Global Wearable Digital Walkie-Talkie Market Size, Trends & Growth Opportunity, By Product Type (Commercial Walkie-Talkie, Civil Walkie-Talkie, and Professional Walkie-Talkie), By End User (Commercial Application, Civil Applications, and Military), By Region and Forecast till 2027
Report ID : IR100417 | Industries : Energy & Power | Published On :May 2024 | Page Count : 238
Global Wearable Digital Walkie-Talkie Market Size, Trends & Growth Opportunity, By Product Type (Commercial Walkie-Talkie, Civil Walkie-Talkie, and Professional Walkie-Talkie), By End User (Commercial Application, Civil Applications, and Military), By Region and Forecast till 2027
Global Wearable Digital Walkie-Talkie Market
Global Wearable Digital Walkie-Talkie Market was valued at USD 6.07 billion in 2022 and is slated to reach at USD 9.81 billion by 2027 at a CAGR of 9.60% from 2022-2027.
Wearable digital walkie-talkie is a type of portable, hand-held, two-way radio transceiver which is equipped with a speaker and microphone. It is compact, battery operated and wearable transmitting and receiving communication device.
Market Drivers
Rise in disposable income is the key driving factor which is expected to boost the global wearable digital walkie-talkie market growth. Furthermore, increase in population especially in emerging economies like Asia Pacific will positively influence the market growth. Moreover, high growth of consumer electronics industry will propel the market growth. Rapidly growing consumer electronics industry across the globe especially in emerging economies like India and China is expanding rapidly. As per the India Brand Equity Foundation, the Indian appliance and consumer electronics market was valued at USD 10.93 billion in 2019, and it is expected to reach USD 21.18 billion by 2028. Evolution of consumer preference for connected devices will fuel the market growth during this analysis period.
Market Restraints
However, limited number of manufactures is the major challenging factor which is expected to hinder the global wearable digital walkie-talkie market growth. Also, stringent regulations regarding security will affect the market growth during this forecast period.
Impact of COVID-19
COVID-19 started in Wuhan (China) in December 2019 and has since quickly expanded throughout the world. In terms of confirmed cases and reported deaths, the US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are among of the nations that have been most severely impacted. Due to lockdowns, travel restrictions, and business closures, the COVID-19 has had an impact on the businesses and industries of numerous nations. The closure of several plants and factories has had a severe influence on the production of goods, delivery schedules, and sales of goods in the worldwide market. Only a few businesses have already warned of potential delivery delays and eventual sales declines. Additionally, the international travel prohibitions implemented by nations in Europe, Asia-Pacific,
Recent developments
The Microsoft Teams Walkie-Talkie functionality became available to all Android and iOS users in January 2022.
2022 January. Before the noise reaches the receiver, the noise-cancelling walkie-talkie radio, which has DSP chips and was introduced by Kickstarter, one of the top companies in the market, makes a digital replica of the noise. As a result, even in the noisiest surroundings, it is believed that the device can communicate more clearly.
Market Segmentation
Global Wearable Digital Walkie-Talkie Market is segmented into product type such as Commercial Walkie-Talkie, Civil Walkie-Talkie, and Professional Walkie-Talkie. Further, market is segmented into application such as Commercial Application, Civil Applications, and Military.
Regional Analysis
Also, Global Wearable Digital Walkie-Talkie Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as AWIRE Technology Corp., Theatro, STARNEX Co., Ltd, OrionLabs, Inc., and Others.
Market Taxonomy
By Product Type
• Commercial Walkie-Talkie
• Civil Walkie-Talkie
• Professional Walkie-Talkie
By Application
• Commercial Application
• Civil Applications
• Military
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Wearable Digital Walkie-Talkie Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry? • What will be the growth rate from 2022 to 202 7?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
"Global Wearable Digital Walkie-Talkie Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Wearable Digital Walkie-Talkie Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Wearable Digital Walkie-Talkie Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Wearable Digital Walkie-Talkie Market Share Analysis, By Product Type
5.3 Global Wearable Digital Walkie-Talkie Market Size and Forecast, By Product Type
5.3.1 Commercial Walkie-Talkie
5.3.2 Civil-Walki-Talkie
5.3.3. Professional Walkie-Talkie
6 Global Wearable Digital Walkie-Talkie Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Wearable Digital Walkie-Talkie Market Share Analysis, By Application
6.3 Global Wearable Digital Walkie-Talkie Market Size and Forecast, By Application
6.3.1 Commercial Application
6.3.2 Civil Application
6.3.3 Military
7Global Wearable Digital Walkie-Talkie Market, By Region
7.1 Global Wearable Digital Walkie-Talkie Market Share Analysis, By Region
7.2 Global Wearable Digital Walkie-Talkie Market Share Analysis, By Region
7.3 Global Wearable Digital Walkie-Talkie Market Size and Forecast, By Region
8North America Wearable Digital Walkie-Talkie Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America Wearable Digital Walkie-Talkie Market Share Analysis, By Product Type
8.3 North America Wearable Digital Walkie-Talkie Market Size and Forecast, By Application
8.4 North America Wearable Digital Walkie-Talkie Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9Europe Wearable Digital Walkie-Talkie Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe Wearable Digital Walkie-Talkie Market Share Analysis, By Product Type
9.3 Europe Wearable Digital Walkie-Talkie Market Size and Forecast, By Application
9.4 Europe Wearable Digital Walkie-Talkie Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10Asia Pacific Wearable Digital Walkie-Talkie Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific Wearable Digital Walkie-Talkie Market Share Analysis, By Product Type
10.3 Asia Pacific Wearable Digital Walkie-Talkie Market Size and Forecast, By Application
10.4 Asia Pacific Wearable Digital Walkie-Talkie Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11Latin America Wearable Digital Walkie-Talkie Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America Wearable Digital Walkie-Talkie Market Share Analysis, By Product Type
11.3 Latin America Wearable Digital Walkie-Talkie Market Size and Forecast, By Application
11.4 Latin America Wearable Digital Walkie-Talkie Market Size and Forecast, By Country
12Middle East Wearable Digital Walkie-Talkie Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East Wearable Digital Walkie-Talkie Market Share Analysis, By Product Type
12.3 Middle East Wearable Digital Walkie-Talkie Market Size and Forecast, By Application
12.4 Middle East Wearable Digital Walkie-Talkie Market Size and Forecast, By Country
13Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
15.1 AWIRE Technology Corp
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Theatro
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 STARNEX Co., Ltd
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 OrionLabs, Inc
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Others
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
"