Global Rugged IC Market 2018-2022
About this market
The global rugged IC market is growing due to increasing demand for ruggedized computers and embedded boards used in robots for mission- critical applications in the defense sector. Recent application areas wherein ruggedized computers are being used include logistics and cargo transportation, maintenance of vehicles and machinery and medical industry. Any rugged systems or solution design begins with a need for industrial- grade components that must meet stringent requirements in terms of extended temperature operation, vendor selection, ruggedness specifications, reliability and durability. Standalone boards can be integrated into numerous laser weapons, ruggedized computers, among others, driving the growth of the market. The global rugged IC market is projected to grow at a CAGR of about 6% during the forecast period.
Increasing interest in smart cities
In a smart city, the infrastructure in integration with loT devices and communication technologies. Several initiatives need to be taken to transform a city into a smart city. Such as adopting smart grid technologies, using IT to improve traffic, and enabling a number if Wi- Fi points.
Declining price of commercial consumer- grade devices
The increasing price gap between both types of devices, end- users incline toward consumer- grade devices. Rugged device vendors are also forced to reduce the price of their offerings by lowering their profit margins, by increasing bargaining from suppliers and adopting cost- effective production and product delivery techniques.
For the detailed list of factors that will drive and challenge the growth of the rugged IC market during the 2018-2022, view our report.
The global rugged IC market is fairly concentrated. Several initiatives need to be taken to transform a city into a smart city, such as adopting smart grid technologies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Rugged IC Market 2018-2022
Technavio recognizes the following companies as the key players in the global rugged IC market: Analog Devices, Honeywell International, Infineon Technologies, Ozark Integrated Circuits, STMicroelectronics.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increased deployment of UAVs by defense and military.”
According to the report, one of the major drivers for this market is the rising adoption of ruggedized computers in defense applications.
Further, the report states that one of the major factors hindering the growth of this market is the declining price of commercial consumer- grade devices.
Ozark Integrated Circuits
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