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Wearable Digital Walkie Talkie Market To Surpass US$ 9.77 Bn By 2030

Wearable Digital Walkie Talkie Market To Surpass US$ 9.77 Bn By 2030 - Coherent Market Insights

Publish In: Sep 05, 2023

Global Wearable Digital Walkie Talkie Market, By Application (General Consumer (Personal Activity, Store Activity, Tourism Activity, Commercial Activity and Training Activity) and Public Institution (Military Use and Law Enforcement)), and By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Forecast to 2030 is expected to be valued at US$ 9.77 Billion by 2030, exhibiting a CAGR of 26.0% during the forecast period (2023-2030), as highlighted in a report published by Coherent Market Insights.

A wearable digital walkie-talkie is a compact, battery-operated communication device that can both send and receive data. It finds applications across various sectors, including personal use, commercial activities, retail operations, training exercises, tourism, military operations, and law enforcement. The rapid growth of the consumer electronics industry stands out as a significant driver propelling the wearable digital walkie-talkie market's expansion. This surge in consumer electronics is anticipated to boost the global wearable digital walkie-talkie market in the foreseeable future.

However, it's important to note that wearable digital walkie-talkie technology requires ongoing refinements and enhancements, particularly in terms of establishing a robust security control system. Presently, the security aspects of these walkie-talkies have certain vulnerabilities, especially concerning group administration. Consequently, these factors are expected to pose challenges to market growth during the forecast period.

Global wearable digital walkie talkie market was valued for US$ 1.94 Bn in 2023, is expected to exhibit a CAGR of 26.0% during the forecast period (2023 to 2030).

Global Wearable Digital Walkie Talkie Market - Key Developments

  1. In January 2022, Kickstarter launched the noise-cancelling walkie-talkie radio, which is equipped with DSP chips. As a result, it is thought that the device can communicate more clearly even in the noisiest environment.
  2. In Oct 2020, Relay Robotics introduced Relay+, a next-generation enterprise model designed to provide today's frontline, deskless workforce with a simple and powerful communication solution.

Wearable Digital Walkie-Talkie Market 

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

COVID-19 has significantly disrupted almost all industries including infrastructure, retail, manufacturing, power and utility, and others. To combat the COVID-19 pandemic, most countries have implemented lockdowns and are now easing them, phase-wise and industry wise. The COVID-19 pandemic led to the shut down the production of various products in the manufacturing and utility industries globally, owing to the prolonged lockdown in major countries across the globe. However, to maintain security the need for wearable walkie talkie is expected increase over the forecast period.

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Browse 150 market data tables* and 90 figures* on “Global Wearable Digital Walkie Talkie Market - Global Forecast to 2030”                          

Key Trends and Analysis of the Global Wearable Digital Walkie Talkie Market:

  • A prominent trend in the wearable digital walkie-talkie market is the increasing integration of advanced technologies and features into these communication devices. Many wearable walkie-talkies are becoming smarter, with features such as GPS tracking, voice recognition, and text messaging. These additions enhance their utility in various applications, including outdoor activities and emergencies. Manufacturers are designing wearable walkie-talkies to be more durable and rugged, ensuring they can withstand harsh environmental conditions and physical impacts. This makes them suitable for outdoor and industrial use. Some wearable walkie-talkies are designed to integrate seamlessly with other wearable technology, such as smartwatches or fitness trackers. This allows users to access communication functions without needing a separate device. The key
  • Further, There's a trend toward more compact and lightweight designs, making wearable walkie-talkies easier to carry and wear for extended periods. This is especially important for users in active pursuits like hiking and sports. Battery life is a critical factor for wearable devices. The trend is toward improved energy efficiency, resulting in longer-lasting batteries, which is essential for users who depend on these devices in remote or emergency situations.
  • Market 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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