Radiation-Hardened Electronics Market Share, Size Covered Major Segments, Regions and Key Drivers Outlook 2022-2030

Research Nester released a report titled “Radiation-Hardened Electronics Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global radiation-hardened electronics market in terms of market segmentation by component type, application, and region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global radiation-hardened electronics market is projected to grow with a moderate CAGR during the forecast period, i.e., 2022-2030. The increasing demand for radiation-hardened electronics amongst the communication satellites industry and increasing space missions in various countries such as India, Russia, the U.S, and China, are estimated to drive the market growth. Furthermore, the rising research and developmental activities at various space stations, such as, ISRO and NASA and rising demand from commercial and military sectors create opportunities for electronics in the market.

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The market is segmented on the basis of component type into analog and digital mixed signal devices, memory controllers and processors, power management component, and others, out of which, the power management segment is estimated to grab the largest share in the radiation-hardened electronics market over the forecast period on the back of the increasing need for MOSFETs and diodes in various end-user industries, including the aerospace and defense industries. Moreover, the excellent durability of these diodes is estimated to increase its demand for various outer space applications, which is estimated to boost the market growth.

The market is segmented into five regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The radiation-hardened electronics market in Europe region is estimated to grow at the highest CAGR throughout the forecast period owing to the increasing space activities in developing economies, such as, China and India. Currently, the radiation-hardened electronics market in North America holds the largest share owing to the increased number of aerospace activities in the region.

Increasing Number of Aerospace Activities to Drive the Market Growth

According to the data provided by the National Aeronautics and Space Administration (NASA), the total budget for aerospace activities provided to NASA was USD 21 billion in the year 2020.

The increasing number of space missions and the need for aerospace satellites for research, military, and commercial purposes, is estimated to boost the market growth. The increasing need for diodes, transistors in various industries, especially in defense and space applications is another growth driver for the market. The increasing budgets by various countries for space research is also anticipated to boost the growth of the market. However, the high cost associated with these radiation-hardened electronics is estimated to hamper the market growth.

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This report also provides the existing competitive scenario of some of the key players of the global radiation-hardened electronics market which includes company profiling of Honeywell International Inc., Renesas Electronics Corporation, Xilinx, Inc., Atmel Corporation, BAE Systems, STMicroelectronics, Microsemi Corporation, Texas Instruments, Microchip Technology Inc., and Infineon Technologies AG. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global radiation-hardened electronics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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