hardened electronics. The technology improves these components' affordability and their applicability to a wide range of applications. The increasing consumer interest in electronics, and safe and reliable electronics, like radiation-hardened components, is likely to increase the growth prospects of the market. However, end-user concentration is high in space, aerospace and defense, and nuclear power plants. These sectors rely highly on radiation-hardened electronics due to the extreme exposure they receive in radiation. The space industry is very reliant on radiation-hardened electronics for satellites exposed to high levels of radiation in orbit and impact electronic materials.
The power management segment accounted for the largest share in 2023 and is projected to grow at a significant CAGR during the forecast period.
On the basis of component, the global radiation hardened electronics market is classified into mixed signal ICs, processors & controllers, memory, and power management. Among these, the power management segment accounted for the largest share in 2023 and is projected to grow at a significant CAGR during the forecast period. The segment growth is because of their significant contribution to enabling electronics systems in harsh radiation conditions to function properly. Radiation hardening is mandatory for power management components as it forms an essential component in handling the lifetime and stability of the system, more particularly in the defense and space areas where abrupt variations in power could lead to failure disasters.
The radiation hardening by design (RHBD) segment accounted for a highest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
On the basis of manufacturing technique, the global radiation hardened electronics market is classified into radiation hardening by design (RHBD) and radiation hardening by process (RHBP). Among these, the radiation hardening by design (RHBD) segment accounted for a highest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth of segments is driven as RHBD-based memory cells on transistor chips provide greater reliability and efficiency, greater stability under stress, and also consume less power. RHBD cells minimize radiation-sensitive parts because of the availability of source isolation technology, boosting the strength and radiation hardness of electronic parts to a higher degree.
The commercial off-the-shelf segment accounted for the largest market share in 2023 and is expected to grow at a substantial CAGR during the forecast period.
On the basis of product type, the global radiation hardened electronics market is classified into commercial off-the-shelf and custom made. Among these, the commercial off-the-shelf segment accounted for the largest market share in 2023 and is expected to grow at a substantial CAGR during the forecast period. The growth in segments due to radiated hardened electronics are increasingly accepted by commercial small satellites and also military satellites. This can be achieved through using commercial-off-the-shelf devices as their functionality can easily be replaced using pin out compatible ceramic packages.
The space segment accounted for the largest share and is anticipated to grow at the remarkable CAGR during the forecast period.
On the basis of application, the global radiation hardended electronics market is divided into aerospace & defense, medical, nuclear power plants, space, and others. Among these, the space segment accounted for the significant share and is anticipated to grow at the remarkable CAGR during the forceast period. The growth is fueled by the critical need for reliable electronics that can withstand extreme space radiation levels. The trend is driven by the increasing number of space missions, satellite launches, and exploration activities, which makes the space sector the largest and fastest-growing segment in the market.
North America is anticipated to hold the largest share of the global radiation hardended electronics market during the forecast period.
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North America is anticipated to hold the largest share of the global radiation hardended electronics market during the forecast period. Regional growth is led by heavy investment in space exploration, defense, and aerospace. The region’s increased need for sophisticated electronics in high-level applications, such as satellite technologies and military systems, indicates that it dominates the market. In addition, the recent developments in the radiation-hardened electronics market, such as advancements in R&D infrastructure and supportive government policies, further support the expansion of the regional market, making North America a key player in the global market dynamics.
Asia Pacific is expected to grow at the fastest CAGR in the global radiation hardended electronics market during the forecast period. Countries like China, India, and Japan are heavily investing in space exploration and satellite technology, and the accelerated increase in their military capabilities through advanced missile systems, UAVs, and other critical defense electronics is further fueling the market expansion.
Major vendors in the global radiation hardened electronics market Honeywell International Inc., Advanced Micro Devices, Inc., BAE Systems., STMicroelectronics, Infineon Technologies AG, Texas Instruments Incorporated, Microchip Technology Inc., Renesas Electronics Corporation., Teledyne Technologies Incorporated., TTM Technologies Inc., and Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In June 2024, Infineon Technologies AG announced the availability of its newly launched radiation-hardened 1 and 2 Mb parallel interface ferroelectric-RAM (F-RAM) nonvolatile memory devices. This new addition to Infineon's product portfolio exhibits excellent endurance and reliability, with up to 120 years of data retention at 85°C. It is ideally developed for space-based applications.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global radiation hardened electronics market based on the below-mentioned segments:
Global Radiation Hardened Electronics Market, By Component
- Mixed Signal ICs
- Processors & Controllers
- Memory
- Power Management
Global Radiation Hardened Electronics Market, By Manufacturing Technique
- Radiation Hardening By Design (RHBD)
- Radiation Hardening By Process (RHBP)
Global Radiation Hardened Electronics Market, By Product Type
- Commercial off-the-Shelf
- Custom Made
Global Radiation Hardened Electronics Market, By Application
- Aerospace & Defense
- Medical
- Nuclear Power Plants
- Space
- Others
Global Radiation Hardened Electronics Market, Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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