Global radiation-hardened electronics industry expected to reach $1.8 billion by 2027 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The report “Radiation Hardened Electronics Market by component (Mixed Signal ICs, Processors & Controllers, Memory, Power Management), manufacturing techniques (RHBD, RHBP), product type, application and geography (2022-2027)” has been added to from ResearchAndMarkets.com offer.

The Radiation Hardened Electronics Market is expected to grow from USD 1.5 Billion in 2022 to USD 1.8 Billion by 2027, at a CAGR of 4.0% during the forecast period.

Increasing Intelligence, Surveillance and Reconnaissance (ISR) operations worldwide are driving the radiation hardened electronics market. ISR space operations also include the satellite constellation which is used for target tracking, missile warning, data coverage, communication and other capabilities, which is accelerating the demand for radiation hardened electronics. Additionally, the growing demand for radiation-hardened electronics in commercial satellites has increased the demand for radiation-hardened electronic systems.

Memory Components Market is Expected to Grow at a Higher CAGR During the Forecast Period

Memory in component segment is expected to grow at the fastest CAGR during the forecast period. Growth is driven by the increasing adoption of radiation-hardened memory solutions for compute-intensive applications in the aerospace industry. It helps to provide high density and enhanced performance to handle large amount of data obtained from various sensors and processors.

The aerospace industry is moving from ground-based data processing to real satellites that require low latency and high computing power. SRAM offers a better solution for image processing in onboard satellites by offering high memory bank restriction and improved latency.

Radiation-hardened electronics market for space applications is expected to grow with the highest CAGR during the forecast period

The economic importance of the space sector has increased, as several commercial players have developed innovative products and services related to telecommunications, navigation, etc. This should propel the need for new satellite systems, generating growth opportunities for radiation-hardened electronics. market. According to the Space Foundation’s 2021 report, the global space economy grew to $447 billion, with a 4.4% increase from 2019.

Moreover, increase in government initiatives to support space infrastructure is an added benefit for market growth. Radiation-hardened component designers tend to increase the capabilities of government and consumer space applications. Thus, there is a growing need for radiation immunity and signal processing for spacecraft and satellite electronic systems.

Despite the economic downturn and the cancellations of several space programs, the demand from designers and integrators for radiation-hardened electronic components in military and commercial satellite applications has not diminished. The need for high performance signal processing payloads that can survive in a variety of high radiation environments for longer periods of time is driving the demand for radiation hardened electronics in space applications.

Asia-Pacific Radiation-Hardened Electronics Market to Register Highest CAGR from 2022-2027

The Asia-Pacific radiation hardened electronics market is expected to grow at the highest CAGR during the forecast period. Growth is driven by increased government initiatives and funding activities for the space/satellite industry. Various countries in the region are focusing on developing and launching local satellites and spacecraft. For example, in March 2022, the city government of Wuhan announced the granting of $7.88 million in cash incentives for projects related to the manufacture of rockets, satellites and spacecraft.

These financial incentives for the space industry should lead to increased opportunities for radiation-hardened components. The technological and manufacturing capabilities of China and Japan make the region a formidable competitor in the global market. The Indian Space Research Organization (ISRO), China National Space Administration (CNSA), Japan Aerospace Exploration Agency (JAXA), Indian intelligence agencies and the Japanese Ministry of Defense are some of the renowned institutions that effectively use radiation resistant components.

Market dynamics

Drivers

  • Increased intelligence, surveillance and reconnaissance (Isr) activities

  • Technological advances in multi-core processors used for military and space applications

  • Growing demand for radiation-hardened electronics in commercial satellites

  • Proliferation of electronic systems capable of withstanding harsh nuclear environments

Constraints

  • Difficulties in creating real test environments

  • High costs associated with developing and designing radiation-hardened products

Opportunities

  • Increase in space missions globally

  • Growing demand for reconfigurable radiation-hardened electronics

  • Growing demand for off-the-shelf commercial components in space satellites

Challenges

  • Personalized requirements of high-end consumers

Companies cited

  • 3D+

  • Aitech

  • Analog Devices, Inc.

  • Bae systems

  • Cobham Limited

  • Data Appliance Company

  • Everspin Technologies Inc.

  • Gsi Technology, Inc.

  • Honeywell International Inc.

  • Infineon Technologies AG

  • Mercury Systems, Inc.

  • Microchip Technology Inc.

  • Microelectronics Research Development Company

  • Micropac Industries, Inc.

  • PCB Piezotronics, Inc.

  • Renesas Electronics Corporation

  • Semiconductor Component Industries, LLC (on Semiconductors)

  • Space Micro Inc.

  • Stmicroelectronics

  • Teledyne Technologies Inc.

  • Texas Instruments Incorporated

  • Semiconductor triad

  • TTM Technologies, Inc.

  • vorago

  • Xilinx, Inc. (Advanced Micro Devices, Inc.)

For more information about this report visit https://www.researchandmarkets.com/r/2srykx

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