North America Radiation-Hardened Electronics Market Competitive Landscape, Strategies, Share, Trends, Segmentation, Growth Forecast by 2028
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According to Business Market Insights’ research, the North America Radiation-Hardened Electronics Market was valued at US$ 709.13 million in 2021 and is expected to reach US$ 931.19 million by 2028, registering an annual growth rate of 4.0% from 2021 to 2028. Escalating procurement of radiation-hardened electronics and surging investment in space programs are the critical factors attributed to the market expansion.
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The List of Companies -
BAE Systems
Data Device Corporation
Honeywell International Inc.
Infineon Technologies AG
Microchip Technology Inc.
Renesas Electronics Corporation
STMicroelectronics
Texas Instruments Incorporated
VORAGO Technologies
Xilinx, Inc. (AMD)
Growing Investments in Space Programs and Satellite Development
Investment in space programs has been on the rise across both developed and developing nations, driven by government initiatives and substantial funding for satellite development. Beyond space exploration, satellites are increasingly being launched to provide space-based internet services and navigation solutions. Major countries have significantly accelerated satellite production, with SpaceX manufacturing approximately 120 Starlink broadband satellites per month since August 2020. The company's ambitious goal is to establish an interconnected network of 12,000 Starlink satellites, delivering high-speed internet access worldwide. This surge in satellite development is a key factor driving demand for radiation-hardened electronics, which protect spacecraft from solar flares and extreme space conditions.
Market Growth and Expansion Opportunities
The increasing deployment of satellites is fueling the demand for radiation-hardened electronics across the region. Additionally, advancements in technology and product innovation provide vendors with opportunities to attract new customers and expand into emerging markets. As a result, the North America radiation-hardened electronics market is expected to experience strong CAGR growth during the forecast period.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
