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The Europe radiation-hardened electronics market is currently witnessing moderate growth. 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. Looking forward, the market is expected to continue its stable growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe radiation-hardened electronics market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, product type, material type, technique, component type and application.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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