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The global radiation-hardened electronics market size is estimated to grow by USD 340.35 million between 2022 and 2027 accelerating at a CAGR of 4.02%. The growth of the market depends on several factors, including the rising need for radiation-hardened electronics in space applications, growing satellite missions, and growing surveillance and reconnaissance.
This report extensively covers market segmentation by product type (custom-made and commercial-off-the-shelf), component (power management, mixed-signal ICS, processors and controllers, and memory), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing surveillance and reconnaissance are notably driving the market growth.
Satellites are used for specific mission profiles, such as surveillance, reconnaissance, and navigation. They can provide continuous coverage of the area and can be used for the early detection of intercontinental ballistic missile launches. Furthermore, they can carry out both strategic and tactical operations.
With the advent of smart sensors and miniature satellites, many countries have developed military satellite networks or cooperated with technology partners to access technologies according to their needs. Several development projects will create potential market opportunities for command-and-control solutions to monitor these satellites. Hence, the focus on the local development of appropriate command and control systems is increasing. Therefore, these developments are expected to drive the growth of the global market during the forecast period.
Product launches are an emerging trend in the market.
Prominent players in the market are primarily focusing on various growth strategies, such as new product launches, to broaden their landscapes and garner large market shares. The market has the presence of both international and local players.
New product launch help companies strengthen their product offerings and enhance diversification in supporting the end-users. For instance, in July 2021, Renesas Electronics Corporation launched a new line of plastic-packaged radiation-hardened (rad-hard) devices for satellite power management systems. Similarly, in March 2022, STMicroelectronics launched radiation-hardened ICs for cost-conscious space satellites. Such factors will contribute to the growth of the global market during the forecast period.
The challenges and limitations of radiation detection and monitoring instruments are major issues impeding the market growth.
Currently, there are several radiation detection and monitoring instruments available commercially. However, the availability of equipment that can detect very low levels of radiation and differentiate between the different sources of radiation is low. While some products offer both these attributes, the cost and size of these instruments are too prohibitive for use by first responders in hazardous situations.
Another prominent challenge faced by the radiation-hardened electronics vendors is the limited supply of helium, which has led to manufacturers looking for alternate materials. Furthermore, some of the most radiation-hardened electronic devices only release small amounts of radiation. Moreover, many types of radiation detection equipment cannot differentiate between natural and artificial radiation. As a result, the radiation detection instrument can register higher radiation values from natural radiation sources and, thus, provide false alarms, which can lead to the need for secondary scanning. Hence, such factors may hinder the growth of the market during the forecast period.
The market share growth by the custom-made segment will be significant during the forecast period. Custom-made radiation-hardened electronics are processing units. They are programmable and customizable. The custom-made segment is expected to grow owing to high-end custom radiation-hardened electronics devices in space applications.
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The custom-made segment was valued at USD 1,227.42 million in 2017 and continued to grow until 2021. The space industry is the major industry driving the segment growth as space agencies opt out of custom radiation-hardened electronics with features such as high integration, efficiency, and compact and cost-effective devices. Vendors in the market are carrying out research activities and innovation through product launches to cater to market needs. For instance, in March 2022, STMicroelectronics launched radiation-hardened ICs for cost-conscious space satellites.
The power management segment holds a dominating share by component in the global radiation-hardened electronics market owing to the increasing space mission in the space industry and other end-user industries during the forecast period. For instance, the SA series of DC-DC converters are designed and qualified for the rigors of space, including characterization for both Total Ionizing Dose (TID) and Single Event Effects (SEE). The growing COTS type of use of radiation-hardened electronics for the space industry is driving the power management segment during the forecast period as it helps in quickly scaling up development to reduce your risk and development time along with proven COTS technology.
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North America is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The US is the major contributor to the market in North America owing to growing end-user industries such as space and aerospace and defense, increasing government investment, and the presence of numerous vendors. Most vendors for space-based components reside in the US, indicating the fragile nature of the supply chain for radiation-hardened electronics. Furthermore, the presence of numerous manufacturing companies in this region and the need to reduce the complexity of production and supply chain will increase the demand for radiation-hardened electronics components in North America during the forecast period.
The demand for radiation-hardened electronics components from various industries, including defense and aerospace, and huge investment is driving the growth of the regional market. The US defense and aerospace industry is expanding its horizon to nontraditional, shorter-life, and lower-cost small satellite applications. For instance, Air Force requested funding for USD 987 million in 2022 for space technology development and prototyping missile warning/tracking as well as the USD 1 billion requested for ground and space segments of the Next-Generation Overhead Persistent Infrared (OPIR) missile-warning system. Such factors are expected to increase the demand for radiation-hardened electronics in the region, which, in turn, will propel the growth of the regional market during the forecast period.
Furthermore, the aerospace industry in the region is growing significantly during the forecast period. Aerospace companies such as Virgin Galactic are conducting spaceflight programs. For instance, in May 2021, Virgin Galactic conducted the first suborbital human spaceflight from New Mexico using SpaceShipTwo VSS Unity. Furthermore, the growing number of nuclear project launches is another factor driving the regional market. Hence, all such factors are expected to increase the demand for radiation-hardened electronics in the region, which, in turn, will propel the growth of the regional market during the forecast period.
In 2020, the market in North America was negatively impacted due to the outbreak of COVID-19. However, the initiation of vaccination drives and the reopening of manufacturing units of end-user industries helped the market in North America to gain momentum in 2021. Moreover, key vendors of the market are focusing on merger and acquisition (M&A) opportunities to accelerate growth, complement capabilities, expand the portfolio of products, and achieve more competitive cost structures. Thus, all these factors are expected to boost the growth of the market in North America during the forecast period.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Frontgrade Technologies - The company operates under one segment. The company under this segment offers analog, power, mixed-signal, and digital products to space, military, avionics, medical and industrial markets. The key offerings of the company include radiation-hardened electronics.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The report includes the market's adoption lifecycle, covering the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Radiation-hardened Electronics Market Customer Landscape
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Radiation-hardened Electronics Market Scope |
|
Report Coverage |
Details |
Page number |
170 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.02% |
Market growth 2023-2027 |
USD 340.35 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.1 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 40% |
Key countries |
US, Canada, China, UK, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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 NV, Teledyne Technologies Inc., Texas Instruments Inc., and TTM Technologies Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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