Europe Radiation Hardened Electronics Market Size & Outlook
Europe radiation hardened electronics market, 2017-2030 (US$M)
Related Markets
Europe radiation hardened electronics market highlights
- The Europe radiation hardened electronics market generated a revenue of USD 470.0 million in 2023.
- The market is expected to grow at a CAGR of 4.1% 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, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 470.0 million |
| Market revenue in 2030 | USD 624.1 million |
| Growth rate | 4.1% (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, Europe region accounted for 28.6% 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 29.6% in 2023. Horizon Databook has segmented the Europe 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.
Europe's robust space industry, including the European Space Agency (ESA) and private space companies, creates a strong demand for radiation hardened electronics for satellites, probes, and another spacecraft.
The Swedish National Space Agency's funding for a space-hardened RISC-V microprocessor drives European innovation, competitiveness, and market growth in space technology. It promotes collaboration, stimulates demand, and may influence industry standards, positioning Europe strongly in the global space market.
Nuclear power constitutes a significant portion of European electricity generation, necessitating reliable electronics capable of withstanding radiation-rich environments for maintaining existing plants and potential new developments, underscoring the crucial role of advanced technology in ensuring the safety and efficiency of these facilities.
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Radiation Hardened Electronics Market Scope
Radiation Hardened Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe radiation hardened electronics market size, by country, 2017-2030 (US$M)
Europe Radiation Hardened Electronics Market Outlook Share, 2023 & 2030 (US$M)
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