The North America Rugged IC Market would witness market growth of 5.3% CAGR during the forecast period (2021-2027).
Silicon carbide is used to make rugged ICs since this semiconducting material can sustain high voltage and has a high thermal conductivity. Rugged ICs are considerably superior than standard ICs in terms of design and build quality, and hence deliver higher performance to electrical equipment. These advanced integrated circuits increase analogue and digital circuit efficiency and are widely employed in industries such as electronics, power generation, automobiles, and aerospace.
With modest investments in development, research, and testing, the Rugged IC sector is likely to provide moderate cash production in the next years. The rugged IC market, on the other hand, is nearing maturity and should provide modest revenue for important key market players in the future.
Several manufacturing companies across this region need to manage their factories and warehouses. These warehouses hold a wide range of valuable objects, parts, and raw materials that can be utilised in a variety of industrial processes, as well as machine maintenance and distribution. These, together with the finished goods, must be preserved in a well-organized manner at all times, with sufficient responsibility. Owing to this, the demand and growth of rugged IC market would witness a surge in the coming years.
The US market dominated the North America Rugged IC Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $262.3 million by 2027. The Canada market is expected to witness a CAGR of 7.7% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 6.7% during (2021 - 2027).
Based on Level, the market is segmented into Fully Rugged, Semi Rugged and Others. Based on End Use, the market is segmented into Consumer Electronics, Manufacturing, Healthcare, Industrial, Automotive and Others. Based on Application, the market is segmented into Mobile Phones, Tablets, Scanners and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Rugged IC Market is Estimated to reach $1.1 Billion by 2027, at a CAGR of 5.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Crystal Group, Inc., NXP Semiconductors N.V., Qualcomm, Inc., Honeywell International, Inc., Analog Devices, Inc., Infineon Technologies AG, STMicroelectronics N.V., Texas Instruments, Inc., MediaTek, Inc., and General Dynamics Corporation.
By Level
By End Use
By Application
By Country
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