Emerging Technologies in Radiation Hardened Electronics Market
The Radiation-hardened Electronics Market is anticipated to expand significantly between 2022 and 2027. The market is anticipated to grow from USD 1.5 billion in 2022 to USD 1.8 billion by 2027, according to industry research. During the predicted period, this growth indicates a compound annual growth rate (CAGR) of 4.0%.
Due to a number of motivating factors, the radiation-hardened electronics sector is expected to experience promising growth. First off, commercial satellites are increasingly in need of radiation-hardened electronics. Electronic components that can endure the severe radiation environment of space are essential as the number of satellites being used for communication, navigation, and remote sensing increases. The market for electronics that have been radiation-hardened is anticipated to expand due to this need.
Radiation hardened electronics market in North America is expected to maintain the highest share during 2022-2027
From 2022 to 2027, it is anticipated that the North American area will continue to hold the largest market share for radiation-hardened electronics. The existence of industry titans like Honeywell Aerospace & Defence, Microchip Technology, and Xilinx, Inc. is largely to blame for this supremacy. Famous space research organisations like NASA, FSRI, and KISS also contribute to the expansion of the regional sector.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=44047967
The United States is a significant exporter of radiation-resistant components to numerous nations worldwide. The demand for radiation-hardened electronics devices is expected to continue high due to the numerous space flights and military operations occurring in the area, despite economic difficulties and budget restrictions in the Department of Defence (DoD).
A business called BAE Systems specialises in the creation and supply of cutting-edge, very reliable electronics that have been radiation-hardened at different levels, including components, cards, and units. The markets for commercial and military electronics are both served by their product line. Flight and engine controls, electronic warfare and night vision systems, surveillance and reconnaissance sensors, mobile networked communication equipment, systems integration, space systems, and eco-friendly energy management systems are just a few of the wide variety of products offered by the company. These products are made to adhere to the most exacting standards for robustness and dependability in radiation-prone settings. By providing RF systems, processing for synthetic aperture radar, antenna design, mapping software, and radiation-hardened electronics, BAE Systems also focuses on strengthening the command, communication, and control capabilities for spacecraft. These innovations are essential to the efficient functioning and performance of spacecraft.
The global leader in radiation-hardened electronics, Microchip Technology Inc. provides a wide range of devices especially made for space applications. They offer radiation-resistant and radiation-tolerant products like field-programmable gate arrays (FPGAs), application-specific integrated circuits (ASICs), power management systems, memory components, microprocessors, microcontrollers, communication interfaces, diodes, transistors, mixed-signal integrated circuits (ICs), frequency and timing solutions, RF components, custom semiconductor packaging, and integrated power distribution systems. To consistently improve its product offerings and diversify into new market verticals, the company maintains a major emphasis on research and development (R&D) efforts. Microchip Technology demonstrated its dedication to innovation and technical advancement in 2021 by investing over 15% of its revenue on R&D. Microchip Technology continually introduces new products and enhances its current portfolio in order to preserve its dominant position in the market. They are able to meet changing client expectations and maintain their leadership in the radiation-hardened electronics sector because to their commitment to product development.
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=44047967
Which region is expected to adopt radiation hardened electronics at a fast rate?
Radiation-hardened electronics are predicted to be adopted quickly in the Asia Pacific area. This region, which is well-known as a major global manufacturing hub, presents promising growth opportunities for the market for radiation-hardened electronics. The area has the potential to adopt radiation-hardened electronics more quickly since nations like China, India, and Japan have advanced manufacturing capabilities.
China dominates the global electronics market because to its strong manufacturing sector and ongoing technical breakthroughs. The nation's emphasis on innovation combined with bettering economic circumstances fosters a climate that is conducive to the adoption of radiation-hardened electronics.
A significant market in the Asia Pacific region, India is likewise experiencing rapid expansion in the electronics manufacturing industry. Advancements in electronics have been facilitated by programmes like "Make in India" and the promotion of domestic manufacture, which have drawn substantial investments.
Japan has a long history in the electronics sector and is famous for its technological prowess. Japan is anticipated to lead the quick adoption of radiation-hardened electronics in the region thanks to its strong manufacturing capabilities and dedication to innovation.
Radiation Hardened Electronics Market Dynamics
Driver: Increasing demand for radiation-hardened electronics in commercial satellites
Several factors are causing the demand for radiation-hardened electronics in commercial satellites to rise. The demand for small satellites is being driven by the growing need for accessible satellite communication for uses including military surveillance, television content delivery, mobile phone connectivity, and agriculture surveillance. These satellites have a lifespan of 15 to 20 years and are frequently launched into geosynchronous orbits to ensure optimal coverage.
The demand for radiation-hardened electronic equipment has increased as a result of the increasing number of communication satellites orbiting the Earth. To improve global connection, a number of New Space entrepreneurs, including OneWeb, SpaceX, Amazon, and Telesat, intend to launch mega constellations made up of tens of thousands of low Earth orbit satellites in the upcoming years. In fact, Amazon was given the go-ahead by the US Federal Communications Commission (FCC) in July 2020 to launch and run its 3,236-satellite internet network.
Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/radiation-hardened-electronics-market-44047967.html
Satellite communication programmes are also actively being pursued by developing nations like China and India. These nations have successfully launched cutting-edge communication satellites including the 15-year or longer CMS-01, GSAT-10, and APSTAR-7. China's new ChinaSat 1D communication satellite was launched in November 2021, considerably enhancing its capacity to carry radio, internet, and telephone communications.
Opportunity: Increasing space missions globally
Globally expanding space missions offer a sizable opportunity for the radiation-hardened electronics sector. The need for enhanced radiation-hardened components, cutting-edge configuration and design methods, and software models that increase the radiation tolerance of electronic components used in space applications is fueled by these missions.
In terms of space exploration, the United States has been in the forefront and has worked closely with numerous space organisations. The nation can efficiently carry out space endeavours thanks to its strong manufacturing capabilities, reliable testing infrastructure, and qualified workforce. The US is concentrating especially on advancing space tourism and growing its commercial spacecraft sector.
Challenge: Customized requirements from high-end consumers
Meeting the specialised needs of high-end customers, in particular space agencies, is a considerable challenge in the radiation-hardened electronics business. These customers seek radiation-hardened solutions that are specialised to their unique requirements and have excellent integration, efficiency, and compact features. However, creating such specialised solutions necessitates significant time, money, and research and development (R&D) expenditures.
To satisfy end consumers' specialised needs, manufacturers must devote large resources to innovation and design strategies. As a result of manufacturers customising their designs to fit the unique needs of every client, this can lead to lengthy development cycles for radiation-hardened components. Delivering customised radiation-hardened products is difficult for manufacturers because of the intricacy of modification.
The restricted amount of lab time available for the certification of radiation-hardened chipsets is another barrier. To make sure that the components adhere to the required radiation-hardened criteria, certification is a must. The lack of sufficient lab time, however, may result in certification delays, which have an influence on the supply of customised product lines.
News Covered:
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com
Comments
Post a Comment