Saudi Arabia Radiation Hardened Electronics Market Size & Outlook
Saudi Arabia radiation hardened electronics market, 2017-2030 (US$M)
Related Markets
Saudi Arabia radiation hardened electronics market highlights
- The Saudi Arabia radiation hardened electronics market generated a revenue of USD 44.2 million in 2023 and is expected to reach USD 65.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.7% 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.
Radiation hardened electronics market data book summary
| Market revenue in 2023 | USD 44.2 million |
| Market revenue in 2030 | USD 65.2 million |
| Growth rate | 5.7% (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, Saudi Arabia accounted for 2.7% 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 Middle East & Africa, Saudi Arabia radiation hardened electronics market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 58.9 million by 2030.
Power management was the largest segment with a revenue share of 28.28% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Saudi Arabia's significant defense and security needs, fueled by regional geopolitical tensions and security threats, drive investments in modernizing defense capabilities. This modernization often involves upgrading military equipment and systems with advanced electronics, including Radiation hardened components, to ensure reliability and resilience in challenging environments.
Furthermore, as part of its Vision 2030 initiative, Saudi Arabia is actively diversifying its economy away from dependence on oil and gas. This diversification effort includes investing in high-tech industries such as aerospace and defense, which demand advanced electronics capable of withstanding harsh environmental conditions.
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Radiation Hardened Electronics Market Scope
Radiation Hardened Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia radiation hardened electronics market size, by component, 2017-2030 (US$M)
Saudi Arabia Radiation Hardened Electronics Market Outlook Share, 2023 & 2030 (US$M)
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