From GlobeNewswire: 2025-02-18 09:35:00

The Radiation Hardened Electronics Market was valued at USD 1.60 billion in 2023 and is projected to reach USD 2.35 billion by 2032, with a CAGR of 4.45% from 2024-2032. The market growth is driven by space exploration, satellite deployment, and national security needs in military satellites, nuclear power plants, and avionics.

Commercial Off-The-Shelf (COTS) components dominated the market in 2023, with 55% market share, due to their cost-effectiveness and quick project timelines. Custom-made components are expected to be the fastest-growing segment, driven by demand for highly-customized applications in space exploration, defense, and nuclear energy.

The power management segment held the largest revenue share in 2023, with the increasing need for secure data storage in radiation-affected environments. Memory components are projected to be the fastest-growing segment, driven by the demand for secure data storage in radiation-prone environments.

Radiation Hardening by Design (RHBD) dominated manufacturing in 2023, focusing on developing components capable of withstanding radiation in extreme environments. Radiation Hardening by Process (RHBP) is expected to grow significantly, improving component resistance to radiation for space missions and military deployments.

The space segment dominated the market in 2023, with a 40% market share, driven by space exploration needs. The aerospace and defense segment is expected to be the fastest-growing application, with increasing demand for radiation-resistant electronics in these sectors. The demand for high-reliability electronics that can withstand radiation exposure is growing due to advancements in military satellites and defense systems. The radiation-hardened electronics market is segmented by product type, component, manufacturing technique, and application, with a focus on space, aerospace, defense, and nuclear power sectors.

In 2023, Asia Pacific held a 35% market share in the radiation-hardened electronics market, driven by China and India’s space initiatives. North America, with a 30% market share, remains strong due to extensive space research and defense expertise. Major industry players in both regions are investing in radiation-resistant components for various applications.

SNS Insider offers in-depth research insights on the radiation-hardened electronics market, covering market dynamics, statistical trends, competitive landscape, regional analysis, company profiles, and best practices. With a focus on providing clients with accurate market data and consumer insights, SNS Insider uses various research techniques to help clients make informed decisions confidently.



Read more at GlobeNewswire: Radiation Hardened Electronics Market to Reach USD 2.35