Published Date : Jun 05, 2017
Albany, New York, June 5, 2017: A recent market research report added to the vast research report portfolio of MarketResearchReports.biz presents a detailed overview of the global market for rugged equipment, forecasting its scope of growth over the period between 2017 and 2021. The report, titled “Global Rugged Equipment Market 2017-2021,” states that the market will exhibit a promising 3% CAGR over the said period.
The market will be chiefly driven by the rising need for reliable and quick data transfer, especially for successful air, ground, and sea operations in the fields of defense and military. As data communication in these fields take place in extreme conditions, networking and communication equipment needs to be rugged. The rising adoption of unmanned aerial vehicles in these fields is boosting the adoption of rugged equipment, expected to drive the global rugged equipment market.
In terms of product type, the report segmented the global rugged equipment market into rugged displays, rugged computers, and rugged communication equipment. Of these, the segment of rugged communication equipment accounted for the dominant share in 2016. The segment is driven due to high demand across the defense and military sectors. Although defense and military expenditures across the globe are witnessing a reduction, steady allocation of funds for intelligence, surveillance, and reconnaissance (ISR) activities will continue to drive the market for rugged communication equipment over the report’s forecast period as well.
From a geographical perspective, the market for rugged equipment has been examined in the report for regional markets such as Europe, Middle East and Africa, Americas (North America and South America), and APAC (Asia Pacific). Of these, the market in Americas held the dominant position in the global market in 2016.
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The dominance of the Americas market in the global rugged equipment market is chiefly attributed to the vast expenditure of the defense and military sectors of key countries in the region on rugged equipment. However, after the U.S. pulled its forces out of Iraq, these expenditures have slightly declined. This is expected to have a direct negative impact on the total valuation of the Americas rugged equipment market in the next few years.
The competitive landscape of the global rugged equipment market features a highly fragmented nature owing to the presence of a large number of vendors. Key companies in the market have operations spread throughout the globe, further intensifying the competition. The intense competition in the market has significantly lowered the threat of new entrants. Moreover, sourcing consumer products and customizing them as per need is a popular trend among end users in the global rugged equipment market. This shift in preference has further intensified challenges for companies in the market.
Some of the leading companies in the market are Abaco Systems, Ecrin Systems, Extreme Engineering Solutions, MilDef Group, Curtiss-Wright Defense Solutions, Trenton Systems, Aqeri, Systel, COBHAM, BAE Systems, Kontron, Raytheon, Reutech Communications, DRS Technologies, Harris Corporation, ST Electronics, Rockwell Collins, Winmate, and Sparton Rugged Electronics.
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