Australia Radiation Hardened Electronics Market Size & Outlook
Australia radiation hardened electronics market, 2017-2030 (US$M)
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Australia radiation hardened electronics market highlights
- The Australia radiation hardened electronics market generated a revenue of USD 23.1 million in 2023 and is expected to reach USD 46.4 million by 2030.
- The Australia market is expected to grow at a CAGR of 10.5% 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.
Radiation hardened electronics market data book summary
| Market revenue in 2023 | USD 23.1 million |
| Market revenue in 2030 | USD 46.4 million |
| Growth rate | 10.5% (CAGR from 2023 to 2030) |
| Largest segment | Power management |
| Fastest growing segment | Memory |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 1.4% of the global radiation hardened electronics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China radiation hardened electronics market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 100.5 million by 2030.
Power management was the largest segment with a revenue share of 30.3% in 2023. Horizon Databook has segmented the Australia 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.
The defense and security sectors in Australia are growing in need of reliable electronics capable of withstanding radiation and other environmental hazards. Radiation hardened electronics play a critical role in military applications such as communication systems, reconnaissance, and surveillance, driving demand in these sectors.
The Australian government has recognized the strategic importance of developing a strong space industry and high-tech sectors for the nation's economic growth and technological advancement. To support this goal, the government has implemented various initiatives to encourage investment.
One such initiative is the Australian Space Agency's Space Infrastructure Fund, which allocates funding to projects focused on enhancing Australia's capabilities in space-related technologies, including Radiation hardened electronics. This funding supports research, development, and commercialization efforts in the field, enabling Australian companies and research institutions to develop expertise and solutions tailored to the demands of the space industry.
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Radiation Hardened Electronics Market Scope
Radiation Hardened Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia radiation hardened electronics market size, by component, 2017-2030 (US$M)
Australia Radiation Hardened Electronics Market Outlook Share, 2023 & 2030 (US$M)
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