Market Research Future (MRFR) has published a cooked research report on the “Global SexTech Market” that contains the information from 2019 to 2032.
The Global SexTech Market is estimated to register a CAGR of 17.21% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the Global SexTech Market - Fleshlight (US), Hot Octopuss (UK), Tenga Co., Ltd. (Japan), Kiiroo (Netherlands), Mysteryvibe (UK), Lovense (China), Lelo (Sweden), OhMiBod (US), We-Vibe (Canada), Satisfyer (Germany)
Market Highlights
The Global SexTech Market is expected to register a CAGR of 17.21% during the forecast period and is estimated to reach USD 113.4 billion by 2032.
The Global SexTech Market is distinguished by the presence of numerous regional and local players catering to the Global SexTech Market. Furthermore, the higher adoption of SexTech devices to treat various sexual disorders and increasing funding and investment is the major factor driving the growth of the global SexTech market. Additionally, it is also projected virtual and augmented reality experiences will boost the market's growth in the upcoming future.
Access full report @ https://www.marketresearchfuture.com/reports/sextech-market-21419
Segment Analysis
The Global SexTech Market has been segmented based on product, gender, and distribution channel.
Based on product, the global Sextech market has been segmented into Bluetooth-enabled sex toys, multiple erogenous zone massagers, VR porn, sex robots, sexual wellness platform, and others. The Bluetooth-enabled sex toys segment held the largest market in 2023, and the VR porn segment is the fastest growing segment during the forecast period. Bluetooth-enabled sex toys further segmented into wireless vibrators, smart masturbators, premature ejaculation devices, app-controlled couples’ toys, and others. Sex Robots is further segmented into humanoid robots, and non-humanoid robots.
Rise in e-commerce platforms has facilitated discreet and easy access to Bluetooth-enabled sex toys, expanding the customer base, especially in conservative regions and integration of Bluetooth technology allows for remote control via mobile apps, enhancing user experience by providing more control, customization and features such as long-distance intimacy.
Based on gender, the global SexTech market has been segmented into male and female. The male segment held the largest market share in 2023 and the female segment is the fastest-growing segment during the forecast period. Increasing awareness and focus on male sexual health issues, including erectile dysfunction, low libido and overall sexual performance, is leading men to seek tech-enabled solutions such as sexual health apps, performance enhancers, and educational platforms. Men are increasingly viewing sexual wellness as a part of their wellbeing, making them more open to exploring products and services that improve not just sexual performance, but also mental and emotional intimacy. Additionally, growing number of platforms and devices are offering personalized sexual health solutions for men which will drive the demand of SexTech market.
Based on distribution channel, the global SexTech market has been segmented into e-commerce, specialty stores, and direct sales. The e-commerce segment held the largest market in 2023 and is the fastest growing segment during the forecast period. E-Commerce platforms offer discreet experience, which are especially important in the sexual wellness category. The ability to browse and purchase without face-to-face interaction allows user to feel more comfortable purchasing intimate products. Furthermore, digital campaigns, blogs, and social media influencer promoting sexual health and wellness have increased consumer awareness. These platforms encourage e-commerce purchases by offering product recommendations and reviews, helping consumers feel more informed about their purchases
Regional Analysis
Based on region, the global sextech market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for the largest market share in 2023. However, Asia-Pacific is projected to grow at the highest CAGR of 19.68% during the forecast period.
The SexTech market in North America is rapidly evolving, reflecting increasing acceptance and openness about sexual wellness, reducing stigma and fostering market growth. A wide range of technologically advanced products in North America Region is driving the SexTech market in the region. Moreover, increasing venture capital and investments interest in the sector promote growth and technological advancements.
The SexTech market in Europe is experiencing significant growth, driven by advancements in technology, including AI and IoT, enhancing product functionality and user experience. Also, growing emphasis on sexual health and wellness, including therapeutic applications and health monitoring is driving the SexTech market in the region. Moreover, rise in online sales channel, making products more accessible and reducing stigma associated with in-store purchases.
Asia-Pacific region, with countries like India and China, continues to have a wide range of products, from sexual apps to sex toys, catering to various demographics and preferences. Also, rise in online shopping facilitates discreet purchasing, expanding market access
Furthermore, Rest of the world is further divided into Middle East & Africa and South America.
Key Findings of the Study
- The Global SexTech Market is expected to reach USD 113.4 billion by 2032, at a CAGR of 17.21% during the forecast period.
- The North America SexTech Market accounted for USD 12.1 billion in 2023 and is expected to exhibit at 15.99% CAGR during the study period.
- Based on Product, Bluetooth-Enabled Sex Toys segment held the majority share in 2023.
- Fleshlight (US), Hot Octopuss (UK), Tenga Co., Ltd. (Japan), Kiiroo (Netherlands), Mysteryvibe (UK), Lovense (China), Lelo (Sweden), OhMiBod (US), We-Vibe (Canada), Satisfyer (Germany) are the key market players.
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Companies Covered | 15 |
Pages | 157 |
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