Radiation Hardened Electronic Market Size & Share, by Component Type (Analog, Digital Mixed Signal Devices, Memory Controllers, Processors, Power Management Component); Application (Aerospace & Defense, Nuclear Power Plant, Medical Healthcare) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 3314
  • Published Date: Oct 03, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036.

Radiation Hardened Electronic Market size is estimated to cross USD 5 Billion by the end of 2036, growing at a CAGR of 10% during the forecast period, i.e., 2023-2036. In the year 2023, the industry size of the radiation hardened electronic was over USD 2 Billion. The growth of the market can be attributed to the increasing demand for electronics. The rising disposable income of people across the globe, has increased the demand for electronic products. Radiation hardened electronics may become more necessary as demand for electronics rises, especially in sectors where dependability and safety are crucial. Consumers worldwide are anticipated to spend over USD 500 billion on electronic gadgets by the end of 2022.

Moreover, the growing research and development in radiation hardened electronics, is also expected to add to the market growth. There has been a growing opportunities for radiation hardened components in scientific research and development, that is further adds opportunities to the market’s growth.


Radiation Hardened Electronics Market
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Radiation Hardened Electronic Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for Semiconductor Materials- On the account of growing usage of semiconductor materials in a variety of applications such as laptops, tablets, and others, the market is expected to expand more in the upcoming years. As per data, the global sales of semiconductors increased by over USD 420 billion in 2020.
  • Rising Demand for Satellites- The rising demand for high-speed and reliable communication services across the globe is estimated to drive market growth. More than 1,500 commercial satellite were deployed in 2021, reflecting the commercial satellite industry's recent strong growth.
  • Surging Space Industry Radiation hardened electronics are primarily driven by the aerospace sector, which is estimated to drive the market growth. According to the most recent data, in 2021, the space industry was estimated to be worth more than USD 450 billion.

Challenges

  • Exorbitant Costs of Development and Designing- The high cost and complex design of radiation hardened electronics is one of the major factors predicted to slow down the market growth. For instance, to resist the hostile space environment, electronics that have been radiation hardened need specific design considerations. The expense of the design process is increased by the need for rigorous testing and validation. In addition, compared to conventional electronics, radiation hardened electronics frequently require more expensive materials and components.
  • Growing Concerns for the Effect of Radiation on Electrical Devices
  • Lack of Production and Standardization of Radiation Hardening

Radiation Hardened Electronic Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 10%

Base Year Market Size (2023)

~ USD 2 Billion

Forecast Year Market Size (2036)

~ USD 5 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Radiation Hardened Electronic Segmentation

Application (Aerospace & Defense, Nuclear Power Plant, Medical Healthcare)

The aerospace & defense segment in the radiation hardened electronic market is estimated to gain the largest revenue share of 40% over the projected time frame. The growth of the segment can be attributed to the increasing investment by governments across the world. The aerospace and defense sectors frequently work in radiation rich environments including space, high altitudes, and nuclear settings. Radiation in such settings has the potential to disrupt or harm electronic systems, which might result in a mission.

Component Type (Analog, Digital Mixed Signal Devices, Memory Controllers, Processors, Power Management Component)

Radiation hardened electronic market from the power management component segment is expected to garner a significant share of 32%. Owing to the crucial requirement for dependable operation in challenging situations with high radiation levels, power management is highly demanded in radiation hardened devices. For instance, radiation damage to electronics in nuclear power plants might result in safety hazards or plant shutdowns. The reliable operation of safety systems at these facilities depends on radiation hardened power management systems. The number of people without electricity accounts to nearly 660 million at current, while close to two billion are expected to continue using dirty fuels and technologies for cooking by 2030.

Our in-depth analysis of the global radiation hardened electronic market includes the following segments:

                

 

              

     Component

  • Analog
  •  Digital Mixed Signal Devices
  •  Memory Controllers
  •  Processors
  •  Power Management Component

 

     Application

  • Aerospace & Defense
  •  Nuclear Power Plant
  •  Medical Healthcare

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Radiation Hardened Electronic Industry - Regional Synopsis

North American Market Forecast

The North America radiation hardened electronics market is projected to grow with a share of 33% during the forecast period. The growth of the market can be attributed majorly to the growing environmental concerns. For instance, monitoring and reducing radiation levels in a variety of applications are becoming more and more important, as environmental concerns are increasing in the region. This might result in a rise in demand for electronics that are radiation hardened and capable of operating effectively in such hostile conditions.

European Market Forecast

The Europe radiation hardened electronics market is projected to hold the largest market share of 25% by the end of 2036. The growth of the market can be attributed majorly to the increasing production of high-level electronics in the region. High-level electronics are being used in various applications in the region, which increases the demand for radiation hardened electronics, especially in severe situations where electronics are exposed to radiation. Further, in general, the rising need for high-level electronics in Europe is anticipated to spur further innovation and financial investment in radiation hardened electronics technology, in order to fulfill the rising need for dependable and durable electronic systems in a range of applications, which is also anticipated to contribute to the market growth in the region. In terms of electricity consumption, Europe is the third largest in the world after Asia and North America. Europeans were said to have used around 3.3 terawatt hours of electricity in 2022.

Research Nester
Radiation Hardened Electronics Market Size
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Companies Dominating Radiation Hardened Electronic Landscape

top-features-companies
    • Renesas Electronics Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Honeywell International Inc.
    • Xilinx, Inc.
    • Atmel Corporation
    • Microchip Technology Inc.
    • Infineon Technologies AG
    • BAE Systems
    • ST Microelectronics
    •  Microsemi Corporation
    • Texas Instruments

In-the-news

In The News

  • Texas Instruments introduced a new device screening specification called space high-grade in plastic (SHP) for radiation hardened products. These products boost thermal effectiveness, and increase bandwidth in a smaller size.
  • Infineon Technologies AG introduced industry’s first high-density radiation tolerant (RadTol) NOR Flash memory products, to provide an excellent, low pin-count, single-chip solution for tasks including FPGA setup, image storage, microcontroller data storage, and boot code storage. The equipment is radiation tolerant up to 125 krad (Si) unbiased and 30 krad (Si) biased radiation.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 3314
  • Published Date: Oct 03, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing demand of semiconductor materials, and rising demand for satellites are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2024-2036.

Exorbitant costs of development and designing, and growing concerns for the effect of radiation on electrical devices are estimated to be the growth hindering factors for the market expansion.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

The major players in the market are Xilinx, Inc., Atmel Corporation, BAE Systems, and STMicroelectronics, among others.
Radiation-Hardened Electronics Market Report Scope
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