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Radiation Hardened Electronics Market Size
- Report ID: GMI8918
- Published Date: Apr 2024
- Report Format: PDF
Radiation Hardened Electronics Market Size
Radiation Hardened Electronics Market size was valued at over USD 1.5 billion in 2023 and is estimated to register a CAGR of over 5% between 2024 & 2032. Increasing space exploration missions and satellite deployments are fueling the market growth due to the harsh environment in space.
These missions require highly reliable electronic components capable of withstanding radiation, ensuring the longevity and functionality of critical systems. As space exploration expands, the demand for radiation-hardened electronics rises, presenting significant opportunities for manufacturers to cater to the specialized requirements of the aerospace industry. For instance, in January 2024, Infineon Technologies AG unveiled radiation-hardened asynchronous Static Random-access Memory (SRAM) chips for space applications. Using RADSTOP technology, these chips are designed with proprietary methods for enhanced radiation hardness, ensuring high reliability and performance in harsh environments.
Military & defense applications need these devices due to the increasing complexity and sophistication of defense systems, significantly driving the radiation hardened electronics market growth. These systems often operate in harsh environments with high levels of radiation, requiring robust & reliable electronic components. As defense technologies evolve, there is a growing need for radiation-hardened electronics to ensure the uninterrupted functionality of critical military equipment, boosting market size in this sector.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Radiation Hardened Electronics Market Size in 2023: | USD 1.5 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 5%% |
| 2032 Value Projection: | USD 2.5 Billion |
| Historical Data for: | 2018 - 2023 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 635 |
| Segments covered: | Component, Manufacturing Technique, Type, Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The limited availability of specialized components poses a significant pitfall for the market. The stringent requirements for radiation-resistant materials and components have led to limited supplier options and higher costs. This constraint can impede the scalability of production and innovation, hindering market growth. Additionally, reliance on a few suppliers increases vulnerability to supply chain disruptions, potentially causing delays in project timelines and compromising the reliability of critical systems.
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Radiation Hardened Electronics Market Scope
