At 4.8% CAGR, Europe Radiation Hardened Feedback Sensors Market is Projected to be Worth US$ 59.10 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Europe radiation hardened feedback sensors market was valued at US$ 40.77 million in 2023 and is expected to reach US$ 59.10 million by 2031, registering a CAGR of 4.8% from 2023 to 2031. Increasing research and development activities and miniaturization of radiation hardened feedback sensors are among the critical factors attributed to drive the Europe radiation hardened feedback sensors market growth.

The radiation hardened feedback sensors are designed to operate accurately and reliably in high-radiation environments. This type of environment requires continuous product innovation and advancement to meet the dynamic needs of different applications, such as aerospace & defense, nuclear power plants, space, and medical. Furthermore, R&D efforts focus on enhancing the radiation tolerance of feedback sensors to ensure that the sensor withstands a high radiation environment without hampering performance. Manufacturers across the globe are putting efforts to cater diverse needs of different applications by developing customized and application-specific radiation hardened feedback sensors. They work closely with customers to understand their unique needs and requirements for developing improved performance sensors.

Increasing focus on R&D activities has encouraged manufacturers to develop advanced sensing technologies and materials capable of providing appropriate feedback measurement in hazardous environments. For instance, in June 2023, Paragraf Limited comprehended the benefits and potential of graphene hall effect sensors in carrier mobility. The company provides graphene-based hall effect sensors for measuring magnetic fields. The development of graphene-based hall effect sensors improves the performance of conventional hall sensor applications and expands possible applications for EV battery systems. Thus, the constantly rising research and development activities drive the radiation hardened feedback sensors market.

On the contrary, high cost associated with production of radiation hardened feedback sensors hampers the growth of Europe radiation hardened feedback sensors market.

Based on sensor, the Europe radiation hardened feedback sensors market is segmented into resolver, encoder, hall effect sensor, potentiometer, and others. The resolver segment held 30.6% market share in 2023, amassing US$ 12.47 million. It is projected to garner US$ 18.94 million by 2031 to register 5.4% CAGR during 2023–2031.

By application, the Europe radiation hardened feedback sensors market is segmented into space, aerospace and defense, nuclear power plant, and others. The space segment held 45.4% share of Europe radiation hardened feedback sensors market in 2023, amassing US$ 18.53 million. It is anticipated to garner US$ 27.81 million by 2031 to expand at 5.2% CAGR during 2023–2031.

Based on country, the Europe radiation hardened feedback sensors market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 25.3% share of Europe radiation hardened feedback sensors market in 2023. It was assessed at US$ 10.31 million in 2023 and is likely to hit US$ 15.93 million by 2031, registering a CAGR of 5.6% during 2023–2031.

Key players operating in the Europe radiation hardened feedback sensors market are Power Device Corporation, MACCON GmbH & Co. KG, Honeywell International Inc, Magics Technologies NV, and Netzer Precision Position Sensors A.C.S. Ltd., among others.

• In March 2022, MACCON launches the Multi-turn absolute Encoder VLM-60 for harsh environments. VLM-60 has versatile features that make it suitable for a wide range of demanding tasks in the aerospace, defense, medical, automotive, and robotics industries.

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