The latest report on Radiation-Hardened Electronics Market by Infinium Global Research gives complete coverage of the Radiation-Hardened Electronics Market by in terms of key trends, market size, forecast and CAGR growth over the period of 2018 to 2024. In addition, the study covers deep dive into key product and applications trends in the regional markets of Radiation-Hardened Electronics such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Expenditure in Intelligence and Surveillance is One of the Primary Factor Driving the Growth of the Radiation Hardened Electronics Industry
Most of the semiconductor components are susceptible to radiation damage .Radiation hardening is the act of making electronic components and systems resistant to damage caused by ionizing radiation. Extensive testing and development is required in producing a microelectronic chip which is radiation tolerant, radiation hardened electronic chips lag behind in new developments. Radiation tolerant components are employed in satellite system power supply, switching regulators, and microprocessors in military and space applications.
Expenditure in intelligence and surveillance is one of the primary factor driving the growth of the radiation hardened electronics market. Additionally, increased use of satellites for application such as geographic imaging and missile targeting will lead to an increased adoption of radiation-hardened electronics. Another factor boosting the market for radiation –hardened electronics is increasing demand for transistors, diodes and MOSFETS in various space applications. Moreover, increasing in number of space missions is having positive impact on the growth of the market.
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Growing Research and Development Activities at Various Space Stations and Military Applications are Providing Several Growth Opportunities
However, manufacturing and design challenges and challenge to create actual test environment are expected to restrain the growth of the market. Also, high cost involved in developing and testing radiation-hardened electronics market restrain the market growth. Due to high military and government expenditure the U. S. will be the major contributor throughout the forecast period. On the other side, growing research and development activities at various space stations and military applications are providing several growth opportunities for the key players in the radiation-hardened electronics market. Moreover, space application is leading the radiation-hardened electronics market over the forecast period.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Radiation-Hardened Electronics.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.