North America Radiation-Hardened Electronics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Component, Manufacturing Technique, and Application

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.

North America Radiation-Hardened Electronics Market Segmentation

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.