India Radiation Hardened Electronics Market Size & Outlook
India radiation hardened electronics market, 2017-2030 (US$M)
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India radiation hardened electronics market highlights
- The India radiation hardened electronics market generated a revenue of USD 84.5 million in 2023 and is expected to reach USD 189.2 million by 2030.
- The India market is expected to grow at a CAGR of 12.2% 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 84.5 million |
| Market revenue in 2030 | USD 189.2 million |
| Growth rate | 12.2% (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, India accounted for 5.1% 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 28.28% in 2023. Horizon Databook has segmented the India 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.
India's ambitious space program, led by the Indian Space Research Organization (ISRO), has been a significant driver of growth in the Radiation hardened electronics market. The development of satellites, space probes, and missions such as Chandrayaan and Mangalyaan require robust electronics capable of withstanding the rigors of space radiation.
The Indian government's initiatives, such as Make in India and Digital India, are instrumental in promoting indigenous research, development, and manufacturing capabilities, particularly in strategic sectors like space technology.
Make in India aims to strengthen domestic manufacturing by streamlining regulations and incentivizing investment, thus encouraging the production of high-tech components such as radiation hardened electronics within the country. Similarly, Digital India focuses on using information and communication technologies to empower society and promote digital literacy, creating an environment conducive to innovation and research in advanced electronics.
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Radiation Hardened Electronics Market Scope
Radiation Hardened Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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India radiation hardened electronics market size, by component, 2017-2030 (US$M)
India Radiation Hardened Electronics Market Outlook Share, 2023 & 2030 (US$M)
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