Albany, NY -- (SBWIRE) -- 08/16/2017 -- Military-based rugged equipment follows specific military standards (MIL-STD), while industrial rugged equipment follows ingress protection (IP) grades. IP Code is the international standard used to classify protection against solid objects and water. The IP rating consists of two numbers. The higher the numbers, the more durable the product. The demand for rugged equipment is increasing slightly due to uncertainties in many countries around the world, though the overall budget allocation for the global defense and military is witnessing a decline. The regional tensions in the Middle East and Eastern Europe have also prompted governments to increase their spending on rugged equipment.
The global rugged equipment market to grow at a CAGR of 3.38% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global rugged equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of rugged equipment.
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The market is divided into the following segments based on geography:
Technavio's report, Global Rugged Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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- Abaco Systems
- Curtiss-Wright Defense Solutions
- Ecrin Systems
- Extreme Engineering Solutions
- MilDef Group
- Trenton Systems
- BAE Systems
- DRS Technologies
- Harris Corporation
- Reutech Communications
- Rockwell Collins
- ST Electronics
- Sparton Rugged Electronics
- Increasing demand for portable communication systems
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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