Global rugged electronics market set to grow to USD 33.72 billion by 2033

From GlobeNewswire: 2024-07-19 15:00:00

The Global Rugged Electronics Market is set to grow from USD 14.75 billion in 2023 to USD 33.72 billion by 2033, with a CAGR of 8.62%. Rugged electronics are vital in defense, aerospace, and industrial sectors due to their ability to withstand harsh conditions. There is a high demand for rugged cameras and drones in the military, driving market growth. The industrial computing and hand held devices segment holds the largest revenue share in the market. The defense sector leads in market share, with North America expected to dominate the market. Asia Pacific is projected to grow rapidly, fueled by increased network connectivity and end-user industry expansion. Major vendors in the market include Honeywell, Panasonic, Siemens, among others. Market segments include rugged hardware devices, tracking devices, and various applications such as defense, healthcare, and transportation. Spherical Insights & Consulting offers comprehensive market research and consulting services to assist businesses in achieving their objectives. Contact for more information on specific target markets.



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