Market Overview
The rugged handheld electronic device market 2020 held a strong valuation of USD 7.35 billion in the year 2018, according to Market Research Future (MRFR). The market can also expect advancement at a decent pace of 9.71% from 2019 to 2024 (appraisal period). We will provide COVID-19 impact analysis with the report. The COVID-19 impact on the Rugged Handheld Electronic Devices Market has been carefully studied, following which the report outlines the key developments post the coronavirus disease outbreak.
COVID-19 Analysis
The COVID-19 pandemic has disrupted the supply chain of various industries significantly, leading to uncertainty across the stock market, decline in business confidence, and surging chaos among customers. SARS-CoV-2 has also affected the production and investment capacity of a number of industries such as semiconductors, ICT and more.
However, the novel coronavirus is expected to give rise to various opportunities for the rugged handheld electronic devices, given the rising sale of android-based devices following the lockdown imposed by governments in many countries. Moreover, various players in the rugged handheld electronic are continuously launching new and innovative products to maintain their position and prevent revenue loss post COVID-19 outbreak. For instance, in June 2020, Panasonic launched its latest rugged handheld tablet, Toughbook A3, which features 4GB RAM as well as 64GB expandable storage along with a Qualcomm Snapdragon 660 processor.
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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 rugged handheld electronic devices industry has been segregated depending on product type, and end-user.
The primary product types in the market include reader/scanner, mobile computers, smartphones and tablets, and more. In 2018, it was confirmed that the market for rugged smartphones and tablets accounted for 50.5% while clinching a valuation of USD 3.84 billion. This smartphones and tablets market is anticipated to procure the fastest expansion rate of 9.27% over the next few years.
The key end-users identified in the market study are transportation & logistics, manufacturing, retail, government, military & defense, and others. The biggest share of 27.2% in the global market belongs to manufacturing industries, which can advance at a 7.18% CAGR from 2019 to 2024.
Regional Analysis
The market for rugged handheld electronic devices is spread across the key regions of APAC/Asia Pacific, Europe, mea/Middle East & Africa, South America as well as North America.
North America currently heads the global market, given the presence of a well-developed infrastructure that facilities fast adoption of the latest and innovative technologies. The gigantic pool of highly renowned companies like Zebra Technologies Corporation, Juniper Systems Inc. and Honeywell International Inc., present in the region also favors the market to a large extent.
APAC can secure a formidable position in the global market during the conjectured timeframe, with China heading the said growth. Rising need for better connectivity as well as network coverage in adverse environments has been a prevalent trend in APAC, which has brought the rugged handheld electronic devices market into the limelight.
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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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