The global wearable digital walkie-talkie market is projected to grow remarkably in the coming few years. In terms of value, the global wearable digital walkie-talkie market will expand at a marked CAGR of 32.60% during the forecast period from 2015 to 2021. By the end of 2015, the global wearable digital walkie-talkie market was projected to account for US$8.0 mn and by the end of the forecast period, it is projected to account for US$43.5 mn.

Read Full Report: http://www.persistencemarketresearch.com/market-research/wearable-digital-walkietalkie-market.asp

In terms of volume, the global wearable digital walkie-talkie market is expected to progress at an impressive 37.60% CAGR during the forecast period. By 2015, the global wearable digital walkie-talkie market was expected to record 80.0 thousand units and by 2021, it is projected to record 543.2 thousand units.

Several factors will drive the global wearable digital walkie-talkie market in the foreseeable future. Here are the key trends shaping the global wearable digital walkie-talkie market.

Key Drivers of Global Wearable Digital Walkie-Talkie Market

  • Increasing Disposable Income: With the growing disposable income levels in both developed and developing nations, the spending power of consumers has increased. The trend of increasing disposable incomes is projected to benefit the overall wearable digital walkie-talkie market. In North America, the purchasing power of consumers is high and this is one of the factors driving the North America market for wearable digital walkie-talkie devices. North America is the leading regional segment in the global wearable digital walkie-talkie market and was projected to hold a share of 67% by the end of 2015.

  • Expanding Wearable Electronics Segment: The demand for wearables is on the rise. The global wearable technology market is valued at around US$20 bn currently and is projected to be more than US$65 bn by the end of 2025. The expanding wearable electronics segment, in turn, will drive the global wearable digital walkie-talkie market.

  • Growing Organized Retail Sector: The organized retail sector is witnessing significant growth in emerging economies. Furthermore, retailers in several regions of the world are becoming more globalized, causing a decline in the percentage of the unorganized retail sector in developing nations. This trend is projected to benefit the global wearable digital walkie-talkie market in the coming few years. Hence, Asia Pacific is projected to expand fastest in the global wearable digital walkie-talkie market during the forecasting horizon.

  • Rising Popularity of Wearable Digital Walkie-Talkies: The popularity and use of wearable digital walkie-talkie devices is growing in several segments. By application, the global wearable digital walkie-talkie market is segmented into general consumer (training activity, commercial activity, tourism activity, personal activity, and store activity) and public institution (law enforcement and military use). The demand for hands-free wearable digital walkie-talkie devices is growing. Furthermore, the consumer preference for small-sized wearable digital walkie-talkie devices is also rising.

Get Sample Report: http://www.persistencemarketresearch.com/samples/6682

Presently, the general consumer segment dominates the market and it was projected that this segment would hold a 90% share in the global wearable digital walkie-talkie market by 2015. Players in the global wearable digital walkie-talkie market are focusing on product innovation. The global wearable digital walkie-talkie market is dominated by a handful of companies. These include: AWIRE Technology Corp., Orion Labs, Inc. (Formerly OnBeep), STARNEX Co., Ltd., and Theatro.