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The Global Radiation Hardened Electronic Devices and Components Market size is predicted to reach $2.2 billion by 2030, growing at a CAGR of 4.2% during the forecast period 2023-2030, according to the latest market research report published by IndustryARC. The increasing demand for Radiation Hardened Electronic Devices and Components owing to the rising surge in space, aeronautics and nuclear industries are expected to propel the Market growth, finds IndustryARC in its recent report, titled “Radiation Hardened Electronic Devices and Components Market Size, Share & Trends Analysis Report By Product(Power Management, PowerMOSFET, Power GaN FET), By Voltage(Low Voltage (<100V), Medium Voltage (100-500V), High Voltage (500-1kV), Very High Voltage (1kV+)), By End-Use Industry(Aerospace, Military, Space[Satellites, Spacecraft], Nuclear, Medical, Consumer Electronics, Others), By Geography and Segment Forecasts, 2023–2030”
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APAC Register Highest Growth:
The Asia-Pacific region, and China in particular, has been making significant strides in space exploration and satellite technology. The Chinese space agency, private companies, and military applications all contribute to the demand for radiation-hardened electronic components.
Radiation Hardened Electronic Devices and Components Market 2023-2030: Scope of the Report
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Report Metric |
Details |
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Base Year Considered |
2022 |
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Forecast Period |
2023–2030 |
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CAGR |
4.2% |
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Market Size in 2030 |
$2.2 billion |
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Segments Covered |
Product, Voltage, End-Use Industry and Geography |
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Geographies Covered |
North America (USA, Canada, Mexico), South America (Brazil, Argentina, Chile, Colombia and Others), Europe (Germany, France, UK, Italy, Spain, Russia, Netherlands and Others), APAC (China, Japan, South Korea, India, Australia, Indonesia, Malaysia and Others), RoW (Middle East, Africa) |
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Key Market Players |
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Radiation Hardened Electronic Devices and Components Market Report – Key Takeaways:
Power Management segment in product type dominated the market with a market share of approximately 60% in 2022, driven by several factors, including the increasing demand for radiation-hardened electronics in commercial satellites. The proliferation of intelligence, surveillance, and reconnaissance (ISR) activities worldwide and the increasing use of electronic systems that can withstand severe nuclear environments further drive market in electronics industry. Microchip Technology Inc. announced the launch of new commercial off-the-shelf (COTS) RT Super Flash devices for defense and aerospace applications in April 2022. These devices feature Microchip memory technology’s 50-kilorad total ionizing dose tolerance in a 64-Mbit serial quad I/O NOR flash memory device.
Medical Industry to register highest growth with a CAGR of 6.8% during the forecast period. These are crucial in the medical end-use industry. These components play a vital role in diagnostic and therapeutic equipment that requires resistance to ionizing radiation, such as X-rays and gamma rays. As medical technology advances, radiation-hardened electronic components are increasingly used in emerging fields like radiopharmaceuticals, personalized medicine, and high-energy imaging. These components ensure reliable operation in high-radiation environments. This growth is driven by continuous technological innovations and expanding applications. These developments will be the major growth factors for the market in recent future.
In region, North America held the highest market share of 47% in 2022, especially the United States, has a significant presence in the aerospace and defense industry. The U.S. government invests heavily in space exploration, satellite technology, and military applications, driving the demand for radiation-hardened electronic devices and components. According to the Bureau of Economic Analysis (BEA) of the United States. the US space economy generated billions in gross output, in GDP, and in private sector pay. The rising space sector in the United States, with its major economic impact, is likely to stimulate demand for radiation-hardened electronic systems and components.
The global interest in space exploration has surged in recent years, with governments and private entities launching missions to the moon, Mars, and beyond. This increased space activity necessitates radiation-hardened electronics to ensure the reliability of critical systems onboard spacecraft. In January 2023, Microchip Technology Inc. introduced the MIC69303RT 3A Low-Dropout (LDO) Voltage Regulator, its first commercial-off-the-shelf (COTS) rad-tolerant power device. The new MIC69303RT is a high-current, low-voltage power management system aimed at LEO and other space applications.
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Key Opportunity Analysis:
Increasing Demand for Satellite Constellations and Space Exploration
As space agencies, private companies, and research institutions continue to invest in space-based initiatives, there is a substantial opportunity for manufacturers of radiation-hardened devices to provide solutions that ensure the longevity and performance of electronics in the harsh radiation environment of space.
In 2022, Ukraine launched a spacecraft, a modified version of the Sich-2 satellites, into Earth’s orbit using SpaceX’s Falcon 9 launch vehicle. With space exploration and satellite missions on the rise, there is a growing need for electronic components that can withstand the harsh radiation environment of outer space.
Increasing integration of advanced technologies in healthcare
Medical devices such as radiation therapy machines, imaging equipment, and diagnostic tools require electronics that can function reliably and accurately in the presence of radiation. The market can capitalize on the growing demand for radiation-hardened components in the healthcare sector by offering solutions that enhance the performance and safety of medical devices, contributing to the advancement of diagnostic and therapeutic technologies.
In 2022, the government tabled a draft for the new Drugs, Medical Devices and Cosmetics Bill 2022, to assure and offer thorough legal protections to ensure that the medical items sold in India are reliable, efficient, and up to required standards.
Renewed Focus on National Security and Defense
Governments and defense organizations are investing in modernizing their defense capabilities, including the development of advanced satellite systems, missile defense, and secure communication networks. The need for robust and resilient electronics in these critical applications is driving demand for radiation-hardened components. Companies positioned to provide high-performance and radiation-resistant solutions stand to capitalize on the increased investments in defense and security infrastructure worldwide.
In 2022, Microchip Technology Inc. announced the launch of new commercial off-the-shelf (COTS) RT Super Flash devices for defense and aerospace applications.
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The Report also Covers the Following Areas:
Radiation Hardened Electronic Devices and Components Market 2023-2030: Key Highlights
Covid and Ukrainian Crisis Impact:
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List of Key Market Players in Radiation Hardened Electronic Devices and Components Market:
The Global Radiation Hardened Electronic Devices and Components Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
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