Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Market Overview

A walkie-talkie is a hand-held, portable, 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 communication 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 namely North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The global Wearable Digital Walkie-Talkie Market was accounted for US$ 11, 44.6 Mn in terms of value and 8,805 Thousand units in terms of volume in 2019 and is expected to grow at CAGR of 31.9% for the period 2020-2027.

Market Dynamics- Drivers

  1. Increased disposable income is expected to drive growth of the wearable digital walkie-talkie market during the forecast period

Rising disposable income and global consumer expenditure is the major factor boosting the demand for digital walkie-talkies. Furthermore, growing population, especially in emerging economies such as Asia Pacific is expected to drive growth of the global wearable digital walkie-talkie market during the forecast period.

  1. High growth of consumer electronics industry is expected to propel the global wearable digital walkie-talkie market growth over the forecast period

Consumer electronics industry across the globe, especially in emerging economies such as India and China is expanding rapidly. According to the India Brand Equity Foundation (IBEF), the Indian appliance and consumer electronics market was valued at US$ 10.93 billion in 2019 and is expected to reach US$ 21.18 billion by 2028. Evolution of consumer preference for connected devices is boosting the demand for the wearable digital walkie-talkie. Hence, these factors are expected to hinder the global wearable digital walkie-talkie market growth in the near future.

Statistics:

North America held dominant position in the global Wearable Digital Walkie-Talkie market in 2019, accounting for 36.9% share in terms of value, followed by Europe and Asia Pacific, respectively

Figure 1: Global Wearable Digital Walkie-Talkie Market Share (%) in terms of Value, By Region, 2019

Wearable Digital Walkie-Talkie  | Coherent Market Insights

Wearable Digital Walkie-Talkie Market - Impact of Coronavirus (Covid-19) Pandemic

Many countries around the globe such as India, Spain and Italy have imposed nationwide lockdown. For Instance, India have imposed lockdown from 25 March to 1 June till the further notice. In this lockdown retail shops and Cinema halls in the malls will remain closed. The Digital Walkie-Talkie are widely used in the retail shops and Cinema halls for communication.  Moreover the Digital Walkie-Talkie are widely used Hospitality Industry. Various governments around the globe such as Indian Government shut down the all the Hotels and Restaurants during the Lockdown. Owing to the above mentioned factors, the COVID-19 is expected to restrain the growth of the market in the year 2020.

Market Dynamics- Restraints

  1. Limited number of manufacturers is expected to hinder the global wearable digital walkie-talkie market growth over the forecast period

The wearable digital walkie-talkie market is at a nascent stage and currently, only a few players exist in the global wearable digital walkie-talkie market, i.e. STARNEX Co., Ltd., OrionLab, Inc., Theatro, AWIRE Technology Corp., etc. Thus, these factors are expected to hinder the global wearable digital walkie-talkie market growth in the near future.

  1. Stringent regulations regarding security are expected to hamper the global wearable digital walkie-talkie market growth during the forecast period

Wearable digital walkie-talkie technology needs further advancements and tweaking to develop a proper control system that will ensure security. Currently, the security system of these walkie-talkies has a few loop holes, especially when it comes to group administration. Therefore, these factors are expected to hamper the market growth over the forecast period.

Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 1,144.6 Million
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 31.9% 2027 Value Projection: USD 9,373.9 Million
Geographies covered:
  • North America: U.S.,Canada.
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East and Africa: South Africa, North Africa, Central Africa
Segments covered:
  • By Application: General Consumer (Personal Activity, Store Activity, Tourism Activity, Commercial Activity and Training Activity) and Public Institution (Military Use and Law Enforcement)
Companies covered (18):

AWIRE Technology Corp., STARNEX Co., Ltd., Theatro, and OrionLabs, Inc.

Growth Drivers:
  • Increased disposable income
  • High growth of consumer electronics industry 
Restraints & Challenges:
  • Limited number of manufacturers

Market Opportunities

  1. Rising demand for hands-free wearable digital walkie-talkie can present lucrative growth opportunities

Adoption of hands-free walkie-talkies is the latest trend in the market. A wearable walkie-talkie allows users to have their hands free to perform other tasks. Companies such as Starnex, Orion, formerly OnBeep & Theatro, are focused on manufacturing hands-free walkie-talkies. These devices are finding application in stores, for sporting events, trekking, and mountaineering, etc.

  1. Growing emphasis on low radio frequency usage to avoid regulatory restrictions

Functional dependence on radio frequencies makes use of walkie-talkies restricted to particular countries, as regulations differ for each country. Companies such as Orion are selling their products in specific countries such as the U.S. and Canada only, due to the same regulatory reason.

Figure 2: Global Wearable Digital Walkie-Talkie Market Value (US$ Mn), 2017 - 2027

Wearable Digital Walkie-Talkie  | Coherent Market Insights

The global Wearable Digital Walkie-Talkie market was valued at US$ 1,144.6 Mn in 2019 and is forecast to reach a value of US$ 9,373.8 Mn by 2027 at a CAGR of 31.9% between 2020 and 2027.

