Europe Radiation-Hardened Electronics Market Forecast to 2028 – COVID

Europe Radiation-Hardened Electronics Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component (Power Management Components, Analog and Digital Mixed Signal Devices, Memory, and Controllers & Processors), Manufacturing Technique [(Radiation Hardening by Design (RHBD) and Radiation Hardening by Process (RHBP)], and Application (Aerospace & Defense, Nuclear Power Plant, Space, and Others)

Report Code : BMIRE00025599 | Region : Europe | Industry : Electronics and Semiconductor | Published Date : 10/Aug/2022

The Europe radiation-hardened electronics market is expected to grow from US$ 457.71 million in 2021 to US$ 624.22 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028.

Over the years, satellites have experienced high adoption across various industries such as communication, networking, television broadcast, and space-based surveillance. The satellites are prone to solar flares, which leads to system failures. This influences the adoption of radiation-hardened electronics across the end-use industries such as aerospace & defense, nuclear power plants, and space. Some major procurements of radiation-hardened electronics across the region have occurred in the past few years. For instance, the European Space Agency (ESA) granted CAES, a leader in advanced mission-critical electronics, a contract to create a fault- and radiation-tolerant system-on-chip in December 2021. The project, which the Swedish National Space Agency funds, will develop a 16-core, space-hardened microprocessor based on the open RISC-V instruction set architecture to improve performance and power efficiency in satellite and spacecraft applications (ISA). The rise in procurement of radiation-hardened electronics by various organizations is fueling the growth of the global radiation-hardened electronics market across the region.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe radiation-hardened electronics market . The Europe radiation-hardened electronics market is expected to grow at a good CAGR during the forecast period.

Exhibit: Europe Radiation-Hardened Electronics Market Revenue and Forecast to 2028 (US$ Million)

Europe Radiation-Hardened Electronics Market Segmentation

The Europe radiation-hardened electronics market is segmented based on component, manufacturing technique, application, and country. Based on component, the market is segmented into power management components, analog and digital mixed signal devices, memory, and controllers & processors. The power management component segment dominated the market in 2021 and is expected to be the fastest-growing segment during the forecast period. Based on manufacturing technique, the market is segmented into radiation hardening by design (RHBD) and radiation hardening by process (RHBP). The radiation hardening by design (RHBD) segment dominated the market in 2021. It is anticipated to be the fastest-growing segment during the forecast period. Based on application, the market is segmented into aerospace & defense, nuclear power plant, space, and others. The space segment dominated the market in 2021, and the others segment is expected to be the fastest-growing segment during the forecast period. Based on country, the Europe radiation-hardened electronics market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe.

BAE Systems; Data Device Corporation; Honeywell International Inc.; Infineon Technologies AG; Microchip Technology Inc.; Renesas Electronics Corporation; STMicroelectronics; Texas Instruments Incorporated; VORAGO Technologies; and Xilinx, Inc. (AMD) are among the leading companies in the Europe radiation-hardened electronics market.

At 4.5% CAGR, the Europe Radiation-Hardened Electronics Market is speculated to be worth US$ 624.22 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the Europe radiation-hardened electronics market was valued at US$ 457.71 million in 2021 and is expected to reach US$ 624.22 million by 2028, registering an annual growth rate of 4.5% from 2021 to 2028. Escalating investment in space programs and surging procurement of radiation-hardened electronics are the critical factors attributed to the market expansion.

Space programs across developed and developing countries have experienced a rise in investment. This growth is attributed to the rising initiatives by government bodies and huge investments made in developing new satellites for studying various aspects of space. Apart from space studies, satellites are actively being developed and launched to offer space-based internet services and navigation. The development of satellites has rapidly increased across the major countries. The European Space Agency, in November 2021, launched a pair of Galileo satellites that works as a navigation system. Additionally, the European Union (EU), in December 2020, announced its plans to build a mega constellation of satellites in Earth orbit with an investment of US$ 8.7 million. Radiation-hardened electronics are being actively used across satellites to protect them from solar flares and any other harsh environmental conditions. Thus, the rise in satellite development across the region is fueling the demand for radiation-hardened electronics, thereby contributing to the growth of the market.

On the contrary, high cost of installation hurdles the growth of Europe radiation-hardened electronics market.

Based on component, the Europe radiation-hardened electronics market is segmented into power management components, analog and digital mixed signal devices, memory, and controllers & processors. The power management component segment held 42.8% market share in 2021, amassing US$ 195.77 million. It is projected to garner US$ 282.97 million by 2028 to expand at 5.4% CAGR during 2021–2028.

