According to a new report Global Rugged IC Market, published by KBV research, The Global Rugged IC Market size is expected to reach $1.1 billion by 2027, rising at a market growth of 5.6% CAGR during the forecast period.
The Fully Rugged market acquired maximum revenue share in the Global Rugged IC Market by Level 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $498.9 million by 2027. Fully rugged devices are frequently used in military and industrial applications within risky conditions. They are more ruggedized than semi-rugged devices but less than specialised ultra-rugged devices. Fully tough gadgets can be dropped, impacted, exposed to extremely high or low temperatures, resist high levels of humidity, withstand heavy rain and direct sunlight exposure for extended periods of time, and so on, depending on their certifications.
The Manufacturing market would showcase a highest growth rate of 4.7% during (2021 - 2027). Various benefits offered by rugged IC to the manufacturers in the development of numerous products would attract more manufacturers across different industrial vertical to adopt these IC. This would further accelerate the growth of the segment during the forecast period.
The Tablets market is expected to witness a CAGR of 5.4% during (2021 - 2027). Rugged tablets often have barcode scanners with all day without charging, as well as, offer additional features that a regular computer would have. Rugged tablets, like ordinary tablets, give delivery drivers tools to communicate with the warehouse and users. Ruggedness can be more beneficial for the efficient delivery services. However, because of these added qualities, many delivery companies are switching to tough tablets rather than conventional tablets.
The North America market is the fastest growing region in the Global Rugged IC Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $363.6 million by 2027. The Europe market is expected to witness a CAGR of 5.4% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 5.7% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/rugged-ic-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Crystal Group, Inc., NXP Semiconductors N.V., Qualcomm, Inc., Honeywell International, Inc., Analog Devices, Inc., Infineon Technologies AG, STMicroelectronics N.V., Texas Instruments, Inc., MediaTek, Inc., and General Dynamics Corporation.
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