
Europe Radiation Hardened Motor Controller and Motor Drive Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis.
No. of Pages: 148 | Report Code: BMIRE00031976 | Category: Electronics and Semiconductor
No. of Pages: 148 | Report Code: BMIRE00031976 | Category: Electronics and Semiconductor
The Europe radiation hardened motor controller and motor drive market size is expected to reach US$ 34.00 million by 2031 from US$ 25.32 million in 2023. The market is estimated to record a CAGR of 3.8% from 2023 to 2031.
The Europe radiation hardened motor controller and motor drive market is further segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The European Space Programme conducts space activities in the areas of earth observation, satellite navigation, connectivity, space research, and innovation. It promotes and strengthens innovation and competitiveness by investing in critical infrastructure and disruptive technologies. The EU Space Programme supports the European space industry and research by bringing together existing stakeholders, thereby contributing to the development of the union’s, New Space ecosystem. Under this program, there has been a rise in the launch of new satellites, which creates the demand for radiation hardened motor controllers and motor drives for the manufacturing and deployment of robot mechanisms. One of the largest telecommunications satellites ever built in Europe was launched in October 2021. The satellite included cutting-edge technology developed under ESA's Advanced Research in Telecommunications Systems program. This satellite connected underserved areas and accelerated digital inclusion, along with providing broadband connectivity for commercial shipping and aviation through its operator, SES. In May 2024, the European Defense Organization announced the funds of US$ 7 million to launch an autonomous bodyguard satellite in the geosynchronous earth orbit. Europe is home to a few of the major companies offering radiation-hardened motor controllers and motor drives, including STMicroelectronics NV. These market players engage in simplifying the design and volume production of a new generation of small, reliable, low-cost satellites to deliver services such as earth observation and broadband internet from low-earth orbits (LEOs). In March 2022, STMicroelectronics launched its new series of radiation-hardened power, analog, and logic ICs in low-cost plastic packages that enable important electronic circuitry functions of satellites. The first nine devices in this series, including a data converter and a line driver, are used throughout power generation and distribution systems, onboard computers, telemetry star trackers, and transceivers, among others.
Europe Radiation Hardened Motor Controller and Motor Drive Market Strategic Insights
Europe Radiation Hardened Motor Controller and Motor Drive Market Segmentation Analysis
Key segments that contributed to the derivation of the Europe radiation hardened motor controller and motor drive market analysis are type and application.
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 vehicles by 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. As per the Stockholm International Peace Research Institute (SIPRI), global military expenditure rose to US$ 2,332 billion in 2023, representing a 6% increase from 2022. The US, China, India, Russia, the UK, and Saudi Arabia were among the frontrunners in terms of military spending in 2023, and there was an evident increase in new military air base deployments in these countries. 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. The figure given below depicts the yearly spending of a few countries.
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US | 880,185.2 | 870,751.2 | 860,692.2 | 880,070.6 |
China | 257,973.4 | 293,351.9 | 291,958.4 | 309,484.3 |
Russia | 77,544.9 | 79,081.2 | 102,366.6 | 126,473.4 |
UK | 62,064.9 | 63,008.2 | 64,081.6 | 69,153.2 |
India | 77,085.5 | 76,596.9 | 79,976.8 | 83,334.5 |
Saudi Arabia | 68,182.2 | 64,758.1 | 70,920.0 | 73,983.9 |
Source: SIPRI
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. For instance, the Power Device Corporation has designed and developed the Radiation Tolerant 3-Phase BLDC Motor Torque Controller specifically for harsh warfare environments. Microchip Technology Inc. offers PMSM motor controllers incorporated with radiation-hardened MCUs, which are appropriate for harsh environments in aerospace, defense, and military applications. Microchip Technology also offers LX7720 radiation-hardened motor controllers in line with the trend of highly integrated solutions.
Based on country, the Europe radiation hardened motor controller and motor drive market Germany, France, Russia, the UK, Italy, and the Rest of Europe. Germany held the largest share in 2023.
The radiation hardened motor controller & motor drive market in Germany is driven by strategic initiatives by government authorities and the presence of a well-established space sector. In September 2023, the Government of Germany presented a Space Strategy to set its goals until 2030 for an ambitious space travel plan. Key players such as OHB SE and the Orbital Propulsion Centre are continuously developing technologically advanced satellites in the country. Hispasat Advanced Generation 1 GEO satellite, Astra 1L, and Astra 2D are among the Astra communications satellites launched in Germany for various purposes such as space exploration, earth observation, and space research. Investment in space-related research fuels the development of high-performance geostationary satellite systems. Moreover, there is an increased focus on research and development by the German Aerospace Center (DLR) and other similar organizations, along with an emphasis on collaborations with industry leaders. In March 2024, the German Space Agency at DLR (i.e., the German Aerospace Center) and NASA collaborated to conjointly develop, launch, and operate a pair of spacecraft that aims to produce insights on the Earth's ice, water, and land masses. Germany is also a leading participant in European and international space programs, such as the European Space Agency (ESA).
Europe Radiation Hardened Motor Controller and Motor Drive Market Report Highlights
Report Attribute
Details
Market size in 2023
US$ 25.32 Million
Market Size by 2031
US$ 34.00 Million
Global CAGR (2023 - 2031)
3.8%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Type
By Application
Regions and Countries Covered
Europe
Market leaders and key company profiles
Europe Radiation Hardened Motor Controller and Motor Drive Market 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 Europe Radiation Hardened Motor Controller and Motor Drive Market is valued at US$ 25.32 Million in 2023, it is projected to reach US$ 34.00 Million by 2031.
As per our report Europe Radiation Hardened Motor Controller and Motor Drive Market, the market size is valued at US$ 25.32 Million in 2023, projecting it to reach US$ 34.00 Million by 2031. This translates to a CAGR of approximately 3.8% during the forecast period.
The Europe 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 Europe Radiation Hardened Motor Controller and Motor Drive Market report:
The Europe 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 Europe Radiation Hardened Motor Controller and Motor Drive Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Radiation Hardened Motor Controller and Motor Drive Market value chain can benefit from the information contained in a comprehensive market report.