Product Code: BMIRE00031976
The Europe radiation-hardened motor controller and motor drive market is projected to grow from US$ 25.32 million in 2023 to US$ 34.00 million by 2031, reflecting a compound annual growth rate (CAGR) of 3.8% during this period.
Executive Summary and Market Analysis
This market is segmented into key regions including Germany, France, the UK, Italy, Russia, and the Rest of Europe. The European Space Programme plays a crucial role in advancing space activities such as earth observation, satellite navigation, and space research. By investing in critical infrastructure and innovative technologies, the program enhances competitiveness and fosters the development of the New Space ecosystem. The increasing number of satellite launches under this initiative drives demand for radiation-hardened motor controllers and drives, essential for robotic mechanisms in satellite manufacturing and deployment. Notably, in October 2021, Europe launched one of its largest telecommunications satellites, which utilized advanced technology from the European Space Agency (ESA) to improve connectivity in underserved regions and support broadband services for commercial aviation and shipping.
In May 2024, the European Defense Organization announced a US$ 7 million investment for an autonomous bodyguard satellite to be placed in geosynchronous orbit. Major companies in Europe, such as STMicroelectronics NV, are focused on simplifying the design and production of small, reliable, and cost-effective satellites that provide services like earth observation and broadband internet from low-earth orbits (LEOs). In March 2022, STMicroelectronics introduced a new series of radiation-hardened integrated circuits (ICs) in low-cost plastic packages, which are vital for satellite electronic circuitry, including power generation and distribution systems.
Market Segmentation
The market is categorized by type and application. By type, it is divided into motor controllers and motor drives, with motor drives holding a larger market share in 2023. In terms of application, the market is segmented into space exploration, military and defense, nuclear power plants, and others, with space exploration dominating the market share in 2023.
Market Outlook
The evolving landscape of modern warfare has led governments to allocate significant funds to enhance their military capabilities. Increased defense spending allows military forces to acquire advanced technologies and equipment, thereby boosting national security. According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure reached US$ 2,332 billion in 2023, marking a 6% increase from the previous year. Countries like the US, China, India, Russia, the UK, and Saudi Arabia are leading in military spending, which has resulted in the establishment of new military bases and the procurement of advanced monitoring and communication devices. This trend is expected to drive the demand for radiation-hardened motor controllers and drives.
Country Insights
Germany leads the European market for radiation-hardened motor controllers and drives, driven by government initiatives and a robust space sector. In September 2023, Germany unveiled a Space Strategy aimed at ambitious goals for space travel by 2030. Companies like OHB SE and the Orbital Propulsion Centre are at the forefront of developing advanced satellites. Germany's involvement in international space programs, such as ESA, and collaborations with organizations like NASA further enhance its position in the market.
Company Profiles
Key players in the Europe radiation-hardened motor controller and motor drive 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. These companies are pursuing strategies such as expansion, product innovation, and mergers and acquisitions to enhance their market presence and offer innovative solutions.
Table Of Contents
1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
4. Europe Radiation Hardened Motor Controller and Motor Drive Market Landscape
- 4.1 Overview
- 4.2 PEST Analysis
- 4.3 Ecosystem Analysis
5. Europe Radiation Hardened Motor Controller and Motor Drive Market - Key Market Dynamics
- 5.1 Europe Radiation Hardened Motor Controller and Motor Drive Market - Key Market Dynamics
- 5.2 Market Drivers
- 5.2.1 Rise in Number of Satellite Launches
- 5.2.2 Surge in Military Expenditure
- 5.2.3 Increase in Establishment of Nuclear Power Plants
- 5.3 Market Restraints
- 5.3.1 Lack of Proper Testing Facilities
- 5.4 Market Opportunities
- 5.4.1 Fabrication of Commercial-Off-The-Shelf Solutions:
- 5.5 Future Trends
- 5.5.1 Miniaturization of Electronic Components Used in Space, Defense, Medical, and Aerospace Applications
- 5.6 Impact of Drivers and Restraints:
6. Europe Radiation Hardened Motor Controller and Motor Drive Market - Analysis
- 6.1 Europe Radiation Hardened Motor Controller and Motor Drive Market Revenue (US$ Million), 2021-2031
- 6.2 Europe Radiation Hardened Motor Controller and Motor Drive Market Forecast Analysis
7. Europe Radiation Hardened Motor Controller and Motor Drive Market Analysis - by Type
- 7.1 Motor Controller
- 7.1.1 Overview
- 7.1.2 Motor Controller: Europe Radiation Hardened Motor Controller and Motor Drive Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.2 Motor Drive
- 7.2.1 Overview
- 7.2.2 Motor Drive: Europe Radiation Hardened Motor Controller and Motor Drive Market - Revenue and Forecast, 2021-2031 (US$ Million)
