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SexTech Market - By Product Type (Bluetooth-enabled Sex Toys (Wireless Vibrators, Smart Masturbators), VR Porn, Sex Robots, Sexual Wellness Platform), Distribution Channel (E-commerce, Specialty Stores, D2C) – Global Forecast (2024 – 2032)


Published on: 2024-07-10 | No of Pages : 240 | Industry : Healthcare

Publisher : MIR | Format : PDF&Excel

SexTech Market - By Product Type (Bluetooth-enabled Sex Toys (Wireless Vibrators, Smart Masturbators), VR Porn, Sex Robots, Sexual Wellness Platform), Distribution Channel (E-commerce, Specialty Stores, D2C) – Global Forecast (2024 – 2032)

SexTech Market Size

Sextech Market size was valued at around USD 37 billion in 2023 and is estimated to grow at 16.8% CAGR from 2024 to 2032. Sextech, also known as sexual technology, refers to the broad category of technologies designed to enhance, innovate, or support human sexuality and sexual experiences. This encompasses a wide range of products and services. The aim of sextech is to improve sexual health, enhance sexual pleasure, and provide new ways for individuals and couples to connect and explore their sexuality.

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The advancements in the sextech devices is a significant driver for the sextech market. For instance, according to Springer Nature, in 2023, modern sextech devices incorporate advanced technologies such as AI, Bluetooth connectivity, and app control, which provide users with a more personalized and interactive experience. Further, bluetooth-enabled sex toys can be controlled remotely, offering convenience, and enhancing intimacy for long-distance partners?. Technological advancements allow for a higher degree of customization in sextech products. Users can tailor settings, modes, and features to their preferences, which increases satisfaction and user engagement. This level of personalization is particularly appealing to consumers seeking unique and tailored experiences?.

Furthermore, adoption of sex toys (market size is estimated to account for USD 50 billion by the end of year 2032), advancement in sexual health testing, increasing use of sexual health supplements, government initiatives and funding, and increasing education & awareness, are the supporting factors strengthening the growth of the market.
 

SexTech Market Report Attributes
Report Attribute Details
Base Year 2023
SexTech Market Size in 2023 USD 37 Billion
Forecast Period 2024 to 2032
Forecast Period 2024 to 2032 CAGR 16.8%
2032 Value Projection USD 144.7 Billion
Historical Data for 2021 - 2023
No. of Pages 110
Tables, Charts & Figures 183
Segments covered Product Type, Distribution Channel, and Region
Growth Drivers
  • Advancements in the sextech devices
  • High demand of sexual wellness products
  • Increasing per capita income
Pitfalls & Challenges
  • Restrictive regulations on sextech products advertisements
  • Lack of public acceptance in emerging markets

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SexTech Market Trends

The increasing the per capita income of the people is a significant driver for market. Higher disposable income allows consumers to explore and invest in products that enhance their personal well-being and pleasure, leading to increased demand for sextech devices?.

  • According to the U.S. Health Economics, the U.S., GDP per capita is expected to reach USD 64,170 by the end of 2024, up from USD 62,789 in 2022. This represents a 2.2% increase in GDP per capita over that period.
  •  Similarly, as per Australian Health Bureau, in 2023, the GDP per capita in Australia reflected a 7.25% increase from the previous year, suggesting a consistent upward trajectory in per capita income for Australians.
  • Higher income levels are often associated with greater access to education and information. This increased awareness leads to a more open attitude towards sexual wellness and the benefits of sextech products. Educated consumers are more likely to recognize the health and pleasure benefits of these devices, leading to higher adoption rates.
  • Additionally, companies in the sextech industry benefit from increased per capita income as it opens up new market opportunities. Higher-income consumers are often early adopters of new technologies, providing a testing ground for innovative products and driving further advancements and market expansion?.

SexTech Market Analysis

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Based on product type, the market is classified into bluetooth-enabled sex toys, VR porn, multiple erogenous zone massagers, sex robots, sexual wellness platform, remote sex interfaces, and other product types. The bluetooth-enabled sex toys segment is estimated to account for USD 55.2 billion by the end of 2032.

  • Bluetooth connectivity allows users to control the sex toy remotely via smartphone apps or other devices. This feature enhances user experience by offering greater control and customization options, which can lead to increased satisfaction and enjoyment.
  • These toys are particularly popular among individuals in long-distance relationships. They enable couples to maintain intimacy and engage in shared sexual experiences despite being physically separated. The ability to control the toy remotely can help bridge the distance and foster a sense of closeness.
  • Many bluetooth-enabled sex toys are designed to be discreet and inconspicuous, allowing users to enjoy them without drawing attention. This discretion appeals to individuals who value privacy and may be hesitant to use traditional sex toys that are more obvious or bulky.
  • Bluetooth connectivity opens up possibilities for innovative features such as synchronized vibrations to music, long-distance control via the internet, or interactive experiences in conjunction with virtual reality (VR) or augmented reality (AR) applications. These features add novelty and excitement to the user experience, driving demand for bluetooth-enabled sex toys.

