North America Radiation-Hardened Electronics Market Forecast to 2028 – COVID

North America 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 : BMIRE00025602 | Region : North America | Industry : Electronics and Semiconductor | Published Date : 10/Aug/2022

The North America radiation-hardened electronics market is expected to grow from US$ 709.13 million in 2021 to US$ 931.19 million by 2028; it is estimated to grow at a CAGR of 4.0% from 2021 to 2028

Space programs across developed and developing countries have experienced a rise in investment. This growth is attributed to the rise in 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. Since August 2020, SpaceX has produced 120 Starlink broadband satellites each month. SpaceX's goal is to establish an interconnected network of around 12,000 Starlink satellites that will broadcast high-speed internet from orbit to anywhere on the planet, attributing to the rise in the development of the satellites. Radiation-hardened electronics are actively used across satellites to protect them from solar flares and 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 market's growth.

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 North America radiation-hardened electronics market . The North America radiation-hardened electronics market is expected to grow at a good CAGR during the forecast period.

North America Radiation-Hardened Electronics Market Revenue and Forecast to 2028 (US$ Million)

North America Radiation-Hardened Electronics Market Segmentation

The North America 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 North America radiation-hardened electronics market is segmented into the US, Canada, and Mexico.

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 North America radiation-hardened electronics market.

At 4.0% CAGR, the North America Radiation-Hardened Electronics Market is speculated to be worth US$ 931.19 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the North America radiation-hardened electronics market was valued at US$ 709.13 million in 2021 and is expected to reach US$ 931.19 million by 2028, registering an annual growth rate of 4.0% from 2021 to 2028. Escalating procurement of radiation-hardened electronics and surging investment in space programs are the critical factors attributed to the market expansion.

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 and defense, nuclear power plants, and space. Some of the major procurement of radiation-hardened electronics across the region has occurred in past years. For instance, the US Government awarded Silicon Technologies Inc. (STI) a 2-year contract in July 2019 to create Radiation Hardened by Design (RHBD), Process Portable, and Mixed Signal Design IP. The primary goal of this arrangement was to increase the US government's access to radiation-hardened equipment. This arrangement is for radiation-hardened electronic prototype demonstrations for new electronic component solutions to support strategic and space missions by the US government. The rise in procurement of radiation-hardened electronics by various organizations is fueling the growth of the radiation-hardened electronics market across the region.

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

Based on component, the North America 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 43.3% market share in 2021, amassing US$ 306.94 million. It is projected to garner US$ 425.95 million by 2028 to expand at 4.8% CAGR during 2021–2028.

Based on manufacturing technique, the North America 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 57.9% market share in 2021, amassing US$ 410.85 million. It is projected to garner US$ 565.75 million by 2028 to expand at 4.7% CAGR during 2021–2028.

Based on application, the North America radiation-hardened electronics market is segmented into aerospace & defense, nuclear power plant, space, and others. The space segment held 40.7% market share in 2021, amassing US$ 288.42 million. It is projected to garner US$ 374.79 million by 2028 to expand at 3.8% CAGR during 2021–2028.

Based on country, the North America radiation-hardened electronics market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 84.9% market share in 2021. It was assessed at US$ 601.92 million in 2021 and is likely to hit US$ 775.96 million by 2028, exhibiting a CAGR of 3.7% during the forecast period.

Key players dominating the North America 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 2022, Honeywell has established a partnership with SAPA Placencia, a leading producer of electric power solutions and a global leader in heavy vehicle gearboxes. The partnership was founded to work on improving electric power production for military ground vehicles.

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. North America Radiation-Hardened Electronics Market Landscape

4.1 Market Overview

4.2 North America PEST Analysis

4.3 Ecosystem Analysis

5. North America Radiation-Hardened Electronics Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Escalating Procurement of Radiation-Hardened Electronics

5.1.2 Surging Investment in Space Programs

5.2 Market Restraints

5.2.1 High Complexity in Designing Radiation-Hardened Electronics

5.3 Market Opportunities

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 – North America Analysis

6.1 North America Radiation-Hardened Electronics Market Overview

6.2 North America Radiation-Hardened Electronics Market Revenue Forecast and Analysis

7. North America Radiation-Hardened Electronics Market Analysis – By Component

7.1 Overview

7.2 North America 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. North America Radiation-Hardened Electronics Market Analysis – By Manufacturing Technique

8.1 Overview

8.2 North America 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. North America Radiation-Hardened Electronics Market Analysis – by Application

9.1 Overview

9.2 North America 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. North America Radiation-Hardened Electronics Market – Country Analysis

10.1 Overview

10.1.1 North America: Radiation-Hardened Electronics Market, by Key Country

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

10.1.1.1.1 US: Radiation-Hardened Electronics Market, by Component

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

10.1.1.1.3 US: Radiation-Hardened Electronics Market, by Application

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

10.1.1.2.1 Canada: Radiation-Hardened Electronics Market, by Component

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

10.1.1.2.3 Canada: Radiation-Hardened Electronics Market, by Application

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

10.1.1.3.1 Mexico: Radiation-Hardened Electronics Market, by Component

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

10.1.1.3.3 Mexico: 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.             North America Radiation-Hardened Electronics Market Revenue and Forecast to 2028 (US$ Million)

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

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

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

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

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

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

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

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

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

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

Table 12.          List of Abbreviation

LIST OF FIGURES.

Figure 1.           North America Radiation-Hardened Electronics Market Segmentation

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

Figure 3.           North America Radiation-Hardened Electronics Market Overview

Figure 4.           North America Radiation-Hardened Electronics Market, by Component

Figure 5.           North America Radiation-Hardened Electronics Market, by Country

Figure 6.           North America PEST Analysis

Figure 7.           North America Radiation-Hardened Electronics Market- Ecosystem Analysis

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The List of Companies - North America 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 North America 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 North America 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 North America 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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