Radiation-Hardened Electronics Market is expected to reach US$ 2,045.04 million by 2028

Increasing Investment in Product Development by Major Players to Provide Growth Opportunities for Radiation-Hardened Electronics Market during 2021–2028

According to our new research study on “Radiation-Hardened Electronics Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Component, Manufacturing Technique, and Application,” the market is expected to grow from US$ 1,520.86 million in 2021 to US$ 2,045.04 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028.

The radiation-hardened electronics manufacturers are engaged in various processes, including designing, assembling, and production, to transform the raw material into finished products and integrate the components into the devices. Texas Instruments Microchip Technologies and Vorago Technologies are a few of the leading global radiation-hardened electronics manufacturers. These companies offer high-quality radiation-hardened electronics and systems, which finally install the product in aircraft and satellites, with end-users ranging from aircraft manufacturers buyers to large fleet operators.

The biggest threat to satellites is radiation generated from solar flares, resulting in system failures. Due to the lack of air protection, these satellites are vulnerable to solar flares. As a result, radiation hardening is required to withstand space radiation while protecting electronic components. Furthermore, electrical components used in space activities are manufactured with a life expectancy of at least 15 years without failure. High-energy particles in space destroy the electronics. These reasons influence the global space industry to adopt radiation-hardened electronics, further boosting the radiation-hardened electronics market growth.

The radiation-hardened electronics market players are engaged in various processes, including designing, assembling, and production, to transform the raw material into finished products and additionally integrating the components to the entire devices. Texas Instruments Microchip Technologies, Vorago Technologies are some of the leading global radiation-hardened electronics manufacturers. These companies are offering high quality radiation-hardened electronics and systems to, which finally install the product in aircrafts and satellites

Based on component, the global radiation-hardened electronics market is segmented into power management components, analog and digital mixed signal devices, memory, and controllers & processors. Based on manufacturing technique, the global market size is bifurcated into radiation hardening by design (RHBD) and radiation hardening by process (RHBP). The market analysis based on application is segmented into aerospace & defense, nuclear power plant, space, and others. By geography, the global market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM).

Impact of COVID-19 Pandemic on Radiation-Hardened Electronics Market

The COVID-19 outbreak resulted in a worldwide health and economic crisis. In the pre-COVID-19 scenario, the demand for radiation-hardened devices was rapidly growing. With trade tensions between China and the US, the impact of the COVID-19 pandemic on the US imports of radiation-hardened devices was witnessed. Furthermore, the US and Europe are the two prominent exporters of semiconductor components. Radiation-hardened electronics market players in the US and Europe faced severe challenges due to high import taxes on radiation-hardened electronic components and supply chain disruptions, which led to a supply-demand mismatch that hampered the radiation-hardened electronics market growth.

The leading players operating in the radiation-hardened electronics market include BAE Systems; Data Device Corporation; Honeywell International Inc.; Infineon Technologies AG; Renesas Electronics Corporation; Texas Instruments Incorporated; STMicroelectronics; Xilinx, Inc.; VORAGO Technologies; and Microchip Technology Inc. Several companies are functioning in the market and are contributing substantial revenues to propel the radiation-hardened electronics market growth

Radiation-Hardened Electronics Market – by Region

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Radiation Hardened Electronics Market Size & Analysis by 2028

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Radiation-Hardened Electronics Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Power Management Components, Analog & Digital Mixed Signal Devices, Memory, and Controllers & Processors), Manufacturing Technique [Radiation Hardening by Design (RHBD) and Radiation Hardening by Process (RHBP)], and Application (Aerospace & Defense, Nuclear Power Plant, Space, and Others)