Global Radiation-Hardened Electronics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Radiation-Hardened Electronics Market: Overview
"The Radiation-Hardened Electronics Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Radiation hardened is a process of making systems resistant and to protect electronic components from the damage by ionizing and high-energy radiation in the various manufacturing systems.
Global Radiation-Hardened Electronics Market: Dynamics
Rising demand for radiation-hardened systems in power management devices is expected to boost global market growth over the forecast period. Increasing adoption of various types of radiation-hardened electronic components such as a transistor, MOSFETs, and diode in various defense and space applications are some of the key factors expected to bolster growth of the target market over the forecast period.
In addition, rising demand for communication satellite for multicore processor technology, ISR (Intelligence, Surveillance, and Reconnaissance) operations, and FPGA advancements is anticipated to bolster target market subsequently over the forecast period.
However, the high cost of the component is a major factor which may hamper demand for radiation-hardened electronics and restrain growth of the global market over the forecast period. Also, the development of small satellites with small life cycle also hamper adoption and restrain growth of the target market to a certain extent.
Global Radiation-Hardened Electronics Market: Segment Analysis
Among the application, the space segment is expected to account for the highest growth in the global radiation-hardened electronics market, as it bolsters communication activities through satellite for security.
Among the material, the silicon segment is expected to account for the highest growth in the global radiation-hardened electronics market, as it provides low thermal conductivity.
Global Radiation-Hardened Electronics Market: Region Analysis
The market in North America accounted for the highest revenue share in the global market followed by the market owing to a large number of radiation-hardened electronics component manufacturers in the region. The Europe radiation-hardened electronics market is also contributing second-highest share in the global market owing to the adoption of technologically advanced target products for various space-related devices.
The market in the Asia Pacific is expected to register significant growth in terms of CAGR in the global market, owing to increasing space and research and development activities in countries such as China and India in the region.
Markets in Middle East & Africa and Latin America, are expected to witness moderate growth in revenue, owing to increasing support by governments for adopting and developing advanced radiation-hardened electronics devices in these regions.
Global Radiation-Hardened Electronics Market Segmentation:
Segmentation by Product Type:
- Commercial-Off-The-Shelf (Cots)
Segmentation by Material:
- Silicon Carbide
- Gallium Nitride
- Hydrogenated Amorphous Silicon
Segmentation by Application:
- Aerospace & Defense
- Nuclear Power Plant
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Xilinx, Inc.
- Microchip Technology Inc.
- Maxwell Technologies, Inc.
- Intersil Corporation
- Linear Technology Corporation
- BAE Systems PLC
- Microsemi Corp.
- Microelectronics NV
- Honeywell Aerospace
- Texas Instruments, Inc.
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