South Korea Radiation Hardened Electronics Market Size & Outlook
South Korea radiation hardened electronics market, 2017-2030 (US$M)
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South Korea radiation hardened electronics market highlights
- The South Korea radiation hardened electronics market generated a revenue of USD 41.2 million in 2023 and is expected to reach USD 100.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 13.6% 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 41.2 million |
| Market revenue in 2030 | USD 100.5 million |
| Growth rate | 13.6% (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 Korea accounted for 2.5% 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 Asia Pacific, China radiation hardened electronics market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 100.5 million by 2030.
Power management was the largest segment with a revenue share of 29.61% in 2023. Horizon Databook has segmented the South Korea 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 Korea boasts a robust semiconductor industry, with companies like Samsung Electronics and SK HYNIX INC. leading the way. These companies have extensive experience and expertise in semiconductor manufacturing, which can be leveraged to produce Radiation hardened electronic components.
The South Korean government has been actively supporting the development of high-tech industries, including semiconductor and electronics manufacturing. Initiatives such as the Korean New Deal prioritize investments in advanced technologies, creating opportunities for the growth of radiation hardened electronics.
With continuous advancements in semiconductor technology, South Korean companies can develop more reliable and efficient Radiation hardened electronic components. This enhances their competitiveness in the global market and contributes to the growth of the industry domestically.
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Radiation Hardened Electronics Market Scope
Radiation Hardened Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea radiation hardened electronics market size, by component, 2017-2030 (US$M)
South Korea Radiation Hardened Electronics Market Outlook Share, 2023 & 2030 (US$M)
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