The radiation hardened electronics market is expected to grow from USD 1.5 billion in 2022 to USD 1.8 billion by 2027, at a CAGR of 4.0% during the forecast period. Rising intelligence, surveillance, and reconnaissance (ISR) activities across the globe, and technology advancements in multicore processors used for military and space-grade applications are the major drivers for the radiation hardened electronics market. The increasing demand for radiation-hardened electronics in commercial satellites create future scope for the sales of radiation hardened electronics market. High costs associated with development and designing of radiation-hardened products is a major factor restraining the growth of the radiation hardened electronics market. Additionally, customized requirements from high-end consumers are a major challenge for the market players.
Although the radiation hardened electronics market is growing at a steady pace, it is competitive owing to the presence of several players such as are Microchip Technology Inc. (US), BAE Systems (UK), Renesas Electronics Corporation (Japan), Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), developing and offering various types of radiation-hardened components at competitive prices. The key strategies adopted by these players to enhance their product portfolios, increase their market share, and expand their presence in the market include product launches, mergers, acquisitions, joint ventures, product integrations/contacts, and expansions. These strategies enabled them to efficiently cater to the growing demand for radiation hardened electronics from different application areas and expand their footprint by offering products in all the major regions.
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For instance, in March 2022, STMicroelectronics announced the launch of its new series of radiation-hardened power, analog, and logic ICs with a low-cost plastic package. The new series is expected to include radiation-hardened devices such as voltage regulators, data convertors, logic gates, and LVDS transceivers which are utilized in various space applications such as telemetry start trackers and on-board computers. In January 2022, Microchip Technology Inc. developed its space-grade DC-DC power converter which includes 28V-input, 50-watt (W) radiation-tolerant options. These products are easier to customize in comparison to alternative space-grade power convertors which help deliver specific voltage and current requirements. Further, in August 2021, BAE Systems collaborated with GlobalFoundries for the development of radiation-hardened single board computers for space applications. The RAD510 SoC is expected to be designed by BAE Systems and manufactured by GlobalFoundries. These new SBCs are expected to provide power architecture and software compatible processing which offers highly advanced features than those of other general-purpose processors.
BAE Systems develops and provides advanced high-reliability radiation-hardened electronics at the component, card, and unit levels. The products offered for the commercial and military electronics markets include flight and engine controls, electronic warfare and night vision systems, surveillance and reconnaissance sensors, mobile networked-communication equipment, systems integration, space systems, and environment-friendly energy management systems. The company offers RF systems, synthetic aperture radar processing, antenna design, mapping software, and radiation-hardened electronics to enhance the command, communicate, and control functionalities for spacecraft. The company offers a wide range of radiation-hardened electronics for spacecraft and satellites such as multicore single board computers, memories, FPGAs, and ASICs.
Microchip Technology Inc. has a broad portfolio of radiation-hardened and radiation-tolerant space products including FPGAs, ASICs, power management, memory, microprocessors & microcontrollers, communication interfaces, diodes, transistors, mixed signal ICs, frequency and timing solutions, RF components, custom semiconductor packaging, and integrated power distribution systems. The company majorly focuses on research & development activities to accelerate its product offerings for new industry verticals. In 2021, Microchip Technology Inc. invested approximately 15% of its revenue in R&D activities. The company is also innovating upon its product portfolio and expanding its market through product launches to maintain its leading position in the market. It has a wide geographic reach, with sales and distribution channels in North America, Europe, Middle East, South America, Africa, and Asia Pacific.
STMicroelectronics majorly focuses on designing, development, production, and marketing semiconductor chips for the semiconductor industry. The company offers a wide range of radiation-hardened electronic components such as ICs, ASIC platforms, convertors, comparators and amplifiers, transistors, MOSFETs, rectifiers, logic ICs, and power management products. It offers its radiation-hardened electronic products with JANS, QML, and ESCC qualified to meet the specific requirements in space applications. STMicroelectronics has over 40 years’ experience in the space sector with offerings on more than 10 million flights. The company offers an extensive portfolio of radiation-hardened products for tough and thermal environments in space applications such as payloads of power systems, satellite platforms, and mixed signal boards. It also has in-house design and manufacturing facilities which accelerate developments in Enhance Low Dose Rate Sensitivity (ELDRS), Total Ionization Dose (TID), and Single Effect Event (SEE). This expertise in space and radiation-hardened electronics offers added opportunities for the company towards strengthening its market position.
Radiation Hardened Electronics Market by Component (Mixed Signal ICs, Processors & Controllers, Memory, Power Management), Manufacturing Techniques (RHBD, RHBP), Product Type, Application and Geography - Global Forecast to 2027
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