Radiation Hardened Electronic Devices and Components Market Size is Expected to Reach $2.2 billion By 2030: IndustryARC

The Global Radiation Hardened Electronic Devices and Components Market size is predicted to reach $2.2 billion by 2030, growing at a CAGR of 4.2% during the forecast period 2023-2030, according to the latest market research report published by IndustryARC. The increasing demand for Radiation Hardened Electronic Devices and Components owing to the rising surge in space, aeronautics and nuclear industries are expected to propel the Market growth, finds IndustryARC in its recent report, titled “Radiation Hardened Electronic Devices and Components Market Size, Share & Trends Analysis Report By Product(Power Management, PowerMOSFET, Power GaN FET), By Voltage(Low Voltage (<100V), Medium Voltage (100-500V), High Voltage (500-1kV), Very High Voltage (1kV+)), By End-Use Industry(Aerospace, Military, Space[Satellites, Spacecraft], Nuclear, Medical, Consumer Electronics, Others), By Geography and Segment Forecasts, 2023–2030”

Request Sample Research Report:

https://www.industryarc.com/pdfdownload.php?id=168

APAC Register Highest Growth:

The Asia-Pacific region, and China in particular, has been making significant strides in space exploration and satellite technology. The Chinese space agency, private companies, and military applications all contribute to the demand for radiation-hardened electronic components.

Radiation Hardened Electronic Devices and Components Market 2023-2030: Scope of the Report

Get Access to Full Research Report:

https://www.industryarc.com/Report/168/radiation-hardened-electronic-device-market-analysis-and-forecast.html

 Radiation Hardened Electronic Devices and Components Market Report – Key Takeaways:

•   Power Management Dominates the Market

Power Management segment in product type dominated the market with a market share of approximately 60% in 2022, driven by several factors, including the increasing demand for radiation-hardened electronics in commercial satellites. The proliferation of intelligence, surveillance, and reconnaissance (ISR) activities worldwide and the increasing use of electronic systems that can withstand severe nuclear environments further drive market in electronics industry. Microchip Technology Inc. announced the launch of new commercial off-the-shelf (COTS) RT Super Flash devices for defense and aerospace applications in April 2022. These devices feature Microchip memory technology’s 50-kilorad total ionizing dose tolerance in a 64-Mbit serial quad I/O NOR flash memory device.

• Medical Industry to Register Highest Growth

Medical Industry to register highest growth with a CAGR of 6.8% during the forecast period. These are crucial in the medical end-use industry. These components play a vital role in diagnostic and therapeutic equipment that requires resistance to ionizing radiation, such as X-rays and gamma rays. As medical technology advances, radiation-hardened electronic components are increasingly used in emerging fields like radiopharmaceuticals, personalized medicine, and high-energy imaging. These components ensure reliable operation in high-radiation environments. This growth is driven by continuous technological innovations and expanding applications. These developments will be the major growth factors for the market in recent future.

• North America is Leading the Market

In region, North America held the highest market share of 47% in 2022, especially the United States, has a significant presence in the aerospace and defense industry. The U.S. government invests heavily in space exploration, satellite technology, and military applications, driving the demand for radiation-hardened electronic devices and components. According to the Bureau of Economic Analysis (BEA) of the United States. the US space economy generated billions in gross output, in GDP, and in private sector pay. The rising space sector in the United States, with its major economic impact, is likely to stimulate demand for radiation-hardened electronic systems and components.

• Burgeoning Opportunities in Expansion of Space Missions

The global interest in space exploration has surged in recent years, with governments and private entities launching missions to the moon, Mars, and beyond. This increased space activity necessitates radiation-hardened electronics to ensure the reliability of critical systems onboard spacecraft. In January 2023, Microchip Technology Inc. introduced the MIC69303RT 3A Low-Dropout (LDO) Voltage Regulator, its first commercial-off-the-shelf (COTS) rad-tolerant power device. The new MIC69303RT is a high-current, low-voltage power management system aimed at LEO and other space applications.

Purchase this Premium Report:

https://www.industryarc.com/purchasereport.php?id=168

Key Opportunity Analysis:

Increasing Demand for Satellite Constellations and Space Exploration

As space agencies, private companies, and research institutions continue to invest in space-based initiatives, there is a substantial opportunity for manufacturers of radiation-hardened devices to provide solutions that ensure the longevity and performance of electronics in the harsh radiation environment of space.

In 2022, Ukraine launched a spacecraft, a modified version of the Sich-2 satellites, into Earth’s orbit using SpaceX’s Falcon 9 launch vehicle. With space exploration and satellite missions on the rise, there is a growing need for electronic components that can withstand the harsh radiation environment of outer space.

