WEARABLE DIGITAL WALKIE-TALKIE MARKET ANALYSIS

1

• Coherent Market Insights
• Market Research and Business Consulting Services
• https//www.coherentmarketinsights.comWEARABLE
  DIGITAL WALKIE-TALKIE MARKET
• ANALYSIS

2
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.

3
Market Dynamics- Drivers

• 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.
• 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..

4
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

5
Figure 1 Global Wearable Digital
Walkie-Talkie Market Share () in terms of Value,
By Region, 2019
6

• 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.

7
Market Dynamics- Restraints

• 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.
• 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.

8
(No Transcript)
9
Market Opportunities

• 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.
• 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.

10
Figure 2 Global Wearable Digital Walkie-Talkie
Market Value (US Mn), 2017 - 2027
11
Market Trends

• 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.
• 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.

12
Key Developments

• 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.
• 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.

13

• Request Sample Report
• https//www.coherentmarketinsights.com/insight/req
  uest-sample/3893
• Request Customization
• https//www.coherentmarketinsights.com/insight/req
  uest-customization/3893
• Download PDF Brochure
• https//www.coherentmarketinsights.com/insight/req
  uest-pdf/3893
• Talk to Analyst
• https//www.coherentmarketinsights.com/insight/tal
  k-to-analyst/3893
• Reference
• https//www.coherentmarketinsights.com/market-insi
  ght/wearable-digital-walkie-talkie-market-3893

14
About Us

• Coherent Market Insights is a global market
  intelligence and consulting organization focused
  on assisting our plethora of clients achieve
  transformational growth by helping them make
  critical business decisions.
• What we provide
• Customized Market Research Services
• Industry Analysis Services
• Business Consulting Services
• Market Intelligence Services
• Long term Engagement Model
• Country Specific Analysis

15
Contact Us

• Mr. Shah
• Coherent Market Insights Pvt.Ltd.
• Address 1001 4th Ave, 3200 Seattle, WA 98154,
  U.S.
• Phone [phone]
• Email sales_at_coherentmarketinsights.com

16
Thank You!

• Kindly follow CMI Social Media Profiles for the
  latest company updates
• Facebook
• Linkedin
• Twitter
• https//www.coherentmarketinsights.com/