Radiation-Hardened Electronics Market is expected to reach US$ 2,045.04 million by 2028, with a CAGR of 4.3% - Global Analysis By The Insight Partners

Radiation-Hardened Electronics Market: Key Insights

According to our new research study on "Radiation-Hardened Electronics Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Component, Manufacturing Technique, and Application," the market is expected to grow from US$ 1,520.86 million in 2021 to US$ 2,045.04 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028.

The radiation-hardened electronics manufacturers are engaged in various processes, including designing, assembling, and production, to transform the raw material into finished products and integrate the components into the devices. Texas Instruments Microchip Technologies and Vorago Technologies are a few of the leading global radiation-hardened electronics manufacturers. These companies offer high-quality radiation-hardened electronics and systems, which finally install the product in aircraft and satellites, with end-users ranging from aircraft manufacturers buyers to large fleet operators.

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The biggest threat to satellites is radiation generated from solar flares, resulting in system failures. Due to the lack of air protection, these satellites are vulnerable to solar flares. As a result, radiation hardening is required to withstand space radiation while protecting electronic components.

Furthermore, electrical components used in space activities are manufactured with a life expectancy of at least 15 years without failure. High-energy particles in space destroy the electronics. These reasons influence the global space industry to adopt radiation-hardened electronics, further boosting the radiation-hardened electronics market growth.

Rising Adoption of Radiation-Hardened Electronics Market
Over the years, satellites have experienced high adoption across various industries such as communication, networking, television broadcast, and space-based surveillance. The satellites are prone to solar flares, which leads to system failures. This influences the adoption of radiation-hardened electronics across the end-use industries such as aerospace & defense, nuclear power plants, and space. A few of the major procurement of radiation-hardened electronics across the globe are mentioned below:

1. The European Space Agency (ESA) granted CAES, a leader in advanced mission-critical electronics, a contract to create a fault- and radiation-tolerant system-on-chip in December 2021. The project, which the Swedish National Space Agency funds, will develop a 16-core, space-hardened microprocessor based on the open RISC-V instruction set architecture to improve performance and power efficiency in satellite and spacecraft applications (ISA).

2. Alphacore Inc. was awarded a Phase I contract by NASA in April 2021 to develop single-chip DC-DC converters for harsh environments. It plans to build a digitally regulated, high switching rate, digital hysteresis-based DC-DC converter for use in space and extreme environments. The company is currently developing the product, which will contain features, including support for up to 4.5V input supply and 4A load current, a 10MHz switching rate, a digital slow-start (SS) option, and digitally controlled regulation loop parameters.

3. The US government awarded Silicon Technologies Inc. (STI) a 2-year contract in July 2019 to create Radiation Hardened by Design (RHBD), Process Portable, and Mixed-Signal Design IP. The primary goal of this arrangement was to increase the US government's access to radiation-hardened equipment. This arrangement is for radiation-hardened electronic prototype demonstrations for new electronic component solutions to support strategic and space missions by the US government.

Thus, the rise in procuring radiation-hardened electronics by various organizations is fueling the global radiation-hardened electronics market growth.

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Radiation-Hardened Electronics Market: Competitive Landscape and Key Developments

The leading players operating in the radiation-hardened electronics market include BAE Systems; Data Device Corporation; Honeywell International Inc.; Infineon Technologies AG; Renesas Electronics Corporation; Texas Instruments Incorporated; STMicroelectronics; Xilinx, Inc.; VORAGO Technologies; and Microchip Technology Inc. Several companies are functioning in the market and are contributing substantial revenues to propel the radiation-hardened electronics market growth.

Players operating in the radiation-hardened electronics market are mainly focused on the development of advanced and efficient products.

1. In March 2022, Honeywell partnered with SAPA Placencia, a leading producer of electric power solutions and a global leader in heavy vehicle gearboxes. The partnership was founded to work on improving electric power production for military ground vehicles.

2. In February 2022, BAE Systems was awarded a US$60 million contract from the Army Contracting Command. The program's principal purpose is to provide the US government and aerospace sector with onshore access to cutting-edge microelectronics technology. Cadence Design Systems, Carnegie Mellon University, Novellus, Reliable MicroSystems, and Sandia National Laboratories will be part of a team that will carry out this work.

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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