Radiation Hardened Electronics Market
Radiation Hardened Electronics Market Forecasts to 2028 - Global Analysis By Component (Logic, Field-Programmable Gate Array and Other Components), Technique (Radiation Hardening by Process and Radiation Hardening by Design and Other Techniques), Material Type (Gallium Nitride, Silicon and Silicon Carbide), Product Type, Application and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $1.5 BN |
|
Projected Year Value (2028) |
US $2.1 BN |
|
CAGR (2022 - 2028) |
6.0% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Radiation Hardened Electronics Market is accounted for $1.5 billion in 2022 and is expected to reach $2.1 billion by 2028 growing at a CAGR of 6.0% during the forecast period. Various electronic parts, packages, and goods that are primarily used for high-altitude applications are referred to as radiation-hardened electronics. Silicon, silicon carbide, gallium nitride, and hydrogenated amorphous silicon are employed as raw materials in the fabrication of such components. Satellites, aeroplanes, and nuclear power plants all make substantial use of switching regulators, microprocessors, and power supply devices. As a result, they are frequently used in a variety of industries, such as the military, aerospace, and defence.
According to The Union of Concerned Scientists (UCS), there are about 2,666 operational satellites revolving around the earth as of April 2020. According to the estimation of Euroconsult, there will be about 990 satellites to be launched every year, which can lead to 15,000 satellites in orbit by 2028.
Market Dynamics:
Driver:
Rising number of space missions
The demand for sophisticated radiation-hardened components, innovative configuration and design methodologies, and software models to increase the radiation tolerance of electronic components is growing as a result of the increasing number of space missions globally. However, rising demand for low-cost satellite communication for a variety of applications such as agriculture surveillance is propelling the market forward.
Restraint:
Challenges in developing a proper testing environment
The limiting aspect is the development of a testing environment that can accurately replicate space, a nuclear war, or the environment of defence. Building a radiation-hardened electronics test lab is quite expensive and requires highly skilled personnel. Depending on the needs of the application, a variety of methods can be used to test radiation effect and shielding. Hence, these factors are restraining the growth of the market.
Opportunity:
Increasing demand for intelligence and surveillance
The expansion of intelligence, surveillance, and reconnaissance operations will likely have an effect on the market's expansion. Rapid advances in field-programmable gate array and multicore processor technologies for military and space applications, as well as increased demand for third generation semiconductor materials in electronic devices due to a wider band gap than silicon, are expected to drive market growth.
Threat:
Customized requirements from high-end consumers
Space agencies want to use specialised radiation-hardened goods that have high levels of integration, efficiency, and compactness. The businesses are embracing a number of innovations, which involves a major investment in terms of time and money as well as R&D. The supply of customised product lines is also anticipated to be impacted by a lack of lab time available for the certification of radiation-hardened chipset.
Covid-19 Impact
The COVID-19 lockdown constraints and restrictions on manufacturing processes and supply chains by the governments of European countries had a negative effect on the overall industry growth. But after the start of the coronavirus pandemic, signs of economic recovery started to appear about a year ago. These indications quickly spread to several industries and areas, prompting a stronger-than-anticipated economic rebound and previously unheard-of global chip shortage. When natural disasters and the rise in local Covid cases wreaked havoc, manufacturing capacity became and remains a limiting concern.
The power management segment is expected to be the largest during the forecast period
The power management segment is estimated to have a lucrative growth, due increased demand for radiation hardened power conversion. Any electronics system must include power devices because they are essential to its operation. Power devices are evolving as a result of technological improvements, with fewer losses and more functionality. Gallium nitride is one of the cutting-edge materials that producers are incorporating to enhance the performance of power devices in high radiation settings.
The radiation hardening by design segment is expected to have the highest CAGR during the forecast period
The radiation hardening by design segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its low cost, ease of modification, and its ability to allow the production of radiation-hardened products in a large volume. This makes use of a number of ideas, including layout solutions and component setup. This manufacturing method enables circuit reconfiguration to prevent cells from failing during the mission and contributes to increased reliability in harsh situations.
