North America Radiation Hardened Motor Controller and Motor Drive Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis.

The North America radiation hardened motor controller and motor drive market size is expected to reach US$ 39.17 million by 2031 from US$ 30.98 million in 2023. The market is estimated to record a CAGR of 3.0% from 2023 to 2031.

Executive Summary and North America Radiation Hardened Motor Controller and Motor Drive Market Analysis:

The US, Canada, and Mexico are among the main contributors to the North American radiation hardened motor controller and motor drive market. Space budgets are increasing in these countries with the burgeoning demands for satellite services from military forces and the growing emphasis on modernizing the military space architecture. The US Space Force's budget for fiscal year 2024 was US$ 29 billion, which signifies a notable increase from US$ 26.3 billion allocated in fiscal 2023. This budget fosters the rise in space exploration activities. With the growing frequency of missions to outer space, the need for motor drives and controllers that can withstand extreme radiation levels is growing in North American countries. Companies such as Microchip Technology Inc, Power Device Corporation, and Frontgrade Technologies contribute significantly to the market growth in the region.

North America Radiation Hardened Motor Controller and Motor Drive Market Strategic Insights

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North America Radiation Hardened Motor Controller and Motor Drive Market Segmentation Analysis

Key segments that contributed to the derivation of the North America radiation hardened motor controller and motor drive market analysis are type and application.

• By type, the North America radiation hardened motor controller and motor drive market is bifurcated into motor controller and motor drive. The motor drive held a larger share of the market in 2023.  
• By application, the North America 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 the largest share of the market in 2023.

North America Radiation Hardened Motor Controller and Motor Drive Market Outlook

Heightened investments and funding in satellite launch programs reflect a mounting emphasis on satellite deployment, space exploration, and space-based services. The public sector generates a significant demand for heavy- and super-heavy-lift space launch services, while the private sector heads the demand for small- and medium-lift satellites. The demand for small- and medium-lift satellites is increasing at a faster pace among these two categories owing to the mounting need for low Earth orbit constellations or small satellites for telecommunications. Orbital mining, manufacturing, and tourism are among the other factors driving private investments in space launch technologies. The Falcon 9 medium-lift rocket of SpaceX is NASA's launch vehicle for orbital missions, and the company has also been assigned to design the space vehicle for the organization's Artemis 3 mission to the moon. Similarly, NASA is anticipated to extend its collaborations with the private sector to procure commercial space services and support innovations for commercial purposes. The rising investments in satellite launch programs for applications such as communications, earth observation, and navigation indicate a broader commitment to space technology. According to the United Nations Office for Outer Space Affairs (UNOOSA), 2,474 satellites were launched across the world in 2022, compared to 1,810 launches recorded in 2021. In 2023, HyPrSpace, Leonardo, Thales, and CT Engineering received funding for a project worth US$ 38 million to demonstrate a new type of rocket engine to be launched into space. Owing to such investments, radiation hardened motor controllers and motor drive manufacturers focus on developing radiation-tolerant motor controllers and drives for advanced satellite systems. Therefore, the increasing number of satellite launches drives the growth of the radiation hardened motor controller and motor drive market.

North America Radiation Hardened Motor Controller and Motor Drive Market Country Insights

Based on country, the North America radiation hardened motor controller and motor drive market comprises the US, Canada, and Mexico. The US held the largest share in 2023.

The space sector in the US has witnessed significant investments to promote the launch of satellites. For instance, in January 2024, the US government launched a satellite constellation award worth US$ 10 billion. The scope of this award includes the launch of more than 400 satellites in space, including the geostationary orbit (GEO) and lower earth orbit (LEO). This contract was awarded to a few major manufacturers, such as Lockheed Martin, Northrop Grumman, and L3Harris. The US led the market in terms of satellite launches in 2023. SpaceX independently launched 98 of the 109 satellite launch attempts made by the US in 2023, and 1,937 of the 2,234 US-built satellites were successfully orbited. The Geostationary Operational Environmental Satellite U (GOES-U) is developed by NASA and the National Oceanic and Atmospheric Administration (NOAA) in continuation of the GOES-R Series for weather observation and environmental monitoring. The satellite was launched in Florida, US, In January 2024. The GOES-R Series satellite enables forecasters to observe, predict, and track local weather events such as thunderstorms, wildfires, hurricanes, and solar storms for public safety. Thus, the emphasis on satellite launches and an upsurge in government budget allocations for the space sector bolster the radiation hardened motor controller and motor drive market in the US.

North America Radiation Hardened Motor Controller and Motor Drive Market Report Highlights

North America 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.

North America Radiation Hardened Motor Controller and Motor Drive Market Research Methodology :

The following methodology has been followed for the collection and analysis of data presented in this report:

• Secondary Research

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:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations.
• Industry trade journals and other relevant publications.
• Government documents, statistical databases, and market reports.
• News articles, press releases, and webcasts specific to companies operating in the market.

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.

• Primary Research

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:

• Validate and refine findings from secondary research.
• Enhance the expertise and market understanding of the analysis team.
• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers
• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise

North America Radiation Hardened Motor Controller and Motor Drive Market Country and Regional Insights