The Global Radiation-Hardened (rad-hard) Electronic Components Market is projected to reach 1496.4 Million by 2025, expanding at a CAGR of 4.9% from 2017 to 2025.
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Radiation hardening is an act of producing electronic systems or components resistant to malfunction or damage done by ionizing radiation (electromagnetic radiation and particle radiation of high energy). These radiations are encountered in high-altitude flights and outer space, around particle accelerators and nuclear reactors, or during nuclear wars and nuclear accidents.
Most of the electronic components are disposed to damage by these radiations. However radiation hardened electronic components are placed on the non-hardened components with some manufacturing and design variations reducing the vulnerability to radiation damage.
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The Global Radiation-Hardened (rad-har…Components Market was valued at 978.1 Million in 2016 and is projected to reach 1496.4 Million by 2025, expanding at a CAGR of 4.9% from 2017 to 2025.
The Global Radiation-Hardened Electronic Components Market is boosted by factors such as:
- Rising demand for power management devices.
- Rising demand for diodes, transistors, and MOSFETs in various defense and space applications.
- Increase in the number of space missions.
Based on component, the power management segment have been a major market for radiation-hardened electronics. With the increased demand for transistors, diodes, and MOSFETs in various space and defense applications, more and more advancements in this technology is taking place and is focused on incorporating radiation-hardened electronics power management chipsets into several devices.
Power management components are greatly influenced by the rad-hard electronics market. MOSFETs are the most widely used components by almost every industry in the modern era and are posing good opportunities for industry players to invest in such technologies.
On the basis of application, the artificial satellites segment accounted for significant revenue shares and dominated this market in 2015. This is mainly due to the increased demand for rad-hard electronics from BRIC countries and the US.
The expected upsurge in the number of commercial satellites to be launched during the estimated period will drive this market’s growth as they are designed to be more durable and have longer life cycles.
Based on end-users, this market study estimates that the government sector was the major end-user segment for rad-hard electronics throughout the forecast period. The use of rad-hard electronics in space programs and nuclear power reactors will impel the market’s growth prospects.
Though the segment will witness a decline in its market share in the forthcoming years, it will continue to dominate the market.
Geographically, North America is the largest market for radiation hardened electronics market. Europe is the second largest global market followed by Asia-Pacific.
In North America, U.S. accounts for the largest share in the global market. Canada and Mexico follow the numbers in the U.S.
for this market. The rising demand of the global market in North American region could be due to presence of rad-hard component manufacturers in large numbers. presence of some of the most famous defense and space research institutes is the major reason for growing radiation hardened electronics market.
Some of the leading players operating in the Global Radiation-Hardened Electronic Components Market include Honeywell Electronics, BAE Systems, Texas Instruments, STMicroelectronics, Atmel Corporation, Microsemi Corporation, Xilinx, Cobham, VPT, Data Device Corporation, Linear Technology Corporation, Ridgetop, Vorago Technologies, Intersil Corporation, Maxwell Technologies Inc., Texas Instruments Inc and so on.
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