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Rugged IC Market to garner USD 670 Million with over 6% CAGR during 2021-2025: Technavio
[March 25, 2021]

Rugged IC Market to garner USD 670 Million with over 6% CAGR during 2021-2025: Technavio


NEW YORK, March 25, 2021 /PRNewswire/ -- The rugged IC market is expected to post a CAGR of over 6% during the period 2021-2025, according to the recently published market research report by Technavio. This report offers a detailed analysis of key factors responsible for the current and potential growth of the market. Furthermore, it provides extensive, value-driven data insights pertaining to rugged IC market aiding customers to make informed business decisions.

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Prominent Takeaways from this Report

  • Growing adoption of ruggedized computers will drive market growth.
  • Rugged mobile computers will witness the highest application share in the rugged IC market.
  • 36% of the market growth will originate from North America with the US holding the largest country share.
  • Rugged IC market is highly competitive and fragmented with vendors deploying innovative strategies to continue maintaining and expanding their customer base. 
  • The market is anticipated to have negative & inferior impact due to the COVID-19 pandemic.

View Technavio's 120-page research report with ToC on "Rugged IC Market by Application (rugged mobile computers, rugged tablets, rugged scanners, and rugged air quality monitors), Geography (North America, Europe, APAC, South America, and MEA) and Vendor Forecasts, 2021 - 2025"

https://www.technavio.com/report/rugged IC-market-industry-analysis

Rugged IC Market: Driver and Trend Analysis

Ruggedized computers are gaining traction among the consumers and end-user industries such as medical sector and logistics industry for the maintenance of vehicles. In addition, robots with ruggedized computers and embedded boards equipped with rugged ICs are increasingly being deployed in mission-critical applications of the defense sector. Thus, with rising deployment of ruggedized computers across several critical industrial applications, the demand for rugged IC will surge in the forthcoming years.

There have been several investments in the development of smart cities across the globe. The infrastructure in a smart city is integrated with IoT devices and communication technologies. This has further led to the increased development and utilization of MPUs in several applications, which, in turn, will drive the rugged IC market growth during the forecast period.

Download PDF about drivers, restraints, and opportunities for rugged IC market,

Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR70309



Rugged IC Market: Segmentation Analysis 

This market research report fragments the global rugged IC market by application (rugged mobile computers, rugged tablets, rugged scanners, and rugged air quality monitors), geography (North America, Europe, APAC, South America, and MEA).


The rugged mobile computers segment held the largest rugged IC market share in 2020 due to increased technological advances in the consumer-grade device sector. The rugged mobile computer segment is mainly dominated by semi-rugged devices, followed by fully rugged devices. Furthermore, the launch of new rugged products for military and defense applications will propel the demand for rugged ICs in this segment during the forecast period. 

In terms of geographical analysis, 36% of the market's growth will originate from North America during the forecast period. The growth of the defense sector in the US is prominently driving the rugged IC market growth. The growth of the oil and gas industry also drives the market growth in the region due to an increase in oil and gas production in the US. In addition, the market vendors are also focusing on ruggedized routers that can be used to establish communication between different ruggedized smart devices in a harsh environment, in turn, boosting the rugged ICs market demand in the region

Rugged IC Market: Vendor Analysis 

The rugged IC market is highly competitive and fragmented. Several players in the market striving to provide superior products by differentiating them either based on quality or service. Vendors are deploying various organic and inorganic growth strategies to survive market competition. This report classifies key market players as dominant, pure-play and industry-focused players to offer effective investment opportunities and allow clients to make informed decisions. Prominent rugged IC market players include:

  • Analog Devices Inc.
  • Honeywell International Inc.
  • Infineon Technologies AG
  • Maxim Integrated Products Inc.
  • NXP Semiconductors NV
  • Ozark Integrated Circuits, Inc.
  • Qualcomm Inc.
  • STMicroelectronics NV
  • Taiwan Semiconductor Co. Ltd.
  • Texas Instruments Inc.

For customized and tailor-made specifications to be done for this report, Speak to our Analysts

Find more research reports on Information Technology Industry, by Technavio

  • Rugged Devices Market by End-user, Product, Type, and Geography 2020-2024 - The rugged devices market size will grow by USD 1.67 billion during 2020-2024, growing at a CAGR of over 5% over the forecast period.

Download Sample for More Details

  • Rugged Handheld Devices Market by Type, End-user, Product, and Geography 2020-2024 - The rugged handheld devices market size will grow by USD 1.22 billion during 2020-2024, growing at a CAGR of over 5% over the forecast period.

Download Sample for More Details

Rugged IC Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist rugged IC market growth during the next five years
  • Estimation of the rugged IC market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the rugged IC market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of rugged IC market vendors

About Us 
Technavio 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 17,000 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. 

Contact 

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio


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