Semiconductors are the building blocks of the electronics circuits that possess unique electrical properties between the insulators and the conductors. Electrical components have become essential for various applications ranging from simple timers to most complex instruments such as satellites and supercomputers.
Read Report Overview: Radiation-Hardened Electronics for Space Application Market
The global radiation-hardened electronics for space applications market is estimated to reach $4,761.1 million in 2032 from $2,348.0 million in 2021, at a growth rate of 1.70% during the forecast period. The growth in the global radiation-hardened electronics for space applications market is expected to be driven by increasing demand for communication and Earth observation satellites.
The electronic components which possess the capability to survive in the high radiation environment are known as radiation-hardened electronics. Radiation hardening is a survivability testing of electronic components for radiation environments that are commonly used in industries such as defense, energy sector, and aerospace. Over the past few decades, the advancement in various electronic components and semiconductors has created opportunities for satellite and launch vehicle manufacturers to operate and survive in high-radiation environments. Additionally, the continuous use of technological advancements in electronics has made the electronics components much smaller in size and weight.
Recent Developments in Global Radiation-Hardened Electronics for Space Applications Market
- In June 2020, GSI Technology partnered with NSF Center for space to build cost-effective radiation-hardened and modular computer systems for space-related efforts, from ground-based high-performance computing data centers to deep space missions.
- In March 2021, Mercury systems signed a contract with NASA’s Jet Propulsion Laboratory to provide solid-state data recorders for the science mission. The device would be installed in an Earth-imaging spectrometer instrument, which is scheduled to launch in 2022.
- In August 2021, STMicroelectronics collaborated with Xilinx, Inc. to build a power solution for Xilinx radiation-tolerant field-programmable gate arrays (FPGA) with QML-V qualified voltage regulator.
- In April 2021, Exxelia launched a high-performance space-graded resistor that meets the requirements of weapons platforms, modern electronic warfare, and a wide range of space applications.
Radiation-hardened electronics for space applications have gained significant importance over the three years (2019-2021). An increase in the requirement of satellites and launch vehicles around the globe from various end users, such as defense and government, and commercial, has generated the demand for radiation-hardened electronics for space applications during the forecast period. The industry is currently focusing on developing high-efficient and low-weight radiation-hardened electronics for space applications that can be used for several years. The research study is based on extensive primary interviews (in-house industry players, market leaders, and experts) and secondary research (a host of paid and unpaid databases), along with analytical tools to predict the forecast analysis for the study period. With the help of these, the radiation-hardened electronics for space application study provides a broader perspective of the industry.
The competitive landscape of the radiation-hardened electronics for space applications market consists of several organic and inorganic strategies followed by the key players to increase their market share. The strategies include product innovations, contracts, partnerships, acquisitions, and business expansions, among others.
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Some of the key players in the global radiation-hardened electronics for space applications market include Analog Device, Renesas Corporation, Micropac, and BAE System. These companies are aiming for a wide range of partnerships, collaborations, agreements, and contracts to expand their operations and increase their market presence globally to generate revenues and attract new customers.