Press release
Rugged Electronics Market - Rising Applications in the Defense Sector Propells Growth
The global rugged electronics market is likely to clock a solid 8.1% CAGR over the 2017-2025 forecast timeframe. Rising at this rate, the market’s valuation of US$9.4 bn in 2017 will become US$17.46 bn by 2025. Product-wise, the industrial computing and handheld devices segment is anticipated to emerge significant in the overall market due to their increasing adoption in a host of industries.Obtain Brochure For Latest Technology Advancements @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=13892
One of the key growth drivers of the rugged electronics market is the rising applications of rugged electronics in the defense sector. Modern warfare capabilities considerably bank on communication devices that are monitored by computer systems deployed at a central control unit and use of modern electronics in various combat systems.
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The steady demand for rugged electronics from the defense sector has been a boon to the rugged electronics market. This is to provide reliable equipment that can function optimally even at battleground. Several nations worldwide are expanding their defense budgets to enhance warfare capabilities with smart combat systems rather than bulky and voluminous war weaponry.
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The power industry is also a playing a pivotal role in the development of the rugged electronics market. The rising demand for smart grids to minimize energy loss and for maximum efficiency of distribution has led to investment in the power sector.
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