Global rugged equipment market will register a revenue close to USD 44 billion by 2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is incorporation of Internet of things (IoT) in rugged equipment. Rugged equipment is soon supporting the internet of things (IoT). These rugged devices are used in harsh environments, especially in military and defense, and industrial settings. Emerging technologies are set to change the way these end-users operate over the next decade. IoT is one of them, leading the way in bringing about positive change in industries.
According to the report, one driver in the market is global increase in military expenditure. The world's expenditure for military sector increased in 2016, particularly in the US and Europe; however, it declined in oil extracting countries. The expenditure increased by 0.4% in 2016 when compared with that of 2015. The military and defense expenses are determined based on the economic and political scenario of a country. The exhibit below displays the share of military expenditure in top five countries in 2016.
- Curtiss-Wright Defense Solutions
- Extreme Engineering Solutions
- Leonardo DRS
- Sparton Rugged Electronics
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
5. Market Landscape
6. Market Sizing
7. Five Forces Analysis
8. Market Segmentation by Product
9. Customer Landscape
10. Market Segmentation by End-User
11. Regional Landscape
12. Decision Framework
13. Drivers and Challenges
14. Market Trends
15. Rugged Communication Equipment: Vendor Landscape
16. Vendor Analysis
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