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.
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.
Strategic insights for the North America Radiation-Hardened Electronics provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 709.13 Million |
Market Size by 2028 | US$ 931.19 Million |
Global CAGR (2021 - 2028) | 4.0% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The geographic scope of the North America Radiation-Hardened Electronics refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The North America Radiation-Hardened Electronics Market is valued at US$ 709.13 Million in 2021, it is projected to reach US$ 931.19 Million by 2028.
As per our report North America Radiation-Hardened Electronics Market, the market size is valued at US$ 709.13 Million in 2021, projecting it to reach US$ 931.19 Million by 2028. This translates to a CAGR of approximately 4.0% during the forecast period.
The North America Radiation-Hardened Electronics Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Radiation-Hardened Electronics Market report:
The North America Radiation-Hardened Electronics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Radiation-Hardened Electronics Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Radiation-Hardened Electronics Market value chain can benefit from the information contained in a comprehensive market report.