Region with Largest share:
North America is projected to hold the largest market share during the forecast period owing to technological advancements and the presence of a large number of end-users. The region's steady expansion in the target market has also been facilitated by the region's strong R&D and industrial infrastructure. During the forecast period, the market's growth prospects are anticipated to be boosted by the rapid adoption of network-centric warfare techniques.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to increasing demand for more efficient and cost-effective radiation hardened by design components. The need for radiation-hardening electronics is anticipated to rise as radiation-hardening materials are used more frequently and as the newest technologies improve quickly. It is anticipated that rising academic research using nano satellites and expanding space exploration programmes will support market demand.
Key players in the market
Some of the key players profiled in the Radiation Hardened Electronics Market include Renesas Electronics Corporation, IBM Corporation, Microchip Technology Inc., Cobham Limited, Analog Devices Inc., BAE Systems, Infineon Technologies AG, GSI Technology Inc, Ai Tech, STMicroelectronics, Honeywell International, Texas Instruments Incorporated, Mercury Systems Inc., Teledyne Technologies Inc., Data Devices Corporation and TTM Technologies Inc.
Key Developments:
In March 2022, STMicroelectronics (Switzerland) announced the release of a new series of radiation-resistant power, analogue, and logic ICs housed in a low-cost plastic package. The new series is anticipated to include radiation-resistant components such as voltage regulators, data converters, logic gates, and LVDS transceivers, which are utilised in a variety of space applications, including telemetry start trackers and onboard computers.
In September 2021, Microchip Technology Inc. (US) announced that it would join the Defense Advanced Research Projects Agency (DARPA) Toolbox initiative, which is anticipated to provide open licencing opportunities for organisation researchers. Microchip's participation in defence and aerospace development programmes helps to accelerate innovation.
Components Covered:
• Logic
• Field-Programmable Gate Array
• Memory
• Power Management
• Application Specific Integrated Circuit
• Sensors
• Analog & Digital Mixed Signal Services
• Other Components
Techniques Covered:
• Radiation Hardening by Process
• Radiation Hardening by Design
• Radiation Hardening by Software
• Other Techniques
Material Types Covered:
• Gallium Nitride
• Silicon
• Silicon Carbide
• Other Material Types
Product Types Covered:
• Commercial-Off-the-Shelf
• Custom Made
• Other Product Types
Applications Covered:
• Aerospace and Defense
• Military
• Nuclear Power Plants
• Space Satellites
• Commercial Satellites
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Radiation Hardened Electronics Market, By Component
5.1 Introduction
5.2 Logic
5.3 Field-Programmable Gate Array
5.4 Memory
5.5 Power Management
5.6 Application Specific Integrated Circuit
5.7 Sensors
5.8 Analog & Digital Mixed Signal Services
5.9 Other Components
6 Global Radiation Hardened Electronics Market, By Technique
6.1 Introduction
6.2 Radiation Hardening by Process
6.3 Radiation Hardening by Design
6.4 Radiation Hardening by Software
6.5 Other Techniques
7 Global Radiation Hardened Electronics Market, By Material Type
7.1 Introduction
7.2 Gallium Nitride
7.3 Silicon
7.4 Silicon Carbide
7.5 Other Material Types
8 Global Radiation Hardened Electronics Market, By Product Type
8.1 Introduction
8.2 Commercial-Off-the-Shelf
8.3 Custom Made
8.4 Other Product Types
9 Global Radiation Hardened Electronics Market, By Application
9.1 Introduction
9.2 Aerospace and Defense
9.3 Military
9.4 Nuclear Power Plants
9.5 Space Satellites
9.6 Commercial Satellites
9.7 Other Applications
10 Global Radiation Hardened Electronics Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Renesas Electronics Corporation
