North America Radiation-Hardened Electronics Market Size, Industry Research Report 2022-2028
The North
America Radiation-Hardened Electronics Market is expected to grow from
US$ 709.13 million in 2021 to US$ 931.19 million by 2028; it is estimated to
grow at a CAGR of 4.0% from 2021 to 2028
Growth in North America Radiation-Hardened Electronics
Market Driven by Space Sector Expansion
The North America radiation-hardened electronics market is
experiencing significant growth, fueled by increased investment in space
programs across both developed and developing nations. This surge is
primarily attributed to government initiatives and substantial investments in
satellite development for diverse applications, including space exploration,
internet services, and navigation. Companies like SpaceX, with its
ambitious Starlink project aiming for a 12,000-satellite network, are driving
this expansion.
The necessity of protecting satellites from harsh space
environments, such as solar flares, necessitates the use of radiation-hardened
electronics.
This demand directly contributes to the market's growth. The
introduction of new features and technologies by vendors is attracting new
customers and facilitating expansion into emerging markets, further propelling
the North America radiation-hardened electronics market's projected healthy
CAGR.
North America Radiation-Hardened Electronics Market
Segments Covered
North America Radiation-Hardened Electronics Market By
Component
North America Radiation-Hardened Electronics Market By
Manufacturing Technique
North America Radiation-Hardened Electronics Market By
Application
North America Radiation-Hardened Electronics Market
Regions and Countries Covered
North America
North America Radiation-Hardened Electronics Market
leaders and key company profiles
Strategic and Regional Insights:
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About Us:
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market
Insights
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