August 19 2020
Market Research Future published a research report on “Rugged Handheld Electronic Devices Market Research Report - Global Forecast till 2024” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2024.
Market Research Future (MRFR), in its current “Global Rugged Handheld Electronic Device Market,” states that due to surge in the demand for IoT-based devices, the worldwide rugged handheld electronic devices market to expand at 9.71% CAGR thorough the forecast period (2019–2024). The Rugged Handheld Electronic Devices Market 2020 is likely to thrive on features of rugged electronics. MRFR study, estimates the rugged handheld electronic device market size to exceed USD 7 billion by 2024. These electronics provides real-time information. Hence, extensively used in defense and aerospace sectors. The existence of such cash-rich end-users can contribute significantly to the expansion of the global rugged handheld electronics market in the review period.
Some of the Prominent Players in the rugged handheld electronic devices global market are Handheld Group(Sweden), Panasonic Corporation(Japan), Datalogic SpA(Italy), Zebra Technologies(US), Honeywell International, Inc. (US), Advantech Co., Ltd(Taiwan), Getac Technology Corp.(Taiwan), Juniper Systems Inc.(US), TouchStar PLC(UK), CIPHERLAB Co., Ltd(Taiwan) among others.
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The global rugged handheld electronic devices market has been segmented based on product type, and end-user.
By the mode of product type, the market has been categorized as smartphones and tablets, mobile computers, reader/scanner, and others. The smartphones and tablets segment thus accounts for the largest market share with 50.5% in 2018, with a market value of USD 3.84 billion and now is expected to register the highest CAGR of 9.27% in the forecast period. Rugged smartphones vary from standard smartphones in terms of ability to withstand various environmental conditions and offer protection against high temperature, water, dust, and vibration.
By the mode of end-user, the rugged handheld electronic devices market have been segmented into manufacturing, transportation & logistics, military & defence, retail, and government and others. The manufacturing industries will account for the largest market share of 27.2%, thus growing at 7.18% CAGR in the forecast period.
The global rugged handheld electronic devices market, regionally, has been studied under the key regions of Asia-Pacific, North America, Europe, and the Middle East & Africa, and South America.
In 2018, North America led the rugged handheld electronics market with the highest market share is now predictable to expand at a CAGR of 7.9% in the forecast period. The region is the early adopter of the technology and thus has notably contributed to market growth. Also, the incidence of various key players such as Honeywell International Inc., Zebra Technologies Corporation and Juniper Systems, Inc. drives the market in the region. In 2018, in US manufacturing industries, retail and military and defence industries had almost 66% of the market share of the rugged handheld electronic devices.
The Asia-Pacific region is likely to be the fastest increasing market during the forecast period 2019-2024 with the presence of various key and local players in the region, also contributing to the market growth. Moreover, developed and developing countries in the region are also motivating the growth for rugged handheld electronic devices market with the rising demand of rugged handheld smartphones, mobile computers and scanners by manufacturing industries, government, and retail industries. China is probably to control the market in the Asia-Pacific region.
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TABLE OF CONTENTS
List of Tables
Table 1 List Of Assumptions 26
Table 2 Global Rugged Handheld Electronic Devices Market, By Product Type, 2013–2018 (Usd Billion) 35
Table 3 Global Rugged Handheld Electronic Devices Market, By Product Type, 2019–2024 (Usd Billion) 36
Table 4 Global Rugged Handheld Electronic Devices Market Shipments, By Product Type, 2013–2024 (K Units) 36
Table 5 Global Rugged Handheld Electronic Devices Market, By End-User, 2013–2018 (Usd Million) 38
Table 6 Global Rugged Handheld Electronic Devices Market, By End-User, 2019–2024 (Usd Million) 39
Table 7 Global Rugged Handheld Electronic Devices Market Consumption, By End-User, 2013–2024 (K Units) 39
Table 8 Global Rugged Handheld Electronic Devices Market, By Region, 2013-2018 (Usd Billion) 41
Table 9 Global Rugged Handheld Electronic Devices Market, By Region, 2019-2024 (Usd Billion) 42
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