Rugged Handheld Electronic Devices Market Analysis by End User (Healthcare, Oil & Gas, Energy, Construction, Transportation, Military & Defense, Manufacturing, and Others); and by Product Type (Mobile & Computers, Smartphone & Tablets, Scanner, and Others)-Global Supply & Demand Analysis & Opportunity Outlook 2022-2031
21 Oct 2022
ICT & Telecom
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
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Global Rugged Handheld Electronic Devices Market Size, Forecast, and Trend Highlights Over 2022 - 2031
The global rugged handheld electronic devices market is estimated to garner a revenue of USD 19.o Billion by the end of 2031 by growing at a CAGR of ~9% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of USD 9.0 Billion in the year 2021. The growth of the market can be attributed to the rising demand for consumer electronic devices across the globe. For instance, there has been more than 80 Billion spending on wearable devices by end users in the year 2021.
Rugged handheld electronic devices refer to devices that are designed in order to work in harsh internal and exterior conditions. They are used in various products such as mobile, computers, laptops, and others to withstand the harsh environment. Moreover, the environment that the devices have to bear consists of shock, vibration, noise, varying temperatures, low pressure, and others. There has been a rise in electronic devices in the form of smart phones, tablets, and others and it is expected to increase the growth of the global rugged handheld electronic devices market. There was more than 6 Billion smartphone users worldwide in the year 2021
Global Rugged Handheld Electronic Devices Market: Growth Drivers and Challenges
Increasing IOT Devices– With the advancement in the technology, there has been increase in the use of IOT devices that is expected to surge the growth of the global rugged handheld electronic devices market. According to the GSM Association's Mobile Economy Report 2019, the total number of IOT connections worldwide will be around 25 billion by the end of 2025.
Increasing Internet Percentage – As per the World Bank, the individuals using internet percentage has increased from 40 per cent in 2015 to 60 per cent in 2020.
Surging Sale of Tablets– More than 165 Million units of tablets are shipped in the year 2021 around the world.
Rising Digital Development- As per the World Bank, the digital economy worldwide accounts to 15.5 per cent of global GDP representing two and a four faster than the global GDP.
Inability to Adapt to Different Technologies
High Cost Associated with Rugged Handheld Electronic Devices
Limited Connectivity with Different Devices
The global rugged handheld electronic devices market is segmented and analyzed for demand and supply by product type into mobile & computers, smartphone & tablets, scanner, and others. Out of these, the smartphone & tablets segment is anticipated to hold the largest share over the forecast period owing to the rising adoption of smartphones and tablets among the population in their day-to-day activities. As per the reports, people are spending more time on their phones accounting for a nearly 50 per cent increase in their usage time in the year 2020 from the previous year.
Global Rugged Handheld Electronic Devices Market Regional Synopsis
Regionally, the global rugged handheld electronic devices market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2031 on the back of presence of advanced infrastructure, and the presence of major players in the region.
The market in the Asia Pacific region is expected to witness the fastest growth over the forecast period owing to the rising internet connections, and the increasing number of smartphone users. For instance, China’s total percentage of individuals using the internet increased from 50 per cent in 2015 to 70 per cent in 2020.
Our in-depth analysis of the global rugged handheld electronic devices market includes the following segments:
By End User
By Product Type
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Key Companies Dominating the Global Rugged Handheld Electronic Devices Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global rugged handheld electronic devices market that are included in our report are Motorola Solutions, Inc., Handheld Group, Cipherlab Co., Ltd., Hewlett-Packard Development Company, L.P., Datalogic S.P.A., Advantech Co., Ltd., Panasonic Corporation, Juniper Systems Inc., Honeywell International Inc., Zebra Technologies, and others.
Global Rugged Handheld Electronic Devices Market: Latest Developments
April, 2019: Juniper Systems Inc. announced the introduction of the Allergo 3 rugged handheld computer. This electronic device has a faster processor, a large memory capacity, 4G LTE capability, and an Android 7.1 Nougat platform.
May, 2022: Datalogic announced the launch of the PowerScan 9600 series of industrial handheld scanners. This flagship model provides critical new benefits to manufacturing, warehousing, and retail applications. The tough, rugged design, combined with wireless charging, interchangeable communications modules, and long-range STAR radio capability, provides unrivalled performance and a lower total cost of ownership, ensuring many years of exceptional performance.
Key Reasons to Buy Our Report
The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
The report includes detailed company profiles of the major players dominating the market.
We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
FREQUENTLY ASKED QUESTIONS
Increasing internet percentage, surging sale of tablets, increasing IOT devices, rising demand for consumer electronic devices, and rising digital development
The market is anticipated to attain a CAGR of ~9% over the forecast period, i.e., 2022 – 2031.
Inability to adapt to different technologies, high cost associated with rugged handheld electronic devices, and limited connectivity with different devices
Which region will provide more business opportunities for growth of rugged handheld electronic devices market in future?
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.
The major players in the market are Motorola Solutions, Inc., Handheld Group, Cipherlab Co., Ltd., Hewlett-Packard Development Company, L.P., Datalogic S.P.A., Advantech Co., Ltd., Panasonic Corporation, Juniper Systems Inc., Honeywell International Inc., Zebra Technologies, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by product type, end user, and by region.
Which segment captures the largest market size in product type in the rugged handheld electronic devices market?
The smartphone & tablets segment is anticipated to garner the largest market size by the end of 2031 and display significant growth opportunities.
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- Motorola Solutions Inc.
- Handheld Group
- Cipherlab Co. Ltd.
- Hewlett-Packard Development Company
- L.P. Datalogic S.P.A.
- Advantech Co. Ltd.
- Panasonic Corporation
- Juniper Systems Inc.
- Honeywell International Inc.
- Zebra Technologies