Explosion Proof Mobile Device Market: Demand Analysis and Growth Forecast
As per Global System for Mobile Communications, mobile industry contribution to GDP will grow to $3.7 trillion by 2020, with around 1 billion new subscribers. With an increasing rate of mobile phone users, the number of explosions have also soared due to improper usage of mobile phone as it has lithium batteries. Lithium-ion batteries power most of the portable devices, but occasionally there can be problems that can make batteries catch fire. But the usage of triphenyl phosphate along with lithium-ion batteries now enables quick self-extinguishes, and are now present in every laptop, smartphones, tablets, and transmitters. Explosion proof mobile phone device is a certain category of computing and communicating devices that are designed specifically for hazardous prone areas, and so, the explosion proof mobile devices market is flourishing.
A newly compiled market research report from IndustryARC titled “Explosion Proof Mobile Devices Market: By Products (Smartphones, Tablets, Cameras, Access Points Others), By Industry Verticals (Oil & Gas, Mining, Pharmaceutical, Chemical, Others), By Geography – Forecast (2018 - 2023)”. The analyst valued the global explosion proof mobile device market at $400 million to $450 million and is estimated to grow at a CAGR of 7 to 8 % through to 2025.
Browse 51 Market Tables, 176 Figures spread through 132 slides and an in-depth TOC “Explosion Proof Mobile Devices Market (2019 - 2025)”
Explosion Proof Mobile Device Market: Leading Segment
Due to the evolution in the electronics sector, the explosion proof mobile device market has had a significant impact. Use of mobile phone is increasing rapidly and that has rigorously increased the testing of mobile devices in the field and outside the field as well. Europe follows ATEX and IEC standards. As per the International Association for Oil and Gas Producers, Europe produces 25% of the oil and 49% of the gas it uses, which balances the region’s production of oil or gas against its indigenous demand. Demand for Oil and Gas has been rising for a few years in Europe and the estimated application CAGR of explosion proof mobile device market is expanding at a CAGR of 3 to 4% through to 2025. Furthermore, Europe is the leading region with the explosion proof mobile device market share of around 30%.
Explosion Proof Mobile Devices Market: Market Trends
The draconian EHS laws primarily drive the explosion proof mobile devices market. The oil and gas sector has witnessed a stringent growth due to substantial reserves in emerging countries. In general, the industries such as chemical, dry cleaning, and textile mills are hazardous and vulnerable to the dangers of mobile explosion. However, communication is necessary in the industry. So, the mobile devices are an indispensable part of these industries. Now, this demand from the humongous industrial sector is creating an explosion proof mobile marketplace.
In the recent times, Samsung Galaxy Note 7 was exploding quite often, which was then discontinued and people started purchasing other android phablet smartphones. The major reason behind the explosion was the device’s battery getting overheated and subsequently, catching fire. The mobile phone had overhauled the testing procedure. Subsequently, the other companies in the explosion proof mobile devices market started using TPP along with the lithium-ion batteries. This largely helped the industry to get back to the growing position as the pre-demands were extremely high and broke many records.
Explosion Proof Mobile Device Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global explosion proof mobile devices market are Caterpillar, Rug Gear, Sonim Technologies, Bartec, Getac, Xciel, R. Stahl, i. safe, Airacom, Cooper Crouse Hinds, and JFE Engineering.
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Explosion Proof Mobile Communication Devices Market: By Products (Smartphones, PDAs, Laptops, Access Points, Antennas); By Industry (Oil & Gas, Mining, Manufacturing, Pharmaceutical) - Forecast(2018 - 2023)
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