Radiation Hardened Motor Controller and Motor Drive Market
According to a new comprehensive report from The Insight Partners, the global radiation hardened motor controller and motor drive market is observing significant growth owing to the increasing military expenditure in the procurement of new military aircraft, vehicles, combat machines, surveillance, and tracking devices.
The report runs an in-depth analysis of market trends, key players, and future opportunities. Geopolitical tension and airborne threats are encouraging governments to make investments to support the deployment of advanced aircraft and warfare equipment tolerant to radiation exposure.
Overview of Report Findings
- Market Growth: The radiation hardened motor controller and motor drive market was valued at US$ 84.95 million in 2023 and is projected to reach US$ 111.38 million by 2031; it is expected to register a CAGR of 3.4% during 2023–2031. Nuclear power plants are among the chief application areas of radiation-hardened motor controllers and motor drives, as the infrastructure is at a high risk of exposure to radiation. Thus, the growing number of nuclear power plants being operated and built to ensure energy security bolsters the radiation hardened motor controller and motor drive market across the world.
- Technological Innovations: As electronic devices become more compact and smaller, the demand for radiation-hardened components such as motor controllers and drives that can fit into these smaller devices is growing. Furthermore, integrated systems-on-chip (SoCs) and circuits are becoming more widespread, combining numerous functions into a single package. Radiation-hardened versions of these integrated motor controllers and motor drives are essential for space operations, aerospace, military, and defense activities, where volume and weight constraints can have a crucial impact on the overall mission.
- Surge in Military Expenditure: The continuously evolving modern warfare landscape compels governments of several nations to assign substantial funds and financial assistance toward respective defense and military forces. Sufficient budget allocations allow army and military forces to purchase improved technologies and equipment from domestic or international developers. Fund allocations also empower army and military vehicle upgrading efforts of different defense forces. Moreover, the prioritizing defense spending demonstrates governments’ focus on boosting national security forces. As a result, various countries are taking initiatives to deploy a vast number of military bases for ground, airborne, and naval operations.
- Geographical Insights: In 2023, North America led the market with a substantial revenue share, followed by Europe and Asia Pacific. Asia Pacific is expected to register the highest CAGR during the forecast period.
Market Segmentation
- Based on type, the market is segmented into the motor controller and motor drive. The motor drive segment held the largest share of the radiation hardened motor controller and motor drive market in 2023.
- Based on application, the market is bifurcated into space exploration, military and defense, nuclear power plants, and others. The space exploration segment held the largest radiation hardened motor controller and motor drive market share in 2023.
- The radiation hardened motor controller and motor drive market is segmented into five major regions: North America, Europe, APAC, Middle East and Africa, and South and Central America.
Competitive Strategy and Development
- Key Players: A few major companies operating in the radiation hardened motor controller and motor drive market include Microchip Technology Inc., MACCON GmbH & Co. KG, Renesas Electronics Corporation, STMicroelectronics, Texas Instruments Incorporated, Data Device Corporation, Power Device Corporation, Frontgrade Technologies, ESI Motion, Motiv Space Systems Inc., TTM Technologies Inc., and Micross Components, Inc.
- Trending Topics: Radiation Hardened Electronics
Global Headlines on Radiation Hardened Motor Controller and Motor Drive
- “Micross Components, Inc. (“Micross”), a leading global provider of mission-critical microelectronic components and services for high-reliability aerospace, defense, space, medical, and industrial applications, announced the expansion of its rad-hard microelectronics offering as the authorized global distributor for EPC Space’s line of packaged radiation-hardened GaN-on-silicon transistors and ICs, which are designed and qualified for satellite and other high-reliability applications.”
- “Microchip Technology Inc. announced the qualification of its SAMRH71 arm-based microprocessor (MPU) and the availability of the SAMRH707 microcontroller (MCU), both implementing ArmÒ CortexÒ-M7 SoC radiation-hardened technology.”
Conclusion
The burgeoning military expenditure also encourages investments in the construction of new military air bases, which comprise runways, taxiways, hangars, and other military airport infrastructures, along with the procurement of new combat machinery and tracking devices. The availability of funds allows military forces to procure high-end monitoring, surveillance, tracking, communication, and combating devices and equipment for better handling of warfare situations, which is anticipated to create the need for radiation-hardened motor controllers and motor drives. Therefore, the increasing investment in military and space sector drives the growth of the radiation hardened motor controller and motor drive market.
