Radiation Hardened Electronics Market Opportunities, Business Size with Expansion Plans 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. 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 gl