Canada Radiation Hardened Electronics Market Size & Outlook
Canada radiation hardened electronics market, 2017-2030 (US$M)
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Canada radiation hardened electronics market highlights
- The Canada radiation hardened electronics market generated a revenue of USD 105.8 million in 2023 and is expected to reach USD 160.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.2% 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.
Radiation hardened electronics market data book summary
| Market revenue in 2023 | USD 105.8 million |
| Market revenue in 2030 | USD 160.7 million |
| Growth rate | 6.2% (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, Canada accounted for 6.4% 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 North America, U.S. radiation hardened electronics market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 160.7 million by 2030.
Power management was the largest segment with a revenue share of 30.43% in 2023. Horizon Databook has segmented the Canada 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.
Radiation hardened electronics are crucial for applications in space exploration, nuclear power, and other high-radiation environments where standard electronics would fail. Canada has been actively involved in the development of radiation hardened electronics, primarily through collaborations between government agencies, research institutions, and private companies.
Canadian universities conduct research into radiation effects on electronics and develop mitigation strategies to enhance the resilience of electronic components. This research is often supported by government funding agencies such as the Natural Sciences and Engineering Research Council of Canada (NSERC) and the Canadian Institutes of Health Research (CIHR).
While initially developed for aerospace and defense purposes, Radiation hardened electronics have found applications in commercial sectors such as nuclear power, medical imaging, and particle physics research. Canadian companies involved in these industries may also contribute to the development of radiation-resistant technologies.
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Radiation Hardened Electronics Market Scope
Radiation Hardened Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada radiation hardened electronics market size, by component, 2017-2030 (US$M)
Canada Radiation Hardened Electronics Market Outlook Share, 2023 & 2030 (US$M)
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