The vaping industry has been among the fastest-growing sectors globally. Despite being controversial for years, this industry sprung back after science dispelled some controversies. With more people embracing the activity as a hobby, others start vaping in their efforts to quit smoking. But how does the future of the vaping industry looks?
Vaping isn’t a recent concept the way some people believe. Some people have been vaping for years, only that it has captured global attention recently. Understanding the future of this sector requires knowledge of its past.
The Evolution of Vaping Devices
The first generation of vaping devices or electronic cigarettes was not that impressive. The first vape pen, battery, mod, and e-liquid were not fancy. Thus, most people called them cig-a-likes upon their emergence in 2006. Ideally, these devices resembled regular cigarettes.
The first generation was not very significant since the vaping materials were not as good as what vapers enjoy today. Most people threw their vapes away after usage since most lacked replacement batteries.
The second generation of vaping devices marked the beginning of this sector, making some headway. This generation appeared in early 2010 after the manufacturers realized the potential of vaping devices. Unlike the previous versions, many manufacturers started producing customizable and unique vaping devices. Second-generation vapes had adjustable voltages to boost personalization.
The third generation comprises what the market offers today. This category has some of the best vape pens with advanced features. Manufacturers have realized that vapers want devices they can easily customize. The current generation featured technological advancements like digital displays and settings for better personalization like temperature, voltage, and ohm tanks.
These innovations do not mean that the vaping industry has reached its peak. Currently, manufacturers are improving technological innovations in vaping devices. And with some studies revealing that vaping could help a person quit smoking, manufacturers will continue searching for new ways to enhance their customers’ vaping experience.
The Increasing Popularity of Vaping
Vaping could be less harmful than conventional smoking but not harmless. For this reason, more people want to switch from smoking traditional cigarettes to vaping. Globally, around 55 million individuals use vaping devices. Although vaping technology has existed since the 1930s, the first mass production of vaping devices was in 2003. But this technology took time to catch up.
Today, vaping is a popular trend, with people doing it almost everywhere. The introduction of innovative and stylish vaping devices and the revelation that the habit could be less harmful than conventional smoking are some of the reasons for its rising popularity.
Also, some people invest in a quality vape pen to quit smoking. Essentially, some people pick up vaping to replace conventional smoking. Most people switch to vaping because smoking is addictive due to the nicotine in tobacco smoke. Vaping enables a person to control their nicotine intake without inhaling smoke.
Most negative health impacts of smoking are due to inhalation of tobacco smoke. Research has shown that electronic cigarettes or vaping are 95% less harmful than conventional smoking. Therefore, more people vape to reduce the health dangers of tobacco.
Technological Advancements and Regulations
As more people turn to vaping for varied reasons, developers are likely to put more effort into creating more innovative devices. The Internet of Things could play a crucial role in the vaping industry. IoT comprises a tangible objects’ network implanted with software and sensors that enable them to exchange data and communicate.
This technology is already enhancing the vaping industry and vapers’ experiences. Most vape mods in the current market use Bluetooth technology to lock vape remotely. With this technology, a device user can protect their device from children.
Bluetooth and internet connectivity and other improvements on vapes’ features, such as ease of use, charge battery, and clean, improve the overall vaping experience. Also, developers are researching ways to create voice-controlled devices.
At the same time, the vaping industry will most likely face supportive or restrictive regulations. For instance, the FDA has extended monitoring over vaping devices or e-cigarettes and other products. The agency’s role includes observing the production and marketing of vaping products from their creation to promotion.
Regulations like prohibition and bans on some vaping products could hurt emerging companies. However, they could also improve the safety of the vapers.
Increasing Demand
The demand for vaping products has increased significantly. As of 2019, the vape and electronic cigarette market was about $12.41 billion. Experts predict that the vaping industry will reach a 23.8% annual growth rate between 2020 and 2027.
The rapid growth of this industry is due to the increasing product demand among the Millenials. Consequently, vape companies will produce more vaping products, and more firms will join the industry.
Additionally, young people’s awareness has expanded the industry’s market size. Ongoing research and confirmation that vaping could be safer than traditional smoking further encourages more people to embrace it.
Despite implementing strict regulations in some countries, which may slow down the industry’s growth, some unions continue to defend it. Therefore, loosening the restrictions could increase the flow of vaping products and boost the sector’s growth.
Bright Future
Vaping is becoming a socially acceptable habit in most places. Switching from smoking to vaping could drastically lower the health risks of smoking. What’s more, vaping can help you quit smoking by allowing you to regulate your daily nicotine intake, especially with more customizations. Consequently, more people embrace vaping, making it a popular activity.
With vaping becoming increasingly popular as a healthier conventional smoking alternative, the industry will realize an increase in the demand for innovative products. Also, manufacturers are researching and integrating new technologies into their products. For instance, the best vape pen for e-liquid comes with mobile apps integration, more battery power, and much more. As manufacturers improve their vaping products, the activity will become trendier. More online and local vape shops are also emerging, making vaping devices and other products accessible to more people. Therefore, the vaping industry’s future is undoubtedly bright despite the regulations and restriction challenges.
