The Radiation Hardened Electronics Global Market Report 2023 by The Business Research Company, provides radiation-hardened electronics market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Radiation Hardened Electronics Global Market Report 2023, the market size is expected to grow from $1.61 billion in 2022 to $1.69 billion in 2023 at a compound annual growth rate (CAGR) of 4.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The radiation-hardened electronicsmarket size is expected to grow to $1.95 billion in 2027 at a CAGR of 3.6%.
The increasing number of satellites is expected to propel the growth of the radiation-hardened electronics market going forward. A satellite is a tool that is launched into space to orbit the Earth and collect data. Rad-hard electronics can withstand extreme radiation and temperatures better than commercial-grade chips, which makes them suitable for space environments and are preferred to be used in satellites by space agencies, private spaceflight companies, and others.
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The radiation-hardened electronics market is segmented:
1) By Product Type: Commercial-Off-The-Shelf (COTS), Custom Made
2) By Manufacturing Technique: Rad-Hard By Process, Rad-Hard By Design, Rad-Hard By Software
3) By Component: Power Management, Application Specific Integrated Circuit, Logic, Memory, Field-Programmable Gate Array, Other Components
4) By Application: Space Satellites, Commercial Satellites, Military, Aerospace and Defense, Nuclear Power Plants, Other Applications
Technological advancement is a key trend gaining popularity in the radiation-hardened electronics market. Major companies operating in the radiation-hardened electronics market are focused on advanced technologies to strengthen their position in the market. For instance, in July 2021, Renesas Electronics Corporation, a Japan-based semiconductor manufacturer, launched a brand-new series of radiation-hardened (rad-hard), plastic-packaged components for satellite power management systems. The ISL71001SLHM/SEHM point of load (POL) buck regulator, the ISL71610SLHM and ISL71710SLHM digital isolators, and the ISL73033SLHM 100V GaN FET and integrated low-side driver are the four new devices. These devices are all made with Giant Magneto Resistive (GMR) isolation technology, which offers better radiation tolerance than the currently available space-grade optocouplers. It combines high levels of assurance with the board area savings and cost benefits of plastic packing.
The radiation-hardened electronics market report table of contents includes:
1. Executive Summary
2. Radiation-Hardened Electronics Market Characteristics
3. Radiation-Hardened Electronics Market Trends And Strategies
4. Radiation-Hardened Electronics Market – Macro Economic Scenario
5. Radiation-Hardened Electronics Market Size And Growth
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26. Africa Radiation-Hardened Electronics Market
27. Radiation-Hardened Electronics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Radiation-Hardened Electronics Market
29. Radiation-Hardened Electronics Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Microchip Technology Inc
- BAE Systems
- Renesas Electronics Corporation
- Infineon Technologies AG
- STMicroelectronics
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