Mobile Leads The Way As Rugged Electronics Market Sees Growth

Contributor: Jason Koestenblatt
Posted: 08/23/2016
Rugged electronics
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Poised to more than double its market value in the next eight years, the rugged electronics sector is growing exponentially and is forecasted to see a 9.6% CAGR until 2024. 

According to a new report from Transparency Market Research, the rugged electronics market, which posted a $11.4 billion value in 2015, is expected to reach a value of $26 billion by 2024, and will be lead by industrial computing and hand-held devices. “The industrial computing and hand-held devices segment will also expand at the fasted pace over the course of the forecast period, reporting a 10% CAGR,” the report stated.

The rugged electronics market is fueled by the defense sector as the primary end-user, with North America as the lead geographic market, followed by Asia Pacific, the report said. 

Jason Koestenblatt
Contributor: Jason Koestenblatt