30 October 2020
Visiongain has published a new report on Radiation-Hardened Electronics Market Report : Forecasts by Component (Microprocessors and Controllers, Semiconductors, Power Sources, Field-Programmable Gate Array, Sensors, Application-Specific Integrated Circuit), by Sub System (Hardware, Software), by End Use (Defence, Nuclear Power Plants, Space) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Recovery Scenarios.
Global radiation-hardened electronics market is estimated to be valued at US$ xx billion in 2021 and is projected to grow at a CAGR of xx% to reach a market value of US$ xx billion by 2031. Radiation-Hardened Electronics market has been witnessing strong growth over the past few years owing to significant investments in space exploration programs across the globe. Radiation-Hardened Electronics are highly used for space application which is required to decommissioning nuclear power plants and also to carry out human activities in space accelerator. Harsh nuclear environments cause severe problems for human being when they are exposed for longer times. This has resulted in the development of specific robotic technologies and remote technologies to reduce the human exposure to nuclear environment. However, development of robots requires electronics devices made of materials which are capable of withstanding nuclear environment for longer durations, which is one of the key factors driving the Radiation-Hardened Electronics market over the past few years and trend is expected to continue over the forecast period. Companies have been investing significantly on R&D activities to develop various Radiation-Hardened electronics devices such as cameras, sensors, microprocessors, and various semiconductors in the recent past.
In Addition to nuclear power plants and space, defense is also one of the major end users for Radiation-Hardened electronics. Defense forces across the globe are carrying out various R&D activities to develop mobile and mini nuclear reactors to serve armed forces with continuous power supply at their military bases. Therefore, ongoing R&D programs to develop mini portable nuclear reactors are expected to spurt the growth of Radiation-Hardened electronics market over the forecast period.
COVID-19 Impact on Radiation-Hardened Electronics Market
Covid-19 has impact the global economies on the larger scale owing to majority of the countries announced lockdown to contain the spread of corona virus. Several businesses have been affected negatively affected by the pandemic resulting in economic instability across the globe. As a result, GDP of the top spending countries on Radiation-Hardened electronics such as US, Russia, Germany, and India are expected to shrink in coming years, which is expected to slow down the market growth in next two to three years.
Some of the company’s profiled in this report include BAE Systems, Cobham plc, Data Device Corporation, Analog Devices Inc, Honeywell International Inc, Infineon Technologies Inc., IBM Corporation, Micropac Industries Inc., Renesas Electronics Corporation and Microchip Technology Inc.
• In September 2019, Idaho National Laboratory, a US based company has developed a new instrument called Micro-Pocket Fission Detector (MPFD). MPFD is a sensor that is capable of measuring the amount of neurons coursing inside the nuclear reactor. This Fission Detector can be equipped with radiation-hardened pre-amplifier, which helps in electronic circuits to withstand high amount of nuclear radiation for longer period.
• In October 2019, Sandia National Labs has announced that the company is upgrading its radiation-hardened chips production line, which is used for nuclear weapons. US has also announced that they are investing US$ 170 million on SkyWater Technology Foundry to improve their production line of radiation-hardened-chip to cater to various Defense Department needs.
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