Rugged Electronics Market - Global Industry Analysis, Growth, Trends, and Forecast 2017 - 2025
Albany, NY -- (SBWIRE) -- 09/21/2018 -- Rugged electronics are a specific class of electronics designed to work in harsh environments; they can withstand dust, drops, vibrations, and extreme temperatures. Growth in the usage of rugged electronic devices in the defense sector worldwide and their widened application areas are some of the reasons that are expected to drive the global rugged electronics market in the coming years.
The additional value they provide in the form of their durability and low downtime is expected to enhance the market's growth prospects. However, the market is anticipated to be hindered by the low order quantity from individual end users. Moreover, the high cost of rugged electronics in comparison to the benefits of client customization is also expected to be a major restraint to the growth of the global rugged electronics market.
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According to Transparency Market Research, the global rugged electronics market is expected to reach US$17.46 bn and is projected to expand at a CAGR of 8.1 % during the period from 2017 to 2025. The market was valued at US$9.4 bn in 2017.
The global rugged electronics market is segmented on the basis of product type and end user. On the basis of product type, the global rugged electronics market is segmented into industrial computing and handheld devices, tracking devices, hardware components, and others (security cameras, rugged drones, and rugged sensors).
The industrial computing and handheld devices segment is expected to contribute a major share in the global rugged electronics market owing to their increasing adoption in an array of industries such as defense, power, transportation, and adventure sports. This segment is also expected to surface as the fastest growing segment based on product type. Industrial computing and handheld devices is expected to be followed by hardware components segment in the global rugged electronics market.
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On the basis of end user, the global rugged electronics market is segmented into mining and metal, power, chemical, transportation, healthcare, defense, aerospace, adventure sports and others (agriculture construction, field services forestry, and public safety). Based on end user, the defense segment is expected to hold the major share in the global rugged electronics market owing the growth in adoption of the rugged electronics market by the defense sector, as these devices can handle mission-critical applications in rough battle conditions. The defense segment is also projected to be the fastest growing segment of the rugged electronics market based on end use. This segment is expected to grow at a CAGR of 9.1 % during the period from 2017 to 2025.