Wearable Digital Walkie-Talkie Market registering a CAGR of 32.6% between 2015 and 2021
Walkie-talkies have ruled the communication interface in several public and private business domains over the years. Having said that, the modern era of communication is highly sensitive to imperative advancement in technology. Coming-up of smartphones and other digital communication devices have surely hindered the market width of walkie-talkies. However, digitalization of most electronic products in the recent years have proven to be a boom for the overall electronic industry. Accordingly, the introduction of digital versions of walkie-talkies has certainly revived its plunging market. These new versions of walkie-talkies are available in various modules including wearable, hand-held and single piece head gears.
Walkie-talkies are undergoing a similar phase of establishing all-around connectivity like other electronic commodities such as televisions, phones and electronic home appliances. These new digital versions are well capable of supporting various businesses in their day-to-day operations and prove to be far more efficient in working compared to their analogue cousins. Further, the latest wearable versions of walkie-talkies are considered as necessary electronic devices and are unlikely to phase out anytime soon. Various businesses that require frequent workplace communication are heavily dependent on frequency based communication devices such as walkie-talkies. For instance, manufacturing plants, fire engines, mining holes and military and law enforcement need walkie-talkie for their daily operations. In addition, professionals who need to move constantly at their workplaces such as managers and supervisors in the construction and mining industry are ideal users of such wearable devices.
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Why Walkie-Talkies are Preferred over Smart Phones in Most Industries
Walkie-talkies are also called as Push-to-talk devices (PTT), situations arrive when we need instant and long lasting connective. Walkie-talkie serves the best at these situations when connecting to the other person is a press of buttons away, smartphones may prove to be difficult during the occurrence of such situations mostly signaling an emergency. Moreover, these devices are compact, durable and can withstand extreme working environments. The global wearable digital walkie-talkie market is expected to be valued at US$ 43.5 million by the end of 2021, registering a CAGR of 32.6% between 2015 and 2021.
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Novelty in Product
In the recent past, manufacturers have strongly focused on further product development and innovation more so to maintain a competitive edge in the market. Some of the latest technology introduced in these wearable walkie-talkies include touch screen interface, Wifi & Bluetooth connectivity, GPS tracking, and software and app upgrades. The aforementioned features significantly increase the utility base of the product allowing the user to have group communications, internet connectivity, data download and track and monitor other users. Further, manufacturers offer specifically designed applications for the device as per the requirement a business.
Recently it has been observed that manufacturers are taking wearable walkie-talkie technology to the next level by offering higher-end models that meet the user’s requirement. They are modified and specified accordingly to suit the working environment. Moreover, businesses across the globe are switching to digital walkie-talkie from analogue walkie-talkie systems. For example, The Container Store Group, Inc. provided ‘Theatro wearables’ up to 3,000 of its employees in order to improve in-store communication.
Key players in the global wearable digital walkie-talkie market that have been covered in the report are STARNEX Co., Ltd., OrionLabs, Inc., Theatro and AWIRE Technology Corp.