The Europe radiation-hardened electronics market size reached US$ 503.6 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 714.3 Million by 2032, exhibiting a growth rate (CAGR) of 3.84% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 503.6 Million |
Market Forecast in 2032
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US$ 714.3 Million |
Market Growth Rate 2024-2032 | 3.84% |
Radiation-hardened electronics refer to electronic components and products and packages, which are utilized for high-altitude applications. These electronics are resistant to the effects of ionizing and high-energy radiation and gamma and neutron radiation emitted by nuclear reactors. Consequently, they are employed in the form of switching regulators, microprocessors and power supply devices in satellites, nuclear power plants and aircraft.
The European Union (EU) is currently focusing on exploring numerous space exploration projects, which represents one of the significant factors strengthening the growth of the radiation-hardened electronics market. Additionally, the rising number of commercial satellites across different countries, including Russia, are driving the market growth in Europe. Moreover, the rapid adoption of technologically innovative products for several space-related devices is positively influencing the growth of the market. Furthermore, the key market players are improving the radiation tolerance of optical fibers and fiber-based devices to expand the lifetime of radiation-hardened electronics in severe environmental conditions. However, the coronavirus disease (COVID-19) outbreak, lockdown restrictions imposed by governing agencies in Europe and disruptions in the supply chain and manufacturing operations have negatively affected the overall market growth. The market is anticipated to witness growth once lockdown restrictions are uplifted.
IMARC Group provides an analysis of the key trends in each segment of the Europe radiation-hardened electronics market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on product type, material type, technique, component type and application.
Breakup by Product Type:
Breakup by Material Type:
Breakup by Technique:
Breakup by Component Type:
Breakup by Application:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Million |
Segment Coverage | Product Type, Material Type, Technique, Component Type, Application, Country |
Countries Covered | Germany, France, United Kingdom, Italy, Spain, Others |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |