Radiation Hardened Electronics Market projected to reach $1450 Million by 2020 – New Report by MarketsandMarkets
(PRWEB) December 09, 2014 -- The new research report about "Radiation Hardened Electronics Market" defines the trends and opportunities in the global market on the basis of an in-depth analysis of its growth trends and revenue forecasts.
According to the report, the global radiation hardened electronics market exhibits a fairly average growth potential for the next five years. Despite the stagnancy in the military space market, growth of the rad-hard electronics market is being propelled by the rising commercial space application sector around the globe. According to the report, the market is further being driven by the growing demand from the segments like commercial satellite and aerospace & defense. It expects the market to grow at a CAGR of 3.01% from 2014 to 2020 to reach $1450 Million by 2020.
Explore more information about the “Radiation Hardened Electronics & Semiconductors Market" through exclusive data Tables, Figures and ToC spread across 193 Pages.
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The Radiation Hardened Electronics Market includes the sophisticated rad-hard electronics systems used for various commercial and military space applications. These components play an important role in sustaining harmful space radiations and preventing physical damage and failure. The report expects the global market to witness steady growth, owing to the increasing number of commercial satellites and other aerospace & defense applications. It provides revenue forecasts for this market along with other details like the key drivers, restraints and growth opportunities.
It splits the global Radiation Hardened Electronics market on the basis of its demand pattern across different geographic regions. According to this segmentation, the report expects North America to account for more than 50% of the overall market. The report expects the market to grow at a CAGR of 3.01% from 2014 to reach $1450 Million by 2020.
Get the copy of Report @ http://www.marketsandmarkets.com/Market-Reports/radiation-hardened-electronics-market-44047967.html
The major players in the Radiation Hardened Electronics and Semiconductors Market include Honeywell Aerospace (U.S.), BAE Systems (U.K.), Microsemi Corporation (U.S.), Xilinx Incorporation (U.S.), and Texas Instruments (U.S.).
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