Hi-Rel DC-DC Converter Market Poised for 5.4% CAGR Growth to $2.49 Billion by 2033, Driven by Aerospace and Defense Demand
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The global Hi-Rel DC-DC converter market is projected to reach a valuation of $2.49 billion by 2033, growing at a CAGR of 5.4% between 2024-2033. North America currently leads the market.
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Space technology accounts for over 71% of the market revenue share currently. The avionics industry is the leading consumer, controlling over 35% market share.
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Key drivers of market growth include rising demand from aerospace and defense sectors, increasing focus on energy-efficient power solutions, and proliferation of portable electronics.
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Recent developments include radiation-hardened DC-DC converters, innovative packaging and screening methods, advancements in efficiency and performance.
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Key players in the market include Abbott Technologies, Advanced Energy, Crane Aerospace & Electronics, Infineon Technologies, Synqor, VPT, and others.