Radiation-hardened electronics market to grow at a CAGR of 4.02% by 2027: North America will account for 40% of the market's growth - Technavio

NEW YORK, Feb. 20, 2023 /PRNewswire/ -- According to Technavio, the global radiation-hardened electronics market size is estimated to grow by USD 340.35 million from 2022 to 2027. The market is estimated to grow at a CAGR of 4.02% during the forecast period. Moreover, the growth momentum will accelerate. North America will account for 40% of the market's growth during the forecast period. The report includes historic market data from 2017 to 2021. In 2017, the radiation-hardened electronics market was valued at USD 1,411.64 million. The report also provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on the market, request a sample report

Radiation-hardened electronics market - Five forces
The global radiation-hardened electronics market is fragmented, and the five forces analysis covers– 

• Bargaining power of buyers 
• The threat of new entrants
• Threat of rivalry
• Bargaining power of suppliers
• Threat of substitutes
• For an interpretation of Porter's five forces model – Buy the report!

Radiation-hardened electronics market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Radiation-hardened electronics market - Segmentation assessment

Segment overview
Technavio has segmented the market based on component (power management, mixed signal ICs, processors and controllers, and memory) and product type (custom-made and commercial-off-the-shelf). 

• The custom-made segment will account for a significant share of the market's growth during the forecast period. Custom-made radiation-hardened electronics are processing units that are programmable and customizable. The growth of this segment is attributed to factors such as the use of high-end custom radiation-hardened electronics devices in space applications.

Geography overview
Based on geography, the global radiation-hardened electronics market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global radiation-hardened electronics market.

• North America is estimated to account for 40% of the growth of the global market during the forecast period. The US is a key contributor to the growth of the market in the region owing to the growth of end-user industries such as space and aerospace and defense, increasing investment by governments, and the presence of numerous vendors. Most vendors of space-based components are located in the US. The presence of numerous manufacturing companies and the need to reduce the complexity of production and supply chain will increase the demand for radiation-hardened electronics components in the region during the forecast period.

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Radiation-hardened electronics market – Market dynamics
Key factor driving market growth

• The growing surveillance and reconnaissance are driving the market growth.
• Satellites are used for specific applications, such as surveillance, reconnaissance, and navigation.
• They provide continuous coverage and can be used for the early detection of intercontinental ballistic missile launches.
• Moreover, they can carry out both strategic and tactical operations.
• Many countries have developed military satellite networks or cooperated with technology partners to access technologies according to their requirements, with the advent of smart sensors and miniature satellites.
• Development projects will create opportunities for command-and-control solutions to monitor these satellites.
• These developments are expected to drive the growth of the global market during the forecast period.

Leading trends influencing the market 

• Product launches a key in the market.
• Prominent players are focusing on various growth strategies, such as new product launches, to broaden their landscapes and garner large market shares.
• The market has both international and local players.
• New product launch help companies strengthen their product offerings and enhance diversification.
• Such factors will contribute to the growth of the global market during the forecast period.

Major challenges hindering market growth

• The limitations of radiation detection and monitoring instruments are impeding market growth.
• There is insufficient equipment that can detect very low levels of radiation and differentiate between the different sources of radiation.
• In addition, the limited supply of helium has compelled manufacturers to look for alternate materials.
• Some radiation-hardened electronic devices release only small amounts of radiation.
• Moreover, radiation detection instruments can register higher radiation values from natural radiation sources, which may lead to false alarms.
• Such factors may hinder the growth of the market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this radiation-hardened electronics market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the radiation-hardened electronics market between 2023 and 2027
• Precise estimation of the size of the radiation-hardened electronics market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the radiation-hardened electronics market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of radiation-hardened electronics market vendors

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Radiation-hardened Electronics Market Scope

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global radiation-hardened electronics market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global radiation-hardened electronics market 2017 - 2021 ($ million)

• 4.2 Product type Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Product type Segment 2017 - 2021 ($ million)

• 4.3 Component Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Component Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product Type

• 6.1 Market segments 
• Exhibit 30: Chart on Product Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product Type - Market share 2022-2027 (%)

• 6.2 Comparison by Product Type 
• Exhibit 32: Chart on Comparison by Product Type
• Exhibit 33: Data Table on Comparison by Product Type

• 6.3 Custom made - Market size and forecast 2022-2027
• Exhibit 34: Chart on Custom made - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Custom made - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Custom made - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Custom made - Year-over-year growth 2022-2027 (%)

• 6.4 Commercial-off-the-shelf (COTS) - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Commercial-off-the-shelf (COTS) - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Commercial-off-the-shelf (COTS) - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Commercial-off-the-shelf (COTS) - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Commercial-off-the-shelf (COTS) - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product Type 
• Exhibit 42: Market opportunity by Product Type ($ million)

7 Market Segmentation by Component

• 7.1 Market segments 
• Exhibit 43: Chart on Component - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Component - Market share 2022-2027 (%)

• 7.2 Comparison by Component 
• Exhibit 45: Chart on Comparison by Component
• Exhibit 46: Data Table on Comparison by Component

• 7.3 Power management - Market size and forecast 2022-2027
• Exhibit 47: Chart on Power management - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Power management - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Power management - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Power management - Year-over-year growth 2022-2027 (%)

• 7.4 Mixed signal ICs - Market size and forecast 2022-2027
• Exhibit 51: Chart on Mixed signal ICs - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Mixed signal ICs - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Mixed signal ICs - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Mixed signal ICs - Year-over-year growth 2022-2027 (%)