8. Europe Radiation Hardened Motor Controller and Motor Drive Market Analysis - by Application
- 8.1 Space Exploration
- 8.1.1 Overview
- 8.1.2 Space Exploration: Europe Radiation Hardened Motor Controller and Motor Drive Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.2 Military and Defense
- 8.2.1 Overview
- 8.2.2 Military and Defense: Europe Radiation Hardened Motor Controller and Motor Drive Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.3 Nuclear Power Plants
- 8.3.1 Overview
- 8.3.2 Nuclear Power Plants: Europe Radiation Hardened Motor Controller and Motor Drive Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.4 Others
- 8.4.1 Overview
- 8.4.2 Others: Europe Radiation Hardened Motor Controller and Motor Drive Market - Revenue and Forecast, 2021-2031 (US$ Million)
9. Europe Radiation Hardened Motor Controller and Motor Drive Market - Country Analysis
- 9.1 Europe
- 9.1.1 Europe Radiation Hardened Motor Controller and Motor Drive Market - Revenue and Forecast Analysis - by Country
- 9.1.1.1 Europe Radiation Hardened Motor Controller and Motor Drive Market - Revenue and Forecast Analysis - by Country
- 9.1.1.2 Germany: Europe Radiation Hardened Motor Controller and Motor Drive Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.1.1.2.1 Germany: Europe Radiation Hardened Motor Controller and Motor Drive Market Share - by Type
- 9.1.1.2.2 Germany: Europe Radiation Hardened Motor Controller and Motor Drive Market Share - by Motor Drive
- 9.1.1.2.3 Germany: Europe Radiation Hardened Motor Controller and Motor Drive Market Share - by Application
- 9.1.1.3 France: Europe Radiation Hardened Motor Controller and Motor Drive Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.1.1.3.1 France: Europe Radiation Hardened Motor Controller and Motor Drive Market Share - by Type
- 9.1.1.3.2 France: Europe Radiation Hardened Motor Controller and Motor Drive Market Share - by Motor Drive
- 9.1.1.3.3 France: Europe Radiation Hardened Motor Controller and Motor Drive Market Share - by Application
- 9.1.1.4 Russia: Europe Radiation Hardened Motor Controller and Motor Drive Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.1.1.4.1 Russia: Europe Radiation Hardened Motor Controller and Motor Drive Market Share - by Type
- 9.1.1.4.2 Russia: Europe Radiation Hardened Motor Controller and Motor Drive Market Share - by Motor Drive
- 9.1.1.4.3 Russia: Europe Radiation Hardened Motor Controller and Motor Drive Market Share - by Application
- 9.1.1.5 United Kingdom: Europe Radiation Hardened Motor Controller and Motor Drive Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.1.1.5.1 United Kingdom: Europe Radiation Hardened Motor Controller and Motor Drive Market Share - by Type
- 9.1.1.5.2 United Kingdom: Europe Radiation Hardened Motor Controller and Motor Drive Market Share - by Motor Drive
- 9.1.1.5.3 United Kingdom: Europe Radiation Hardened Motor Controller and Motor Drive Market Share - by Application
- 9.1.1.6 Italy: Europe Radiation Hardened Motor Controller and Motor Drive Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.1.1.6.1 Italy: Europe Radiation Hardened Motor Controller and Motor Drive Market Share - by Type
- 9.1.1.6.2 Italy: Europe Radiation Hardened Motor Controller and Motor Drive Market Share - by Motor Drive
- 9.1.1.6.3 Italy: Europe Radiation Hardened Motor Controller and Motor Drive Market Share - by Application
- 9.1.1.7 Rest of Europe: Europe Radiation Hardened Motor Controller and Motor Drive Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.1.1.7.1 Rest of Europe: Europe Radiation Hardened Motor Controller and Motor Drive Market Share - by Type
- 9.1.1.7.2 Rest of Europe: Europe Radiation Hardened Motor Controller and Motor Drive Market Share - by Motor Drive
- 9.1.1.7.3 Rest of Europe: Europe Radiation Hardened Motor Controller and Motor Drive Market Share - by Application
10. Competitive Landscape
- 10.1 Heat Map Analysis by Key Players
- 10.2 Company Positioning & Concentration
11. Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.3 Product Development
12. Company Profiles
- 12.1 Microchip Technology Inc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Renesas Electronics Corp
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 MACCON GmbH & Co. KG
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Power Device Corporation
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Frontgrade Technologies
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Motiv Space Systems, Inc.
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Infineon Technologies AG
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 STMicroelectronics NV
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 Texas Instruments Inc
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 12.10 Data Device Corporation
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
- 12.11 TTM Technologies Inc.
- 12.11.1 Key Facts
- 12.11.2 Business Description
- 12.11.3 Products and Services
- 12.11.4 Financial Overview
- 12.11.5 SWOT Analysis
- 12.11.6 Key Developments
- 12.12 Micross Components, Inc.
- 12.12.1 Key Facts
- 12.12.2 Business Description
- 12.12.3 Products and Services
- 12.12.4 Financial Overview
- 12.12.5 SWOT Analysis
- 12.12.6 Key Developments
- 12.13 ESI Motion
- 12.13.1 Key Facts
- 12.13.2 Business Description
- 12.13.3 Products and Services
- 12.13.4 Financial Overview
- 12.13.5 SWOT Analysis
- 12.13.6 Key Developments
13. Appendix
- 13.1 About The Insight Partners
- 13.2 About The Insight Partners