Based on manufacturing technique, the Europe radiation-hardened electronics market is segmented into radiation hardening by design (RHBD) and radiation hardening by process (RHBP). The radiation hardening by design (RHBD) segment held 74.7% market share in 2021, amassing US$ 341.81 million. It is projected to garner US$ 476.15 million by 2028 to expand at 4.8% CAGR during 2021–2028.

Based on application, the Europe radiation-hardened electronics market is segmented into aerospace & defense, nuclear power plant, space, and others. The space segment held 42.6% market share in 2021, amassing US$ 194.82 million. It is projected to garner US$ 252.15 million by 2028 to expand at 3.8% CAGR during 2021–2028.

Based on country, the Europe radiation-hardened electronics market is segmented into France, Germany, Italy, UK, Russia, and Rest of Europe. Our regional analysis states that Germany captured 22.0% market share in 2021. It was assessed at US$ 100.65 million in 2021 and is likely to hit US$ 125.53 million by 2028, exhibiting a CAGR of 3.2% during the forecast period.

Key players dominating the Europe radiation-hardened electronics market are BAE Systems; Data Device Corporation; Honeywell International Inc.; Infineon Technologies AG; Microchip Technology Inc.; Renesas Electronics Corporation; STMicroelectronics; Texas Instruments Incorporated; VORAGO Technologies; and Xilinx, Inc. (AMD) among others.

• In 2020, VORAGO Technologies has announced a collaboration with BrainChip. The collaboration will help a NASA Phase I initiative to develop a neuromorphic processor that satisfies spaceflight standards. Payments to cover the Company's expenditures to assist partner requirements are included in the EAP agreement.

• In 2021, Microchip has announced the expansion of its radiation-hardened Arm microcontroller SAMRH71 and the availability of the SAMRH707 microcontroller (MCU), both of which use Arm Cortex-M7 SoC radiation-hardening technology.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Europe Radiation-Hardened Electronics Market Landscape

4.1 Market Overview

4.2 Europe PEST Analysis

4.3 Ecosystem Analysis

5. Europe Radiation-Hardened Electronics Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Surging Procurement of Radiation-Hardened Electronics

5.1.2 Escalating Investment in Space Programs

5.2 Market Restraints

5.2.1 High Complexity in Designing Radiation-Hardened Electronics

5.3 Market Opportunities

5.3.1 Increasing Investment in Product Development by Major Players

5.4 Future Trends

5.4.1 Rising Adoption of radiation-hardened electronics for Medical Applications

5.5 Impact Analysis of Drivers and Restraints

6. Radiation-Hardened Electronics Market – Europe Analysis

6.1 Europe Radiation-Hardened Electronics Market Overview

6.2 Europe Radiation-Hardened Electronics Market Revenue Forecast and Analysis

7. Europe Radiation-Hardened Electronics Market Analysis – By Component

7.1 Overview

7.2 Europe Radiation-Hardened Electronics Market, by Component (2020 and 2028)

7.3 Power Management Components

7.3.1 Overview

7.3.2 Power Management Components: Radiation-Hardened Electronics Market Revenue and Forecast To 2028 (US$ Million)

7.4 Analog and Digital Mixed Signal Devices

7.4.1 Overview

7.4.2 Analog and Digital Mixed Signal Devices: Radiation-Hardened Electronics Market Revenue and Forecast To 2028 (US$ Million)

7.5 Memory

7.5.1 Overview

7.5.2 Memory: Radiation-Hardened Electronics Market Revenue and Forecast To 2028 (US$ Million)

7.6 Controllers and Processors

7.6.1 Overview

7.6.2 Controllers and Processors: Radiation-Hardened Electronics Market Revenue and Forecast To 2028 (US$ Million)

8. Europe Radiation-Hardened Electronics Market Analysis – By Manufacturing Technique

8.1 Overview

8.2 Europe Radiation-Hardened Electronics Market, by Manufacturing Technique (2020 and 2028)

8.3 Radiation Hardening by Design (RHBD)

8.3.1 Overview

8.3.2 Radiation Hardening by Design (RHBD): Radiation-Hardened Electronics Market Revenue and Forecast To 2028 (US$ Million)

8.4 Radiation Hardening by Process (RHBP)

8.4.1 Overview

8.4.2 Radiation Hardening by Process (RHBP): Radiation-Hardened Electronics Market Revenue and Forecast To 2028 (US$ Million)

