Asia Pacific Radiation Hardened Electronics Market Size & Outlook
Asia Pacific radiation hardened electronics market, 2017-2030 (US$M)
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Asia Pacific radiation hardened electronics market highlights
- The Asia Pacific radiation hardened electronics market generated a revenue of USD 396.6 million in 2023.
- The market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, power management was the largest revenue generating component in 2023.
- Memory is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 396.6 million |
| Market revenue in 2030 | USD 734.6 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Power management |
| Fastest growing segment | Memory |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mixed Signal ICs, Processors & Controllers, Memory, Power Management |
| Key market players worldwide | Advanced Micro Devices Inc, BAE Systems PLC, Honeywell International Inc, Infineon Technologies AG, Microchip Technology Inc, Renesas Electronics Corp, STMicroelectronics NV, Teledyne Technologies Inc, Texas Instruments Inc, TTM Technologies Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.1% of the global radiation hardened electronics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 734.6 million by 2030.
Power management was the largest segment with a revenue share of 29.55% in 2023. Horizon Databook has segmented the Asia Pacific radiation hardened electronics market based on mixed signal ics, processors & controllers, memory, power management covering the revenue growth of each sub-segment from 2017 to 2030.
Countries such as China, India, and Japan are investing heavily in space exploration programs, leading to a surge in demand for radiation hardened electronics for satellites, launch vehicles, and spacecraft. As the economy in the region grows quickly, there's a parallel increase in investments in nuclear power plants to meet rising energy demands.
These nuclear facilities rely on sophisticated control and monitoring systems to ensure safe and efficient operations. However, the high levels of radiation present in these environments necessitate specialized electronics that can withstand such conditions without experiencing performance degradation or failure.
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Radiation Hardened Electronics Market Scope
Radiation Hardened Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific radiation hardened electronics market size, by country, 2017-2030 (US$M)
Asia Pacific Radiation Hardened Electronics Market Outlook Share, 2023 & 2030 (US$M)
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