Key Players in the Radiation Hardened Electronics Market Focus on Product Development and Innovation to Stay Ahead
The Radiation Hardened Electronics Market is anticipated to increase from USD 1.5 billion in 2022 to USD 1.8 billion by 2027, growing at a CAGR of 4.0% , according to MarketsandMarketsTM' report "Radiation Hardened Electronics Market by Component (Mixed Signal ICs, Processors & Controllers, Memory, Power Management), Manufacturing Techniques (RHBD, RHBP), Product Type, Application and Geography - Global Forecast to 2027," Radiation-resistant devices are becoming more and more popular because to multicore processing developments for military and space applications. The market for radiation-hardened electronics is also expected to develop as a result of rising global intelligence, surveillance, and reconnaissance (ISR) activities and rising need for electronic devices that can endure harsh nuclear environments.
Key Players in the Radiation Hardened Electronics Market are Microchip Technology Inc. (US), BAE Systems (UK), Renesas Electronics Corporation (Japan), Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), Xilinx, Inc. (US), Texas Instruments Incorporated (US), Honeywell International Inc. (US), Teledyne Technologies Inc. (US), and TTM Technologies, Inc. (US). SMEs/startups covered in the study are Cobham Limited (UK), Analog Devices, Inc (US), Data Devices Corporation (US), 3D Plus (France), Mercury Systems, Inc. (US), PCB Piezotronics, Inc (US), Vorago (US), Micropac Industries, Inc (US), GSI technology, Inc (US), Everspin Technologies Inc (US), Semiconductor Components Industries, LLC (US), AiTech (US), Microelectronics Research Development Corporation (US), Space Micro, Inc (US), and Triad Semiconductor ( US).
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Power electronics component to hold the largest size of radiation hardened electronics market during the forecast period
Power electronics that have been radiation-hardened are made to withstand the effects of radiation, such as those seen in nuclear or space environments. These parts must be dependable in the presence of radiation-induced single event effects (SEE), which can harm electronic equipment either temporarily or permanently.
Many nuclear and space applications require the use of power electronics, which includes parts like voltage regulators, DC-DC converters, and power transistors. They are crucial to the smooth operation of electrical systems because they are used to regulate and control the flow of electricity.
Given its significance in radiation-hardened applications, power electronics may end up controlling a sizable portion of the radiation-hardened electronics market during the projection period. To get the most recent information on the market for radiation-hardened electronics, it is essential to refer to current market research publications because market trends can vary depending on a wide range of factors.
COTS in product type segment is expected to grow at the fastest CAGR during the forecast period
The term "COTS" refers to pre-built, commercially available goods that are not especially created for a certain client or use. In comparison to building custom solutions, they are frequently utilised in the defence, aerospace, and other high-reliability industries to save time and money.
If a market research study shows that COTS is anticipated to expand at the quickest CAGR (compound annual growth rate) throughout the course of the projection period, this may be a sign that the market is seeing an increase in demand for pre-built, commercially available items. Numerous causes, like mounting pressure to save costs, speed up the development process, or standardise products, may be to blame for this.
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It's crucial to remember that the precise factors influencing the growth of COTS goods might differ by industry and by location. Pre-built items versus custom solutions may also come with trade-offs, such as decreased performance or less flexibility. As a result, it's crucial to carefully weigh the benefits and drawbacks of employing COTS goods in a given application.
North America expected to dominate the radiation hardened market during the forecast period
Electronics that have been radiation-hardened are made to withstand the effects of radiation, such as those seen in nuclear or space environments. These parts are employed in many different applications, including as nuclear power, aerospace, defence, and space exploration.
If a market study suggests that North America will rule the radiation-hardened market over the projection period, there may be a number of reasons for this. The space programme in North America is well-established, with major research and development being carried out in this field by private space corporations and institutions like NASA. Furthermore, the defence sector in North America is robust and largely dependent on electronics that have been radiation-hardened for military use.
It's crucial to keep in mind that the market for radiation-hardened electronics is global, and regional trends might differ depending on a wide range of circumstances. For instance, due to their respective space programmes, defence sectors, or other applications, other areas, such as Europe and Asia Pacific, may also experience a substantial need for radiation-hardened electronics. For the most recent details on the radiation-hardened electronics market and its regional trends, it is crucial to check current market research publications.
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