9. Europe Radiation-Hardened Electronics Market Analysis – by Application

9.1 Overview

9.2 Europe Radiation-Hardened Electronics Market, by Application (2020 and 2028)

9.3 Aerospace & Defense

9.3.1 Overview

9.3.2 Aerospace & Defense: Radiation-Hardened Electronics Market Revenue and Forecast To 2028 (US$ Million)

9.4 Nuclear Power Plant

9.4.1 Overview

9.4.2 Nuclear Power Plant: Radiation-Hardened Electronics Market Revenue and Forecast To 2028 (US$ Million)

9.5 Space

9.5.1 Overview

9.5.2 Space: Radiation-Hardened Electronics Market Revenue and Forecast To 2028 (US$ Million)

9.6 Others

9.6.1 Overview

9.6.2 Others: Radiation-Hardened Electronics Market Revenue and Forecast To 2028 (US$ Million)

10. Europe Radiation-Hardened Electronics Market – Country Analysis

10.1 Overview

10.1.1 Europe: Radiation-Hardened Electronics Market, by Key Country

10.1.1.1 Germany: Radiation-Hardened Electronics Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 Germany: Radiation-Hardened Electronics Market, by Component

10.1.1.1.2 Germany: Radiation-Hardened Electronics Market, by Manufacturing Technique

10.1.1.1.3 Germany: Radiation-Hardened Electronics Market, by Application

10.1.1.2 France: Radiation-Hardened Electronics Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 France: Radiation-Hardened Electronics Market, by Component

10.1.1.2.2 France: Radiation-Hardened Electronics Market, by Manufacturing Technique

10.1.1.2.3 France: Radiation-Hardened Electronics Market, by Application

10.1.1.3 Italy: Radiation-Hardened Electronics Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 Italy: Radiation-Hardened Electronics Market, by Component

10.1.1.3.2 Italy: Radiation-Hardened Electronics Market, by Manufacturing Technique

10.1.1.3.3 Italy: Radiation-Hardened Electronics Market, by Application

10.1.1.4 UK: Radiation-Hardened Electronics Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1 UK: Radiation-Hardened Electronics Market, by Component

10.1.1.4.2 UK: Radiation-Hardened Electronics Market, by Manufacturing Technique

10.1.1.4.3 UK: Radiation-Hardened Electronics Market, by Application

10.1.1.5 Russia: Radiation-Hardened Electronics Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1 Russia: Radiation-Hardened Electronics Market, by Component

10.1.1.5.2 Russia: Radiation-Hardened Electronics Market, by Manufacturing Technique

10.1.1.5.3 Russia: Radiation-Hardened Electronics Market, by Application

10.1.1.6 Rest of Europe: Radiation-Hardened Electronics Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1 Rest of Europe: Radiation-Hardened Electronics Market, by Component

10.1.1.6.2 Rest of Europe: Radiation-Hardened Electronics Market, by Manufacturing Technique

10.1.1.6.3 Rest of Europe: Radiation-Hardened Electronics Market, by Application

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 Merger and Acquisition

11.4 New Development

12. Company Profiles

12.1 BAE Systems

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Data Device Corporation

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Honeywell International Inc.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Infineon Technologies AG

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Renesas Electronics Corporation

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Texas Instruments Incorporated

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 STMicroelectronics

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Xilinx, Inc. (AMD)

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 VORAGO Technologies

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Microchip Technology Inc.

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

Table 1.             Europe Radiation-Hardened Electronics Market Revenue and Forecast to 2028 (US$ Million)

Table 2.             Europe: Radiation-Hardened Electronics Market Revenue Share, by Key Country (2020 and 2028)

Table 3.             Germany: Radiation-Hardened Electronics Market, by Component–Revenue and Forecast to 2028 (US$ Million)

Table 4.             Germany: Radiation-Hardened Electronics Market, by Manufacturing Technique–Revenue and Forecast to 2028 (US$ Million)

Table 5.             Germany: Radiation-Hardened Electronics Market, by Application–Revenue and Forecast to 2028 (US$ Million)

Table 6.             France: Radiation-Hardened Electronics Market, by Component–Revenue and Forecast to 2028 (US$ Million)

Table 7.             France: Radiation-Hardened Electronics Market, by Manufacturing Technique–Revenue and Forecast to 2028 (US$ Million)

Table 8.             France: Radiation-Hardened Electronics Market, by Application–Revenue and Forecast to 2028 (US$ Million)

Table 9.             Italy: Radiation-Hardened Electronics Market, by Component–Revenue and Forecast to 2028 (US$ Million)

