Coronavirus's Impact on the Wearable Digital Walkie-Talkie Market

 Market Overview

A walkie-talkie is a two-way radio transceiver with a microphone and speaker that may be carried in one's pocket. A wearable digital walkie-talkie is a small, battery-operated, and wearable communication device that transmits and receives data. It's used for a variety of purposes, including personal activity, commercial activity, retail activity, training activity, tourism activity, military action, and law enforcement. North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa account for the majority of the global wearable digital walkie-talkie market.


In 2019, the global Wearable Digital Walkie-Talkie Market was valued at US$ 11, 44.6 million, with 8,805 thousand units sold, and is predicted to increase at a CAGR of 31.9 percent from 2020 to 2027..

Market Dynamics- Drivers

  2. During the projected period, increased disposable income is expected to boost growth in the wearable digital walkie-talkie market.
  3. The demand for digital walkie-talkies is being boosted by rising disposable income and global consumer expenditure. Furthermore, population increase, particularly in emerging nations such as Asia Pacific, is likely to propel the global wearable digital 
    4.  walkie-talkie market during the forecast period.
  1. Over the projected period, the global wearable digital walkie-talkie market is expected to rise due to the high expansion of the consumer electronics industry.

The consumer electronics business is quickly developing around the world, particularly in rising economies like India and China. The Indian appliance and consumer electronics market was valued at US$ 10.93 billion in 2019 and is predicted to reach US$ 21.18 billion by 2028, according to the India Brand Equity Foundation (IBEF). The demand for wearable digital walkie-talkies is increasing as customer preferences for linked devices evolve. As a result, these challenges are likely to slow the growth of the global wearable digital walkie-talkie market in the near future.

Statistics:

In terms of value, North America dominated the global Wearable Digital Walkie-Talkie market in 2019, with a 36.9% share, followed by Europe and Asia Pacific, respectively.

Coronavirus's Impact on the Wearable Digital Walkie-Talkie Market (Covid-19) Pandemic

Many countries, like India, Spain, and Italy, have instituted statewide curfews. For example, India has enforced a curfew from March 25 to June 1 till further notice. During the lockdown, retail stores and movie theatres in malls will be shuttered.The Digital Walkie-Talkie is frequently utilised for communication in retail stores and movie theatres. In addition, the Hospitality Industry makes extensive use of digital walkie-talkies. During the lockdown, various governments around the world, including the Indian government, shut down all hotels and restaurants. Because of the aforementioned concerns, the COVID-19 is likely to slow the market's growth.

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