Wearable Security Device Market Research Report - Forecast to 2027

Global Wearable Security Device Market Research, Product Type (Smart Watches, Smart Jewelry, Smart Shoes), Connectivity (Bluetooth, Wi-Fi, Rfid), Operating System (Ios, Android), Application (Military, Emergency Service, Tracking) - Forecast Till 2027

ID: MRFR/ICT/4264-HCR | February 2021 | Region: Global | 100 pages

Market synopsis:


Since the introduction of smart devices and connected space, there has been a huge development in implementing security in these smart devices. Numerous successful attempts have been done such as in smart watches, smartphone, jewelry and many others. Even the clothes are being tested and designed with special materials that can transmit some form of power within the fabric to transmit a message. The smart wearable devices are more like any other smart device with connectivity and an additional feature/ process for tracking, monitoring the health of an individual.


One of the major benefits of using smart wearable devices includes messaging and calling services regarding emergency services, real-time health monitoring, and tracking applications. These devices are not only used in monitoring, the data gathered with these devices are further used for analytics and preventive maintenance. These have seen most of the applications in military, where the individual has to move through critical communication without losing connectivity. Another major factor contributing towards the growth of wearable security market is the higher adoption of the internet of things, which has enabled the connectivity of many devices and data gathering with the help of sensors.


Segmentation


On the basis of product type, the market is segmented into smartwatches, smart jewelry, smart shoes, smartphones, smart clothes, and eyewear


On the basis of connectivity, the market is segmented into, Wi-Fi, Bluetooth, RFID, and others


On the basis of the operating system, the market is segmented into iOS, Android, and others


On the basis of application, the market is segmented into military applications, emergency service applications, tracking applications, biometric recognition and others


Regional analysis


The global wearable security device market is estimated to grow at a faster rate due to the adoption of these security devices in wearable forms like smart watches, eyewear, headgear and even clothes. The geographical analysis of wearable security device market is carried out for regions, namely North America, Europe (including Russia), Asia Pacific (including Australia and New Zealand), and Rest of the World (including the Middle East, Africa, and Latin America). Among these regions, the market at present is dominated by North America due to the higher adoption of robotics and smart device technology. This region is occupied by most of the prominent players that develop the latest technology related to wearable security. The United States contributes a major portion towards this growth. Many start-ups are getting involved in the development of this wearable technology, partnership and collaboration with prominent players like Apple, Fitbit, Garmin and many more.


Although the wearable security devices is an addition to smart technology and can be easily integrated with smartphones, the technology is still getting better in terms of compatibility and mobility, battery capacity, connectivity, and independent operations. Various companies like Vuzix, Fitbit, and others are conducting product launches in terms of child tracker, GPS enabled tracking devices and much more. Europe closely follows North America. Europe and North America are technologically advanced regions, and the primary factor affecting the growth of this market is the ease of operation of these wearable security devices. The Asia Pacific is expected to be the fastest growing region during the forecast period.


Key players


Some of the major players in global wearable security device market include Apple, Inc (U.S.), Google LLC (U.S.), Fitbit (U.S.), Samsung Electronics (South Korea), Microsoft Corporation (U.S.), Amulyte, Inc (U.S.), Carré Technologies Inc (Canada), Epson (Japan), Garmin Ltd (Switzerland), Intel Corporation (U.S.), LG Electronics (South Korea) among others.


Other vendors include Fin Robotics, Inc (U.S.), FINIS, Inc. (U.S.), Fujitsu Ltd (Japan), Oath Tech Network Aol Tech (U.S.), Geo Group Inc (U.S.), GeoPalz, LLC (U.S.), Laster Technologies (France), Sony Corporation (Japan), Vuzix (U.S.), Qualcomm Connected Experiences, Inc (U.S.),  among others.


Global Wearable Security Device Market, USD Billion


 Wearable Security Device


Source: MRFR Analysis


Intended Audience



  • Wearable Security Device Providers

  • Smart Components Manufacturers

  • Retail Agencies

  • Electronic Components Manufacturers

  • Value-added Resellers

  • Materials Suppliers

  • Research Firms

  • Smartphone Manufacturers

  • Application Developers

  • Operating System Developers



Report Scope:
Report Attribute/Metric Details
  Market Size    USD 6 Billion (2023)
  CAGR   17% (2017-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product Type, Connectivity
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Apple, Inc (U.S.), Google LLC (U.S.), Fitbit (U.S.), Samsung Electronics (South Korea), Microsoft Corporation (U.S.), Amulyte, Inc (U.S.), Carré Technologies Inc (Canada), Epson (Japan), Garmin Ltd (Switzerland), Intel Corporation (U.S.), LG Electronics (South Korea)
  Key Market Opportunities

  • One of the major benefits of using smart wearable devices includes messaging and calling services regarding emergency services, real-time health monitoring, and tracking applications. \r\n
  • These devices are not only used in monitoring, the data gathered with these devices are further used for analytics and preventive maintenance.
  •   Key Market Drivers   The United States contributes a major portion towards this growth. Many start-ups are getting involved in the development of this wearable technology, partnership and collaboration with prominent players like Apple, Fitbit, Garmin and many more.