Table 10.          Italy: Radiation-Hardened Electronics Market, by Manufacturing Technique–Revenue and Forecast to 2028 (US$ Million)

Table 11.          Italy: Radiation-Hardened Electronics Market, by Application–Revenue and Forecast to 2028 (US$ Million)

Table 12.          UK: Radiation-Hardened Electronics Market, by Component–Revenue and Forecast to 2028 (US$ Million)

Table 13.          UK: Radiation-Hardened Electronics Market, by Manufacturing Technique–Revenue and Forecast to 2028 (US$ Million)

Table 14.          UK: Radiation-Hardened Electronics Market, by Application–Revenue and Forecast to 2028 (US$ Million)

Table 15.          Russia: Radiation-Hardened Electronics Market, by Component–Revenue and Forecast to 2028 (US$ Million)

Table 16.          Russia: Radiation-Hardened Electronics Market, by Manufacturing Technique–Revenue and Forecast to 2028 (US$ Million)

Table 17.          Russia: Radiation-Hardened Electronics Market, by Application–Revenue and Forecast to 2028 (US$ Million)

Table 18.          Rest of Europe: Radiation-Hardened Electronics Market, by Component–Revenue and Forecast to 2028 (US$ Million)

Table 19.          Rest of Europe: Radiation-Hardened Electronics Market, by Manufacturing Technique–Revenue and Forecast to 2028 (US$ Million)

Table 20.          Rest of Europe: Radiation-Hardened Electronics Market, by Application–Revenue and Forecast to 2028 (US$ Million)

Table 21.          List of Abbreviation

LIST OF FIGURES.

Figure 1.           Europe Radiation-Hardened Electronics Market Segmentation

Figure 2.           Europe Radiation-Hardened Electronics Market Segmentation – by Country

Figure 3.           Europe Radiation-Hardened Electronics Market Overview

Figure 4.           Europe Radiation-Hardened Electronics Market, by Component

Figure 5.           Europe Radiation-Hardened Electronics Market, by Country

Figure 6.           Europe PEST Analysis

Figure 7.           Europe Radiation-Hardened Electronics Market- Ecosystem Analysis

Figure 8.           Europe Radiation-Hardened Electronics Market: Impact Analysis of Drivers and Restraints

Figure 9.           Europe Radiation-Hardened Electronics Market Revenue Forecast and Analysis (US$ Million)

Figure 10.        Europe Radiation-Hardened Electronics Market, by Component (2020 and 2028)

Figure 11.        Europe Power Management Components: Radiation-Hardened Electronics Market Revenue and Forecast to 2028 (US$ Million)

Figure 12.        Europe Analog and Digital Mixed Signal Devices: Radiation-Hardened Electronics Market Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Europe Memory: Radiation-Hardened Electronics Market Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Europe Controllers and Processors: Radiation-Hardened Electronics Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Europe Radiation-Hardened Electronics Market, by Manufacturing Technique (2020 and 2028)

Figure 16.        Europe Radiation Hardening by Design (RHBD): Radiation-Hardened Electronics Market Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Europe Radiation Hardening by Process (RHBP): Radiation-Hardened Electronics Market Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Europe Radiation-Hardened Electronics Market, by Application (2020 and 2028)

Figure 19.        Europe Aerospace & Defense: Radiation-Hardened Electronics Market Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Europe Nuclear Power Plant: Radiation-Hardened Electronics Market Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Europe Space: Radiation-Hardened Electronics Market Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Europe Others: Radiation-Hardened Electronics Market Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Europe: Radiation-Hardened Electronics Market, by Key Country – Revenue (2020) (US$ Million)

Figure 24.        Europe: Radiation-Hardened Electronics Market Revenue Share, by Key Country (2020 and 2028)

Figure 25.        Germany: Radiation-Hardened Electronics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        France: Radiation-Hardened Electronics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Italy: Radiation-Hardened Electronics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        UK: Radiation-Hardened Electronics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Russia: Radiation-Hardened Electronics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Rest of Europe: Radiation-Hardened Electronics Market – Revenue and Forecast to 2028 (US$ Million)

The List of Companies - Europe Radiation-Hardened Electronics Market

● BAE Systems

● Data Device Corporation

● Honeywell International Inc.

● Infineon Technologies AG

● Microchip Technology Inc.

● Renesas Electronics Corporation

● STMicroelectronics

● Texas Instruments Incorporated

● VORAGO Technologies

● Xilinx, Inc. (AMD)

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe radiation-hardened electronics market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the Europe radiation-hardened electronics market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the radiation-hardened electronics market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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