Global Rugged IC Market 2018-2022 | Growth of Rugged loT to Encourage Growth | Technavio
LONDON--(BUSINESS WIRE)--Jan 2, 2019--The global rugged IC market is expected to post a CAGR of over 6% during the period 2018-2022, according to the latest market research report by .
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190102005465/en/
Technavio predicts the global rugged IC market to post a CAGR of over 6% by 2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the adoption of ruggedized computers in defense applications. The increasing demand for ruggedized computers and embedded boards used in robots for mission-critical applications in the defense sector is driving the global rugged IC market. Recent application areas wherein ruggedized computers are being used include logistics and cargo transportation, maintenance of vehicles and machinery, and medical industry.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the growth of rugged loT as one of the key emerging trends in the global rugged IC market:
Global rugged IC market: Growth of rugged loT
A major diver for the global rugged IC market is the deployment of loT in the industrial sector. loT is being deployed across several industries by integrating sensors with manufacturing equipments located at manufacturing and production plants. The current trend of data exchange and automation in manufacturing technologies is called the Industry 4.0. Industry 4.0 includes cyber-physical systems, loT, cloud computing, and cognitive computing.
“Manufacturing of an electronic device needs to be designed from inside out. Rugged ICs are the main components where temperature control is of the highest importance. IoT’s ability in automating maintenance and operations of the machine, standardizing the processes of a machine, improving the traceability and visibility of the process, and ensuring the safety of rugged devices through automation and real-time updates are some of the advantages of IoT,” says a senior analyst at Technavio for research on semiconductor equipment.
Global rugged IC market: Segmentation analysis
This market research report segments the global rugged IC market by application (rugged mobile computers, rugged tablets, and rugged scanners) and geographical regions (APAC, EMEA, and the Americas).
The rugged mobile computers segment held the largest market share in 2017, accounting for over 59% of the market. This application segment is expected to dominate the global market throughout the forecast period.
The Americas led the market in 2017 with a market share of nearly 50%. This region is expected to dominate the market through 2022, however, there will be a decrease in its market share by over 2%.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 10,000 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.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20190102005465/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA SOUTH AMERICA AFRICA MIDDLE EAST
INDUSTRY KEYWORD: TECHNOLOGY HARDWARE SEMICONDUCTOR MANUFACTURING ENGINEERING PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES
SOURCE: Technavio Research
Copyright Business Wire 2019.
PUB: 01/02/2019 11:43 AM/DISC: 01/02/2019 11:43 AM