Published By : 23 Aug 2016 | Published By : QYRESEARCH
With so many data being transferred every day, the need for rugged electronics such as hand-held devices, tracking devices, industrial computing devices, and hardware devices has grown rapidly. Rugged electronics have application across several end-use industries such as adventure, aerospace, chemicals, healthcare defense, mining and metal, power, and transportation. The rising demand for smartphones and tablets and declining prices of rugged electronics are acting as drivers in the global rugged electronics market.
Rising Shipment of Rugged Electronics in Defense Sector to Fuel Action
High adoption of rugged electronics by warfighters in unmanned vehicles, network-centric battlefields, and ground vehicles has made defense sector the leading segment in terms of the end user. These fighters need to be in constant contact for various functions, such as communication, control, command, intelligence gathering, surveillance, and reconnaissance.
Emerging Economies to Present Immense Scope for Future Growth
Developing nations in the Asia Pacific region are anticipated to witness impressive growth due to rapid technological development. A consistent increase in the demand for smartphones and tablets is anticipated to boost the growth of the rugged electronics market in the APAC region.
Regions in the RoW segment are also lucrative for the global rugged electronic market in terms of expansion. Rising demand for rugged electronics in the power industries as well as oil and gas sector is expected to propel the regional market.
Large Power Companies Propel Growth of North America Rugged Electronics Market
In 2015, North America was the leading geographical segment in terms of revenue and is anticipated to witness steady growth in the forthcoming years. The growth of the rugged electronics market is largely influenced by the growth of the defense and aerospace industries in the region, which are growing at impressive rates. The rising adoption of rugged electronics in the power industry can be attributed to the fact that largest power companies are based in North America. This is expected to fuel the demand for rugged electronics in this region.