Radiation Hardened Electronics Market To Generate Reach $2,104.2 Million by 2030

The market is being driven by the high demand for radiation-hardened components for airplanes, medical equipment, and nuclear power plants. This is why, the radiation-hardened electronics market is predicted to touch $2,104.2 million by 2030, progressing at a 3.5% CAGR from 2021 to 2030. Due to government efforts and investments made by entrepreneurs working in this domain internationally, the space industry is growing.

Reconfigurable radiation-hardened devices are in higher demand, which presents market opportunities for the participants. These tools enable satellite users to alter the scope of their operations while in orbit, significantly lowering the cost of reconfiguration. Top companies in the sector are involved in the creation of new software. electronics with specified radiation protection.

Due to the high bandwidth of COTS devices, the COTS category maintained a bigger market share of more than 60% in the past. Furthermore, open-system designs, COTS electrical technologies, and commercial design methodologies are the main forces behind the developing private spaceflight industry. Additionally, the healthcare sector is propelling the market since companies are buying COTS products rather than creating customized solutions.

The radiation-hardened electronics market is mostly driven by the necessity of radiation-hardened electronics for space applications, and it is predicted that this segment will develop at the fastest rate throughout the forecast period. This is mostly due to the growth in international ISR activities, which is pressuring market players to provide more durable and dependable electrical components for spacecraft. Additionally, the need for radiation-hardened electronics is being driven by the swelling data volume that is crowding the satellite spectrum due to the expanding worldwide internet user population.

Due to the increasing use of sophisticated technologies and shrinking of components, North America has the biggest radiation-hardened electronics market, contributing to a revenue share of about 35%. These developments are predicted to boost the use of radiation-hardened electronics to produce new and affordable solutions.

Private players like SpaceX and Amazon have been able to launch communication satellites into low-Earth orbit in the U.S. due to the country’s growing need for secure communication networks from business and government entities. The market will benefit from emerging trends in space exploration, including space tourism, new applications, and component miniaturization.