radiation hardened motor controller and motor drive Market

The Radiation Hardened Motor Controller and Motor Drive Market size was valued at US$ 84.95 million in 2023 and is expected to reach US$ 111.38 million by 2031. The radiation hardened motor controller and motor drive Market is estimated to record a CAGR of 3.4% from 2023 to 2031.

The Global Radiation Hardened Motor Controller and Motor Drive market is segmented into North America, Europe, Asia Pacific, South America (SAM), and the Middle East and Africa (MEA). 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 radiation hardened motor controller and motor drive market growth in North America.

Based on type, the market is categorized into motor controller and motor drive. The motor drive segment held the largest radiation hardened motor controller and motor drive market share in 2023. Motor drives are electronic devices that control position outputs, torque, and motor speed. Motor drives are utilized on various space satellites. Each project has different requirements, but major companies such as Maccon, Renesas Electronics Corporation, and Motiv Space Systems primarily depend on established materials, components, and architectures that have been proven advantageous in space applications such as satellites and internal space stations. Companies such as Texas Instruments Incorporated and STMicroelectronics offer motor drives for aerospace and defense, and industrial applications.

Microchip Technology Inc., MACCON GmbH & Co. KG, Renesas Electronics Corporation, STMicroelectronics, Texas Instruments Incorporated, Data Device Corporation, Power Device Corporation, Frontgrade Technologies, ESI Motion, Motiv Space Systems Inc., TTM Technologies Inc., and Micross Components, Inc. are among the prominent players profiled in the radiation hardened motor controller and motor drive market report. Several other major players were also studied and analyzed in the radiation hardened motor controller and motor drive market report to get a holistic view of the market and its ecosystem.

The overall radiation hardened motor controller and motor drive market share has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the radiation hardened motor controller and motor drive market. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the radiation hardened motor controller and motor drive market.