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Radiation Hardened Electronics Market Share

Report ID: GMI8918
Published Date: Apr 2024
Report Format: PDF

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Radiation Hardened Electronics Market Share

Honeywell International Inc. and BAE Systems held a significant share of over 15% in the in 2023. Honeywell International Inc. is a multinational conglomerate offering a diverse range of products & services including aerospace systems, building technologies, and performance materials. In the market, Honeywell provides radiation-hardened microelectronics solutions for space applications including processors, controllers, and memory devices. These components ensure reliable operation in harsh radiation environments, meeting the stringent requirements of the aerospace & defense sector.

BAE Systems is a global defense, aerospace, and security company. The company provides radiation-hardened electronics solutions for space exploration, defense, and critical infrastructure. Its offerings include radiation-hardened processors, controllers, and integrated circuits, ensuring reliable operation in harsh radiation environments. BAE Systems' expertise in advanced semiconductor technologies positions it as a key player in the market.

Radiation Hardened Electronics Market Companies

Major players operating in the radiation hardened electronics industry are:

Honeywell International Inc.
BAE Systems
Microchip Technology Inc.
Renesas Electronics Corporation
Advanced Micro Devices, Inc.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The radiation hardened electronics industry was valued at over USD 1.5 billion in 2023 and is estimated to register a CAGR of over 5% between 2024 & 2032, driven by increasing space exploration missions and satellite deployments.

RHBP manufacturing technique segment held a decent market share in 2023 and is expected to register a CAGR of over 5.5% through 2032, as it provides a cost-effective solution for enhancing the radiation resistance of electronics.

Asia Pacific radiation hardened electronics industry held a revenue share of over 30% in 2023 and will show strong growth trends through 2032, owing to rising space exploration programs and satellite deployments by countries including China and India.

Honeywell International Inc., BAE Systems, Microchip Technology Inc., Renesas Electronics Corporation, Advanced Micro Devices, Inc. are some of the major industry contenders.