Radiation Hardened Electronic Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Radiation Hardened Electronic Market in 2025 is assessed at USD 1.78 billion. The global market size exceeded USD 1.72 billion in 2024 and is projected to expand at a CAGR of more than 4.3%, crossing USD 2.97 billion by 2037. North America is anticipated to hit USD 980.10 million by 2037, attributed to increasing environmental concerns and rising demand for radiation-hardened electronics in various applications.
The market growth is driven by 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, growing research and development in radiation hardened electronics, is expected to fuel the market revenue.
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
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
4.3% |
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Base Year Market Size (2024) |
USD 1.72 billion |
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Forecast Year Market Size (2037) |
USD 2.97 billion |
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Regional Scope |
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Radiation Hardened Electronic Segmentation
Application (Aerospace & Defense, Nuclear Power Plant, Medical Healthcare)
The aerospace & defense segment share in the radiation hardened electronic market is estimated to surpass 40% over the projected time frame. The segment growth can be attributed to 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)
The power management component segment is expected to account for 32% radiation hardened electronic market share by 2037. 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:
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Component |
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Application |
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Customize this ReportRadiation Hardened Electronic Industry - Regional Synopsis
North American Market Forecast
The North America radiation hardened electronics market share is anticipated to surpass 33% during the forecast period. The market growth is propelled by 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 set to hold 25% share by 2037, driven by 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.
Companies Dominating Radiation Hardened Electronic Landscape
- 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
- 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
- Report ID: 3314
- Published Date: Apr 18, 2025
- Report Format: PDF, PPT
