Radiation Hardened Electronics Market Size

Statistics for the 2023 & 2024 Radiation Hardened Electronics market size, created by Mordor Intelligence™ Industry Reports. Radiation Hardened Electronics size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Radiation Hardened Electronics Industry

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Radiation Hardened Electronics Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 1.81 Billion
Market Size (2029) USD 2.18 Billion
CAGR (2024 - 2029) 3.87 %
Fastest Growing Market Asia Pacific
Largest Market Americas

Major Players

Radiation Hardened Electronics Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Radiation-Hardened Electronics Market Analysis

The Radiation Hardened Electronics Market size is estimated at USD 1.81 billion in 2024, and is expected to reach USD 2.18 billion by 2029, growing at a CAGR of 3.87% during the forecast period (2024-2029).

  • Radiation-hardened electronics, designed to withstand extreme radiation exposures, are integral to Intelligence, Surveillance, and Reconnaissance (ISR) systems. The increased demand for security measures like monitoring, information collection, and border control is driving the need for these specialized electronics. In high radiation environments, proper power management is crucial for radiation-hardened materials, as any electronic damage can pose safety hazards. Thus, reliable radiation-hardened power management systems are essential in such facilities.
  • The space industry extensively employs radiation-hardened electronics, contributing significantly to the market's growth. For example, in 2022, the global space economy generated USD 384 billion in revenue, according to the Satellite Industry Association. Additionally, as of 2022, approximately 7,316 active satellites were orbiting the Earth, marking a 51% increase from the previous year and a 321% increase over the past five years.
  • Satellites in orbit face substantial exposure to highly energetic charged particles and electromagnetic radiation unique to the space environment. The radiation levels they encounter depend on their distance from Earth; satellites in low earth orbit, situated within the thermosphere, are more exposed to UV radiation, potentially impacting the molecular composition of electronic materials.
  • Inside nuclear power plants, electrical and electronic systems are subjected to high-energy radiation that can severely affect their functionality and overall safety. Ionizing radiation within these plants creates electron-hole pairs, altering transistor parameters and potentially causing their destruction. 
  • Additionally, this radiation can induce leakage currents between circuits. Therefore, installing radiation-hardened electrical/electronic systems with proper shielding is critical for system designers, a key factor driving market growth.
  • Despite increasing demand for radiation-hardened electronic components across various industries, the market faces challenges due to higher design and development costs. Specific design considerations are necessary to create electronics that can withstand harsh operating conditions, contributing to increased development costs. Furthermore, stringent testing is essential to ensure product reliability, further elevating the cost of radiation-hardened electronics.

Radiation-Hardened Electronics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)