At 3.8% CAGR, Europe Radiation Hardened Motor Controller and Motor Drive Market is Projected to be Worth US$ 34.00 Million by 2031, says Business Market Insights 

According to Business Market Insights research, the Europe radiation hardened motor controller and motor drive market was valued at US$ 25.32 million in 2023 and is expected to reach US$ 34.00 million by 2031, registering a CAGR of 3.8% from 2023 to 2031. Fabrication of commercial-off-the-shelf solutions and miniaturization of electronic components used in space, defense, medical, and aerospace application are among the critical factors attributed to driving the Europe radiation hardened motor controller and motor drive market growth.

Manufacturers of high-end electronic components for real-time imaging, 5G/6Gcommunications, and nuclear instrumentation for the space, nuclear, and defense sectors face challenges due to the limited accessibility of radiation-hardened components. The development and fabrication of commercial-off-the-shelf (COTS) solutions are perceived as an alluring option for lowering the excess costs incurred by this challenge in space operations. COTS solutions are mature and widely deployed products that are established on a solid architecture and diverse peripherals such as Ethernet and CAN. Moreover, the radiation-hardened-by-design approach can ensure sustained performance, availability, and financial benefits. COTS solutions are also associated with reduced development time and production expenses, curtailing entry barriers for new enterprises that are pursuing engagement in the defense, space, and nuclear sectors. Radiation-hardened COTS solutions are particularly fascinating because of their capability to aid in fast implementation in response to shifting demands and technical advancements. Thus, the fabrication of COTS is expected to generate significant opportunities for the growth of the radiation hardened motor controller and motor drive market.

On the contrary, lack of proper testing facilities hampers the growth of Europe radiation hardened motor controllers and motor drive markets.

By type, the Europe radiation hardened motor controller and motor drive market is segmented into motor controller and motor drive. The motor drive held 62.8% share of Europe radiation hardened motor controller and motor drive market share in 2023, amassing US$ 15.89 million. It is projected to garner US$ 22.19 million by 2031 to register 4.3% CAGR during 2023–2031.

By application, the Europe radiation hardened motor controller and motor drive market is segmented into space exploration, military and defense, nuclear power plants, and others. The space exploration held 49.4% share of Europe radiation hardened motor controller and motor drive market share in 2023, amassing US$ 12.50 million. It is projected to garner US$ 17.41 million by 2031 to register 4.2% CAGR during 2023–2031.

Based on country, the Europe radiation hardened motor controller and motor drive market is categorized into Germany, France, Russia, the UK, Italy, and the Rest of Europe. Our regional analysis states that Germany captured 25.3% share of Europe radiation hardened motor controller and motor drive market in 2023. It was assessed at US$ 6.40 million in 2023 and is likely to hit US$ 9.17 million by 2031, registering a CAGR of 4.6% during 2023–2031.

Key players operating in the radiation hardened motor controller and motor drive market are Data Device Corporation; ESI Motion; Frontgrade Technologies; Infineon Technologies AG; MACCON GmbH & Co. KG; Microchip Technology Inc; Micross Components, Inc.; Motiv Space Systems, Inc.; Power Device Corporation; Renesas Electronics Corp; STMicroelectronics NV; Texas Instruments Inc; and TTM Technologies Inc, among others.

• On March 20, 2023: Micross Components, Inc. ("Micross" or the "Company"), a leading provider of high-reliability microelectronic products and service solutions for aerospace, defense, space, medical, and industrial applications, celebrated the grand opening of its new 85,000 sq. ft. state-of-the-art flagship semiconductor and specialty electronics manufacturing facility in Apopka, FL.

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