Rugged Display Market is Estimated to Witness High Growth Owing to Increased Demand from Military & Defence Sector
SWOT Analysis
Strength: Rugged displays are specifically designed to withstand extreme conditions like shock, vibration, temperature fluctuations and harsh environment while performing accurately. They are highly durable and reliable which increases productivity. They have moisture and dust resistant features to operate in different climates.
Weakness: Rugged displays have relatively larger form factors and higher costs as compared to commercial-grade displays. They are heavier and bulkier which limits their portability. Developing advanced technologies for ruggedization also increases price points.
Opportunity: Growth of military and aerospace sectors have bolstered demand for ruggedized solutions. Increasing adoption of computing devices in industries like logistics, manufacturing and transportation open up new growth avenues. Emergence of more compact and lightweight rugged panels presenting an opportunity.
Threats: Intense competition from regional players impacts margins. Volatility in raw material prices leads to supply issues. Slowdown in end-use industries amid economic uncertainties poses a challenge. Alternative technologies threatening certain application areas.
Key Takeaways
Global Rugged Display Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market size for the year 2024 is estimated to reach US$ 9.75 Billion with a projected CAGR of 9.0% during the forecast period.
Regional analysis: North America dominates the global rugged display market currently holding over 30% share owing to large defense budgets and mature defense infrastructure in the US and Canada. Asia Pacific registers fastest growth led by China, India and Southeast Asian countries. Increasing military modernization programs and rising adoption of industrial computing devices drives the regional market.
Key players: Key players operating in the Rugged Display market are Dell Inc., Curtiss-Wright Corp., Getac Technology Corp., General Dynamics Corp., Zebra Technologies Corp., L3 Technologies Inc., Panasonic Corporation, Scio Teq, Sparton Corp., Crystal Group Inc., Kyocera Corp., and Beijer Electronics Group AB. These players focus on new product launches, innovations and mergers & acquisitions to expand their market share.
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