PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1100680
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1100680
The radiation hardened electronics market is expected to grow from USD 1,650.1 million in 2021, expected to grow at a CAGR of 4.8% from 2022 to 2028.
Radiation-hardened electronics are electronic components, packages, and solutions designed particularly for high-altitude applications. Silicon, silicon carbide, gallium nitride, and hydrogenated amorphous silicon are among the materials utilized to make such components. These components are resistant to ionizing and high-energy radiation, as well as gamma and neutron radiation released by nuclear reactors. Switching regulators, microprocessors, and power supply devices are frequently used in satellites, airplanes, and nuclear power plants.
The radiation-hardened electronics market has a promising growth potential due to several driving factors such as growing demand for radiation-hardened electronics in commercial satellites; proliferation of intelligence, surveillance, and reconnaissance (ISR) activities worldwide; and increasing use of electronic systems that can withstand a severe nuclear environment. The growing demand for low-cost satellite communication for a variety of applications such as agricultural surveillance, television programming, mobile phone connection, and military surveillance and monitoring is driving up the demand for tiny satellites. These commercial satellites, which have a life duration of 15-20 years, are frequently deployed in geosynchronous orbits for best coverage. The growing number of communication satellites in Earth's orbit has raised the demand for radiation-resistant electronics equipment. OneWeb, SpaceX, Amazon, and Telesat are among the New Space entrepreneurs intending to launch a massive constellation of thousands of low-Earth orbit satellites in the next years to improve the worldwide connection network.
COVID-19 has had a substantial influence on the value chain and demand for radiation-hardened electronics across a wide range of end-use sectors. COVID-19 has a considerable impact on satellite manufacturing as an application of radiation-hardened electronic components. This market is distinguished by low production volumes and a high level of specialization, as well as a small number of providers. COVID-19 has also caused supply chain disruptions, longer lead times in raw material and component supplies, delays in contract executions, and lockdowns in many nations, particularly in the European region, where a third phase of lockdown occurred during the first quarter of 2021.
Radiation-Hardened Electronics Market is segmented on the basis of product type, material type, component type, application, and region.
In terms of product type, the global radiation-hardened electronics market is divided into custom-made and commercial-off-the-shelf products (COTS). During the projected period, the COTS category is anicipated to increase rapidly. COTS's high bandwidth is boosting its use in satellite applications. It is highly reliable and performs well in single-event upsets produced by ionizing radiation. During the forecast period, these variables are projected to drive COTS deployment. Single-board radiation-hardened computers based on commodity components are increasingly being employed in space applications.
The global radiation-hardened electronics market is divided into silicon, silicon carbide, gallium nitride, and others based on material type. During the projection period, the silicon carbide segment is likely to lead in terms of revenue growth rate. Silicon carbide is a semiconductor material with a broad bandgap. It is useful for detecting neutrons. It is very resistant to radiation and extremely stable at high temperatures. Furthermore, gallium nitride is good at shielding semiconductor devices from the effects of radiation. Gallium nitride has a high displacement threshold energy in gamma radiation; hence neutron damage is negligible in gallium nitride-based systems.
Memory, logic, power management, field-programmable gate array (FPGA), application-specific integrated circuit (ASIC), analog and digital mix signals, and controllers and processors are the component types that make up the global radiation-hardened electronics market. In 2021, the power management segment generated the most revenue. The growing demand for metal-oxide-semiconductor field-effect transistors (MOSFETs), also known as metal-oxide-silicon transistors (MOSTs), and diodes for many high-end applications in the defense and space industries is propelling the growth of the power management segment.
The global radiation-hardening electronics market is divided into several applications, including space satellites, aerospace, and defense, nuclear power plants, commercial satellites, medical, and others. Over the projected period, the space satellites segment is expected to increase at a stable rate. High-intensity solar radiation, galactic cosmic rays (GCRs), and radiation belts are the three types of space radiation that harm electronics. Continuous and reliable operations of space satellites rely on their ability to withstand space radiation, which drives demand for radiation-hardened electronics in those satellites.
The electronics manufacturing sector is highly competitive, and as the global combat environment evolves and applications diversify, companies must adapt their product portfolios to the changing needs of end-users. The spread of upgrade contracts to improve the capabilities of the current fleet of operational military equipment also has a significant impact on the market. Players are investing heavily in the R&D of complex product offerings in order to secure long-term contracts and increase market dominance. Furthermore, constant R&D has fueled technological advances in platforms, associated products, and solutions of the radiation-hardened electronics market's active players.
For instance, Infineon Technologies AG, a German semiconductor manufacturing business, completed the acquisition of Cypress Semiconductor, a US-based semiconductor company, in April 2020. By incorporating Cypress, Infineon would be able to focus on structural growth drivers and a diverse variety of applications. Infineon's automotive microcontrollers, semiconductors, sensors, and security solutions are supplemented by Cypress' distinctive array of connectivity components, high-performance memory, microcontrollers, and software ecosystems.
The scope of this report covers the market by its major segments, which include as follows: