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    Smart Personal Safety Security Device Market Size

    ID: MRFR/SEM/1334-CR
    155 Pages
    Ankit Gupta
    December 2020

    Smart Personal Safety and Security Device Market Research Report Information By Type (Smart Personal Security (Wearable Devices (Bracelet, Pendant, Ring, Other Devices), Bulletproof Bags, Personal Alarm, Panic Button, Fall Detection Device, Other Devices), Smart Personal Safety (Smart Helmet, Smart Mouth Guard, Smart Knee Guard, Other Devices)), By End User (Consumers, Defense, Factories, BFSI,...

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    Smart Personal Safety Security Device Market Infographic

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    Summary Table of Contents Segmentation Download PDF

    Smart Personal Safety Security Device Size

    Smart Personal Safety Security Device Market Growth Projections and Opportunities

    This growth is attributed to a compound annual growth rate (CAGR) of 11.00% during the forecast period from 2020 to 2025. The market is segmented based on type, end user, and region. Smart personal safety and security devices are categorized into two types: smart personal safety devices and smart personal security devices. In 2019, the latter dominated the market, holding a significant share, and is expected to maintain this position with a CAGR of 11.14% throughout the forecast period. The end-user segmentation includes consumers, factories, defense, BFSI, healthcare, telecommunications, and others. The consumer segment took the lead in 2019, commanding the global market and is anticipated to exhibit a CAGR of 13.35%. Geographically, the market is divided into North America, Europe, Asia-Pacific, and the rest of the world. North America emerged as the dominant region in 2019, contributing USD 907.24 million, and is projected to grow at a CAGR of 11.04% during the forecast period. In the examination of key players in the smart personal safety and security device market, companies like Honeywell International, Inc (US), LM Ericsson (Sweden), General Electric (US), ADT, Inc (US), and Fitbit, Inc (US) stand out. These industry leaders engage in intense competition, focusing on features, pricing, and reliability. To gain a competitive edge, they continually innovate and implement various growth strategies. An illustrative example of innovation in the market is Trackimo's introduction of the Trackimo 3G slim travel tracker in July 2019. This device not only provides GPS tracking but also features a light sensor, beneficial for detecting unauthorized access to backpacks or luggage. With Bluetooth, 3G, and Wi-Fi support, this device ensures functionality in diverse locations globally, emphasizing the industry's commitment to technological advancements and user convenience. In the context of the United States, a pivotal contributor to the smart personal safety and security device market, the mentioned companies, especially Honeywell International, Inc, General Electric, ADT, Inc, and Fitbit, Inc, play crucial roles. The US market is characterized by robust growth, aligning with the global trends, and these companies continually drive innovation and competition, elevating the industry's standards and meeting the evolving needs of consumers

    Smart Personal Safety Security Device Market Size Graph

    Market Summary

    As per Market Research Future Analysis, the Global Smart Personal Safety and Security Device Market was valued at USD 4448.31 million in 2023 and is projected to grow to USD 11370.64 million by 2032, with a CAGR of 11.0% from 2024 to 2032. The market is driven by increasing crime rates and the need for reliable safety standards. Smart devices offer features like emergency messaging and tracking, appealing to outdoor enthusiasts and various sectors. However, market growth is restrained by a lack of awareness and concerns over data security among potential users. The COVID-19 pandemic has also impacted production and demand, but key players are innovating to enhance device features and user trust.

    Key Market Trends & Highlights

    The Smart Personal Safety and Security Device Market is witnessing significant advancements and growing demand.

    • Market Size in 2023: USD 4448.31 million Projected Market Size by 2032: USD 11370.64 million CAGR from 2024 to 2032: 11.0% North America to account for 42% of the global market share in 2024

    Market Size & Forecast

    2023 Market Size USD 4448.31 million
    2024 Market Size USD 4936.29 million
    2032 Market Size USD 11370.64 million
    CAGR (2024-2032) 11.0%

    Major Players

    <p>FORCE IMPACT TECHNOLOGIES INC., ERICSSON, HONEYWELL INTERNATIONAL INC., DAQRI, LLC, UNALIWEAR, INC., HUAWEI TECHNOLOGIES CO. LTD., GENERAL ELECTRIC COMPANY, FITBIT, INC., REVOLAR, INC., ADT, INC.</p>

    Market Trends

    <p>The increasing integration of advanced technologies in personal safety devices suggests a growing consumer demand for enhanced security solutions in an increasingly uncertain world.</p>

    U.S. Department of Justice

    Smart Personal Safety Security Device Market Market Drivers

    Market Growth Projections

    Increasing Incidence of Crime

    The rising incidence of crime globally serves as a significant catalyst for the Global Smart Personal Safety and Security Device Market Industry. With crime rates fluctuating in various regions, individuals are increasingly seeking solutions to protect themselves and their belongings. For instance, urban areas often report higher crime rates, prompting residents to invest in smart security devices such as personal alarms and home surveillance systems. This trend is likely to contribute to the market's growth, as consumers prioritize their safety. By 2035, the market is projected to expand to 15.6 USD Billion, underscoring the urgent need for effective personal safety solutions.

    Rising Awareness of Personal Safety

    The increasing awareness regarding personal safety among individuals is a primary driver for the Global Smart Personal Safety and Security Device Market Industry. As urbanization continues to rise, concerns about crime and personal safety have escalated. This heightened awareness has led to a growing demand for smart devices that enhance personal security. For instance, wearable safety devices equipped with GPS tracking and emergency alert features are becoming more prevalent. In 2024, the market is projected to reach 4.94 USD Billion, reflecting a significant shift in consumer behavior towards prioritizing safety and security in daily life.

    Government Initiatives and Regulations

    Government initiatives aimed at enhancing public safety are influencing the Global Smart Personal Safety and Security Device Market Industry. Various governments are implementing regulations that encourage the adoption of smart safety devices, particularly in urban areas. For example, initiatives promoting the installation of surveillance cameras and emergency alert systems in public spaces are becoming more common. Such measures not only enhance public safety but also stimulate market growth by increasing consumer confidence in smart safety solutions. As governments continue to prioritize safety, the demand for innovative personal safety devices is expected to rise, further propelling the market forward.

    Growing Adoption of Wearable Safety Devices

    The growing adoption of wearable safety devices is a notable trend within the Global Smart Personal Safety and Security Device Market Industry. These devices, which include smartwatches and fitness trackers with integrated safety features, are gaining traction among consumers. The convenience of having safety technology readily available on one's person is appealing, particularly for vulnerable populations such as children and the elderly. This trend is likely to drive market growth as more individuals recognize the benefits of wearable safety technology. As the market evolves, the integration of advanced features in these devices will further enhance their appeal and functionality.

    Technological Advancements in Security Devices

    Technological innovations play a crucial role in shaping the Global Smart Personal Safety and Security Device Market Industry. The integration of artificial intelligence, machine learning, and IoT technologies into personal safety devices has led to enhanced functionalities and user experiences. For example, smart alarms and surveillance systems now offer real-time monitoring and alerts, making them more appealing to consumers. As these technologies evolve, they are expected to drive market growth significantly. The anticipated compound annual growth rate (CAGR) of 11.0% from 2025 to 2035 indicates a robust future for the industry, fueled by continuous advancements in technology.

    Market Segment Insights

    Regional Insights

    Key Companies in the Smart Personal Safety Security Device Market market include

    Industry Developments

    • In April 2020, the Fitbit charge 4 was launched by Fitbit inc. for pre-order. the special features of this charge 4 were that it has GPS, a heart rate monitor, sp o2 blood oxygen monitor, sleep tracking, monitoring of heart rate while resting, and vo2 max monitoring.
    • in April 2020, a remote patient monitoring platform was launched by 100plus that will work together with other remote patients monitoring devices such as blood glucose monitors, blood pressure cuffs, and digital weight scale.
    • in November 2019, Fitbit was acquired by Google for a massive amount of USD 2.1 billion. this acquisition was expected to be the entry of Google in the health and activity tracking sector. also, it already offers that operate on smartwatches, wear os which is a customized version of its Android operating system.
    • in October 2019, the acquisition of i-view now, a leading video alarm verification service was announced by ADT, inc. to reduce the false alarms and optimize the priority response from emergency services, the verification technology of i-view now was to be combined with core monitoring strengths of ADT.

    Intended Audience

    • Financiers
    • Government bodies
    • Research institutes and organizations
    • Market research and consulting firms
    • End-users/enterprise-users
    • Managed service providers (MSPs)
    • Value-added resellers (VARs)
    • Providers of raw materials
    • Brand customers/ OEMs/ ODMs
    • Smart Personal Safety and Security Device providers
    • Smart Personal Safety and Security Device associations, organizations, forums, and alliances
    • Distributors and sales firms of Smart Personal Safety and Security Device
    • Smart Personal Safety and Security Device end-users and industries

    Future Outlook

    Smart Personal Safety Security Device Market Future Outlook

    <p>The Smart Personal Safety and Security Device Market is projected to grow at an 11.0% CAGR from 2024 to 2035, driven by technological advancements, increasing safety concerns, and rising urbanization.</p>

    New opportunities lie in:

    • <p>Develop AI-driven personal safety apps integrating wearable devices.&nbsp;</p><p>Expand product lines to include smart home security systems for personal safety.&nbsp;</p><p>Leverage partnerships with law enforcement for enhanced community safety solutions.</p>

    <p>By 2035, the market is expected to be robust, reflecting heightened consumer demand and technological integration.</p>

    Market Segmentation

    Intended Audience

    • Smart Personal Safety and Security Device end-users and industries
    • Distributors and sales firms of Smart Personal Safety and Security Device
    • Smart Personal Safety and Security Device associations
    • organizations
    • forums
    • and alliances
    • Smart Personal Safety and Security Device providers
    • Brand customers/ OEMs/ ODMs
    • Providers of raw materials
    • Value-added resellers (VARs)
    • Managed service providers (MSPs)
    • End-users/enterprise-users
    • Market research and consulting firms
    • Research institutes and organizations
    • Government bodies
    • Financiers

    Smart Personal Safety and Security Device Market Dynamics

    • Market Drivers
    • Market Restraints
    • Technology Analysis

    Smart Personal Safety and Security Device Industry Developments

    • in October 2019
    • the acquisition of i-view now
    • a leading video alarm verification service was announced by ADT
    • inc. to reduce the false alarms and optimize the priority response from emergency services
    • the verification technology of i-view now was to be combined with core monitoring strengths of ADT.
    • in November 2019
    • Fitbit was acquired by Google for a massive amount of USD 2.1 billion. this acquisition was expected to be the entry of Google in the health and activity tracking sector. also
    • it already offers that operate on smartwatches
    • wear os which is a customized version of its Android operating system.
    • in April 2020
    • a remote patient monitoring platform was launched by 100plus that will work together with other remote patients monitoring devices such as blood glucose monitors
    • blood pressure cuffs
    • and digital weight scale.
    • In April 2020
    • the Fitbit charge 4 was launched by Fitbit inc. for pre-order. the special features of this charge 4 were that it has GPS
    • a heart rate monitor
    • sp o2 blood oxygen monitor
    • sleep tracking
    • monitoring of heart rate while resting
    • and vo2 max monitoring.

    Smart Personal Safety and Security Device Market Key Player & Competitive Landscape

    • PESTEL (US)
    • SVOR (FRANCE)
    • PORTER (INDIA)
    • MC DAVID INC (US)
    • SKULLY (GEORGIA)
    • 100PLUS
    • INC. (US)
    • KORE WIRELESS GROUP (US)
    • SAFELET B.V. (THE NETHERLANDS)
    • ADT
    • INC. (US)
    • REVOLAR
    • INC. (US)
    • FITBIT
    • INC. (US)
    • GENERAL ELECTRIC COMPANY (US)
    • HUAWEI TECHNOLOGIES CO. LTD. (CHINA)
    • UNALIWEAR
    • INC. (US)
    • DAQRI
    • LLC (US)
    • HONEYWELL INTERNATIONAL INC. (US)
    • ERICSSON (SWEDEN)
    • FORCE IMPACT TECHNOLOGIES INC. (US)

    Report Scope

    Attribute/MetricDetails
    Market Size in 2023USD 4448.31 million
    Market Size in 2024USD 4936.29 million
    Market Size in 2032USD 11370.64 million
    CAGR11.0% (2024-2032)
    Base Year2023
    Market Forecast Period2024-2032
    Historical Data2018-2022
    Market Forecast UnitsValue (USD Million)
    Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments CoveredType, End User
    Geographies CoveredNorth America, Europe, Asia-Pacific, and Rest of the World (RoW)
    Key VendorsForce Impact Technologies Inc. (US), Ericsson (Sweden), Honeywell International Inc. (US), Daqri, LLC (US), Unaliwear, Inc. (US), Huawei Technologies Co. Ltd. (China), General Electric Company (US), Fitbit, Inc. (US), Revolar, Inc. (US), ADT, Inc. (US), Safelet B.V. (The Netherlands), KORE Wireless Group (US), and 100Plus, Inc. (US)
    Key Market OpportunitiesConsumer inclination towards highly advanced smart wearables is expected to create opportunities in the global market.
    Key Market DriversThe rising concerns regarding the security of women and children. Advancements in communication technology

    Market Highlights

    Author

    Ankit Gupta
    Senior Research Analyst

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    FAQs

    What are the end-users profiled in this report?

    The end-user segments studied to assess the future trajectory of the smart personal safety and security device market are BFSI, telecommunication, healthcare, defense, and consumer electronics.

    Why is North America poised to dominate the market?

    North America is poised to dominate the market on account of rising awareness about personal security solutions.

    What is the main driver of the market for smart personal safety and security device?

    Increasing crime rate, in conjunction with integration of advancing technologies, is expected to drive market growth in the coming years.

    What is the estimated CAGR of the market between 2024 and 2032?

    The market is expected to mark 11.0% CAGR by 2032.

    What are the technology-based segments of the market?

    The technology-based segments of the smart personal safety and security device market are - sensor, network, and navigation.

    1. MARKET INTRODUCTION
      1. OVERVIEW
      2. SCOPE OF THE STUDY
      3. RESEARCH OBJECTIVES
      4. MARKET STRUCTURE
    2. RESEARCH METHODOLOGY
    3. MARKET DYNAMICS
      1. OVERVIEW
      2. DRIVERS
        1. INCREASING SECURITY CONCERNS FOR WOMEN AND CHILDREN
        2. ADVANCEMENTS IN COMMUNICATION TECHNOLOGIES
        3. DRIVERS IMPACT ANALYSIS
      3. RESTRAINTS
        1. HIGH PRICES ASSOCIATED WITH SAFETY AND SECURITY DEVICES
      4. OPPORTUNITIES
        1. GROWING INCLINATION TOWARDS SMART WEARABLE DEVICES WITH ADVANCED FEATURES
      5. CHALLENGES
        1. LIMITED AWARENESS IN DEVELOPING COUNTRIES
      6. COVID-19 IMPACT ANALYSIS
        1. IMPACT ON SEMICONDUCTOR COMPONENT MANUFACTURERS
        2. IMPACT ON THE GLOBAL SMART PERSONAL SAFETY AND SECURITY DEVICE MARKET
    4. MARKET FACTOR ANALYSIS
      1. VALUE CHAIN ANALYSIS
        1. HARDWARE/COMPONENT MANUFACTURERS
        2. SOFTWARE DEVELOPERS
        3. SYSTEM INTEGRATORS
        4. DISTRIBUTION CHANNEL
        5. END USERS
      2. PORTER''S FIVE FORCES MODEL
        1. THREAT OF NEW ENTRANTS
        2. BARGAINING POWER OF SUPPLIERS
        3. THREAT OF SUBSTITUTES
        4. BARGAINING POWER OF BUYERS
        5. INTENSITY OF RIVALRY
    5. GLOBAL SMART PERSONAL SAFETY AND SECURITY DEVICE MARKET, BY TYPE
      1. OVERVIEW
      2. SMART PERSONAL SECURITY
        1. BULLETPROOF BAGS
        2. PERSONAL ALARM
        3. PANIC BUTTON
        4. FALL DETECTION DEVICE
        5. OTHER DEVICES
        6. WEARABLE DEVICES
      3. SMART PERSONAL SAFETY
        1. SMART HELMET
        2. SMART MOUTH GUARD
        3. SMART KNEE GUARD
        4. OTHER DEVICES
    6. GLOBAL SMART PERSONAL SAFETY AND SECURITY DEVICE MARKET, BY END USER
      1. OVERVIEW
      2. CONSUMERS
      3. DEFENSE
      4. FACTORIES
      5. BFSI
      6. HEALTHCARE
      7. TELECOMMUNICATIONS
    7. GLOBAL SMART PERSONAL SAFETY AND SECURITY DEVICE MARKET, BY REGION
      1. OVERVIEW
        1. MARKET ESTIMATES AND FORECAST, BY REGION
      2. NORTH AMERICA
        1. MARKET ESTIMATES AND FORECAST, BY TYPE
        2. MARKET ESTIMATES AND FORECAST, BY END USER
        3. MARKET ESTIMATES AND FORECAST, BY COUNTRY
        4. US
        5. CANADA
        6. MEXICO
      3. EUROPE
        1. MARKET ESTIMATES AND FORECAST, BY TYPE
        2. MARKET ESTIMATES AND FORECAST, BY END USER
        3. MARKET ESTIMATES AND FORECAST, BY COUNTRY
        4. UK
        5. GERMANY
        6. FRANCE
        7. REST OF EUROPE
      4. ASIA-PACIFIC
        1. MARKET ESTIMATES AND FORECAST, BY TYPE
        2. MARKET ESTIMATES AND FORECAST, BY END USER
        3. MARKET ESTIMATES AND FORECAST, BY COUNTRY
        4. CHINA
        5. JAPAN
        6. INDIA
        7. SOUTH KOREA
        8. REST OF ASIA-PACIFIC
      5. REST OF THE WORLD
        1. MARKET ESTIMATES AND FORECAST, BY TYPE
        2. MARKET ESTIMATES AND FORECAST, BY END USER
        3. MARKET ESTIMATES AND FORECAST, BY REGION
        4. MIDDLE EAST & AFRICA
        5. SOUTH AMERICA
    8. COMPETITIVE LANDSCAPE
      1. COMPETITIVE BENCHMARKING
      2. KEY DEVELOPMENTS AND GROWTH STRATEGIES
        1. PRODUCT LAUNCH/PRODUCT DEVELOPMENT
        2. ACQUISITIONS AND EXPANSIONS
        3. PARTNERSHIPS AND AGREEMENTS
    9. COMPANY PROFILE
      1. FORCE IMPACT TECHNOLOGIES, INC
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS/SOLUTIONS/SERVICES OFFERED
        4. KEY DEVELOPMENTS
      2. ERICSSON
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS/SOLUTIONS/SERVICES OFFERED
        4. KEY DEVELOPMENTS
        5. SWOT ANALYSIS
        6. KEY STRATEGIES
      3. HONEYWELL INTERNATIONAL INC
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS OFFERED
        4. KEY DEVELOPMENTS
        5. SWOT ANALYSIS
        6. KEY STRATEGIES
      4. DAQRI, LLC
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS/SOLUTIONS/SERVICES OFFERED
        4. KEY DEVELOPMENTS
      5. UNALIWEAR, INC
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS/SOLUTIONS/SERVICES OFFERED
        4. KEY DEVELOPMENTS
      6. HUAWEI TECHNOLOGIES CO. LTD.
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS/SERVICES/SOLUTIONS OFFERED
        4. KEY DEVELOPMENTS
        5. SWOT ANALYSIS
        6. KEY STRATEGIES
      7. GENERAL ELECTRIC COMPANY
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS OFFERED
        4. KEY DEVELOPMENTS
        5. SWOT ANALYSIS
        6. KEY STRATEGIES
      8. FITBIT, INC (SUBSIDIARY OF GOOGLE INC.)
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS/SERVICES/SOLUTIONS OFFERED
        4. KEY DEVELOPMENTS
        5. SWOT ANALYSIS
        6. KEY STRATEGIES
      9. REVOLAR, INC
        1. COMPANY OVERVIEW
        2. PRODUCTS/SOLUTIONS/SERVICES OFFERED
        3. KEY DEVELOPMENTS
        4. KEY STRATEGIES
      10. TRACKIMO
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS OFFERED
        4. KEY DEVELOPMENTS
        5. KEY STRATEGIES
      11. ADT, INC
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS OFFERED
        4. KEY DEVELOPMENTS
        5. SWOT ANALYSIS
        6. KEY STRATEGIES
      12. SAFELET B.V
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS OFFERED
        4. KEY DEVELOPMENTS
      13. KORE WIRELESS GROUP
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS OFFERED
        4. KEY DEVELOPMENTS
        5. KEY STRATEGIES
      14. 100PLUS, INC (FORMERLY IBEAT)
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS OFFERED
        4. KEY DEVELOPMENTS
    10. LIST OF TABLES
    11. LIST OF FIGURE

    Smart Personal Safety and Security Device Market Segmentation

    Market Segmentation Overview

    • Detailed segmentation data will be available in the full report
    • Comprehensive analysis by multiple parameters
    • Regional and country-level breakdowns
    • Market size forecasts by segment
    Infographic

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