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Radiation Hardened Electronics Market to Expand at a CAGR of 4.1% during 2023-2031; The Space Application Segment Held 63.2% of Market Share - TMR Study

WILMINGTON, DE / ACCESSWIRE / March 27, 2023 / Transparency Market Research Inc. - The radiation hardened electronics market is estimated to reach a value of US$ 2.1 Bn by 2031. Rise in adoption of commercial satellites and surge in investment in space exploration are some of the key factors fueling the radiation hardened electronics market. Functional properties of radiation hardened electronics to withstand damage associated with radiation is fueling market demand. Radiation can cause several types of damageto electronic components, including single-event upsets (SEUs), total dose effects, and latch-up.

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Radiation hardened electronics are designed to mitigate these effects using materials and design that can withstand radiation. For example, radiation-hardened microprocessors are mostly manufactured using silicon-on-insulator technology. This design reduces the susceptibility to SEUs, thereby boosting the radiation hardened electronics market.

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Radiation Hardened Electronics Market - Key Findings of the Report

  • Rise in Adoption of Commercial Satellites Boosts Radiation Hardened Electronics Market Dynamics- Satellite communication is increasingly gaining traction in a number of commercial fields, including agricultural surveillance, military surveillance, TV broadcasting, and cellular connectivity. Radiation hardened electronics are widely used in the manufacture of these satellites. Significant investments from space and telecom companies are estimated to increase the reach of the Internet, which involves launch of large constellations of satellites. This boosts market growth.
  • Rapid penetration of next-gen technology in several developing countries of Asia Pacific entails launch of communication satellites for economic growth. Prospects of continued investment in satellite communication following the successful launch of high-power communication and broadcasting satellites, including GSAT-10 and APSTAR-7 in these countries, is anticipated to propel the global market.
  • Growth in Investment in Space Exploration Boosts Demand - Several governments, especially those of developed countries, are investing heavily in space exploration. Equipment for space exploration, which comprises electronic devices used in large numbers, needs to be radiation hardened. This protects electronics from damage associated with space radiation, such as total ionizing (TID) effects and single-event effects (SEEs), thereby creating business opportunities in the radiation hardened electronics market.
  • High Demand for Power Management Component spurs Growth - Based on component, the power management segment is anticipated to account for leading share of the radiation hardened electronics market in the next few years. Power management devices are critical components of electronic systems, as their proper functioning is essential for successful operations. In particular, demand for power management devices for outer space requirements is rising due to their remarkable strength against high-energy-charged particle and ionizing radiation.
  • Radiation Hardening by Design (RHBD) Gaining Traction - Based on manufacturing technique, the Radiation Hardening by Design segment held a leading 41.2% market share in 2022. RHBD is affordable and is suitable to produce radiation-resistant goods in high volume. Furthermore, RHBD allows rearrangement of circuit operation to prevent cells from failing during missionsand enhancing durability in harsh environments. Thus, RHBD approach is gaining traction in various applications that require electronic components to be protected from high level of radiation.

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Radiation Hardened Electronics Market - Growth Drivers

  • Increase in utilization of satellite communication for several commercial applications, including TV broadcasting and military surveillance, fuels radiation hardened electronics market
  • Properties of radiation hardened electronics to withstand space radiation for increasing space exploration programs of governments fuels demand

Radiation Hardened Electronics Market - Regional Landscape

North America is anticipated to account for leading market share during the forecast period. The region accounted for 43.2% share of the global industry in 2022.

Growth in adoption of satellite-based telemetry and communication systems, network-centric warfare techniques, and increase in investment in space mission are driving market progress in the region.

The radiation hardened electronics market in Asia Pacific is estimated to expand significantly in the near future. Rise in investment in space expedition and the military & defense sector is fueling market development in the region.

Radiation Hardened Electronics Market - Competition Insights

Competition landscape in the radiation hardened electronics market is fragmented with a strong foothold of established players. Key manufacturers are investing significantly in R&D activities to introduce new products that can withstand radiation. Furthermore, they are expanding product lines to comprise a wider range of components and systems to align with growth in adoption of radiation hardened electronics.

Manufacturers in the radiation hardened electronics market are also are engaging in collaborations with research institutions, government agencies, and other companies to increase their market share.

Prominent companies in the radiation hardened electronics market include Honeywell International Inc., Solitron Devices Inc., Teledyne Technologies Inc., TTM Technologies Inc., Cobham Advanced Electronic Solutions, Infineon Technologies AG, and Renesas Electronics Corporation.

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The radiation hardened electronics market has been segmented as follows;

Radiation Hardened Electronics Market, by Component

  • Mixed Signal ICs
  • Processors &Controllers
  • Memory
  • Power Management
  • Logic
  • Others (Sensors, etc.)

Radiation Hardened Electronics Market, by Manufacturing Technique

  • Radiation Hardening by Design (RHBD)
  • Radiation Hardening by Process (RHBP)
  • Radiation Hardening by Shielding (RHBS)

Radiation Hardened Electronics Market, by Solution

  • Commercial-off-the-shelf
  • Custom-made

Radiation Hardened Electronics Market, by Application

  • Space
  • Aerospace & Defense
  • Nuclear Power Plant
  • Others

Radiation Hardened Electronics Market, by Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East &Africa
  • South America

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