Rugged Electronics Market to Capitalize on Immense Opportunities in Emerging Economies

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

Defense Sector to Create Remunerative Opportunities for Rugged, Portable Electronics

Rugged electronics find application in several end-use industries such as power, transportation, defense, adventure sports, mining and metal, chemicals, healthcare, and aerospace. By revenue, the defense sector held the leading share in the rugged electronics market in 2015, followed by adventure sports. Rugged electronics have become a necessity in the defense sector owing to the growing use of satellites, network-centric battlefields, unmanned vehicles, and war fighters.

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The sharing and transmission of massive amounts of data in harsh environments has made rugged portable electronic devices a necessity for those on the field. The rugged electronics market in the field of defense continues to be largely untapped, however, and this presents immense scope for players in the global market. The segment is also likely to expand at the highest CAGR during the forecast period.

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.

Rugged Electronics Market: Snapshot

The market for rugged electronics, such as industrial computing and hand-held devices, hardware devices, and tracking devices, has grown considerably over the years owing to their application across a wide range of industries – from aerospace, defense, and healthcare to chemicals and power. The declining prices of rugged electronics and the rising demand for smartphones and tablets are expected to fuel the global rugged electronics market over the forecast period.

The rugged electronics market is expected to expand at a strong CAGR of 9.6% during the forecast period of 2016 to 2024, reaching a market size of US$26 bn by 2024. The value of the market was pegged at US$11.4 bn in 2015.

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The key players in the global rugged electronics market include General Dynamics Corporation, Crystal Group Inc., DT Research Inc., Mountain Secure Systems, Siemens AG, MobileDemand, Schneider Electric SE, Xplore Technologies Corp., DRS Technologies Inc., and Panasonic Corporation.

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