The radiation-hardened electronics market was valued at USD 935.9 Million in 2015 and is estimated to reach USD 1,277.4 Million by 2022, at a CAGR of 4.46% during the forecast period. The base year used for this study is 2015, and the forecast period considered is between 2016 and 2022.

The research methodology used to estimate and forecast the radiation-hardened electronics market begins with obtaining data on key vendor revenues through secondary research. Some of the secondary sources used in this research include information from various journals and databases such as IEEE journals, Factiva, Hoover’s, and OneSource. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global radiation-hardened electronics market from the revenues of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews of people holding key positions in the industry such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

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Market for power management component likely to grow at the highest rate during the forecast period

Power management components have been a major market for radiation-hardened electronics. With the increased demand for transistors, diodes, and MOSFETs in various space and defense applications, more and more advancements in this technology is taking place and is focused on integrating radiation-hardened electronics power management chipsets into various devices. Power management components are greatly influenced by the rad-hard electronics market. MOSFETs are the most widely used components by almost every industry in the modern era and are posing good opportunities for industry players to invest in such technologies.

Space (Satellite) application held the largest share of radiation-hardened electronics market in 2015

The radiation-hardened electronics market is led by the space application, which is further segmented into military & commercial applications. The increasing number of space missions conducted globally is expected to drive the growth of the radiation-hardened electronics market for the space application during the forecast period. The demand from commercial industries for robust and reliable radiation-hardened electronic components in satellites creates good growth opportunities in the near future.

North America held the largest market share in 2015

North America held the largest share of the radiation-hardened electronics market in 2015, followed by Europe and APAC. The U.S. accounted for the largest share of the radiation-hardened electronics market in North America, followed by Canada and Mexico. The high growth of the market in this region can be attributed to the increasing demand for rad-hard components owing to the presence of a large number of rad-hard component manufacturers in North America as well as some renowned space & defense research institutes.

The key manufacturers of radiation-hardened electronics market include, BAE Systems (U.K.), Honeywell Aerospace (U.S.), Microsemi Corporation (U.S.), Atmel Corp and Xilinx, Inc. (U.S.), among others.

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