Increasing integration of advanced technologies in healthcare

Medical devices such as radiation therapy machines, imaging equipment, and diagnostic tools require electronics that can function reliably and accurately in the presence of radiation. The market can capitalize on the growing demand for radiation-hardened components in the healthcare sector by offering solutions that enhance the performance and safety of medical devices, contributing to the advancement of diagnostic and therapeutic technologies.

In 2022, the government tabled a draft for the new Drugs, Medical Devices and Cosmetics Bill 2022, to assure and offer thorough legal protections to ensure that the medical items sold in India are reliable, efficient, and up to required standards.

Renewed Focus on National Security and Defense

Governments and defense organizations are investing in modernizing their defense capabilities, including the development of advanced satellite systems, missile defense, and secure communication networks. The need for robust and resilient electronics in these critical applications is driving demand for radiation-hardened components. Companies positioned to provide high-performance and radiation-resistant solutions stand to capitalize on the increased investments in defense and security infrastructure worldwide.

In 2022, Microchip Technology Inc. announced the launch of new commercial off-the-shelf (COTS) RT Super Flash devices for defense and aerospace applications.

If you have any questions, please feel free to contact our experts at:

https://www.industryarc.com/reports/request-quote?id=168

The Report also Covers the Following Areas:

• Radiation Hardened Electronic Devices and Components Market Size and Forecast

• Radiation Hardened Electronic Devices and Components Market Trends
• Radiation Hardened Electronic Devices and Components Market Analysis by Product

Radiation Hardened Electronic Devices and Components Market 2023-2030: Key Highlights

• CAGR of the market during the forecast period 2023-2030

• Value Chain analysis of key stake holders

• Detailed analysis of market drivers and opportunities during the forecast period

• Radiation Hardened Electronic Devices and Components Market size estimation and forecast

• Analysis and predictions on end users’ behaviour and upcoming trends

• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the Radiation Hardened Electronic Devices and Components Market

Covid and Ukrainian Crisis Impact:

• The COVID-19 pandemic has brought about a range of challenges and disruptions to various industries. Supply chain disruptions, lockdowns, and restrictions on international trade have affected the production and distribution of these specialized components. However, the importance of certain applications, such as medical devices and critical infrastructure, led to sustained demand for radiation-hardened components in these sectors.
• The Ukrainian crisis, characterized by geopolitical tensions and conflict, has implications for the radiation-hardened electronic devices and components market, particularly in the context of defense and national security. The crisis has led to increased scrutiny and potential re-evaluation of supply chains, especially for components critical to defense systems. The heightened focus on national security could result in increased demand for these components, especially those used in military and defense applications.

To Get a Customized Industry Analysis, Speak with our Research Analyst:

https://connect.industryarc.com/lite/schedule-a-call-with-our-sales-expert

List of Key Market Players in Radiation Hardened Electronic Devices and Components Market:

The Global Radiation Hardened Electronic Devices and Components Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

• BAE Systems Plc
• Microchip Technology Inc.
• STMicroelectronics N.V.
• Honeywell International Inc.,
• Texas Instruments Incorporated
• Infineon Technologies AG
• Renesas Electronics Corporation
• Analog Devices, Inc.
• Xilinx, Inc. (AMD)
• TTM Technology

Related Reports:

Radiation Hardened Electronics Market – The Radiation Hardened Electronics Market is projected to grow at a CAGR of 3.8% from 2024 to 2030. The Rise in demand for communication satellite and Growth of nuclear power are some of the factors driving the Radiation Hardened Electronics Market.

Radiation Hardened MCU Market – The Radiation Hardened MCU Market is projected to grow at a CAGR of 3.5% from 2024 to 2030. The need for radiation hardened device for Low-Earth-Orbit and the growing innovations in this sector are some of the factors driving the Radiation Hardened MCU Market.

Radiation Hardened ICs Market – The Radiation Hardened ICs Market is projected to grow at a CAGR of 7.5% from 2024 to 2030.  The Space Exploration and Satellite Deployment and Defense and Military Applications are some of the factors driving the Radiation Hardened ICs Market.

About IndustryARC™:

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.  

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format which assists an intelligent and informed decision-making process.

Contact Us:

Mr. Venkat Reddy

IndustryARC

Email: [email protected]

USA: (+1) 518 282 4727

Web: https://www.industryarc.com

Follow us on: LinkedIn | Facebook | Twitter

Tags: Radiation Hardened Electronic Devices and Components Key companies, Radiation Hardened Electronic Devices and Components Market, Radiation Hardened Electronic Devices and Components Market forecast, Radiation Hardened Electronic Devices and Components Market Growth, Radiation Hardened Electronic Devices and Components Market Report, Radiation Hardened Electronic Devices and Components Market Research, Radiation Hardened Electronic Devices and Components Market Share, Radiation Hardened Electronic Devices and Components Market size, Radiation Hardened Electronic Devices and Components Market trends, Radiation Hardened Electronic Devices and Components top companies