Radiation-Hardened Electronics Market Size, Share and Trends Analysis Report by Type, By Application, And Segment Forecasts to 2028

The Radiation-Hardened Electronics Market size was valued at US$ 1,520.86 million in 2021 and is projected to reach US$ 2,045.04 million by 2028; it is expected to grow at a CAGR of 4.3% from 2021 to 2028.

The demand for radiation-hardened electronics in the global market is increasing due to the need to protect medical devices, including wearable devices, from wear and tear and harsh environments. Radiation rooms and other medical facilities often expose these devices to high-temperature fluctuations, making it necessary to use radiation-hardened electronics for medical applications. As a result, the market for radiation-hardened electronics is gaining traction in the medical industry.

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Analysis of the Top Market Players:

1. BAE Systems
2. Data Device Corporation
3. Honeywell International Inc.
4. Infineon Technologies AG
5. Renesas Electronics Corporation
6. Texas Instruments Incorporated
7. STMicroelectronics
8. Xilinx, Inc. (AMD)
9. VORAGO Technologies
10. Microchip Technology Inc.

In this report, the market has been segmented on the basis of:

Component (Power Management Components, Analog & Digital Mixed Signal Devices, Memory, and Controllers & Processors)
Manufacturing Technique [Radiation Hardening by Design (RHBD) and Radiation Hardening by Process (RHBP)]
Application (Aerospace & Defense, Nuclear Power Plant, Space, and Others)

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The global market for radiation-hardened electronics is expected to grow due to the rapid expansion of the medical equipment manufacturing industry in both developed and developing countries. Governments are investing heavily in infrastructure development to equip medical facilities with the latest medical devices, which contributes to the growth of medical equipment manufacturing globally. For example, Peru and Chile have seen increased demand for medical equipment and products due to government initiatives. In addition, countries like the US, France, Germany, and Switzerland have renowned medical equipment manufacturers who invest in the development of technologically advanced and compact medical equipment designs. These factors are expected to drive the demand for radiation-hardened electronics in medical applications, thereby boosting the growth of the global radiation-hardened electronics market.

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This release was published on openPR.