The rugged electronics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Rugged Electronics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The rugged electronics market size has grown strongly in recent years. It will grow from $12.74 billion in 2023 to $13.82 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to the growth in the adoption of rugged devices in industrial automation, increased use of rugged devices in aircraft systems, adoption of rugged devices by police, adoption of ruggedized medical devices for patient monitoring, and raised demand for rugged electronics among outdoor enthusiasts.
The rugged electronics market size is expected to see strong growth in the next few years. It will grow to $19.28 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to the increasing adoption of rugged IoT devices, growing use of rugged electronics in renewable energy installations, expansion of the rugged electronics market in security applications, increasing demand for rugged devices that support remote work, and integration of rugged electronics in precision agriculture. Major trends in the forecast period include growing military modernization programs globally, expansion in industrial automation, proliferation of IoT devices, urban infrastructure development, and increasing adoption of telemedicine.
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Scope Of Rugged Electronics Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Rugged Electronics Market Overview
Market Drivers –
The expansion of IoT technologies is expected to propel the growth of the rugged electronics market going forward. IoT technologies encompass interconnected devices that communicate and share data to enable automation, monitoring, and optimization across various domains. Expansion in IoT technologies is driven by the demand for increased efficiency, productivity, and connectivity across various industries and everyday life. IoT technologies utilize rugged electronics to withstand harsh environments and ensure reliable operation in challenging conditions, enhancing their applicability across industries such as manufacturing, agriculture, and transportation. For instance, in September 2022, according to a report published by Ericsson, a Sweden-based telecommunications company, global IoT connections reached 13.2 billion connections in 2022 and are expected to increase by 18% to 34.7 billion connections by 2028. Therefore, the expansion of IoT technologies is driving the growth of the rugged electronics market.
Market Trends –
Major companies operating in the rugged electronics market are focused on developing innovative solutions, such as automotive sensors, to enhance durability and reliability for diverse vehicular applications. Automotive sensors are specialized devices that detect and measure various parameters such as temperature, pressure, vibration, and motion within vehicles, ensuring efficient and reliable operation in challenging environments. For instance, in April 2024, TREEL Mobility Solutions, an India-based provider of advanced automotive products, launched the rugged Tire Pressure Monitoring Solution (TPMS), characterized by its exceptional durability and capability of enduring fluctuating pressure, excessive vibration, and varying temperatures. It is suitable for application in diverse vehicles, including two- and four-wheel vehicles, buses, and both light and heavy commercial vehicles, as well as off-road settings. There are three options for the solution, one of which involves using separate sensors placed on each tire, including the spare, to monitor both pressure and temperature. These sensors utilize Nordic Semiconductor’s nRF52810 SoC, which features an Arm Cortex-M4 processor to oversee the operation.
The rugged electronics market covered in this report is segmented –
1) By Type: Rugged Hard Ware Devices, Industrial Computing And Hand Held Devices, Tracking Devices, Other Types
2) By Level: Semi-Rugged, Fully-Rugged, Ultra-Rugged
3) By Distribution Channel: Direct Sales, Distributors, Online Retailers
4) By End User: Mining And Metal, Power, Chemical, Transportation, Healthcare, Defense, Aerospace, Other End Users
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Regional Insights –
North America was the largest region in the rugged electronics market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the rugged electronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the rugged electronics market report are <b>Dell Technologies Inc.; Panasonic Corporation; General Dynamics Corporation; Schneider Electric SE; Siemens AG; kyocera Corporation; TouchStar Technologies Ltd.; Rockwell Automation Inc.; Zebra Technologies Corporation; Honeywell International Inc.; Trimble Inc.; Leonardo DRS; Curtiss-Wright Inc.; Advantech Co Ltd; Crystal Group; Kontron AG; Mercury Systems Inc; AdLink Technology Inc.; DT Research Inc.; Juniper Systems Inc.; CipherLab Co. Ltd.; General Micro Systems Inc.; MobileDemand L.C.; Mountain Secure Systems Inc.; Getac Technology Corporation </b>
Table of Contents
1. Executive Summary
2. Rugged Electronics Market Report Structure
3. Rugged Electronics Market Trends And Strategies
4. Rugged Electronics Market – Macro Economic Scenario
5. Rugged Electronics Market Size And Growth
…..
27. Rugged Electronics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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