12.2 IBM Corporation
12.3 Microchip Technology Inc.
12.4 Cobham Limited
12.5 Analog Devices Inc.
12.6 BAE Systems
12.7 Infineon Technologies AG
12.8 GSI Technology Inc
12.9 Ai Tech
12.10 STMicroelectronics
12.11 Honeywell International
12.12 Texas Instruments Incorporated
12.13 Mercury Systems Inc.
12.14 Teledyne Technologies Inc.
12.15 Data Devices Corporation
12.16 TTM Technologies Inc.
List of Tables
1 Global Radiation Hardened Electronics Market Outlook, By Region (2020-2028) ($MN)
2 Global Radiation Hardened Electronics Market Outlook, By Component (2020-2028) ($MN)
3 Global Radiation Hardened Electronics Market Outlook, By Logic (2020-2028) ($MN)
4 Global Radiation Hardened Electronics Market Outlook, By Field-Programmable Gate Array (2020-2028) ($MN)
5 Global Radiation Hardened Electronics Market Outlook, By Memory (2020-2028) ($MN)
6 Global Radiation Hardened Electronics Market Outlook, By Power Management (2020-2028) ($MN)
7 Global Radiation Hardened Electronics Market Outlook, By Application Specific Integrated Circuit (2020-2028) ($MN)
8 Global Radiation Hardened Electronics Market Outlook, By Sensors (2020-2028) ($MN)
9 Global Radiation Hardened Electronics Market Outlook, By Analog & Digital Mixed Signal Services (2020-2028) ($MN)
10 Global Radiation Hardened Electronics Market Outlook, By Other Components (2020-2028) ($MN)
11 Global Radiation Hardened Electronics Market Outlook, By Technique (2020-2028) ($MN)
12 Global Radiation Hardened Electronics Market Outlook, By Radiation Hardening by Process (2020-2028) ($MN)
13 Global Radiation Hardened Electronics Market Outlook, By Radiation Hardening by Design (2020-2028) ($MN)
14 Global Radiation Hardened Electronics Market Outlook, By Radiation Hardening by Software (2020-2028) ($MN)
15 Global Radiation Hardened Electronics Market Outlook, By Other Techniques (2020-2028) ($MN)
16 Global Radiation Hardened Electronics Market Outlook, By Material Type (2020-2028) ($MN)
17 Global Radiation Hardened Electronics Market Outlook, By Gallium Nitride (2020-2028) ($MN)
18 Global Radiation Hardened Electronics Market Outlook, By Silicon (2020-2028) ($MN)
19 Global Radiation Hardened Electronics Market Outlook, By Silicon Carbide (2020-2028) ($MN)
20 Global Radiation Hardened Electronics Market Outlook, By Other Material Types (2020-2028) ($MN)
21 Global Radiation Hardened Electronics Market Outlook, By Product Type (2020-2028) ($MN)
22 Global Radiation Hardened Electronics Market Outlook, By Commercial-Off-the-Shelf (2020-2028) ($MN)
23 Global Radiation Hardened Electronics Market Outlook, By Custom Made (2020-2028) ($MN)
24 Global Radiation Hardened Electronics Market Outlook, By Other Product Types (2020-2028) ($MN)
25 Global Radiation Hardened Electronics Market Outlook, By Application (2020-2028) ($MN)
26 Global Radiation Hardened Electronics Market Outlook, By Aerospace and Defense (2020-2028) ($MN)
27 Global Radiation Hardened Electronics Market Outlook, By Military (2020-2028) ($MN)
28 Global Radiation Hardened Electronics Market Outlook, By Nuclear Power Plants (2020-2028) ($MN)
29 Global Radiation Hardened Electronics Market Outlook, By Space Satellites (2020-2028) ($MN)
30 Global Radiation Hardened Electronics Market Outlook, By Commercial Satellites (2020-2028) ($MN)
31 Global Radiation Hardened Electronics Market Outlook, By Other Applications (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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