Middle East & Africa Radiation Hardened Electronics Market Size & Outlook
Middle East & Africa radiation hardened electronics market, 2017-2030 (US$M)
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MEA radiation hardened electronics market highlights
- The MEA radiation hardened electronics market generated a revenue of USD 118.1 million in 2023.
- The market is expected to grow at a CAGR of 6.1% 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, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 118.1 million |
| Market revenue in 2030 | USD 179.1 million |
| Growth rate | 6.1% (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, MEA region accounted for 7.2% 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 29.38% in 2023. Horizon Databook has segmented the Middle East & Africa 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 MEA region is undergoing rapid infrastructure development, including the construction of smart cities, transportation networks, and critical infrastructure projects. These developments require advanced electronics capable of withstanding harsh environmental conditions, making Radiation hardened components essential for reliable operation in challenging environments.
Several countries in the MEA region, such as the United Arab Emirates (UAE), Saudi Arabia, and Egypt, are investing in space exploration programs. Initiatives like the UAE's Mars Mission (Hope Probe) and Saudi Arabia's plans for satellite launches demonstrate the region's commitment to space exploration. As these countries expand their space activities, the demand for radiation hardened electronics for use in satellites and space missions increases.
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Radiation Hardened Electronics Market Scope
Radiation Hardened Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA radiation hardened electronics market size, by country, 2017-2030 (US$M)
Middle East & Africa Radiation Hardened Electronics Market Outlook Share, 2023 & 2030 (US$M)
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