Radiation-Hardened Electronics Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

Description

Radiation-Hardened Electronics Market will be valued at USD 1,736.5 million in 2021. It is expected to reach a value of USD 2,492.7 million by 2028, growing at a CAGR of 5.3% during the forecast period from 2022 to 2028. The global market provides a detailed overview of the Radiation-Hardened Electronics Market, which has been segmented by component type, manufacturing technique, product type, and application. By component type, the radiation-hardened electronics market has been segmented into Analog & Digital Mixed Signal Devices, Memory, Controllers & Processors, and Power Management components. The power management component segment is likely the most significant and fastest-growing segment in terms of component type. By manufacturing technique, the radiation-hardened electronics market has been segmented into Rad-Hard by Design and Rad-Hard by Process. The rad-hard by design segment gains the maximum revenue share in the market. By product type, the radiation-hardened electronics market has been segmented into Custom-made and Commercial-Off-The-Shelf (COTS). The Commercial-Off-The-Shelf (COTS) segment holds a significant revenue share of the market. Based on the application, the radiation-hardened electronics are segmented into Space, Aerospace & Defense, Nuclear Power Plants, Medical, and Others. According to precision business insights, the space segment is predicted to register the fastest growth rate during the forecast period.

Key developments:

In March 2022, STMicroelectronics (Switzerland) launched its new series of radiation-hardened power, analog, and logic ICs with a low-cost plastic package. The new series is expected to include radiation-hardened devices such as voltage regulators, data converters, logic gates, and LVDS transceivers utilized in various space applications such as telemetry start trackers and onboard computers.