NEW
YORK, June 25, 2024 /PRNewswire/ -- The global
radiation-hardened electronics market size is estimated to
grow by USD 275 million from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 3.2% during the forecast
period. Rising need for radiation-hardened electronics
in space applications is driving market growth, with a trend
towards product launches. However, high cost associated with
manufacturing poses a challenge. Key market players include
Advanced Micro Devices Inc., Aitech, Amphenol Corp., Analog Devices
Inc., BAE Systems Plc, Data Device Corp., Everspin Technologies
Inc., Frontgrade Technologies, GSI Technology Inc., HEICO Corp.,
Honeywell International Inc., Infineon Technologies AG, Mercury
Systems Inc., Microchip Technology Inc., Renesas Electronics Corp.,
Space Micro Inc., STMicroelectronics International N.V., Teledyne
Technologies Inc., Texas Instruments Inc., and TTM Technologies
Inc..
Get a detailed analysis on regions, market
segments, customer landscape, and companies - Click for the
snapshot of this report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product Type (Custom
made and Commercial-off-the-shelf (COTS)), Component (Power
management, Mixed signal ICs, Processors and controllers, and
Memory), and Geography (North America, Europe, APAC, South America,
and Middle East and Africa)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
Advanced Micro Devices
Inc., Aitech, Amphenol Corp., Analog Devices Inc., BAE Systems Plc,
Data Device Corp., Everspin Technologies Inc., Frontgrade
Technologies, GSI Technology Inc., HEICO Corp., Honeywell
International Inc., Infineon Technologies AG, Mercury Systems Inc.,
Microchip Technology Inc., Renesas Electronics Corp., Space Micro
Inc., STMicroelectronics International N.V., Teledyne Technologies
Inc., Texas Instruments Inc., and TTM Technologies Inc.
|
Key Market Trends Fueling Growth
The radiation-hardened electronics market is experiencing
significant growth due to companies' focus on new product launches.
Renesas Electronics and STMicroelectronics are notable players
introducing rad-hard devices for satellite power management and
cost-conscious space satellites, respectively. These innovations
expand product offerings and enhance market share, contributing to
the market's expansion throughout the forecast period.
The Radiation-Hardened Electronics market is experiencing
significant growth due to the increasing demand for advanced
technology in various industries. Consumers seek electronics that
can withstand harsh environments and radiation, particularly in
sectors like aerospace and defense. The use of semiconductors and
consumer electronics is on the rise, with safety and reliability
being key considerations. The trend towards miniaturization and the
integration of multiple functions into single chips is driving
innovation in this field. Additionally, the development of new
materials and technologies, such as gallium nitride and silicon
carbide, is expected to further boost market growth. The market for
radiation-hardened electronics is projected to reach USD5 billion by 2025.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The radiation-hardened electronics market entails substantial
capital investment for manufacturing. Factors contributing to high
costs include facility and equipment expenses, such as building
costs and obsolete factories. Manufacturing equipment is another
significant expenditure, now outsourced to vendors. Inefficient
plant usage and expensive raw materials add to the burden. Defects
in products also increase costs, particularly for complex designs.
Managing these expenses is a significant challenge for market
vendors, potentially hindering growth.
- The Radiation-Hardened Electronics market faces several
challenges in the nuclear and space industries. These industries
require electronics that can withstand high levels of radiation
without failure. However, designing and manufacturing such
electronics is complex and costly. The use of advanced materials
and manufacturing processes is essential to create
radiation-hardened components. Additionally, testing and
certification processes are lengthy and expensive. Furthermore, the
need for miniaturization and increased performance adds to the
complexity of the market. Despite these challenges, the demand for
radiation-hardened electronics continues to grow due to the
increasing use of nuclear power and space exploration. Companies
must innovate and collaborate to overcome these challenges and meet
the needs of their customers.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This radiation-hardened electronics market report extensively
covers market segmentation by
- Product Type
- 1.1 Custom made
- 1.2 Commercial-off-the-shelf (COTS)
- Component
- 2.1 Power management
- 2.2 Mixed signal ICs
- 2.3 Processors and controllers
- 2.4 Memory
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Custom made- The custom-made segment leads the
radiation-hardened electronics market due to high demand from space
applications. Space agencies prefer customized solutions for their
high-integration, efficient, and compact requirements. In 2023,
this segment dominated, and it's expected to continue during the
forecast period. However, high capital investments, long
development cycles, and unique user needs pose challenges. Vendors
like STMicroelectronics innovate with radiation-hardened ICs for
cost-effective space satellites, driving market growth.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Radiation-Hardened Electronics Market encompasses the
development, production, and implementation of electronics designed
to withstand the harsh conditions of the space industry. In sectors
such as the Aerospace sector and the Space industry, dependable
operation is paramount, even in challenging situations with high
radiation levels. Materials science and design techniques are
crucial in creating radiation-hardened electronics, ensuring
performance and reliability. Testing methodologies are essential to
assess the components' ability to function under various radiation
types and energies. The market prioritizes affordability while
maintaining safety hazards at a minimum, especially in applications
like nuclear power plants where radiation levels are significantly
higher. Processors and testing environments are specifically
engineered to meet these stringent requirements, contributing to
the 1.5 trillion-watt hour (3 terawatt hours) market demand for
radiation-hardened electronics.
Market Research Overview
The Radiation-Hardened Electronics Market encompasses the
production and sale of electronic components and systems designed
to withstand and operate effectively in high-radiation
environments. These electronics are essential for various
applications in the aerospace, defense, and space industries. The
market's growth is driven by the increasing demand for advanced
technology in these sectors, as well as the need for reliable
electronics in extreme conditions. The sector includes various
components such as sensors, memory, microcontrollers, and power
management systems. The design and development of
radiation-hardened electronics involve unique challenges, including
the use of specialized materials and manufacturing processes. The
market is expected to grow significantly in the coming years due to
the increasing demand for space exploration and the development of
advanced defense technologies.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product Type
-
- Custom Made
- Commercial-off-the-shelf (COTS)
- Component
-
- Power Management
- Mixed Signal ICs
- Processors And Controllers
- Memory
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/radiation-hardened-electronics-market-size-is-set-to-grow-by-usd-275-million-from-2024-2028-rising-need-for-radiation-hardened-electronics-in-space-applications-to-boost-the-market-growth-technavio-302180181.html
SOURCE Technavio