Market Highlights
Various types of rugged handheld electronic devices include scanners, tablets, smartphones, and mobile computers, which are used across industries. One of the major factors driving the market is the rising demand for IoT devices. The growth of industry 4.0 depends upon rugged handheld electronic devices with features such damage-resistant screens, industrial strength frames, and shock- and vibration-resistant solid-state drives (SSDs), that can be used in production units, production floors, construction sites, and also for public safety. Moreover, the government standards related to safety is also fueling the market as various military operations involve communication channels which are owned by the government. Government approval and contracts are often required in order to manufacture devices which use these communication channels.
The global rugged handheld electronic device market was valued at USD 7.3 Billion in 2018 and is expected to grow at a CAGR 9.71% during the forecast period of 2019–2024.
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Key Players
Some of the Prominent Players in the global rugged handheld electronic devices market are Handheld Group(Sweden), Panasonic Corporation(Japan), Datalogic SpA(Italy), Zebra Technologies(US), Honeywell International, Inc. (US), Advantech Co., Ltd(Taiwan), Getac Technology Corp.(Taiwan), Juniper Systems Inc.(US), TouchStar PLC(UK), CIPHERLAB Co., Ltd(Taiwan) among others.
Market Segmentation
The global rugged Handheld Electronic Devices Market has been segmented based on product type, and end-user.
By the mode of product type, the market has been categorized as smartphones and tablets, mobile computers, reader/scanner, and others. The smartphones and tablets segment thus accounts for the largest market share with 50.5% in 2018, with a market value of USD 3.84 billion and now is expected to register the highest CAGR of 9.27% in the forecast period. Rugged smartphones vary from standard smartphones in terms of ability to withstand various environmental conditions and offer protection against high temperature, water, dust, and vibration.
By the mode of end-user, the rugged handheld electronic devices market have been segmented into manufacturing, transportation & logistics, military & defence, retail, and government and others. The manufacturing industries will account for the largest market share of 27.2%, thus growing at 7.18% CAGR in the forecast period.
Regional Analysis
The global rugged handheld electronic devices market, regionally, has been studied under the key regions of Asia-Pacific, North America, Europe, and the Middle East & Africa, and South America.
In 2018, North America led the rugged handheld electronics market with the highest market share is now predictable to expand at a CAGR of 7.9% in the forecast period. The region is the early adopter of the technology and thus has notably contributed to market growth. Also, the incidence of various key players such as Honeywell International Inc., Zebra Technologies Corporation and Juniper Systems, Inc. drives the market in the region. In 2018, in US manufacturing industries, retail and military and defence industries had almost 66% of the market share of the rugged handheld electronic devices.
The Asia-Pacific region is likely to be the fastest increasing market during the forecast period 2019-2024 with the presence of various key and local players in the region, also contributing to the market growth. Moreover, developed and developing countries in the region are also motivating the growth for rugged handheld electronic devices market with the rising demand of rugged handheld smartphones, mobile computers and scanners by manufacturing industries, government, and retail industries. China is probably to control the market in the Asia-Pacific region.
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Key questions addressed by the report
- What was the historic market size (2018)?
- Which segmentation (Product Type / End User is driving market?
- What will be the growth rate by 2024?
- What are the strategies adopted by key players?
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