Lucintel's latest market report analyzed that rugged IC provides attractive opportunities in the automotive, consumer electronic, healthcare, industrial, and manufacturing end use industries. The rugged IC market is expected to reach $0.8 billion by 2028 with a CAGR of 6.5%. In this market, mobile phones is the largest segment by application, whereas consumer electronics is largest by end use industry.
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Based on application, the rugged IC market is segmented into mobile phones, tablets, and scanners. The mobile phones segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to on-going technological advancements and increasing adoption of rugged IC by smartphone manufacturers.
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The Rugged IC Market is marked by the presence of several big and small players. Some of the prominent players offering rugged IC include General Dynamics, Crystal Group, Richtek Technology Corporation, Qualcomm, Honeywell International, Infineon Technologies AG, Analog Devices, NXP Semiconductors, Texas Instruments, and STMicroelectronics.
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