The Radiation-Hardened Electronics Market was valued at USD 1.4 billion in 2020 and is estimated to reach USD 1.7 billion by 2026, registering a CAGR of 3.5% during the forecast period (2020–2026). Industries use Radiation-Hardened Electronics to protect devices/systems from the effects of radiation. The application areas of rad-hard electronics include space (satellites), aerospace & defense, nuclear power plants, implantable medical devices, and scientific research. The growing intelligence, surveillance, and reconnaissance (ISR) operations globally, the increase in number of space missions, and growing demand for rad-hard electronics in the commercial satellite industry are factors driving the growth of the rad-hard electronics market. However, the high development and testing costs are expected to restrain the growth of the market during the review period.
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The report also includes the impact of the COVID-19 pandemic on the growth of the Global Radiation-Hardened Electronics Market as well as the segments and regional markets. For instance, the satellite manufacturing as an application of rad-hard electronic components is affected severely by the disruptions caused across supply chains during COVID-19 severely. This is because this market is characterized by low production volumes and a high level of specialization, with a limited number of suppliers.
The Radiation-Hardened Electronics Market is dominated by Bae Systems (UK), STMicroelectronics (Switzerland), Microchip technology (US), Renesas Electronics (Japan), Honeywell Aerospace & Defense (US), and Infineon Technologies (Germany). These players have adopted various growth strategies such as, product integrations, geographic expansions, collaborations, and new product launches to increase their presence in the global market.
BAE Systems was the leader in the rad-hard electronics market in 2019. The company is a global defense, aerospace, and security company providing products & services for air, maritime, land, and cyber domains. The company develops and provides advanced high-reliability Radiation-Hardened Electronics at the component, card, and unit levels. The subsidiaries of the company are Flight Control Management GmbH (Germany), Aero International Limited (UK), Armstrong Whitworth Aircraft Limited (UK), and Avro International Aerospace Limited (UK), among others. The company has its strong presence in the UK, the US, Saudi Arabia, and Australia.
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Microchip Technology held the second position in the rad-hard electronics market in 2019. The company has a broad portfolio of radiation-hardened and radiation-tolerant space products, including FPGAs, ASICs, RF components, diodes, transistors, MOSFETs, hybrids, power supplies, custom semiconductor packaging, and integrated power distribution systems. Microchip Technology has been involved in space-related initiatives for a wide variety of space programs.
Another important player in the rad-rad electronics market is Infineon Technologies. The company provides rad-hard power and RF solutions for satellites & space exploration through its IR HiRel subsidiary. The company has a strong market position in almost all the industries it operates and a well-balanced revenue generation from all its business segments. This strong position of the company in various markets provides it a competitive advantage. In terms of key business strategies, Infineon Technology follows the Product Launch strategy. For instance, IR HiRel, an Infineon Technologies company, launched radiation-hardened MOSFETs housed in an innovative direct-to-printed Circuit Board (PCB) mounting package in June 2020 and launched the CoolMOS technology platform in April 2020.
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