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The space sector is undergoing continuous developments with the mounting emphasis on deploying satellite constellations, increasing investments in the space sector, and the soaring adoption of rideshare services, which benefits the radiation hardened motor controllers and motor drives market across the world. Satellite manufacturing companies are focusing on procuring advanced satellite components to remain competitive in the markets they serve.
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MARKET SIZE The radiation hardened motor controller and motor drive market size is expected to reach US$ 111.38 million by 2031 from US$ 84.95 million in 2023. The market is estimated to record a CAGR of 3.4% from 2023 to 2031.
MARKET SEGMENTATION • By Type • By Motor Drive • By Application
COMPANIES 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.
THANK YOU Successful Entry Implementation Roadmap Our analysis indicates a strong likelihood of success in the new market. The market offers growth potential, and the company’s competitive advantages will allow it to thrive. The detailed implementation roadmap will guide the company through the key milestones of market entry.