North America Radiation-Hardened Electronics Market Global Trends, Size, Developments Status and Key Players Analysis, Forecast 2028

According to Business Market Insights’ research, the North America Radiation-Hardened Electronics Market was valued at US$ 709.13 million in 2021 and is expected to reach US$ 931.19 million by 2028, registering an annual growth rate of 4.0%  from 2021 to 2028.  Escalating procurement of radiation-hardened electronics and surging investment in space programs are the critical factors attributed to the market expansion.                

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The List of Companies - 

  1. BAE Systems
  2. Data Device Corporation
  3. Honeywell International Inc.
  4. Infineon Technologies AG
  5. Microchip Technology Inc.
  6. Renesas Electronics Corporation
  7. STMicroelectronics
  8. Texas Instruments Incorporated
  9. VORAGO Technologies
  10. Xilinx, Inc. (AMD)

 Increased Satellite Development Drives Growth in North America's Radiation-Hardened Electronics Market

Space programs worldwide are witnessing a surge in investment, driven by government initiatives and substantial funding for satellite development. These satellites serve various purposes, including space exploration, internet services, and navigation.

Key Market Drivers:

  • Growing Satellite Development:
    • The development and launch of satellites are rapidly increasing across major countries.
    • SpaceX's Starlink project, with its goal of creating a vast network of internet-providing satellites, exemplifies this trend.
    • There is a big need for space based internet services.
  • Radiation Protection:
    • Radiation-hardened electronics are essential for protecting satellites from solar flares and harsh space environments.
    • The increased pace of satellite development directly fuels the demand for these specialized electronics.
  • Technology Advancement:
    • Vendors are attracting new customers and expanding into emerging markets by developing new features and technologies within radiation-hardened electronics.

North America Radiation-Hardened Electronics Market Outlook:

  • The increasing demand for radiation-hardened electronics, driven by satellite development, is a major factor of market growth.
  • The North America radiation-hardened electronics market is expected to experience a robust Compound Annual Growth Rate (CAGR) during the forecast period.

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights

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