North America Radiation Hardened Electronics Market Size & Outlook
North America radiation hardened electronics market, 2017-2030 (US$M)
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North America radiation hardened electronics market highlights
- The North America radiation hardened electronics market generated a revenue of USD 562.7 million in 2023.
- The market is expected to grow at a CAGR of 3.7% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 562.7 million |
| Market revenue in 2030 | USD 726.9 million |
| Growth rate | 3.7% (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, North America region accounted for 34.2% 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 28.31% in 2023. Horizon Databook has segmented the North 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.
The Radiation hardened electronics market in North America is growing significantly, driven by various factors such as the increasing need for operational efficiency and real-time data access across various industries, including telecommunications, aerospace & defense, and others.
The growth is fueled by the focus on space and nuclear programs, government investments in space electronics radiation hardened for space missions, and the expansion in the production of radiation-tolerant materials.
Key players operating in the North American Radiation hardened electronics market include Honeywell International Inc., Infineon Technologies AG, and others. These companies are at the forefront of developing and supplying Radiation hardened electronic components and systems for various applications, including aerospace, defense, telecommunications, and industrial sectors.
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Radiation Hardened Electronics Market Scope
Radiation Hardened Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America radiation hardened electronics market size, by country, 2017-2030 (US$M)
North America Radiation Hardened Electronics Market Outlook Share, 2023 & 2030 (US$M)
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