Key Factors Driving Rugged Handheld Devices Market Expansion
(PRUnderground) December 8th, 2023
The market for rugged handheld devices is expected to witness significant expansion, projecting a growth of USD 2.48 billion with a Compound Annual Growth Rate (CAGR) of 7.79% from 2023 to 2028. The collaborative efforts among industry players are playing a pivotal role in driving the growth of this market. Leading companies are joining forces to extend their customer base, explore new geographical markets, enhance product portfolios, and tap into unexplored opportunities within the rugged handheld devices sector. These strategic partnerships are poised to expedite the development of robust handheld devices, ensuring compliance with the rigorous requirements of various end-user sectors. Technavio provides an updated analysis of the current global market scenario and the overall market environment.
Explore the Rugged Handheld Devices Market 2024-2028: Segmentation:
- Rugged Mobile Computer
- Rugged Tablet
- North America
- South America
- Middle East And Africa
The segment of rugged mobile computers is expected to witness substantial growth, driven by the increased adoption of semi-rugged and fully rugged handheld smartphones and PDAs in industrial and commercial sectors. Learn more about the factors supporting market growth by downloading a free sample report.
Rugged Handheld Devices Market 2024-2028: Company Analysis and Scope: Key players in the rugged handheld devices market industry, including Aeroqual Ltd., ARBOR Technology Corp., BARTEC Top Holding GmbH, Bluebird Inc., Caterpillar Inc., CipherLab Co. Ltd., Datalogic SpA, DT Research Inc., Getac Technology Corp., HID Global Corp., Honeywell International Inc., Juniper Systems Inc., KYOCERA Corp., Leonardo DRS Inc., MilDef Group AB, Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Touchstar Plc, Unitech Computer Co. Ltd., and Zebra Technologies Corp., are covered in Technavio’s report. This report offers a detailed analysis of approximately 25 companies operating in the market to help businesses enhance their market position.
Key Market Dynamics: The rugged handheld devices market is characterized by fragmentation, and this trend is expected to intensify. While the growing demand for data management systems presents significant growth opportunities, the substitution of rugged devices with consumer-grade devices may impede market growth.
Market Trends: The market is witnessing a surge in demand for rugged handheld devices integrated with Internet of Things (IoT) technology. This integration facilitates machine-to-machine communication without human intervention, utilizing machine learning and Big Data. This connectivity enables industries to swiftly identify inefficiencies in production processes, enhancing operational efficiency and positively influencing the growth of the rugged handheld market.
Key Highlights of Rugged Handheld Devices Market 2024-2028:
- CAGR of the market during the forecast period 2024-2028
- Detailed insights into factors driving market growth over the next five years
- Estimation of market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors challenging the growth of rugged handheld devices market vendors
Rugged Integrated circuit (IC) Market: The Rugged Integrated Circuit (IC) Market size is estimated to grow at a CAGR of 6.91% from 2023 and 2028. The market size is forecast to increase by USD 905.29 million.
Rugged Smartphone Market: The rugged smartphone market size is estimated to grow at a CAGR of 4.46% between 2022 and 2027. The rugged smartphone market size is forecast to increase by USD 274.56 million.
- Executive Summary
- Market Landscape
- Market Sizing
- Historic Market Size
- Five Forces Analysis
- Market Segmentation by Product
- Market Segmentation by End-User
- Customer Landscape
- Geographic Landscape
- Drivers, Challenges, and Trends
- Company Landscape
- Company Analysis
About Technavio Research
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Original Press Release.