Radiation Hardened Electronics Market Size, Fast-Growing Industry with Share, Trends, Developments, Revenue and Forecast to 2027
The Radiation Hardened Electronics Market is expected to grow from USD 1.5 billion in 2022 to USD 1.8 billion by 2027; it is expected to grow at a CAGR of 4.0% from 2022 to 2027.
The market has a promising growth potential due to several driving factors including, growing demand for radiation-hardened electronics in commercial satellites; proliferation of intelligence, surveillance, and reconnaissance (ISR) activities worldwide; and increasing use of electronic systems that can withstand a severe nuclear environment further drives the radiation hardened electronics market.
“Radiation hardened electronics market in North America is expected to maintain the highest share during 2022-2027”
North America is expected to hold the largest share of the radiation hardened electronics market throughout the forecast period. Growth is attributed to the large presence of leading companies such as Honeywell Aerospace & Defense (US), Microchip Technology (US), and Xilinx, Inc. (US) and renowned space research institutes such as the National Aeronautics and Space Administration (NASA), the Florida Space Research Institute (FSRI), and Keck Institute for Space Studies (KISS).
Most of the radiation-hardened components are supplied by the US to several parts of the world. Despite the stagnant economic growth and DoD budget costs, the demand for radiation-hardened electronics products is expected to continue to be high owing to various space missions and military operations being conducted in the region. For instance, in April 2022, ROCKET LAB USA deployed two satellites in orbit for BlackSky (US), a real-time geospatial intelligence company. These two new satellites combine 112 satellites launched by ROCKET LAB USA in space.
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Scope of the Report
| Report Metric | Details |
| Estimated Market Size | USD 1.5 Billion |
| Projected Market Size | USD 1.8 Billion |
| Growth Rate | CAGR of 4.0% |
| Market size available for years | 2022–2027 |
| On Demand Data Available | 2030 |
| Report Coverage |
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| Segments covered |
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| Geographies covered |
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| Companies covered |
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| Key Market Driver | Increasing demand for radiation-hardened electronics in commercial satellites |
| Largest Growing Region | Asia Pacific (APAC) |
| Largest Market Share Segment | Power Management Component Segment |
| Highest CAGR Segment | RHBD Accounts Segment |
BAE Systems develops and provides advanced high-reliability radiation-hardened electronics at the component, card, and unit levels. The products offered for the commercial and military electronics markets include flight and engine controls, electronic warfare and night vision systems, surveillance and reconnaissance sensors, mobile networked-communication equipment, systems integration, space systems, and environment-friendly energy management systems. The company offers RF systems, synthetic aperture radar processing, antenna design, mapping software, and radiation-hardened electronics to enhance the command, communicate, and control functionalities for spacecraft. The company offers a wide range of radiation-hardened electronics for spacecraft and satellites such as multicore single board computers, memories, FPGAs, and ASICs.
Microchip Technology Inc. has a broad portfolio of radiation-hardened and radiation-tolerant space products including FPGAs, ASICs, power management, memory, microprocessors & microcontrollers, communication interfaces, diodes, transistors, mixed signal ICs, frequency and timing solutions, RF components, custom semiconductor packaging, and integrated power distribution systems. The company majorly focuses on research & development activities to accelerate its product offerings for new industry verticals. In 2021, Microchip Technology Inc. invested approximately 15% of its revenue in R&D activities. The company is also innovating upon its product portfolio and expanding its market through product launches to maintain its leading position in the market. It has a wide geographic reach, with sales and distribution channels in North America, Europe, Middle East, South America, Africa, and Asia Pacific.
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Which region is expected to adopt radiation hardened electronics at a fast rate?
Asia Pacific is considered a major manufacturing hub in the world and is expected to provide ample growth opportunities to the radiation hardened electronics market in this region. Due to cutting-edge technological manufacturing abilities and improving economic conditions in China, India, and Japan, the region is expected to witness high growth in the coming years.
Driver: Increasing demand for radiation-hardened electronics in commercial satellites
Increasing demand for affordable satellite communication for various applications such as agriculture surveillance, television content and cell phone connectivity, and military surveillance and monitoring is accelerating the demand for small satellites. These commercial satellites are often launched in geosynchronous orbits for optimal coverage and exhibit a life span of 15–20 years. The increasing number of communication satellites in the earth’s orbit has increased the demand for radiation-hardened electronics systems. The New Space entrepreneurs, including OneWeb, SpaceX, Amazon, and Telesat, are planning to launch a mega constellation of thousands of low earth orbit satellites in the next few years, to enhance the global connectivity network. In July 2020, Amazon was granted an approval by the US Federal Communications Commissions (FCC) to launch and operate its internet constellation of 3,236 satellites. Developing countries, such as India and China, are also taking initiatives to launch communication satellites. For example, the advanced communication satellites CMS-01, GSAT-10, and APSTAR-7 launched by India and China were among the successful high-power communication and broadcasting satellites the countries have launched till date, with a design life of 15 years. In November 2021, China launched its new ChinaSat 1D communication satellite for transmitting internet, telephone, and radio signals.
Opportunity: Increasing space missions globally
The increasing number of space missions worldwide is accelerating the demand for advanced radiation-hardened components, new configuration and design techniques, and software models to improve the radiation tolerance of electronic components. The US was the first country to work very closely with many space associations and show interest in undertaking initiatives to enter space. Its manufacturing abilities and testing infrastructure, along with a qualified workforce, make it easier for the country to perform these activities. The country is highly inclined toward the expansion of its commercial spacecraft industry and space tourism. In April 2022, NASA and SpaceX have launched their Crew-4 mission with all civilian crew to conduct research in microgravity aboard the space station and open up access for more people in space.
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