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“Rugged display market is projected to grow at a CAGR of 5.92% between 2017 and 2023”
The rugged display market was valued at USD 7.03 billion in 2016 and is expected to reach USD 10.29 billion by 2023, growing at a CAGR of 5.92% between 2017 and 2023. The growth of the market is propelled by the growing technological shift in display technology and development of rugged display devices with high specifications, reduced total cost of ownership (TCO) offered by ruggedized products compared to consumer-grade devices in harsh environments, and rising demand for HMI and IoT in various industries. The adoption of consumer-grade display products in industrial applications is the major restraining factor for the growth of the rugged display market.
“Rugged tablet PCs are expected to grow at the highest rate during the forecast period”
Tablets are ideal for many field applications where low weight and maximum portability is crucial. Some of the ruggedized tablets barely weigh more than two pounds. Ruggedized tablets are tightly sealed and can be used in almost any environment. There has been an increase in the demand for tablets with display size of 10 inches and more as many workers in the field need a large display device to work efficiently on multiple applications. Companies are also focusing on developing and launching larger tablet PCs.
“Rugged display devices with display size less than 10 inches are expected to dominate the market between 2017 & 2023”
Rugged display devices with display size less than 10 inches have been witnessing huge demand, and they are expected to hold the major market share during the forecast period as well because smartphones and handheld computers come under this segment. Most of the vehicle-mounted computers available today have displays under 10 inches in size. Tablets, handheld computers, and laptops, which are usually less than 10 inches in size, are also used as vehicle-mounted computers in various applications
“rugged display market is expected to grow at the highest CAGR in APAC during the forecast period”
In the past five years, rugged display devices have witnessed the highest adoption in North America, especially in the US. North America, comprising the US, Canada, and Mexico, accounted for the largest market share in 2016. The market in APAC is expected to grow at the highest CAGR during the forecast period mainly owing to the modernization and development of infrastructure, such as smart cities, across the region and the untapped rugged display device applications in government, defense, transportation, and oil & gas industries. In addition, the automotive, transportation, and manufacturing sectors in the region are also witnessing significant growth. The increasing defense budgets in countries such as China and India further drive the growth of the market for the aerospace & defense industry in APAC. Moreover, Japan is home to major automotive manufacturers and suppliers who are increasingly adopting rugged devices to overcome the challenges regarding inventory management, process monitoring, and control.
In the process of determining and verifying the market size for several segments and subsegments of the rugged display market, extensive secondary research and primary interviews have been conducted with key people.
The breakdown of the profiles of primary participants is shown below:
- By Company Type: Tier 1 – 43%, Tier 2 – 35%, and Tier 3 – 22%
- By Designation: C Level – 20%, Director Level – 65%, and Others – 15%
- By Region: North America – 45%, Europe - 35%, APAC – 15%, RoW – 5%
The geographical segmentation in the report covers four major regions, namely, North America, Europe, Asia-Pacific, and RoW. The report also profiles the major players in the rugged display market including Getac Technology Corp. (Taiwan), Panasonic Corp. (Japan), Zebra Technologies Corp. (US), Sparton Corp. (US), Xplore Technologies Corp. (US), Beijer Electronics Group AB (Sweden), General Dynamics Corp. (US), L3 Technologies, Inc. (US), Kyocera Corp. (Japan), Curtiss-Wright Corp. (US), and Esterline Technologies Corp. (US).
Reasons To Buy the Report:
From an insight perspective, this research report focuses on various levels of analysis?industry analysis (industry trends), market ranking analysis of top players, supply chain analysis, and company profiles, which together discuss the basic views on the competitive landscape; emerging and high-growth segments of the rugged display market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on products offered by the top players in the global rugged display market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the rugged display market
- Market Development: Comprehensive information about lucrative emerging markets across regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global rugged display market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global rugged display market