
Middle East & Africa Radiation Hardened Motor Controller and Motor Drive Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis.
No. of Pages: 164 | Report Code: BMIRE00031978 | Category: Electronics and Semiconductor
No. of Pages: 164 | Report Code: BMIRE00031978 | Category: Electronics and Semiconductor
The Middle East & Africa radiation hardened motor controller and motor drive market size is expected to reach US$ 5.30 million by 2031 from US$ 4.35 million in 2023. The market is estimated to record a CAGR of 2.5% from 2023 to 2031.
The Middle East & Africa radiation hardened motor controller and motor drive market is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The region is well known for its vast oil and gas industry. The governments of various countries are actively focusing on raising investments to support their economic diversification efforts, forging new paths in a variety of industries, such as the space industry. By nurturing and expanding these industries, the region expects to reduce its reliance on oil revenues. In May 2024, the Public Investment Fund launched the Neo Space Group (NSG) to boost Saudi Arabia's satellite and space industries. NSG aims to enhance the space and satellite sector by developing local capabilities for strategically boosting the country's position in the growing global space economy. There has been a rise in the number of satellites launches in the region. In 2023, SpaceX launched the Badr-8 TV broadcast and telecoms satellite Arabsat, Saudi Arabia; the satellite is equipped with a jamming-resistant optical communications payload demonstrator. In 2023, King Abdullah University of Science and Technology (KAUST), with its collaborator Spire Global, launched a Cubesat satellite for the SpaceX Transporter-7 mission from Vandenberg Space Force Base in the US. In 2023, the UAE and the UN announced the launch of the PHI-Demo satellite into orbit to help companies and countries gain access to space. In 2022, the UAE launched a constellation of advanced imaging satellites with the funding of US$ 817 million. Such launches generate the demand for vast numbers of electronic components that are specifically designed for space operations, which benefits the radiation hardened motor controller and motor drive market in the Middle East.
Middle East & Africa Radiation Hardened Motor Controller and Motor Drive Market Strategic Insights
Middle East & Africa Radiation Hardened Motor Controller and Motor Drive Market Segmentation Analysis
Key segments that contributed to the derivation of the Middle East & Africa radiation hardened motor controller and motor drive market analysis are type and application.
As electronic devices become more compact and smaller, the demand for radiation-hardened components such as motor controllers and drives that can fit into these smaller devices is growing. Furthermore, integrated systems-on-chip (SoCs) and circuits are becoming more widespread, combining numerous functions into a single package. Radiation-hardened versions of these integrated motor controllers and motor drives are essential for space operations, aerospace, military, and defense activities, where volume and weight constraints can have a crucial impact on the overall mission. Furthermore, advancements in miniaturization enable the development of lightweight spacecraft, satellite systems, and space tugs, generating the demand for compact motor controllers and motor drives tolerant to radiation for consistent operation in the harsh space environment. Thus, the miniaturization of electronic components is expected to emerge as a crucial radiation hardened motor controller and motor drives market trend development during the forecast period.
Based on country, the Middle East & Africa radiation hardened motor controller and motor drive market Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Saudi Arabia held the largest share in 2023.
In 2023, SpaceX launched the Badr-8 TV broadcast and telecoms satellite Arabsat in Saudi Arabia; the satellite is equipped with a jamming-resistant optical communications payload demonstrator. In 2023, King Abdullah University of Science and Technology (KAUST), with its collaborator Spire Global, launched a CubeSat satellite for the SpaceX Transporter-7 mission from Vandenberg Space Force Base in the US. Such strategic initiatives toward space research in collaboration with global space agencies are anticipated to offer various opportunities for the radiation hardened motor controller and motor drive market growth during the forecast period.
Middle East & Africa Radiation Hardened Motor Controller and Motor Drive Market Report Highlights
Report Attribute
Details
Market size in 2023
US$ 4.35 Million
Market Size by 2031
US$ 5.30 Million
Global CAGR (2023 - 2031)
2.5%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Type
By Application
Regions and Countries Covered
Middle East and Africa
Market leaders and key company profiles
Middle East & Africa 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 Middle East & Africa Radiation Hardened Motor Controller and Motor Drive Market is valued at US$ 4.35 Million in 2023, it is projected to reach US$ 5.30 Million by 2031.
As per our report Middle East & Africa Radiation Hardened Motor Controller and Motor Drive Market, the market size is valued at US$ 4.35 Million in 2023, projecting it to reach US$ 5.30 Million by 2031. This translates to a CAGR of approximately 2.5% during the forecast period.
The Middle East & Africa 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 Middle East & Africa Radiation Hardened Motor Controller and Motor Drive Market report:
The Middle East & Africa 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 Middle East & Africa Radiation Hardened Motor Controller and Motor Drive Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Radiation Hardened Motor Controller and Motor Drive Market value chain can benefit from the information contained in a comprehensive market report.