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Based on distribution channel, the sextech market is divided into e-commerce, specialty stores, and D2C. The e-commerce segment accounted for USD 16.5 billion in 2023.

  • E-commerce platforms typically offer a vast array of sextech products ranging from traditional sex toys to more innovative and niche items. This extensive selection allows customers to explore different options, compare features, read reviews, and find the products that best suit their needs and preferences.
  • They have democratized access to sextech products by making them available to a broader audience, including individuals in remote or underserved areas where physical stores may be scarce. With just a few clicks, customers can order sex toys and have them delivered directly to their doorstep, eliminating the need for travel or transportation to a store location.
  • Many e-commerce retailers understand the importance of discretion when shipping sextech products. They often use plain, unmarked packaging to ensure that the contents of the package remain confidential. This discreet shipping process provides customers with peace of mind and allows them to receive their orders without fear of judgment or embarrassment.
  • Further, e-commerce enables sextech companies to reach a global audience, transcending geographical boundaries and expanding their customer base. This global reach allows companies to tap into diverse markets with varying cultural attitudes towards sexuality, increasing their potential for growth and revenue generation.

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The U.S. sextech market is anticipated to grow at CAGR of 16.4% during the analysis timeframe.

  • Compared to some other regions, the U.S. generally has more liberal attitudes toward sexuality and a greater acceptance of sexual products and services. This cultural openness creates a conducive environment for the growth of the market.
  • For instance, according to the ResearchGate, in 2023, in U.S. there are at least 55% women who have at least one sex toy. Further, 65% of 18–35 years aged people uses them on an occasional basis in the country.

Germany sextech market is anticipated to witness lucrative growth between 2024 – 2032.

  • The country boasts one of the largest and most robust economies in Europe and the world. Its strong economic foundation provides a favorable environment for businesses, including those in the sextech sector, to thrive and expand.
  • Germany is known for its advanced technological capabilities and engineering expertise. This culture of innovation extends to the sextech industry, where German companies develop cutting-edge products and solutions that appeal to consumers globally.

Japan sextech mrket is expected to grow significantly over the years.

  • Japan has an aging population with a significant proportion of older adults. Sextech products, including sexual wellness devices designed for seniors, cater to the needs of this demographic by addressing issues related to intimacy, sexual health, and loneliness.
  • Japanese sextech companies are known for their innovative design aesthetics, which often blend functionality with elegance and sophistication. These well-designed products appeal to consumers seeking both pleasure and style in their sexual experiences.

UAE sextech market is anticipated to witness lucrative growth between 2024 – 2032.

  • UAE is known for its affluent population and luxury-oriented consumer culture. In such a market, there is demand for high-end, luxury sextech products that cater to discerning consumers seeking premium experiences and products.
  • Further, the country is a popular tourist destination, attracting millions of visitors each year. Tourists, especially from countries with more liberal attitudes toward sexuality seek out sextech products during their stay in the UAE. This could create a niche market catering to tourists' preferences and needs.

SexTech Market Share

The sextech industry is highly competitive, marked by several players striving for market dominance. Providers offer comprehensive products with improved efficiency and affordability. This includes advancements in efficacy, precision, accuracy, and raw material. Competition is driven by factors such as the quality, reliability, and ease of usage along with integration capabilities with existing products, and compliance with regulatory standards. Strategic partnerships with companies and healthcare networks play a crucial role in market positioning.

SexTech Market Companies

Some of the eminent market participants operating in the sextech industry include

  • Fleshlight
  • Intimate Devices
  • Intimate Solutions
  • Kiiroo
  • Lelo
  • Love Technology
  • Lovense
  • MysteryVibe
  • OhMiBod
  • Passionate Tech
  • Pleasure Innovations
  • Pleasure Tech Co.
  • Satisfyer
  • Sensual Creations
  • We-Vibe

SexTech Industry News

  • In January 2024, Lelo introduced LELO Hugo 2 app and remote-controlled male sex toys for more targeted pleasure. The LELO Hugo 2 is a vibrating prostate massager controlled via a dedicated mobile app, offering an enhanced experience. Thus, it will help to stimulate the product segment of the company.
  • In March 2023, Satisfyer launched Satisfyer Pro 2 Generation 3 Vibrator. The latest vibrator features liquid air technology, a groundbreaking innovation in the sex toy industry. This new launch offers app connectivity and is equipped with liquid air technology.  Thus, expanded the product portfolio of the company and helped to generate sales.

The sextech market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments

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Market, By Product Type

 

  • Bluetooth-enabled sex toys
    • Wireless vibrators
    • Smart masturbators
    • Premature ejaculation devices
    • App-controlled couples toys 
  • VR porn
  • Multiple erogenous zone massagers
  • Sex robots
    • Humanoid robots
    • Non-humanoid robots
  • Sexual wellness platform
  • Remote sex interfaces
  • Other product types

Market, By Distribution Channel

  • E-commerce
  • Specialty stores
  • D2C

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Netherlands
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of Middle East and Africa

 

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )