Rugged Electronics Market Report
The growth in the market is primarily attributed to the growing applications of rugged cameras and drones in military and defense. Additionally, growing applications of stretchable electronics in healthcare sector and increasing deployment of grade and blower fans in automotive industry are further propelling the market growth. Moreover, implementation of robots in various end–user industries is also boosting the growth of the global rugged electronics market. However, high cost of the rugged electronic devices may restrain the market growth upto some extent.
The ruggedness of a device has a huge impact in different verticals, such as manufacturing, retail industry among others. As dust, water, and dirt may harm the device’s performance, there is high demand for rugged devices owing to their high durability. Furthermore, in power electronics sector the use of silicon carbide transistors are creating an opportunity for the market growth, owing to high efficiency.
Geographically, North America dominated the global rugged electronics market in 2017, and expected to continue its dominance over the forecast period. The market growth in North America is attributed to the growing demand for rugged electronics in power industries. Moreover, Europe held the second position in terms of revenue owing to the increasing adoption of modern technologies in various end-user industries. Asia-Pacific (APAC) region is expected to register the highest growth rate during 2018-2024. The growth in APAC is mainly driven by growing demand for smart phones and tablets, handheld devices, and rapid development of industrial infrastructure.