Asia Pacific Radiation Hardened Motor Controller and Motor Drive Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis.
No. of Pages: 150 | Report Code: BMIRE00031977 | Category: Electronics and Semiconductor
No. of Pages: 150 | Report Code: BMIRE00031977 | Category: Electronics and Semiconductor
The Asia Pacific radiation hardened motor controller and motor drive market size is expected to reach US$ 28.86 million by 2031 from US$ 20.81 million in 2023. The market is estimated to record a CAGR of 4.2% from 2023 to 2031.
The Asia Pacific radiation hardened motor controller and motor drive market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The region experiences a need to improve satellite-based navigation, communication, and several remote sensing applications, which results in the demand for high-performance electronic components in 5G/6G communication systems, real-time imaging systems, and nuclear power generation instruments. Renesas Electronics Corp is one of the key players in the radiation hardened motor controller and motor drive market in Asia Pacific. Market players in this region are renowned for their initiatives to contribute to the progress of space technology. For example, Magics Technologies, a provider of radiation-hardened components, distributes its products in South Korea and Japan in partnership with NASAM.
China, India, Australia, and Japan are focused on the launch of satellites. Initiatives taken by governments to support organizations such as the Japan Aerospace Exploration Agency, the Indian Space Research Organization (ISRO), SmartSat Cooperative Research Centre, and the South Korean Ministry of Science benefit the Asia Pacific radiation hardened motor controller and motor drive market. Collaborations between government agencies and research organizations empower research and development as well as other activities favoring space-related projects undertaken by member states. The commitment of Asia Pacific countries to space exploration is evident through projects such as the Space Industry Responsive Intelligent Thermal (SpIRIT) satellite launch project, the Apstar 6-E satellite launch project, and the LOTUSat-1 project, which emphasize earth observation and environmental monitoring. Thus, the demand for radiation-hardened motor controllers and motor drives is on the rise in the manufacturing of systems for space research applications in Asia Pacific.
Key segments that contributed to the derivation of the Asia Pacific radiation hardened motor controller and motor drive market analysis are type and application.
Manufacturers of high-end electronic components for real-time imaging, 5G/6G communications, 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.
Based on country, the Asia Pacific radiation hardened motor controller and motor drive market China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. China held the largest share in 2023.
Beijing Spacecraft Manufacturing Co., Ltd; China Aerospace Science and Technology Corporation; and Kongtian Dongli are among the major space technology companies in China. In 2024, the country planned to launch the FY-4C geostationary satellite to improve its communication network. Further, in February 2024, the Chinese Aerospace Science and Technology Corp. (CASC) launched the TJS-11 satellite in the geostationary orbit from the Wenchang Satellite Launch Center, Hainan Island. The satellite aims to provide high-speed satellite communications. In December 2023, China launched the Yaogan-41 remote-sensing satellite into geostationary orbit. This satellite can receive data from other China-based surveillance satellites. Yaogan-41 enables the identification and tracking of car-sized objects across the Indo-Pacific region. Furthermore, it is an optical remote-sensing satellite intended for several purposes, including crop yield estimation, environmental monitoring and management, weather forecasting, and disaster prevention. Moreover, in February 2024, Beijing's municipal government announced an action plan to accelerate a commercial space ecosystem in the city over the next 5 years. The Beijing Action Plan 2024–2028, which focuses on fostering the development of the commercial space industry, contains 18 policy measures. Thus, rising satellite launches and surging government initiatives for the expansion of the space sector are anticipated to propel the growth of the radiation hardened motor controller and motor drive market in China during the forecast period
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 20.81 Million |
| Market Size by 2031 | US$ 28.86 Million |
| Global CAGR (2023 - 2031) | 4.2% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia Pacific
|
| Market leaders and key company profiles |
Some of the key players operating in the market include 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. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.
The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:
The Asia Pacific Radiation Hardened Motor Controller and Motor Drive Market is valued at US$ 20.81 Million in 2023, it is projected to reach US$ 28.86 Million by 2031.
As per our report Asia Pacific Radiation Hardened Motor Controller and Motor Drive Market, the market size is valued at US$ 20.81 Million in 2023, projecting it to reach US$ 28.86 Million by 2031. This translates to a CAGR of approximately 4.2% during the forecast period.
The Asia Pacific Radiation Hardened Motor Controller and Motor Drive Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Radiation Hardened Motor Controller and Motor Drive Market report:
The Asia Pacific Radiation Hardened Motor Controller and Motor Drive Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Radiation Hardened Motor Controller and Motor Drive Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Radiation Hardened Motor Controller and Motor Drive Market value chain can benefit from the information contained in a comprehensive market report.
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