New York, NY -- (SBWIRE) -- 03/04/2016 -- Wearable digital walkie-talkie is a compact, wearable, battery-operated transmitting and receiving communication device. In this report, the global wearable digital walkie-talkie market is broadly segmented on the basis of application and region to get a clear understanding of the market.

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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The wearable digital walkie-talkie market has been segmented on the basis of application into general consumer applications and public institution applications. The general consumer segment is further sub-segmented into personal, in-store, tourism, commercial and training applications. On the other hand, public institution segment is further sub-segmented into military and law enforcement (police force & prison) applications. The general consumer segment is estimated to account for over 90% share of the global wearable digital walkie-talkie market by the end of 2015 and is expected to remain dominant throughout the forecast period. Various applications of wearable digital walkie-talkie devices such as store activity, commercial activity, training activity and personal activity are expected to drive their demand over the next five years. The public institution segment is estimated to account for over 9% share of the global wearable digital walkie-talkie market by the end of 2015.

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Key players identified in the global wearable digital walkie-talkie market are STARNEX Co., Ltd., OrionLabs, Inc., Theatro and AWIRE Technology Corp. Major participants, such as OrionLabs, Inc. (Formerly OnBeep) and Theatro, are focusing on increasing investment and funding on product development.

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