According to the latest research report by The Insight Partners Military Rugged Display market was valued at US$ 1,699.42 million in 2021 and is projected to reach US$ 2,680.85 million by 2028; it is expected to grow at a CAGR of 7.0% from 2021 to 2028.
Rising demand for convenience foods to drive Military Rugged Display market growth at CAGR of 4.3% during 2019-2027
North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America are the five main geographic regions that make up the military rugged display market (SAM). During the projected period, North America is anticipated to account for the biggest market share. The increasing use of cutting-edge military rugged displays and significant government spending in the US defense industry are the main factors driving the military rugged display market expansion in this region.
Other factors driving the market expansion in North America include the existence of significant market players like Aydin Displays, Curtiss-Wright Corp., and General Micro Systems Inc., as well as a decline in total cost of ownership (TCO). Additionally, APAC is anticipated to have the greatest CAGR growth for the military rugged display market. Military aircraft modernization activities are intensifying and defense budgets are rising, which are the main drivers of growth.
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Impact of COVID-19 Pandemic on Military Rugged Display Market
The latest COVID-19 pandemic outbreak is having a negative impact on the planet and is still destroying several nations. Prior to the outbreak, the defense industry was expanding significantly in terms of production and services; now, the crisis is interfering with the manufacture of defense equipment and the supply chain.
The market for Military Rugged Display is concentrated with some very well-established players. Some of the key players in the Military Rugged Display Market include
- Advanced Embedded Solutions Ltd
- Assured Systems Ltd
- Aydin Displays
- Crystal Group, Inc.
- General Digital Corporation
- Hatteland Technology AS
- Neuro Logic Systems, Inc.
- Winmate Inc.
- ZMicro, Inc.
- CP Technologies LLC
Military Rugged Display Market is Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America
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