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Rugged Industrial Display Market Growth and Forecast to 2033
Rugged Industrial Display Global Market Report 2024
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According to The Business Research Company's, The rugged industrial display market size has grown rapidly in recent years. It will grow from $4.16 billion in 2023 to $4.58 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to increasing in the purchase for rugged tablets, increasing investments, increasing demand in harsh environments, increasing demand of mobile professionals, and increasing cut-throat competition.
The rugged industrial display market size is expected to see rapid growth in the next few years. It will grow to $6.84 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to rising reception of show gadgets, rising need for reliable and durable display solutions, rising tide of automation and digitalization, increasing demand for internet of things (IoT) and human-machine interferences (HMI) in different industries, and increasingly integral to industrial processes. Major trends in the forecast period include technological advancements, rising automation and digitalization, increasing demand for internet of things (IoT) and human machine interface (HMI), advancements in display technologies, and smart glasses and augmented reality (AR) headsets.
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Market Drivers and Trends:
The increasing consumer demand for smartphones is expected to propel the growth of the rugged industrial display market going forward. A smartphone is a mobile device that functions like a small computer, allowing users to make calls, send messages, browse the internet, and run apps. The increasing consumer demand for smartphones is due to their versatility, convenience, and the wide range of functions they offer, such as communication, entertainment, productivity, and access to information. Rugged industrial displays can be integrated into smartphones to create ruggedized smartphones designed for use in harsh environments. These rugged smartphones combine the functionality and portability of consumer smartphones with the durability and resilience required for industrial and demanding outdoor applications. For instance, in March 2023, according to a report published by Cybercrew, a UK-based developing and providing cybersecurity solutions for businesses of all sizes, the percentage of UK households using smartphones reached 91.43% in 2021. Further, this percentage is projected to increase to 93.8% in 2026. Therefore, the increasing consumer demand for smartphones drives the rugged industrial display market.
Major companies operating in the rugged industrial display market are focusing on developing innovative products, such as fully rugged tablets, to enhance usability in harsh environments. Fully rugged tablets are portable computing devices that withstand extreme environmental conditions and harsh usage. They are built to meet rigorous standards for durability, including resistance to water, dust, shock, vibration, and extreme temperatures. For instance, in May 2021, Panasonic, a Japan-based electronics company, launched the fully rugged Toughbook S1, a tablet to enhance flexibility and reliability for mobile workers. This is designed for use in various industries, including logistics, transportation, retail, and field service, where mobile workers require a reliable and adaptable device to perform their tasks efficiently in challenging environments. This consists of an optional extended-life battery that provides up to 14 hours of battery life, with warm swap functionality to avoid interruptions.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Panasonic Corporation, Schneider Electric SE, L3Harris Technologies Inc., Rockwell Collins Inc., Curtiss-Wright Corporation, Kontron AG, Getac, Beijer Electronics, Eizo Corporation, MilDef Inc., Esterline Technologies Corporation, Hatteland Technology, General Micro Systems Inc., General Dynamics Corporation, General Digital Corporation, Sparton Enterprises LLC, Advantech Co. Ltd., Vartech Systems Inc., Advantech, Kyocera North America, Nauticomp Inc., Winmate, TRU-Vu Monitors Inc.
Rugged Industrial Display Market 2024 Key Insights:
• The rugged industrial display market size is expected to see rapid growth in the next few years. It will grow to $6.84 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%.
• Smartphones Fueling Growth in the Rugged Industrial Display Market
• Pioneering Durability With Fully Rugged Tablets For Extreme Conditions
• North America was the largest region in the rugged industrial display market in 2023
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