Rugged IC Market: North America to Occupy 36% Market Share| Computers Segment to be Significant for Revenue Generation|Technavio
NEW YORK, July 1, 2022 /PRNewswire/ -- The rugged IC market estimates a market value of USD 670 millionfrom 2020 to 2025 as per the latest market forecast report by Technavio. In addition, the report projects the market to progress at a CAGR of 6.41%. 36% of the market's growth will originate from North America during the forecast period. The US is the key market for rugged IC market in North America. Market growth in this region will be faster than the growth of the market in other regions. The growth of the defense sector will facilitate the rugged IC market growth in North America over the forecast period.
The market research report segments the Rugged IC market by Application (rugged mobile computers, rugged tablets, rugged scanners, and rugged air quality monitors) and Geography (North America, Europe, APAC, South America, and MEA).
The rugged mobile computers segment will be significant for revenue generation.
The rugged mobile computer segment led the global rugged IC market in 2020 due to increased technological advances in the consumer-grade device sector. The non-rugged mobile computer market is well-established, and intense competition in this market has led to various developments, such as the bundling of technologies.
The rugged mobile computer segment is mainly dominated by semi-rugged devices, followed by fully rugged devices. Ultra-rugged handhelds are used by the military and the government segments only for application in extreme environments. The commercial and the industrial segments have contributed to the high sales volumes of rugged mobile computers. This has resulted in a decrease in the ASPs of rugged mobile computers.
The key factor driving the rugged IC market is the adoption of ruggedized computers in defense applications. The increasing demand for ruggedized computers and embedded boards used in robots for mission-critical applications in the defense sector is driving the market growth.
Recent application areas wherein ruggedized computers are being used include logistics and cargo transportation, maintenance of vehicles and machinery, and the medical device industry. Moreover, any rugged system or solution design begins with a need for industrial-grade components that must meet stringent requirements in terms of extended temperature operation, vendor selection, ruggedness specifications, reliability, and durability.
For instance, in 2017, JLT Mobile Computers, a leading supplier of reliable computers for demanding environments, announced the addition of fully-rugged mobile Android devices for field workers in logistics, warehousing, transportation, and other similarly challenging operating environments. The company had introduced the JLT MT3007A 7-inch tablet features a high-performance Qualcomm® Snapdragontm 660 Octa-core processor behind a user-friendly Android 9.0 interface. Standalone boards can be integrated into numerous laser weapons, and ruggedized computers, among others, driving the growth of the global rugged IC market.
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Get ready to achieve excellent business outcomes from this exclusive Rugged IC Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as -
What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?
What is the current trend taking place in the market space?
Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?
What are market drivers, restraints, and challenges impacting demand & growth of the market?
Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?
The competitive scenario provided in the Rugged IC Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Rugged IC Market Forecast Report - Buy Now!
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The rugged devices market share is expected to increase to USD 344.78 million from 2021 to 2026 at a CAGR of 5.5%.
Exhibit 82: Texas Instruments Inc. - Business segments
Exhibit 83: Texas Instruments Inc. - Key offerings
Exhibit 84: Texas Instruments Inc. - Segment focus
11 Appendix
11.1 Scope of the report
11.2 Currency conversion rates for US$
Exhibit 85: Currency conversion rates for US$
11.3 Research methodology
Exhibit 86: Research Methodology
Exhibit 87: Validation techniques employed for market sizing
Exhibit 88: Information sources
11.4 List of abbreviations
Exhibit 89: List of abbreviations
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