UK Radiation Hardened Electronics Market Size & Outlook
UK radiation hardened electronics market, 2017-2030 (US$M)
Related Markets
UK radiation hardened electronics market highlights
- The UK radiation hardened electronics market generated a revenue of USD 125.9 million in 2023 and is expected to reach USD 158.3 million by 2030.
- The UK market is expected to grow at a CAGR of 3.3% 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 125.9 million |
| Market revenue in 2030 | USD 158.3 million |
| Growth rate | 3.3% (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, UK accounted for 7.7% 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 Europe, Germany radiation hardened electronics market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 107.1 million by 2030.
Power management was the largest segment with a revenue share of 29.79% in 2023. Horizon Databook has segmented the UK 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 U.K. has a well-established space industry and a significant nuclear power sector, both of which rely on radiation hardened electronics. Major UK companies such as BAE Systems contribute to overall European market growth through their involvement in space programs and defense projects.
BAE Systems' advancement in Gallium Nitride (GaN) based transistors offers the promise of more durable and dependable electronics, catering to the stringent requirements of space missions. As the U.K. Space Agency (UKSA) drives initiatives in space exploration, there's an increasing need for radiation-resistant components for satellites, instruments, and spacecraft manufactured domestically.
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Radiation Hardened Electronics Market Scope
Radiation Hardened Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK radiation hardened electronics market size, by component, 2017-2030 (US$M)
UK Radiation Hardened Electronics Market Outlook Share, 2023 & 2030 (US$M)
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