Radiation-Hardened Electronics Market Trends, Growth, Analysis, Forecast 2026

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%.

The Radiation-Hardened Electronics Market was valued at USD 1.4 billion in 2020 and is estimated to reach USD 1.7 billion by 2026, registering a CAGR of 3.5% during the forecast period (2020–2026). Industries use Radiation-Hardened Electronics to protect devices/systems from the effects of radiation. The application areas of rad-hard electronics include space (satellites), aerospace defense, nuclear power plants, implantable medical devices, and scientific research. The growing intelligence, surveillance, and reconnaissance (ISR) operations globally, the increase in number of space missions, and growing demand for rad-hard electronics in the commercial satellite industry are factors driving the growth of the rad-hard electronics market. However, the high development and testing costs are expected to restrain the growth of the market during the review period.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=44047967

The report also includes the impact of the COVID-19 pandemic on the growth of the Global Radiation-Hardened Electronics Market as well as the segments and regional markets. For instance, the satellite manufacturing as an application of rad-hard electronic components is affected severely by the disruptions caused across supply chains during COVID-19 severely. This is because this market is characterized by low production volumes and a high level of specialization, with a limited number of suppliers.

The Radiation-Hardened Electronics Market is dominated by Bae Systems (UK), STMicroelectronics (Switzerland), Microchip technology (US), Renesas Electronics (Japan), Honeywell Aerospace Defense (US), and Infineon Technologies (Germany). These players have adopted various growth strategies such as, product integrations, geographic expansions, collaborations, and new product launches to increase their presence in the global market.

BAE Systems was the leader in the rad-hard electronics market in 2019. The company is a global defense, aerospace, and security company providing products services for air, maritime, land, and cyber domains. The company develops and provides advanced high-reliability Radiation-Hardened Electronics at the component, card, and unit levels. The subsidiaries of the company are Flight Control Management GmbH (Germany), Aero International Limited (UK), Armstrong Whitworth Aircraft Limited (UK), and Avro International Aerospace Limited (UK), among others. The company has its strong presence in the UK, the US, Saudi Arabia, and Australia.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=44047967

Microchip Technology held the second position in the rad-hard electronics market in 2019. The company has a broad portfolio of radiation-hardened and radiation-tolerant space products, including FPGAs, ASICs, RF components, diodes, transistors, MOSFETs, hybrids, power supplies, custom semiconductor packaging, and integrated power distribution systems. Microchip Technology has been involved in space-related initiatives for a wide variety of space programs.

Another important player in the rad-rad electronics market is Infineon Technologies. The company provides rad-hard power and RF solutions for satellites space exploration through its IR HiRel subsidiary. The company has a strong market position in almost all the industries it operates and a well-balanced revenue generation from all its business segments. This strong position of the company in various markets provides it a competitive advantage. In terms of key business strategies, Infineon Technology follows the Product Launch strategy. For instance, IR HiRel, an Infineon Technologies company, launched radiation-hardened MOSFETs housed in an innovative direct-to-printed Circuit Board (PCB) mounting package in June 2020 and launched the CoolMOS technology platform in April 2020.

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/radiation-hardened-electronics-market-44047967.html

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: 
https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/ResearchInsight/radiation-hardened-electronics-market.asp


Avinash Gogawale

146 Blogs posts

Comments