Market Trends

  1. North America Trends

Increasing number of market players

The number of wearable digital walkie-talkie manufacturers is steadily increasing in the North America region, especially the U.S., due to high demand for advanced technological products. Key companies involved in the regional market are Orion, Inc., Theatro, and AWIRE Technology Corp.

Growing demand for in-store communication devices

There is a high demand for in-store communication devices, especially in retail outlets. For instance, in 2013, The Container Store deployed wearable communication technology by Theatro for in-store communications.

  1. Latin America Trends

High growth of regional consumer electronics market

The Latin America consumer electronics market is expanding rapidly, which in turn, is boosting the demand for wearable digital electronic devices. Countries such as Brazil and Mexico are the main contributors to market growth in this region.

Slow rate of adoption as compared to other regions

Latin America represented a small share in the global wearable digital walkie-talkie market in comparison to other regions over the past few years. The adoption rate in this region is slow due to high product pricing.

Competitive Section

Major companies operating in the global wearable digital walkie-talkie market are AWIRE Technology Corp., STARNEX Co., Ltd., Theatro, and OrionLabs, Inc.

Key Developments

  1. Major companies in the market are focused on product launches, in order to enhance the market presence. For instance, in January 2018, OrionLabs, Inc. introduced App Talk, a new button feature that turns Orion mobile application into a walkie-talkie app.
  2. Key players in the market are involved in product development, in order to gain a competitive edge in the market. For instance, in July 2018, OrionLabs, Inc. introduced real-time voice communications for public safety.

A walkie-talkie is a hand-held, portable, 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 communication 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 namely North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Dynamics

Rising disposable income and global consumer expenditure is the major factor boosting the demand for digital walkie-talkies. Furthermore, growing population, especially in emerging economies such as Asia Pacific is expected to drive growth of the global wearable digital walkie-talkie market during the forecast period. Consumer electronics industry across the globe, especially in emerging economies such as India and China is expanding rapidly. According to the India Brand Equity Foundation (IBEF), the Indian appliance and consumer electronics market was valued at US$ 10.93 billion in 2019 and is expected to reach US$ 21.18 billion by 2028. Evolution of consumer preference for connected devices is boosting the demand for the wearable digital walkie-talkie. Hence, these factors are expected to hinder the global wearable digital walkie-talkie market growth in the near future.

Market Taxonomy

This report segments the Wearable Digital Walkie-Talkie Market on the basis of Application and Region. On the basis of Application, Wearable Digital Walkie-Talkie Market is segmented into General Consumer (Personal Activity, Store Activity, Tourism Activity, Commercial Activity and Training Activity) and Public Institution (Military Use and Law Enforcement On the basis of region, Wearable Digital Walkie-Talkie Market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.

Key features of the study:

  • This report provides an in-depth analysis of the Wearable Digital Walkie-Talkie Market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the 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
  • Key companies covered in the Wearable Digital Walkie-Talkie Market includes AWIRE Technology Corp., STARNEX Co., Ltd., Theatro, and OrionLabs, Inc.
  • These key market players are focusing on collaboration strategy 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 marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
  • The 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 Wearable Digital Walkie-Talkie Market

Detailed Segmentation:

  • Wearable Digital Walkie-Talkie Market, By Application:
    • General Consumer
      • Personal Activity
      • Store Activity
      • Tourism Activity
      • Commercial Activity
      • Training Activity
    • Public Institution
      • Military Use
      • Law Enforcement
  • Wearable Digital Walkie-Talkie Market, By Region:
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East and Africa
  • Company Profiles
    • AWIRE Technology Corp.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • STARNEX Co., Ltd.
    • Theatro
    • OrionLabs, Inc.

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Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, BY Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • SAN Type Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Wearable Digital Walkie-Talkie Market, BY Application, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Application Trends
    • General Consumer
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
        • Personal Activity
        • Store Activity
        • Tourism Activity
        • Commercial Activity
        • Training Activity
    • Public Institution
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
        • Military Use
        • Law Enforcement
  5. Global Wearable Digital Walkie-Talkie Market, By Region, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, Application, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, Application, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, Application, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, Application, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, Application, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  6. Competitive Landscape
    • Company Profiles
      • AWIRE Technology Corp.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • STARNEX Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Theatro
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • OrionLabs, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  7. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse market data tables and figures on “Global Wearable Digital Walkie-Talkie Market -forecast to 2027”.

Frequently Asked Questions

The global market for Wearable Digital Walkie-Talkie is expected to reach USD 2429.7 Million by 2022.
High growth of consumer electronics industry is expected to propel the global wearable digital walkie-talkie market growth over the forecast period.
General Consumer sub-segment holds the largest market share among Application segment contributing 91.2% market share in terms of value in 2019.
North America region hold the largest share in the global Wearable Digital Walkie-Talkie market in 2019, accounting for 36.9% share in terms of value.
Key players operating in the global Wearable Digital Walkie-Talkie market are AWIRE Technology Corp., STARNEX Co., Ltd., Theatro, and OrionLabs, Inc.
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