Wearable Digital Walkie Talkie Market, By Application (General Consumer and Public Institution ), By Geography

The global wearable digital walkie talkie market was valued at US$ 1.66 Bn in 2022, and is expected to exhibit a CAGR of 26.0% during the forecast period from 2023 to 2030.

Global Wearable Digital Walkie Talkie Market Share (%), By Region, 2022

A walkie-talkie is a hand-held, portable, and two-way radio transceiver, which is equipped with a microphone and speaker. A wearable digital walkie-talkie is a compact, battery-operated, and wearable transmitting and receiving communicating device. It is used for various applications including personal activity, commercial activity, store activity, training activity, tourism activity, military, and law enforcement. The global wearable digital walkie-talkie market focuses on five regions, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Dynamics

Rising disposable income and global consumer expenditure are the major factors boosting the demand for digital walkie-talkies. Furthermore, growing population, especially in the emerging economies, such as Asia Pacific, is expected to drive the growth of the global wearable digital walkie-talkie market during the forecast period. The consumer electronics industry across the globe, especially in emerging economies, such as India and China, is expanding rapidly. According to India Brand Equity Foundation (IBEF), the India-based appliance and consumer electronics market is expected to reach US$ 21.18 billion by 2028. Evolution of consumer preference for connected devices is boosting the demand for wearable digital walkie-talkies. Hence, these factors are expected to hinder the global wearable digital walkie-talkie market growth in the near future.

Key features of the study:

• This report provides an in-depth analysis of the global wearable digital walkie-talkie market and provides market size (US$ Billion) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by leading players
• It profiles leading players in the global wearable digital walkie-talkie market based on the following parameters - regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• The key companies covered in the global wearable digital walkie-talkie market include AWIRE Technology Corp., STARNEX Co., Ltd., Theatro, and OrionLabs, Inc.
• These key market players are focusing on collaboration strategies with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers
• Insights from this report would allow market players and management authorities of companies to make informed decisions regarding future product launches, technology up-gradation, market expansion, and marketing tactics
• The global wearable digital walkie-talkie market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global wearable digital walkie-talkie market

Detailed Segmentation

• By Application:
  • General Consumer
  • Personal Activity
  • Store Activity
  • Tourism Activity
  • Commercial Activity
  • Training Activity
  • Public Institution
  • Military Use
  • Law Enforcement
• By Region:
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles
  • AWIRE Technology Corp.
  • STARNEX Co., Ltd.
  • Theatro
  • OrionLabs, Inc.