The radiation-hardened electronics market was valued
at USD 935.9 Million in 2015 and is estimated to reach USD 1,277.4
Million by 2022, at a CAGR of 4.46% during the forecast period. The base
year used for this study is 2015, and the forecast period considered is
between 2016 and 2022.
The research methodology used to estimate and forecast the
radiation-hardened electronics market begins with obtaining data on key
vendor revenues through secondary research. Some of the secondary
sources used in this research include information from various journals
and databases such as IEEE journals, Factiva, Hoover’s, and OneSource.
The vendor offerings have also been taken into consideration to
determine the market segmentation. The bottom-up procedure has been
employed to arrive at the overall size of the global radiation-hardened
electronics market from the revenues of the key players in the market.
After arriving at the overall market size, the total market has been
split into several segments and subsegments, which have then been
verified through primary research by conducting extensive interviews of
people holding key positions in the industry such as CEOs, VPs,
directors, and executives. The market breakdown and data triangulation
procedures have been employed to complete the overall market engineering
process and arrive at the exact statistics for all segments and
subsegments.
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Market for power management component likely to grow at the highest rate during the forecast period
Power management components have been a major market
for radiation-hardened electronics. With the increased demand for
transistors, diodes, and MOSFETs in various space and defense
applications, more and more advancements in this technology is taking
place and is focused on integrating radiation-hardened electronics power
management chipsets into various devices. Power management components
are greatly influenced by the rad-hard electronics market. MOSFETs are
the most widely used components by almost every industry in the modern
era and are posing good opportunities for industry players to invest in
such technologies.
Space (Satellite) application held the largest share of radiation-hardened electronics market in 2015
The radiation-hardened electronics market is led by
the space application, which is further segmented into military &
commercial applications. The increasing number of space missions
conducted globally is expected to drive the growth of the
radiation-hardened electronics market for the space application during
the forecast period. The demand from commercial industries for robust
and reliable radiation-hardened electronic components in satellites
creates good growth opportunities in the near future.
North America held the largest market share in 2015
North America held the largest share of the
radiation-hardened electronics market in 2015, followed by Europe and
APAC. The U.S. accounted for the largest share of the radiation-hardened
electronics market in North America, followed by Canada and Mexico. The
high growth of the market in this region can be attributed to the
increasing demand for rad-hard components owing to the presence of a
large number of rad-hard component manufacturers in North America as
well as some renowned space & defense research institutes.
The key manufacturers of radiation-hardened
electronics market include, BAE Systems (U.K.), Honeywell Aerospace
(U.S.), Microsemi Corporation (U.S.), Atmel Corp and Xilinx, Inc.
(U.S.), among others.
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