Radiation Hardened Electronics Market - Regional Market, Technology, Type, Applications and Forecast 2024

The major factor driving the radiation hardened electronics market is rising demand for power management devices. Another factor augmenting the market for radiation hardened electronics market is rising demand for diodes, transistors, and MOSFETs in various defense and space applications. More technological advancements is leading to focus on integration of radiation hardened electronics chip into various devices. Another major driver for the market is the increase in the number of the space missions.

One of the driver for the radiation hardened electronics market is rise in demand for communication satellites. Growing ISR (Intelligence, Surveillance, and Reconnaissance) operations, multicore processor technology and FPGA advancements will drive the radiation hardening electronics market in future. However the major challenge for the market is high cost involved in developing and testing the radiation hardened electronic devices. But rise in investments in R&D (research and development) of semiconductors and electronics will minimize the impact of this challenge. Another challenge being faced by the radiation hardened electronics market are the emerging of small satellites (SmallSats) with small life cycle. This small satellites market is called Space 2.0.

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The radiation hardened electronics component market can be segmented based on components (power management, ASIC, logic, memory, FPGA), manufacturing technique (RHBD radiation hardening by design, RHBP Radiation hardening by process), application (space, aerospace & defense, nuclear power plant), geography (North America, Europe, Asia-Pacific, rest of the world).

North America is the largest market for radiation hardened electronics market. Europe is the second largest market for radiation hardened electronics followed by APAC. In North America, U.S. accounts for the largest share in radiation hardened electronics market. Canada and Mexico follow the numbers in U.S. for radiation hardened electronics market. The rising demand of the radiation hardened electronics market in North America region could be due to presence of rad-hard component manufacturers in large numbers. Also presence of some famous defense and space research institutes is the major reason for growing radiation hardened electronics market.

Space application is leading the radiation hardened electronics market. Space application is further segmented into commercial & military application.

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Key players in the market include Honeywell Aerospace (U.S.), Xilinx, Inc. (U.S.), Atmel Corporation (U.S.), and BAE Systems (U.K.). Other Players include STMicroelectronics, Microsem, Texas Instruments, and IRC.

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