RUGGED DISPLAY MARKET ANALYSIS

Rugged Display MarketSize and Trends

The global rugged display market size was valued at US$ 9 billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 8.5% from 2023 to 2030. The global market for rugged displays is expected to experience considerable growth over the coming years. This is mainly due to the increasing demand for HMI and IoT devices in industrial settings. The cost savings offered by ruggedized products compared to consumer-grade devices in rough environments is also a key factor driving the market’s growth.

Global Rugged Display Market Trends:

Increasing demand in industrial, commercial and public sectors is a growing trend

Technology vendors are focusing on expansion of their product portfolios in order to expand their offering across various industries, as the demand for rugged display is increasing in industrial, public, and commercial sectors. For instance, in March 2021, Samsung expanded its rugged smartphone portfolio, as it launched the new Samsung Galaxy XCover 5. According to the company, this new products is designed for the factory and field to cater the requirements of growing mobile workforce. Thus, this trend is likely to continue in the global rugged display market over the forecast period.

Launch of latest technology-enabled devices by companies is a recent trend

Regardless of comparatively lower adoption of novel technologies by end users such as defense, market vendors are launching latest technology-enabled devices. This trend is expected to grow significantly in the global rugged display market over the forecast period. For instance, in October 2020, GTAC launched integrated LiFi technology. The new technology is powered by pureLiFi. Such activities by market players is driving the adoption of rugged display, which in turn is driving growth of the global market.

Figure 1: Global Rugged Display Market Share (%), By Region, 2022