South America Radiation-Hardened Electronics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Component, Manufacturing Technique [(Radiation Hardening by Design and Radiation Hardening by Process], and Application

The South America radiation-hardened electronics market is expected to grow from US$ 31.32 million in 2021 to US$ 36.20 million by 2028; it is estimated to grow at a CAGR of 2.1% from 2021 to 2028.

Over the years, satellites have experienced high adoption across various industries such as communication, networking, television broadcast, and space-based surveillance. The satellites are prone to solar flares, which leads to system failures. This influences the adoption of radiation-hardened electronics across the end-use industries such as aerospace & defense, nuclear power plants, and space. Some major procurements of radiation-hardened electronics across the region occurred in the past few years. The rise in procurement of radiation-hardened electronics by various organizations is fueling the growth of the South America radiation-hardened electronics market across the region.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America radiation-hardened electronics market . The South America radiation-hardened electronics market is expected to grow at a good CAGR during the forecast period.

South America Radiation-Hardened Electronics Market Segmentation

The South America radiation-hardened electronics market is segmented based on component, manufacturing technique, application, and country. Based on component, the market is segmented into power management components, analog and digital mixed signal devices, memory, and controllers & processors. The power management component segment dominated the market in 2021 and is expected to be the fastest-growing segment during the forecast period. Based on manufacturing technique, the market is segmented into radiation hardening by design (RHBD) and radiation hardening by process (RHBP). The radiation hardening by design (RHBD) segment dominated the market in 2021. It is anticipated to be the fastest-growing segment during the forecast period. Based on application, the market is segmented into aerospace & defense, nuclear power plant, space, and others. The space segment dominated the market in 2021, and the others segment is expected to be the fastest-growing segment during the forecast period. Based on country, the South America radiation-hardened electronics market is segmented into Brazil and the Rest of South America.

BAE Systems; Data Device Corporation; Honeywell International Inc.; Infineon Technologies AG; Microchip Technology Inc.; Renesas Electronics Corporation; STMicroelectronics; Texas Instruments Incorporated; VORAGO Technologies; and Xilinx, Inc. (AMD) are among the leading companies in the South America radiation-hardened electronics market.