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The radiation-hardened electronics market size is estimated to grow by USD 340.35 million at a CAGR of 4.02% between 2022 and 2027. Market expansion relies on various factors, such as the increasing demand for radiation-hardened electronics in space applications, the proliferation of satellite missions, and the expanding scope of surveillance and reconnaissance activities. These elements collectively shape the trajectory of market growth, reflecting a combination of technological advancements, space exploration endeavors, and defense requirements. The rising need for radiation-hardened electronics underscores the importance of robust and reliable components for space missions, where exposure to radiation is a significant concern. Simultaneously, the growing number of satellite missions highlights the increasing reliance on satellite-based technologies for communication, navigation, and Earth observation purposes. Additionally, the expanding scope of surveillance and reconnaissance underscores the critical role of advanced imaging and sensing technologies in national security and intelligence operations. Thus, the interplay of these factors delineates the landscape for the anticipated expansion of the market.
t 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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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).
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 1.22 billion in 2017. 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. companies 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 missions 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 companies. Most companies 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.
The market plays a critical role across various sectors, ensuring dependability in high-risk environments. With an increasing demand for high-speed and reliable communication services, especially in the aerospace sector, the market is witnessing significant growth. As nuclear power plants and other safety-critical facilities require electronics capable of withstanding high radiation levels, the market responds with solutions designed for dependable operation even in the most challenging situations. Leveraging advancements in materials science and design techniques, manufacturers enhance performance and reliability while maintaining affordability. Rigorous testing methodologies and specialized testing environments ensure resilience against various radiation types and energies, contributing to the market's robustness and longevity. 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 companies 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.
Companies 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 offers analog, power, mixed-signal, and digital products to space, military, avionics, medical, and industrial markets.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies 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 Market Customer Landscape
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Million" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments.
The market addresses critical safety concerns across various sectors, including maritime and military applications. With increasing global sales of semiconductors and the proliferation of 1,500 commercial satellite, ensuring safety and reliability becomes paramount. As safety hazards and plant shutdowns underscore the need for robust safety systems, demand surges for radiation-hardened electronic equipment capable of withstanding severe situations. From low-cost nanosatellites to deep-space probes, the market caters to diverse needs, offering COTS products and power management components tailored for high-level electronics in space satellites and low earth orbit satellites. People in Europe are increasingly interested in semiconductor materials for laptops and tablets, particularly in the context of the radiation-hardened electronics market, which is crucial for deep-space probes, especially in power management component segments.
The market caters to a wide array of consumers, ranging from laptop and tablet users to operators of space satellite and commercial satellites. With the increasing deployment of 1,500 commercial satellites, the demand for radiation-hardened electronics is on the rise, particularly in regions like Europe. As electricity consumption in this sector reaches 3 terawatt hours, the need for robust power management components becomes imperative. These components ensure reliable operation in testing environment with varying intensities, serving space rovers, robots, and deep-space probes designed for high-end consumers and critical space missions.
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 companies, Market Positioning of companies, 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 Forecasting, 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 market 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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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