Latin America Radiation Hardened Electronics Market Size & Outlook
Latin America radiation hardened electronics market, 2017-2030 (US$M)
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Latin America radiation hardened electronics market highlights
- The Latin America radiation hardened electronics market generated a revenue of USD 98.2 million in 2023.
- The market is expected to grow at a CAGR of 6.8% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 98.2 million |
| Market revenue in 2030 | USD 155.5 million |
| Growth rate | 6.8% (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, Latin America region accounted for 6.0% 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 30.35% in 2023. Horizon Databook has segmented the Latin America 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.
Latin America is witnessing the emergence of a nascent aerospace industry, with countries like Brazil and Mexico establishing aerospace manufacturing capabilities. The production of aircraft, UAVs (unmanned aerial vehicles), and other aerospace systems require reliable electronics that can withstand radiation exposure, driving demand in the region.
The expansion of space exploration programs in countries such as Brazil, Argentina, and Mexico have spurred the demand for radiation hardened electronics for several reasons. Satellites used in communication, Earth observation, and scientific research missions operate in harsh space environments where they are exposed to radiation from sources like solar flares and cosmic rays.
Radiation hardened electronics are essential for ensuring the reliability and longevity of these satellites' systems, as they are designed to withstand the effects of radiation without compromising performance. Secondly, as these countries invest more in space technology, they require high-quality components that meet the stringent requirements of space missions.
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Radiation Hardened Electronics Market Scope
Radiation Hardened Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America radiation hardened electronics market size, by country, 2017-2030 (US$M)
Latin America Radiation Hardened Electronics Market Outlook Share, 2023 & 2030 (US$M)
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