Technology & Telecommunications

According to a market report by Lucintel, the future of the rugged IC market looks promising with opportunities in the automotive, consumer electronic, healthcare, industrial, and manufacturing end use industries. The global rugged IC market is expected to reach an estimated $0.8 billion by 2028 with a CAGR of 6.5% from 2023 to 2028. The major drivers for this market are increasing need for reliable electric equipment in aerospace and military application and increasing adoption of IoT devices.



In this market, mobile phones, tablets, and scanners are the major segments by application. Lucintel forecast that mobile phones will remain the largest application segment over the forecast period due to on-going technological advancements and increasing adoption of rugged IC by smartphone manufacturers.



Within this market, consumer electronics segment is expected to witness the highest growth due to increasing demand for consumer electronics, like mobile phones and scanners, and increasing investment by consumer electronic manufacturers to develop technologically advanced products.



North America is expected to witness the highest growth during the forecast period due to growing demand from the defense sector and increasing oil and gas production in the region.

General Dynamics, Crystal Group, Richtek Technology Corporation, Qualcomm, Honeywell International, Infineon Technologies AG, Analog Devices, NXP Semiconductors, Texas Instruments, and STMicroelectronics are the major suppliers in the global rugged IC market.  



Lucintel, a leading global strategic consulting and market research firm, has analysed growth opportunities in the global rugged IC market by application, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Rugged IC Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global rugged IC market by application, end use industry, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the rugged IC market by application (mobile phones, tablets, and scanners), end use industry (automotive, consumer electronics, healthcare, industrial, and manufacturing), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?