Ruggedized-Industrial Computer Systems to Grow to $1.9 Billion
6/17/2004 - North American and Western European market demand for ruggedized/industrial computer systems is expected to grow at a compound annual growth rate (CAGR) of 4.4% between 2003 and 2006, according to a recent report by Venture Development Corporation, North American and Western European Market Demand for Ruggedized/Industrial Computer Systems.
Through the late 90s, Communications showed the greatest demand for ruggedized computer systems. However, this market segment underwent a well-documented contraction between 2000 and 2004. The Communications market segment is now beginning to recover, but growth expectations through 2006 remain modest at 4.5%.
The latest VDC research forecasts that Defense & Aerospace markets will experience the highest growth rates, climbing 5.0% through 2006. Factors driving demand in Defense and Aerospace applications include:
- The changing worldwide political environment, which has impacted defense budgets, particularly in regards to countries acquiring more weapons.
- Expanding use of computers, as controllers, in defense and aerospace systems.
About VDC
Founded in 1971, VDC is a technology market research and consulting firm that specializes in industrial and commercial electronics, computing, communications, software and power systems markets.
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