Radiation-Hardened Electronics Market Size To Hit US$ 1.6 Billion by 2028 | IMARC Group

According to the latest report by IMARC Group, titled "Radiation-Hardened Electronics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.' the global radiation-hardened electronics market size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.6 Billion by 2028, exhibiting a growth rate (CAGR) of 2.9% during 2023-2028.

Radiation-hardened electronics represent a range of components, sensors, and single-board computer CPUs, primarily utilized for high-altitude applications. They are designed using several types of materials, including silicon, silicon carbide, gallium nitride, etc. Radiation-hardened electronics are mostly integrated into aircraft, satellites, and nuclear power plants in the form of microprocessors, switching regulators, and power supply devices. They are resistant to the damages caused by ionizing radiations, gamma radiations, and neutron radiations emitted by nuclear reactors and are less susceptible to the impacts of extreme temperatures. As a result, radiation-hardened electronics find extensive applications across various sectors, such as aviation, space, military and defense, etc.

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Radiation-Hardened Electronics Market Trends:

The elevating number of space missions and exploratory activities are primarily driving the radiation-hardened electronics market. Besides this, the escalating need for communication satellites for intelligence, surveillance, and reconnaissance (ISR) operations is acting as another significant growth-inducing factor. Moreover, the increasing product usage in the manufacturing of power management instruments, diodes, transistors, and metal-oxide-semiconductor field-effect transistors (MOSFET) for numerous defense and military applications is further augmenting the market growth. Additionally, the development of highly reliable integrated circuits and the introduction of improved field-programmable gate array (FPGA) technology are anticipated to propel the radiation-hardened electronics market in the coming years.

Radiation-Hardened Electronics Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the radiation-hardened electronics market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these Key Players Include:

Analog Devices Inc
BAE Systems plc
Cobham Plc (Advent International)
Data Device Corporation (Transdigm Group Incorporated)
Honeywell International Inc
Microchip Technology Inc
STMicroelectronics
Texas Instruments Incorporated
The Boeing Company
Xilinx Inc., etc.

Key Market Segmentation:

The report has segmented the radiation-hardened electronics market on the product type, material type, technique, component type and application.

Breakup by Product Type: 

Custom Made
Commercial-Off-the-Shelf

Breakup by Material Type:

Silicon
Silicon Carbide
Gallium Nitride
Others

Breakup by Technique:

Radiation Hardening by Design (RHBD)
Radiation Hardening by Process (RHBP)
Radiation Hardening by Software (RHBS)

Breakup by Component Type:

Power Management
Application Specific Integrated Circuit
Logic
Memory
Field-Programmable Gate Array
Others

Breakup by Application:

Space Satellites
Commercial Satellites
Military
Aerospace and Defense
Nuclear Power Plants
Others

Breakup by Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

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Key Highlights of the Report:                                                           

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Website: https://www.imarcgroup.com

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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