(MENAFN - GetNews) Rugged Display Market is growing rapidly over 5% of CAGR and is expected to reach at $ 10 Billion by the end of forecast period 2018 to 2023. This Global Rugged Display Market growth due to the increasing trend of digital transformation. The latest technologies are designed to withstand tough condition. For instance, the light weight devices are designed with rugged display that are highly durable, shock absorbent, portable, can withstand with rough handling, dust and rain. Global Rugged Display Market: Synopsis
The report published by Market Research Future (MRFR) states that the global rugged display market is anticipated to exhibit moderate expansion at a CAGR of 5% during the forecast period of 2017-2023 and reach the market valuation of USD 10 Bn by the end of the year 2023. Rugged displays are flat panel displays that are durable enough to adapt to extreme environmental conditions. Increased incorporation of rugged displays in various sectors such as military and defense, oil and gas, aerospace and others are majorly contributing to the expansion of the global rugged display market. Increased investments for the development of advanced devices to fulfill the growing demand from commercial and industrial sectors is also fueling the growth of the global rugged displays market. However, high cost of devices is likely to restrain the growth of the global rugged displays market during the forecast period.
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Global Rugged Display Market: Key Players
The prime players profiled by MRFR that are operating in the global rugged display market are Sparton Corporation (the U.S), Xplore Technologies Corporation (the U.S), Panasonic Corporation (Japan), Chassis Plans (the U.S), Sonim Technologies Inc. (the U.S.), Kyocera Corporation (Japan) and others.
Global Rugged Display Market: Segmental Analysis
The global rugged display market has been segmented on the basis of type, ruggedness, operating system, end- users and region. Based on type, the global rugged display market has been segmented into dot-matrix, liquid crystal display (LCD), light-emitting diode (LED) and others. The liquid crystal display (LCD) segment is projecting tremendous growth in the global rugged display market owing to its properties such as comparatively low power consumption, compact size, and cheaper cost.
Based on ruggedness, the global Rugged Display Market has been segmented into semi-rugged, fully rugged, ultra-rugged and others. The fully rugged segment is expanding at a significant growth rate owing to the high demand for these displays in various industrial sectors such as oil & gas, mining, and logistics due to their ability operate optimally in extreme weather conditions.
Based on operating system, the global rugged display market has been segmented into iPhone operation system (iOS), windows, android, and others. The android segment is witnessing high growth potential owing to the frequent release of new devices, availability of multiple options in affordable price range and proliferation in market entrants investing in the global rugged display market.
Based on end-users, the global rugged display market has been segmented into government and defense, aerospace, industrial, hospitals, commercial and others. The ability of rugged displays to withstand harsh environmental conditions has led to incorporation and optimum utilization of this technology in the defense, aerospace and industrial sectors.
Global Rugged Display Market: Regional Analysis
Geographically, the global rugged display market has been segmented into four major regions such as Europe, North America, Asia Pacific (APAC) and the rest of the world. The North America region is projecting dominance over the global rugged display market owing to the increased investment for technological advancement, easy adoption of technologically advanced devices and increased incorporation of rugged displays in various industrial sectors such as Military and defense, aerospace, government, oil and gas industry, and others. Increased incorporation of rugged displays in healthcare sector and introduction of innovative products by the manufacturers in order to gain competitive edge in the global market are propelling the growth of the rugged display market in the Europe region. Increasing popularity of adventure sports & video blogging and increasing demand for highly durable portable devices are fueling the growth of the rugged displays market in the Asia Pacific region.
Global Rugged Display Market: Industry Updates
In November 2018, Kyocera, a leading supplier of solar power generating systems, mobile phones, and other electronic devices, has announced the launch of its new phone, DuroForce Pro 2. This phone is designed to be used in extreme environmental conditions and is equipped with rugged display to provide optimum functioning in harsh environments.
In October 2018, Dell has launched three new Latitude laptops that are designed to operate in rough environments. These laptops are equipped with up to 1000-nit rugged displays.
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