At 1.9% CAGR, South & Central America Radiation Hardened Motor Controller and Motor Drive Market is Projected to be worth US$ 4.06 million by 2031, says Business Market Insights 

According to Business Market Insights' research, the South & Central America radiation hardened motor controller and motor drive market was valued at US$ 3.49 million in 2023 and is expected to reach US$ 4.06 million by 2031, registering a CAGR of 1.9% from 2023 to 2031. Miniaturization of electronic components used in space, defense, medical, aerospace applications and rise in number of satellite launches are among the critical factors attributed to driving the South & Central America radiation hardened motor controller and motor drive market growth.

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.

On the contrary, lack of proper testing facilities hampers the growth of South & Central America radiation hardened motor controllers and motor drive markets.

By type, the South & Central America radiation hardened motor controller and motor drive market is bifurcated into motor controller and motor drive. The motor drive held 70.1% share of South & Central America radiation hardened motor controller and motor drive market share in 2023, amassing US$ 2.45 million. It is projected to garner US$ 2.91 million by 2031 to register 2.2% CAGR during 2023–2031.

By application, the South & Central 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 53.6% share of South & Central America radiation hardened motor controller and motor drive market share in 2023, amassing US$ 1.87 million. It is projected to garner US$ 2.22 million by 2031 to register 2.2% CAGR during 2023–2031.

Based on country, the South & Central America radiation hardened motor controller and motor drive market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 51.3% share of South & Central America radiation hardened motor controller and motor drive market in 2023. It was assessed at US$ 1.79 million in 2023 and is likely to hit US$ 2.16 million by 2031, registering a CAGR of 2.4% during 2023–2031.

Key players operating in the radiation hardened motor controller and motor drive market are 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.

• On March 20, 2023: Micross Components, Inc. ("Micross" or the "Company"), a leading provider of high-reliability microelectronic products and service solutions for aerospace, defense, space, medical, and industrial applications, celebrated the grand opening of its new 85,000 sq. ft. state-of-the-art flagship semiconductor and specialty electronics manufacturing facility in Apopka, FL.

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