Latest News- Radiation-Hardened Electronics Market: Custom made is expected to lead the Product Type segment during 2024-2028

The Radiation-Hardened Electronics Market is being driven by Rising need for radiation-hardened electronics in space applications

The Radiation-Hardened Electronics Market is expected to grow at a CAGR of 3.2% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 275 million. The radiation-hardened electronics market is witnessing significant growth, with key players implementing strategic initiatives to expand their market presence. New product launches are a primary focus, enabling companies to broaden their offerings and cater to diverse end-users. For instance, Renesas Electronics Corporation introduced a new line of plastic-packaged rad-hard devices for satellite power management systems in July 2021. Similarly, STMicroelectronics launched radiation-hardened ICs for cost-conscious space satellites in March 2022. These developments will bolster market expansion throughout the forecast period. International and local players are actively participating in this market, with new product launches being a significant growth driver. Companies leverage these initiatives to strengthen their product portfolios and cater to the unique requirements of the radiation-hardened electronics market in various industries. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product Type
  • Custom made
  • Commercial-off-the-shelf (COTS)
• Component
  • Power management
  • Mixed signal ICs
  • Processors and controllers
  • Memory
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
  • APAC
    • China
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising need for radiation-hardened electronics in space applications
• Growing satellite missions
• Growing surveillance and reconnaissance

However, the market also witnesses some limitations, which are as follows:

• High cost associated with manufacturing
• Volatility in raw material prices
• Challenges and limitations of radiation detection and monitoring instruments

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Market Scope in Radiation-Hardened Electronics Market Research Report

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Research Analysis Overview

The Radiation-Hardened Electronics Market encompasses technologies and solutions designed to enhance the resistance of electronic components, systems, and subsystems against the damaging effects of ionizing radiation. Key elements include radiation tolerance, dose rate, and SEU rate management, radiation effects analysis, simulation, and mitigation. Radiation-hardened components, ASICs, FPGAs, SoCs, embedded systems, networks, data acquisition, processing, storage, power management, thermal control, mechanical design, materials, manufacturing processes, qualification standards, certification, and life cycle management are all crucial aspects of this market.

Market Research Overview

The radiation-hardened electronics market is a niche segment within the larger global electronic equipment and instruments market. This market caters to the production of electronics capable of withstanding the harsh space environment, including single event upsets caused by cosmic rays and high-energy particles. Radiation hardening is a crucial process to ensure the reliability and functionality of electronics in extreme conditions. Technavio's market analysis projects growth in this sector due to the increasing demand for advanced technology in industries such as aerospace, defense, and telecommunications, where radiation exposure is a significant concern. The total ionizing dose and single event upset rates are critical factors in the design and development of radiation-hardened electronics. The global electronic equipment and instruments market, which encompasses manufacturers of communications equipment, technology hardware storage and peripherals, electronic components, consumer electronics, and industrial electronics, is expected to experience significant growth due to the increasing demand for electronic test and measurement equipment, driven by technological advancements and digital transformation across various industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/