Radiation-Hardened Electronics Market Share

North American Market Forecast

The North America radiation hardened electronics market is projected to grow with a share of 33% during the forecast period. The growth of the market can be attributed majorly to the growing environmental concerns. For instance, monitoring and reducing radiation levels in a variety of applications are becoming more and more important, as environmental concerns are increasing in the region. This might result in a rise in demand for electronics that are radiation hardened and capable of operating effectively in such hostile conditions.

European Market Forecast

The Europe radiation hardened electronics market is projected to hold the largest market share of 25% by the end of 2037. The growth of the market can be attributed majorly to the increasing production of high-level electronics in the region. High-level electronics are being used in various applications in the region, which increases the demand for radiation hardened electronics, especially in severe situations where electronics are exposed to radiation. Further, in general, the rising need for high-level electronics in Europe is anticipated to spur further innovation and financial investment in radiation hardened electronics technology, in order to fulfill the rising need for dependable and durable electronic systems in a range of applications, which is also anticipated to contribute to the market growth in the region. In terms of electricity consumption, Europe is the third largest in the world after Asia and North America. Europeans were said to have used around 3.3 terawatt hours of electricity in 2022.