South Africa Radiation Hardened Electronics Market Size & Outlook
South Africa radiation hardened electronics market, 2017-2030 (US$M)
Related Markets
South Africa radiation hardened electronics market highlights
- The South Africa radiation hardened electronics market generated a revenue of USD 20.2 million in 2023 and is expected to reach USD 31.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.5% 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 20.2 million |
| Market revenue in 2030 | USD 31.4 million |
| Growth rate | 6.5% (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, South Africa accounted for 1.2% 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 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 30.2% in 2023. Horizon Databook has segmented the South 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.
South Africa's strategic location serves as a magnet for the Radiation hardened electronics market. Its proximity to major markets in Africa, Europe, and the Middle East offers logistical advantages, minimizing shipping times and costs. Bolstered by a well-developed infrastructure, including modern ports and transportation networks, the country facilitates efficient manufacturing and distribution of radiation hardened electronics.
This geographical advantage and a stable political environment position South Africa as a prime hub for companies seeking to tap into diverse markets while ensuring operational efficiency in the production and distribution of high-quality electronics.
South Africa relies on nuclear power for a portion of its electricity generation. Maintaining existing nuclear plants necessitates reliable electronics, and some components might benefit from radiation-hardening for control and monitoring systems.
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Radiation Hardened Electronics Market Scope
Radiation Hardened Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa radiation hardened electronics market size, by component, 2017-2030 (US$M)
South Africa Radiation Hardened Electronics Market Outlook Share, 2023 & 2030 (US$M)
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