Research Nester released a report titled “Rugged Handheld Electronic Devices Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global rugged handheld electronic devices market in terms of market segmentation by type, by product, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Rugged handheld electronic devices are the electronic devices designed and constructed in such a way that allows them to be operated even during various harsh conditions such as varying temperature and humidity, abrasion, noise reduction, low pressure, shock and vibrations, corrosion and radio frequency interference. The rugged handheld electronic devices market is anticipated to witness a CAGR of around 7.2% over the forecast period, i.e., 2019-2027. The market is further estimated to create an incremental opportunity of approximately USD 7,500 million during the forecast period. The market is segmented by type, by product, by end user and by region. On the basis of product, the market is segmented into smartphone & tablet, mobile computer and others. Out of these, the smartphone & tablet segment is anticipated to hold the leading share in the market and grow at the highest rate over the forecast period. This can be attributed to the growing use of smartphones and tablets by various companies for a number of purposes.
On the basis of region, the rugged handheld electronic devices market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in North America is anticipated to observe the highest growth in the coming years. Moreover, rugged handheld electronic devices market in North America is predicted to grow at the highest rate during the forecast period.
Growing Partnerships among Leading Companies to Boost the Market Growth
The market for rugged handheld electronic devices is anticipated to grow on the back of increasing number of strategic alliance and partnerships among leading players. This is further predicted to drive the market growth significantly on account of increased business opportunities. The rising demand for waterproof and damage resistant devices along with other features by users is anticipated to accelerate the market growth. However, the high cost associated with rugged handheld electronic devices is estimated to become a major growth restricting factor for the market over the forecast period as it limits the market for personal users and individual customers as well as for corporations which need to buy the devices in bulk.
This report also provides the existing competitive scenario of some of the key players of the global rugged handheld electronic devices market which includes company profiling of Advantech Co., Ltd., Cipherlab Co., Ltd., Datalogic S.P.A., Handheld Group, Honeywell International Inc., Hewlett-Packard Development Company, L.P., Juniper Systems Inc., Motorola Solutions, Inc., Panasonic Corporation and Zebra Technologies. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global rugged handheld electronic devices market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.