New York City, New York, Dec 02, 2015: According to a market study, recently published by Persistence Market Research (PMR), the global wearable digital walkie-talkie market is likely to reach US$8 mn by the end of 2015. Analysts project the market to expand at an exceptional CAGR of 32.60% during the period from 2015 to 2021 and attain a market value of US$43.5 mn by the end of the forecast period.
The research report, titled “Global Market Study on Wearable Digital Walkie-Talkie: Asia-Pacific to Witness Highest Growth by 2021” also states that the global market for wearable digital walkie-talkie will reach a size of 80.0 thousand units in 2015 and will further rise at a CAGR of 37.60% between 2015 and 2021 to arrive at a size of whopping 543.2 thousand units.
The report discusses about the performance of the global market for wearable digital walkie-talkie, emphasizing on the existing as well as upcoming trend of this market. The rise in the disposable income has fueled the wearable electronics and gadgets market. Wearable digital walkie-talkie, being one of the most sought-after digital gadgets, has been immensely benefited from this emerging trend. The expansion of the organized retail sector has also added to the growth of the global market for wearable digital walkie-talkie, cites the report.
General consumer and public institutions are the two major end users of wearable digital walkie-talkie, the report states. General consumers use wearable digital walkie-talkie in in-store, personal commercial, tourism, and training activities. Whereas, public institutions use wearable digital walkie-talkie in law enforcement and military activities.
The general consumer segment occupies more than 90% of the global market, capturing the leading position. Analysts expect the segment to retain its dominance over the forecast period. On the other hand, the public institution segment is likely to hold just a little more than 9.0% of the global market for wearable digital walkie-talkie during the period of forecast, states the market study.
North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa are the major regional markets for wearable digital walkie-talkie. The North America market for wearable digital walkie-talkie has been the leader among the regional markets. By the end 2015, this regional market is likely to hold more than 67% of the overall market. While, the wearable digital walkie-talkie market in Europe is likely to account for 15% of the global market, occupying the second position in 2015. Asia Pacific is anticipated to follow Europe with just 8% of the overall market for wearable digital walkie-talkie over the forecast period.
STARNEX Co. Ltd., Theatro, OrionLabs Inc., and AWIRE Technology Corp. are the key participants operating in the global wearable digital walkie-talkie market, mentioned in this report. Increasing investment for product development is the latest trend among market players, reports the market study.
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The research report, titled “Global Market Study on Wearable Digital Walkie-Talkie: Asia-Pacific to Witness Highest Growth by 2021” also states that the global market for wearable digital walkie-talkie will reach a size of 80.0 thousand units in 2015 and will further rise at a CAGR of 37.60% between 2015 and 2021 to arrive at a size of whopping 543.2 thousand units.
The report discusses about the performance of the global market for wearable digital walkie-talkie, emphasizing on the existing as well as upcoming trend of this market. The rise in the disposable income has fueled the wearable electronics and gadgets market. Wearable digital walkie-talkie, being one of the most sought-after digital gadgets, has been immensely benefited from this emerging trend. The expansion of the organized retail sector has also added to the growth of the global market for wearable digital walkie-talkie, cites the report.
General consumer and public institutions are the two major end users of wearable digital walkie-talkie, the report states. General consumers use wearable digital walkie-talkie in in-store, personal commercial, tourism, and training activities. Whereas, public institutions use wearable digital walkie-talkie in law enforcement and military activities.
The general consumer segment occupies more than 90% of the global market, capturing the leading position. Analysts expect the segment to retain its dominance over the forecast period. On the other hand, the public institution segment is likely to hold just a little more than 9.0% of the global market for wearable digital walkie-talkie during the period of forecast, states the market study.
North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa are the major regional markets for wearable digital walkie-talkie. The North America market for wearable digital walkie-talkie has been the leader among the regional markets. By the end 2015, this regional market is likely to hold more than 67% of the overall market. While, the wearable digital walkie-talkie market in Europe is likely to account for 15% of the global market, occupying the second position in 2015. Asia Pacific is anticipated to follow Europe with just 8% of the overall market for wearable digital walkie-talkie over the forecast period.
STARNEX Co. Ltd., Theatro, OrionLabs Inc., and AWIRE Technology Corp. are the key participants operating in the global wearable digital walkie-talkie market, mentioned in this report. Increasing investment for product development is the latest trend among market players, reports the market study.
About Us
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
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