Overview and Scope
Sex tech refers to a category of technology and innovations that are designed to enhance or facilitate various aspects of human sexuality, sexual health, and relationships. Sex tech is primarily used to enhance awareness and education regarding sexual pleasure and sexual activities.
Sizing and Forecast
The sextech market size has grown rapidly in recent years. It will grow from $31.61 billion in 2023 to $37.38 billion in 2024 at a compound annual growth rate (CAGR) of 18.3%. The growth in the historic period can be attributed to changing social attitudes, sexual health education, privacy and discretion, customization and personalization, cultural shifts and sexual liberation.
The sextech market size is expected to see rapid growth in the next few years. It will grow to $68.2 billion in 2028 at a compound annual growth rate (CAGR) of 16.2%. The growth in the forecast period can be attributed to integration with health and wellness platforms,artificial intelligence (ai) and machine learning (ml), telehealth and remote intimacy solutions, regulatory acceptance, focus on inclusivity and diversity. Major trends in the forecast period include advancements in technology, e-commerce and digital platforms, focus on sexual health and wellness, inclusive and diverse offerings, remote connectivity and long-distance intimacy.
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The sextech market market covered in this report is segmented –
1) By Product: VR Porn, Bluetooth-Enabled Sex Toys, Pornography Video Scripting, Remote Sex Interfaces, Sex Robots
2) By Distribution Channel: Specialty Stores, Direct Sales, Online Stores
3) By End User: Men, Women, LGBT Community
North America was the largest region in the sextech market in 2023. The regions covered in the sextech market market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growth of online dating is expected to propel the growth of the sextech market going forward. Online dating refers to the practice of using internet-based platforms, websites, or mobile applications to meet and interact with potential romantic or sexual partners. Sex tech uses various technologies and innovations related to sexual intimacy and offers various benefits for online dating such as enhanced communication, virtual intimacy, privacy and safety features, and others. For instance, in June 2023, according to the Business 2 Community, a Malta-based business organization and a subsidiary of Clickout Media Ltd., the total number of paying users across Bumble’s apps reached 3.2 million in 2022, showing an increase from 2.9 million users in 2021. Therefore, the growth of online dating is driving the growth of the sextech market going forward.
Key Industry Players
Major companies operating in the sextech market market report are Apple Inc., Hims & Hers Health Inc., LELO Inc., Unbound Inc., Doc Johnson Enterprises Inc., Lovehoney Group Ltd., Karex Berhad, Lovense LLC, FUN FACTORY GmbH, TENGA Co. Ltd., WOW Tech Group, California Exotic Novelties LLC, Unbound Inc., Satisfyer GmbH, Dame Products Inc., OhMiBod LLC, MysteryVibe Ltd., Athais Inc., Vibease Pte. Ltd., Virtual Reality Bangers Inc., Emojibator, Womanizer Inc., Standard Innovation Corporation, Hot Octopuss Ltd., Arcwave Inc., Giddy Holdings Inc., MYHIXEL SL, Bijoux Indiscrets S.L., Mymuse India Private Limited</b
The sextech market market report table of contents includes:
1. Executive Summary
2. Sextech Market Characteristics
3. Sextech Market Trends And Strategies
4. Sextech Market – Macro Economic Scenario
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32. Global Sextech Market Competitive Benchmarking
33. Global Sextech Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Sextech Market
35. Sextech Market Future Outlook and Potential Analysis
36. Appendix
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