Latest News- Rugged Equipment Market: Government military and defense is expected to lead the End-user segment during 2024-2028

The Rugged Equipment Market is being driven by Growth of industrial end-users

The Rugged Equipment Market is expected to grow at a CAGR of 5.93% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 13494.49 million. In the realm of rugged equipment, the integration of Internet of Things (IoT) technology is becoming increasingly prevalent. This technological advancement is particularly significant in sectors with harsh operating conditions, such as military defense and industry. Over the next decade, IoT is poised to revolutionize the way these industries function. IoT refers to the interconnection of various objects, including computing machines, embedded devices, equipment, appliances, and sensors, to the Internet. By equipping rugged equipment with IoT capabilities, productivity and communication are enhanced. This innovation is facilitated through the use of radio frequency identification (RFID) devices and sensor technologies, enabling the connection of equipment, fleets, and personnel. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Government military and defense
  • Aerospace
  • Industrial and commercial
• Product
  • Communication equipment
  • Computer system
  • Display
• Geography
  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
  • APAC
    • China
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growth of industrial end-users
• Growing demand for rugged equipment due to regulatory standards
• Growing demand for wireless communication devices

However, the market also witnesses some limitations, which are as follows:

• High initial cost of procurement compared with non-rugged devices
• Costs incurred on training people on the usage of rugged equipment
• Risks associated with security

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Market Scope in Rugged Equipment Market Research Report

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Research Analysis Overview

The Rugged Equipment Market is expected to experience significant growth during the forecast period, driven by various factors. In the defense and military sector, the demand for rugged equipment is high due to the need for reliable and durable solutions in demanding environments. Military applications require rugged displays, computers, communication systems, and sensors that can withstand extreme temperatures, shock, and vibration. In other demanding industries such as manufacturing, construction, and emergency services, the need for rugged equipment is equally important. The adoption of data-driven insights, predictive maintenance, real-time monitoring, and connectivity features is driving the demand for rugged equipment. Smart sensors and the Internet of Things (IoT) are also playing a significant role in increasing productivity and overall efficiency. Sustainable materials and innovative designs are becoming essential in rugged equipment manufacturing, along with advanced manufacturing techniques and technological advancements. The use of smart technologies such as artificial intelligence and machine learning is also expected to drive growth in the market. The defense and emergency sectors are expected to remain the largest contributors to the rugged equipment market during the forecast period.

Market Research Overview

According to Technavio, the rugged equipment market is a segment of the larger global technology hardware, storage, and peripherals market, which encompasses manufacturers of various IT products, including cellular phones, personal computers, servers, electronic components, and peripherals. This market also covers data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other peripherals. The market size is determined by the revenue generated from the sales of these hardware devices, equipment, and components. The growth of the global technology hardware, storage, and peripherals market is anticipated to be driven by the escalating demand for data centers, fueled by the increased adoption of work-from-home technologies due to the COVID-19 pandemic.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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