• 7.5 Processors and controllers - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Processors and controllers - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Processors and controllers - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Processors and controllers - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Processors and controllers - Year-over-year growth 2022-2027 (%)

• 7.6 Memory - Market size and forecast 2022-2027
• Exhibit 59: Chart on Memory - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Memory - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Memory - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Memory - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Component 
• Exhibit 63: Market opportunity by Component ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 Canada - Market size and forecast 2022-2027 
• Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027
• Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 Advanced Micro Devices Inc. 
• Exhibit 116: Advanced Micro Devices Inc. - Overview
• Exhibit 117: Advanced Micro Devices Inc. - Business segments
• Exhibit 118: Advanced Micro Devices Inc. - Key news
• Exhibit 119: Advanced Micro Devices Inc. - Key offerings
• Exhibit 120: Advanced Micro Devices Inc. - Segment focus

• 12.4 Amphenol Corp. 
• Exhibit 121: Amphenol Corp. - Overview
• Exhibit 122: Amphenol Corp. - Business segments
• Exhibit 123: Amphenol Corp. - Key offerings
• Exhibit 124: Amphenol Corp. - Segment focus

• 12.5 Analog Devices Inc. 
• Exhibit 125: Analog Devices Inc. - Overview
• Exhibit 126: Analog Devices Inc. - Business segments
• Exhibit 127: Analog Devices Inc. - Key offerings
• Exhibit 128: Analog Devices Inc. - Segment focus

• 12.6 BAE Systems Plc 
• Exhibit 129: BAE Systems Plc - Overview
• Exhibit 130: BAE Systems Plc - Business segments
• Exhibit 131: BAE Systems Plc - Key offerings
• Exhibit 132: BAE Systems Plc - Segment focus

• 12.7 Frontgrade Technologies 
• Exhibit 133: Frontgrade Technologies - Overview
• Exhibit 134: Frontgrade Technologies - Product / Service
• Exhibit 135: Frontgrade Technologies - Key offerings

• 12.8 GSI Technology Inc. 
• Exhibit 136: GSI Technology Inc. - Overview
• Exhibit 137: GSI Technology Inc. - Product / Service
• Exhibit 138: GSI Technology Inc. - Key offerings

• 12.9 Honeywell International Inc. 
• Exhibit 139: Honeywell International Inc. - Overview
• Exhibit 140: Honeywell International Inc. - Business segments
• Exhibit 141: Honeywell International Inc. - Key news
• Exhibit 142: Honeywell International Inc. - Key offerings
• Exhibit 143: Honeywell International Inc. - Segment focus

• 12.10 Infineon Technologies AG 
• Exhibit 144: Infineon Technologies AG - Overview
• Exhibit 145: Infineon Technologies AG - Business segments
• Exhibit 146: Infineon Technologies AG - Key news
• Exhibit 147: Infineon Technologies AG - Key offerings
• Exhibit 148: Infineon Technologies AG - Segment focus

• 12.11 Mercury Systems Inc. 
• Exhibit 149: Mercury Systems Inc. - Overview
• Exhibit 150: Mercury Systems Inc. - Product / Service
• Exhibit 151: Mercury Systems Inc. - Key offerings

• 12.12 Microchip Technology Inc. 
• Exhibit 152: Microchip Technology Inc. - Overview
• Exhibit 153: Microchip Technology Inc. - Business segments
• Exhibit 154: Microchip Technology Inc. - Key offerings
• Exhibit 155: Microchip Technology Inc. - Segment focus

• 12.13 Renesas Electronics Corp. 
• Exhibit 156: Renesas Electronics Corp. - Overview
• Exhibit 157: Renesas Electronics Corp. - Business segments
• Exhibit 158: Renesas Electronics Corp. - Key offerings
• Exhibit 159: Renesas Electronics Corp. - Segment focus

• 12.14 STMicroelectronics NV 
• Exhibit 160: STMicroelectronics NV - Overview
• Exhibit 161: STMicroelectronics NV - Business segments
• Exhibit 162: STMicroelectronics NV - Key news
• Exhibit 163: STMicroelectronics NV - Key offerings
• Exhibit 164: STMicroelectronics NV - Segment focus

• 12.15 Teledyne Technologies Inc. 
• Exhibit 165: Teledyne Technologies Inc. - Overview
• Exhibit 166: Teledyne Technologies Inc. - Business segments
• Exhibit 167: Teledyne Technologies Inc. - Key news
• Exhibit 168: Teledyne Technologies Inc. - Key offerings
• Exhibit 169: Teledyne Technologies Inc. - Segment focus

• 12.16 Texas Instruments Inc. 
• Exhibit 170: Texas Instruments Inc. - Overview
• Exhibit 171: Texas Instruments Inc. - Business segments
• Exhibit 172: Texas Instruments Inc. - Key news
• Exhibit 173: Texas Instruments Inc. - Key offerings
• Exhibit 174: Texas Instruments Inc. - Segment focus

• 12.17 TTM Technologies Inc. 
• Exhibit 175: TTM Technologies Inc. - Overview
• Exhibit 176: TTM Technologies Inc. - Business segments
• Exhibit 177: TTM Technologies Inc. - Key offerings
• Exhibit 178: TTM Technologies Inc. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 179: Inclusions checklist
• Exhibit 180: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 181: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 182: Research methodology
• Exhibit 183: Validation techniques employed for market sizing
• Exhibit 184: Information sources

• 13.5 List of abbreviations 
• Exhibit 185: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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