Radiation Hardened Electronics Market Poised for Steady Growth Through 2027


Posted March 20, 2023 by avinashgogawale14

The Radiation Hardened Electronics Market is projected to grow at a CAGR of 4.0% from 2022 to 2027, from USD 1.5 billion to USD 1.8 billion.

 
Throughout the projected period, the Radiation Hardened Electronics Market is anticipated to increase from USD 1.5 billion in 2022 to USD 1.8 billion by 2027, at a compound annual growth rate (CAGR) of 4.0%. (2022-2027). Radiation-Hardened Electronics are utilised by a variety of industries, including space (satellites), aerospace & defence, nuclear power plants, implantable medical devices, and scientific research, to shield equipment and systems from the detrimental effects of radiation. The market for rad-hard electronics is expanding as a result of an increase in space missions, a rise in the demand for rad-hard electronics in the commercial satellite sector, and an increase in global intelligence, surveillance, and reconnaissance (ISR) operations. However during the anticipated term, the market's growth might be constrained by the high expenses of testing and development.

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The Radiation-Hardened Electronics Market is dominated by Bae Systems (UK), STMicroelectronics (Switzerland), Microchip technology (US), Renesas Electronics (Japan), Honeywell Aerospace & Defense (US), and Infineon Technologies (Germany). These players have adopted various growth strategies such as, product integrations, geographic expansions, collaborations, and new product launches to increase their presence in the global market.

The Radiation-Hardened Electronics Market was led by BAE Systems, a multinational defence, aerospace, and security business. The business supplies cutting-edge, highly reliable, radiation-hardened electronics at the component, card, and unit levels, as well as products and services for the air, sea, land, and cyber domains. Flight Control Management GmbH (Germany), Aero International Limited (UK), Armstrong Whitworth Aircraft Limited (UK), and Avro International Aerospace Limited (UK) are just a few examples of BAE Systems' subsidiaries. The company is well-established in the US, Australia, Saudi Arabia, and the UK.

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Microchip Technology took second place in the market for radiation-resistant electronics. FPGAs, ASICs, RF components, diodes, transistors, MOSFETs, hybrids, power supplies, custom semiconductor packaging, and integrated power distribution systems are just a few of the company's many radiation-hardened and radiation-tolerant space products. Microchip Technology has a significant presence in the space business and has participated in a number of space missions. The company has been able to hold onto its position in the industry because to its extensive array of radiation-hardened products.

Via its IR HiRel subsidiary, Infineon Technologies is a significant player in the market for radiation-hardened electronics, providing rad-hard power and RF solutions for satellites and space exploration. The business generates revenue from all of its business segments and enjoys a solid market position across numerous industries. Its solid position gives the business a competitive edge. Infineon Technologies employs a product launch strategy, with recent launches including the CoolMOS technology platform in April 2020 and radiation-hardened MOSFETs contained in an avant-garde direct-to-printed Circuit Board (PCB) mounting package in June 2020. Infineon Technologies has proven its dedication to innovation and has kept its place as a significant player in the market for rad-hard electronics.

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Last Updated March 20, 2023