The Radiation-Hardened Electronics Market is expected to grow from USD 1.4 billion in 2020 to USD 1.7 billion by 2026 at a CAGR of 3.5% from 2020 to 2026.
Radiation-hardened electronics refers to several electronic components, packages and products which are majorly used for high-altitude applications. The materials used for the production of such components such as silicon carbide, silicon, gallium nitride and hydrogenated amorphous silicon. These components can withstand the damage caused by ionizing and high-energy radiations, and gamma and neutron radiation emitted by nuclear reactors. They are highly used in satellites, aircraft and nuclear power plants in the form of switching regulators, microprocessors and power supply devices. Industries use radiation-hardened electronics to protect devices/systems from the effects of radiation. Rising intelligence, surveillance and reconnaissance (ISR) operations, huge demand for radiation-hardened electronics in the communication satellite segment, and surging demand for electronic systems which can withstand considerable radiation exposure in the nuclear power industry is projected to propel the growth of radiation-hardened electronics market. The key factor accelerating the radiation-hardened electronics market is the surging demand for power management devices. Another key factor augmenting the requirement for a radiation-hardened electronics market is the rising need for diodes, transistors in several industries, particularly in defense and space applications. In addition, technological advancements are leading to emphasize on the incorporation of radiation-hardened electronics chips into multiple devices, which is also projected to boost the market growth. Furthermore, the increase in the number of space missions, backed by the increase in demand for communication satellites is anticipated to fuel the growth of the radiation-hardened electronics market. Apart from this, the huge costs incurred in development and designing are likely to impede the market growth.
The ever-rising growth in internet accessibility around the world coupled with several technological advancements including 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have majorly fueled the economic growth in the last two decades. In addition to this, the growth in ICT sector has vitally contributed towards GDP growth, labor productivity, and research and development spending among other transformations of economies in several nations of the world. Moreover, the production of goods and services in the ICT sector is also responsible for the economic growth and development.
The global Radiation-Hardened Electronics Market is segregated on the basis of Component Type as Analog & Digital Mixed Signal Devices, Memory, Controllers & Processors and Power Management Component. Based on Manufacturing Technique the global Radiation-Hardened Electronics Market is segmented in Rad-Hard by Design and Rad-Hard by Process. Based on Product Type the global Radiation-Hardened Electronics Market is segmented in Custom-made and Commercial-Off-The-Shelf (COTS). Based on Application the global Radiation-Hardened Electronics Market is segmented in Space, Aerospace & Defense, Nuclear Power Plants, Medical and Others.
The global Radiation-Hardened Electronics Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Radiation-Hardened Electronics Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Maxwell Technologies, Maxwell Technologies Inc., Maxwell Technologies, Inc., Microchip Technology Inc, Microchip Technology Inc. and others are among the major players in the global Radiation-Hardened Electronics Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Radiation-Hardened Electronics Market has been segmented as below:
Radiation-Hardened Electronics Market, By Component Type
Radiation-Hardened Electronics Market, By Manufacturing Technique
Radiation-Hardened Electronics Market, By Product Type
Radiation-Hardened Electronics Market, By Application
Radiation-Hardened Electronics Market, By Region
Radiation-Hardened Electronics Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global Radiation-Hardened Electronics Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Radiation-Hardened Electronics Market share. Major industry players with significant revenue share include Maxwell Technologies, Maxwell Technologies Inc., Maxwell Technologies, Inc., Microchip Technology Inc, Microchip Technology Inc. and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Radiation-Hardened Electronics Market, By Component Type
5.1. Key Points
5.2. Analog & Digital Mixed Signal Devices
5.3. Memory
5.4. Controllers & Processors
5.5. Power Management Component
6. Radiation-Hardened Electronics Market, By Manufacturing Technique
6.1. Key Points
6.2. Rad-Hard by Design
6.3. Rad-Hard by Process
7. Radiation-Hardened Electronics Market, By Product Type
7.1. Key Points
7.2. Custom-made
7.3. Commercial-Off-The-Shelf (COTS)
8. Radiation-Hardened Electronics Market, By Application
8.1. Key Points
8.2. Space
8.3. Aerospace & Defense
8.4. Nuclear Power Plants
8.5. Medical
8.6. Others
9. Competitive Landscape
9.1. Introduction
9.2. Start-up companies- Radiation-Hardened Electronics Market
9.3. Recent Developments
9.3.1. Mergers & Acquisitions
9.3.2. New Product Developments
9.3.3. Portfolio/Production Capacity Expansions
9.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5. Others
10. Company Profile
10.1. Maxwell Technologies
10.2. Maxwell Technologies Inc.
10.3. Maxwell Technologies, Inc.
10.4. Microchip Technology Inc
10.5. Microchip Technology Inc.
10.6. Micropac Industries, Inc
10.7. Micropac Industries, Inc.
10.8. Microsem
10.9. pSemi
10.10.3D Plus
10.11. 3D Plus SA
10.12. Analog Devices Inc.
10.13. Analog Devices, Inc
10.14. Anaren Inc
10.15. Anaren, Inc.
10.16. BAE Systems
10.17. Cobham Limited
10.18.Cobham Plc
Radiation-Hardened Electronics Market, By Component Type
Radiation-Hardened Electronics Market, By Manufacturing Technique
Radiation-Hardened Electronics Market, By Product Type
Radiation-Hardened Electronics Market, By Application
Radiation-Hardened Electronics Market, By Company