Global Radiation Hardened Electronics Market - Forecast(2024 - 2030)

Radiation Hardened Electronics Market Overview

The Global Radiation Hardened Electronics Market is estimated to reach $XX million growing at a CAGR of XX% from 2020 to 2025. Radiation Hardening is the process of developing electronic components that continue to resist the damages caused by ionizing radiation encountered in high-altitude flights, around nuclear reactors, particle accelerators and in the space flights. Radiation hardened electronics are one of the highly emerging markets with diverse range of applications across varied industry verticals such as Aerospace , Military & Defense and others. With the rising number of ballistic missiles in the inventory of global militaries, the demand for radiation hardened electronic equipment is on the rise. Typically these equipment require less tolerance than satellite electronics. With the rising global military budgets combined with the arms race between Russia, China and the U.S, the market for military radiation hardened devices and equipment, particularly for missiles is set to rise significantly.

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Key Takeaways

• Growing prevalence of radiation hardened electronics in space applications coupled with the increase in demand for failure free critical components in military & defense applications are driving the growth of the market.
• Growing prevalence of radiation hardened electronics in space applications coupled with the increase in demand for failure free critical components in military & defense applications are driving the growth of the market.
• North America is expected to dominate the global Radiation Hardened Electronics Market in the forecast period 2020-2025. With the U.S. country accounted for the majority of shares followed by Canada and Mexico. The biggest market driver for radiation-hardened electronics is low-Earth-orbit space applications in communications and Earth observation.?

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Radiation Hardened Electronics Market Drivers?

Rise in demand for communication satellite:

Rising ISR (Intelligence, Surveillance, and Reconnaissance) processes, multicore processor technology and FPGA advancements have boosted the radiation hardened electronics market. There is demand for more processing, more bandwidth, and more memory for increased on-orbit storage which will be realized by making use of advanced FPGAs and multicore processors. Currently there are around 350 satellites in operation for military usage with around 250 of these being purely for militaristic applications. The growing launch of military communications satellites by U.S., China, India, and Germany are anticipated to play a critical role in the growth of the military segment. In July 2020, Airbus Defense and Space signed a deal with the Ministry of Defense (MOD) of the United Kingdom to extend and develop the Skynet fleet. This contract involves the development, production, assembly, cyber protection, integration, testing and launch of a military communications satellite, Skynet 6A, scheduled for launch in 2025. With this contract Airbus is completely committed to supply the armed forces around the world with world-class strategic communications facilities.

Growth of nuclear power:

The growth of the nuclear power generation sector has played a major role in the growth of this market. With the recent Fukushima Nuclear Power Plant Disaster, increased focus on making the design criteria for radiation hardened equipment more stringent. This has resulted in increased usage of custom radiation hardened equipment over COTS. The growing automation in this sector has opened up the market for various electronic equipment, such as machine vision systems and robotics, which are radiation hardened, thereby driving the market.

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Radiation Hardened Electronics Market Challenges?

One of the restraining factor in the growth of the market is precision:

Radiation-hardened circuits are majorly used in the manufacturing process of satellites which spot missiles, thus, they need extensive testing of exotic materials involved within the circuits. For example, the accelerometers are raising the demand for accuracy, as they are used to guide spacecraft and missiles through precise engineering. The risk associated in maintaining an accurate testing and design manufacturing environment are hindering the growth of the radiation hardened electronics market.?

Radiation Hardened Electronics?Market Landscape

Radiation Hardened Electronics Market is dominated by major companies such as Microsemi Corporation, BAE System, Xilinx Inc, Honeywell Aerospace, Texas Instruments Inc., COBHAM PLC, Microchip Technology Inc, 3D PLUS SA, ST Microelectronics NV, XILINX Inc., among others.

Acquisitions/Technology Launches

• November, 2017- Intersil launched rad-hard quad power supply sequencers called ISL70321SEH designed to drive point-of load (POL) regulators that power high performance FPGAs and complex, multi-rail power systems. Such product developments are anticipated to drive the demand for power sources in the rad-hard and rad-tolerant electronics market.
• July, 2018- Maxim Integrated Products, Inc. has introduced DS28E83 Deep Cover authenticator which is a mixed signal device developed to protect surgical tool data from memory-disruptive, high-energy gamma radiation used in sterilization. Moreover, this device provides tool security with capabilities such as secure tool use management and counterfeit prevention, thereby enhancing patient safety and includes both elliptic curve digital signature algorithm (ECDSA) and Secure Hash Algorithm-256 (SHA-256)-based cryptographic features