The biggest threat to satellites is radiation generated from solar flares, resulting in system failures. Due to the lack of air protection, these satellites are vulnerable to solar flares. As a result, radiation hardening is required to withstand space radiation while protecting electronic components. Furthermore, electrical components used in space activities are manufactured with a life expectancy of at least 15 years without failure. High-energy particles in space destroy the electronics. These reasons influence the global space industry to adopt rad-hard electronics, further boosting the radiation-hardened electronics market.
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BAE Systems; Infineon Technologies AG; Texas Instruments Incorporated; Cobham Advanced Electronic Solutions; Honeywell International Inc. are some of the key market players operating in the global radiation-hardened electronics market. The listing of key players is derived by considering multiple factors such as overall revenue, radiation-hardened electronics product portfolio, geographical reach, new product launches, market initiatives, and investment in technology up-gradation, partnerships, and other market-related activities. In addition to these players, there are several other important players operating in the radiation-hardened electronics ecosystems which were studies analyzed during the course of this market research study, such as Data Device Corporation; Renesas Electronics Corporation; STMicroelectronics; Xilinx, Inc.; VORAGO Technologies; and Microchip Technology Inc. Most of the market initiatives were observed in North America and Europe region, which have a high potential of market-related products, solutions, and services.
The rapidly growing medical equipment manufacturing industry across developed and developing countries is expected to contribute to the radiation-hardened electronics market. The high investment by government bodies to promote infrastructural development across medical facilities by equipping it with the latest medical devices further contributes to the increased medical equipment manufacturing. For instance, developing countries such as Peru and Chile have experienced a rise in demand for medical equipment and product due to government initiatives. Further, other countries such as the US, France, Germany, and Switzerland have the presence of renewed medical equipment manufacturers that are constantly investing in the development of technologically advanced and compact medical equipment designs. These factors are expected to influence the radiation-hardened electronics market from the medical applications sector, thereby contributing to the growth of the global radiation-hardened electronics market.
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