The latest research report by Emergen Research, named ‘Global Radiation Hardened Electronics Market - Forecast to2032 ’, entails a comprehensive review of the global Radiation Hardened Electronics Market present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe.
The Global Radiation Hardened Electronics (RHE) market size was USD 1.48 billion in 2021 and is expected to register a revenue CAGR of 3.9% during the forecast period, according to the latest analysis by Emergen Research. Rising demand for low-cost nanosatellites and communication satellites and increasing intelligence, surveillance, and reconnaissance operations due to growing hostility among nations are factors driving market revenue growth between 2022 and 2030. Currently, increasing number of commercial space operations have led to growing demand for radiation-hardened power management systems.
The Radiation Hardened Electronics market is witnessing significant growth and innovation driven by the increasing demand for robust electronic components capable of withstanding harsh radiation environments, such as those encountered in space missions, nuclear reactors, and high-altitude aircraft. Radiation hardened (rad-hard) electronics are designed and manufactured to withstand ionizing radiation, including gamma rays, neutrons, and cosmic rays, which can cause performance degradation and reliability issues in standard electronic components.
Drivers of Radiation Hardened Electronics Market
Several key drivers are fueling the growth of the Radiation Hardened Electronics market. Firstly, the increasing deployment of satellites, spacecraft, and deep-space exploration missions is driving the demand for radiation hardened electronic components that can withstand the harsh radiation environment of outer space. Rad-hard electronics are essential for ensuring the reliability and longevity of critical systems onboard spacecraft, including communication, navigation, and power management systems. Secondly, the growing concerns over nuclear safety and radiation exposure in high-risk environments, such as nuclear power plants and nuclear research facilities, are driving the adoption of radiation hardened electronics for control and monitoring systems.
Major Companies and Competitive Landscape
The Radiation Hardened Electronics Market is fairly consolidated with a few small and medium-sized market players accounting for majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the market report are:
Micropac Industries Inc., BAE Systems Plc., Honeywell International Inc., ST Microelectronics N.V., Microchip Technology Inc., Solitron Devices Inc., Cobham Limited, pSemi Corporation, Infineon Technologies AG, and Renesas Electronics Corporation.
Key inclusions of the Radiation Hardened Electronics Market report:
COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Growth opportunities.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
Covid impact analysis:
The study on the Global Radiation Hardened Electronics Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Radiation Hardened Electronics Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Radiation Hardened Electronics Market industry. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties The Radiation Hardened Electronics Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic.
Emergen Research has segmented the global radiation hardened electronics market based on manufacturing technique, product type, component type, application, and region:
· Manufacturing Technique Outlook (Revenue, USD Billion; 2019-2030)
Rad-hard By Process
Rad-hard By Design
Rad-hard By Software
· Product Type Outlook (Revenue, USD Billion; 2019-2030)
Commercial-off-the-shelf (COTS)
Custom Made
· Component Type Outlook (Revenue, USD Billion; 2019-2030)
Controllers & Processors
Analog & Digital Mixed Signal Devices
Memory
Power management
· Application Outlook (Revenue, USD Billion; 2019-2030)
Aerospace & Defense
Nuclear Power Plant
Space
Others
Regional Analysis of the Radiation Hardened Electronics Market :
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
Analysis and estimation of the Radiation Hardened Electronics Market size and share for the projected period of 2022-2030
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Strategic recommendations to help readers formulate lucrative business strategies
Identification of the emerging players and their tactical approaches to expand market presence
An extensive study of the product portfolios of the major market players and their regional presence
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Radiation Hardened Electronics Market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market.
