Radiation Hardened Electronics Market Dynamics by 2031
The Radiation Hardened Electronics market size is projected to reach US$ 2.42 billion by 2031 from US$ 1.66 billion in 2023. The market is expected to register a CAGR of 4.8% during 2023–2031. Increasing adoption of radiation-hardened electronics and increasing investment in space programs are likely to remain key trends and drivers in the market.
Radiation Hardened Electronics Market Analysis
Growing demand for radiation hardened feedback sensors among critical equipment and system manufacturers across the globe is expected to boost the radiation hardened feedback sensors market during the forecast period. Radiation hardened feedback sensors are widely integrated into aerospace & defense systems, spacecraft, satellites, space probes, medical equipment, and others. Technological advancements, miniaturization of radiation hardened feedback sensors, rising demand for renewable energy, and increasing R&D activities are propelling the radiation hardened feedback sensors market.
Radiation Hardened Electronics Market Overview
Radiation hardened feedback sensors are devices designed to withstand high levels of radiation, most commonly encountered in nuclear and space environments. These sensors employ a feedback mechanism for continuously monitoring their performance and adjust accordingly by ensuring reliable and accurate operations in hard radiations. The sensors utilize feedback loops to detect any deviations from their expected behavior caused by radiation-induced damage.
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Radiation Hardened Electronics Market: Strategic Insights
Market Size Value in US$ 1,520.86 million in 2021 Market Size Value by US$ 2,045.04 million by 2028 Growth rate CAGR of 4.3% from 2021 to 2028. Forecast Period 2021- 2028 Base Year 2021
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Radiation Hardened Electronics Market: Strategic Insights
| Market Size Value in | US$ 1,520.86 million in 2021 |
| Market Size Value by | US$ 2,045.04 million by 2028 |
| Growth rate | CAGR of 4.3% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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Radiation Hardened Electronics Market Drivers and Opportunities
Increasing Demand from Nuclear Power Plants to Favor Market
Nuclear power plants are involved in generating electricity through the process of nuclear fission. In this process, a significant amount of power is produced, which generates a substantial amount of radiation. This radiation is harmful to humans and can damage electronic equipment, increasing the demand for radiation hardened feedback sensors. Radiation hardened feedback sensors are strategically placed throughout the plant to monitor temperature variations in critical areas, such as the coolant systems, reactor core, and various components. These sensors provide continuous feedback to the control systems, enabling plant operators to take necessary actions for maintaining the desired temperature range and make informed decisions to improve the system’s performance. Several companies are making significant investments in developing power plants. For instance, according to the US Department of Energy (DOE) data published in January 2024, the DOE invested ~US$ 12 billion in Plant Vogtle to provide more than 1,100 megawatts of clean power to the grid once in operation.
Emerging Medical Application.
Radiation hardened feedback sensors play a crucial role in ensuring the safety, accuracy, and reliability of medical equipment used in the healthcare industry. These sensors are integrated into a variety of medical equipment, including gamma rays, X-rays, and electron beams, by making them withstand high levels of radiation. Radiation hardened feedback sensors are primarily integrated into radiation therapy equipment to support doctors in treating cancer patients. Radiation therapy, also known as radiotherapy, is the most common treatment mode for cancer patients, where high-energy radiation beams are used to target and destroy cancerous cells, which require radiation hardened feedback sensors to monitor various parameters, including dose delivery, beam density, and beam positioning. Healthcare professionals use radiation hardened feedback sensors to ensure the delivery of accurate and precise treatment by minimizing damage to healthy tissues. For instance, in April 2022, Maxon Group introduced ENX GAMA encoders designed for use in the vicinity of medical linear accelerators on equipment such as multi-leaf collimators. ENX GAMA encoders are radiation-resistant encoders integrated with DC motors that are highly suitable for radiotherapy devices.
Radiation Hardened Electronics Market Report Segmentation Analysis
Key segments that contributed to the derivation of the radiation hardened electronics market analysis are component, manufacturing technique, and applications.
- Based on component, the radiation hardened electronics market is divided into power management components, analog & digital mixed signal devices, memory, and controllers & processors. The power management components segment is anticipated to hold a significant market share in the forecast period.
- Based on manufacturing technique, the radiation hardened electronics market is divided into radiation hardening by design (RHBD) and radiation hardening by process (RHBP). The radiation hardening by design (RHBD) segment is anticipated to hold a significant market share in the forecast period.
- By applications, the market is segmented into aerospace & defense, nuclear power plant, space, and others. The aerospace & defense is anticipated to hold a significant market share in the forecast period.
Radiation Hardened Electronics Market Share Analysis by Geography
The geographic scope of the radiation hardened electronics market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the radiation hardened electronics market. The expanding space industry is boosting the radiation hardened feedback sensors market in North America. The US has been at the forefront of spaceflight for more than 60 years. It has the world's largest government space program. The US-registered satellites accounted for more than half of all operational satellites in 2022. The US is currently the only country with a thematic account for space activities. Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. In addition, the US has a large number of radiation hardened electronics market players who have been increasingly focusing on developing innovative solutions. All these factors contribute to the region's growth of the radiation hardened electronics market.
Radiation Hardened Electronics Market Report Scope
Radiation Hardened Electronics Market News and Recent Developments
The radiation hardened electronics market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the radiation hardened electronics market are listed below:
- EPC Space introduced the EPC7009L16SH, a radiation hardened gallium nitride (GaN) gate driver IC. Utilizing EPC’s exclusive eGaN IC technology, this innovative GaN driver empowers design engineers to fully exploit the capabilities of eGaN FET technology. (Source: EPC Space, Company Website, April 2024)
- Renesas Electronics Corporation, a supplier of advanced semiconductor solutions, launched a new line of plastic-packaged radiation-hardened (rad-hard) devices for satellite power management systems. The four new devices include the ISL71001SLHM/SEHM point of load (POL) buck regulator, ISL71610SLHM and ISL71710SLHM digital isolators, and the ISL73033SLHM 100V GaN FET and integrated low-side driver. (Source: Renesas Electronics Corporation, Company Website, July 2021)
Radiation Hardened Electronics Market Report Coverage and Deliverables
The “Radiation Hardened Electronics Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Radiation hardened electronics market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
- Radiation hardened electronics market trends as well as market dynamics such as drivers, restraints, and key opportunities.
- Detailed PEST/Porter’s Five Forces and SWOT analysis.
- Radiation hardened electronics market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Radiation hardened electronics market.
- Detailed company profiles.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Manufacturing Technique, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America is anticipated to dominate the radiation hardened electronics market in 2023.
Increasing adoption of radiation-hardened electronics and increasing investment in space program are some of the factors driving the radiation hardened electronics market.
Rising adoption radiation hardened electronics for medical application is anticipated to drive the market in the forecast period.
The key players holding majority shares in the global radiation hardened electronics market are BAE Systems, Data Device Corporation, Honeywell International Inc., Infineon Technologies AG, Renesas Electronics Corporation, Texas Instruments Incorporated, STMicroelectronics, Xilinx; Inc. (AMD), VORAGO Technologies, Microchip Technology Inc.
The global radiation hardened electronics market is expected to reach US$ 2.42 billion by 2031.
The expected CAGR of the radiation hardened electronics market is 4.8%.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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