Rugged Handheld Electronic Devices Market Overview
Rugged handheld electronic devices are the electronic devices designed and constructed in such a way that allows them to be operated even during rough usage. These devices can be used in various harsh conditions such as varying temperature and humidity, shock and vibrations, corrosion, abrasion, noise reduction, low pressure and radio frequency interference. Rugged handheld electronic devices are commonly used during field sales, field services, transportation and distribution services, retail, healthcare, military as well as manufacturing. The devices usually consist of laptops, smartphones, tablets, readers, scanners and mobile laptops among several others.
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.
Growth Highlights based on Region during 2019-2027
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 and reach an approximate market value of USD 8,000 million by 2027. Moreover, rugged handheld electronic devices market in North America is predicted to grow at the highest rate during the forecast period with a CAGR of about 9% during 2019-2027.
The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
Rugged Handheld Electronic Devices Market Segmentation Synopsis
By Type
Based on type, the rugged handheld electronic devices market is segmented into semi-rugged, fully-rugged and ultra-rugged. Out of these, the segment for ultra-rugged handheld electronic devices held the largest market share in 2019 and is anticipated to continue the trend and reach the highest market value of about USD 6,000 million by 2027. On the other hand, the highest growth rate is projected to be observed by the semi-rugged segment with a CAGR of around 8.5% over the forecast period.
By Product
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 with a CAGR of around 8.5% over the forecast period. This can be attributed to the growing use of smartphones and tablets by various companies for a number of purposes such as for delivery and sales among several others.
By End User
Based on end user, rugged handheld electronic devices market is segmented into manufacturing, energy, construction, healthcare, oil & gas, transformation and others. The segment for manufacturing is anticipated to observe the highest growth rate and a CAGR of about 9% over the forecast period. Moreover, the manufacturing segment is predicted to hold the largest share in the market and attain a large market value of approximately USD 7,900 million by the end of 2027. This can be attributed to growing demand for rugged handheld electronic devices in the manufacturing industries, such as at factories and during various production processes.
Market Drivers and Challenges
Growth Indicators
Technological advancement in various industries is anticipated to result in an increased demand for handheld devices. The growing efforts by leading companies in order to develop technologically advanced products through research and development is the major growth driving factor for rugged handheld electronic devices market. The growing demand for waterproof and damage resistant devices along with other features is anticipated to result in the market growth. Moreover, the increasing number of strategic alliance and partnerships among leading players is anticipated to drive the market growth significantly on account of increased business opportunities. The various new features and abilities presented by rugged handheld electronic devices are predicted to further drive the market growth in the next few years.
Barriers
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. This limits the market for personal users and individual customers as well as for corporations which need to buy the devices in bulk but are restricted as a result of high prices. Additionally, there are some technological challenges faced by the rugged handheld electronic devices which prevent them from achieving optimum performance. This is predicted to restrict the market growth further.
Top Featured Competitive Landscape
Some of the affluent industry leaders in the global rugged handheld electronic devices market are 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.
