Mexico Radiation Hardened Electronics Market Size & Outlook
Mexico radiation hardened electronics market, 2017-2030 (US$M)
Related Markets
Mexico radiation hardened electronics market highlights
- The Mexico radiation hardened electronics market generated a revenue of USD 36.0 million in 2023 and is expected to reach USD 43.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 2.9% 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 36.0 million |
| Market revenue in 2030 | USD 43.9 million |
| Growth rate | 2.9% (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, Mexico accounted for 2.2% 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 Latin America, Brazil radiation hardened electronics market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 70.4 million by 2030.
Power management was the largest segment with a revenue share of 30.28% in 2023. Horizon Databook has segmented the Mexico 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.
Mexico has been developing its aerospace industry, with a focus on manufacturing components and systems for the aerospace and defense sectors. As part of this growth, there is an increasing demand for radiation hardened electronics for use in satellites, spacecraft, and other aerospace applications.
The modernization efforts in Mexico's defense and security sectors are driving the demand for advanced electronics, including Radiation hardened components. As the country continues to invest in strengthening its defense capabilities, there will be an increasing need for reliable and resilient electronics capable of withstanding harsh environmental conditions, such as those encountered in military applications.
This growing demand presents significant opportunities for companies specializing in radiation hardened electronics to expand their presence in the Mexican market and contribute to the country's defense modernization efforts.
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Radiation Hardened Electronics Market Scope
Radiation Hardened Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico radiation hardened electronics market size, by component, 2017-2030 (US$M)
Mexico Radiation Hardened Electronics Market Outlook Share, 2023 & 2030 (US$M)
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