    Frequently Asked Questions (FAQ) :


    A USD 6 billion income is estimated to impact the market in the impending period.

    A 17% CAGR is appraised to motivate the market in the forecast period.

    Carré Technologies Inc (Canada), Amulyte, Inc (U.S.), Epson (Japan), Intel Corporation (U.S.), Garmin Ltd (Switzerland), and LG Electronics (South Korea) are the competitors in the market.

    The surge in the application of this technology in military operations is expected to push the market in the coming years.

    Smart jewellery, smartwatches, smartphones, smart clothes, smart shoes, and eyewear are important offerings in the market.

    TABLE OF CONTENTS

    1 Executive Summary

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Porter’s Five Forces Analysis

    4.1.1 Threat of New Entrants

    4.1.2 Bargaining power of buyers

    4.1.3 Threat of substitutes

    4.1.4 Segment rivalry

    4.1.5 Bargaining power of Suppliers

    4.2 Value Chain/Supply Chain of Global Wearable Security Devices Market

    5 Deployment Overview of Global Wearable Security Devices Market

    5.1 Introduction

    5.2 Growth Drivers

    5.3 Impact analysis

    5.4 Market Challenges

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact analysis

    7. Global Wearable Security Devices Market by Connectivity

    7.1 Introduction

    7.2 Bluetooth

    7.2.1 Market Estimates & Forecast, 2020-2027

    7.2.2 Market Estimates & Forecast by Region, 2020-2027

    7.3 Wi-Fi

    7.3.1 Market Estimates & Forecast, 2020-2027

    7.3.2 Market Estimates & Forecast by Region, 2020-2027

    7.4 RFID

    7.4.1 Market Estimates & Forecast, 2020-2027

    7.4.2 Market Estimates & Forecast by Region, 2020-2027

    8. Global Wearable Security Devices Market by Operating System

    8.1 Introduction

    8.2 iOS

    8.2.1 Market Estimates & Forecast, 2020-2027

    8.2.2 Market Estimates & Forecast by Region, 2020-2027

    8.3 Android

    8.3.1 Market Estimates & Forecast, 2020-2027

    8.3.2 Market Estimates & Forecast by Region, 2020-2027

    9. Global Wearable Security Devices Market by Application

    9.1 Introduction

    9.2 Military

    9.2.1 Market Estimates & Forecast, 2020-2027

    9.2.2 Market Estimates & Forecast by Region, 2020-2027

    9.3 Emergency Service

    9.3.1 Market Estimates & Forecast, 2020-2027

    9.3.2 Market Estimates & Forecast by Region, 2020-2027

    9.4 Tracking

    9.4.1 Market Estimates & Forecast, 2020-2027

    9.4.2 Market Estimates & Forecast by Region, 2020-2027

    9.5 Biometric Recognition

    9.5.1 Market Estimates & Forecast, 2020-2027

    9.5.2 Market Estimates & Forecast by Region, 2020-2027

    10. Global Wearable Security Devices Market by Product Type

    10.1 Introduction

    10.2 Smart Watch

    10.2.1 Market Estimates & Forecast, 2020-2027

    10.2.2 Market Estimates & Forecast by Region, 2020-2027

    10.3 Smart Jewelry

    10.3.1 Market Estimates & Forecast, 2020-2027

    10.3.2 Market Estimates & Forecast by Region, 2020-2027

    10.4 Smart Shoes

    10.4.1 Market Estimates & Forecast, 2020-2027

    10.4.2 Market Estimates & Forecast by Region, 2020-2027

    10.5 Smartphones

    10.5.1 Market Estimates & Forecast, 2020-2027

    10.5.2 Market Estimates & Forecast by Region, 2020-2027

    10.6 Smart Clothes

    10.6.1 Market Estimates & Forecast, 2020-2027

    10.6.2 Market Estimates & Forecast by Region, 2020-2027

    11. Global Wearable Security Devices Market by Region

    11.1 Introduction

    11.2 North America

    11.2.1 Market Estimates & Forecast, 2020-2027

    11.2.2 Market Estimates & Forecast by Connectivity, 2020-2027

    11.2.3 Market Estimates & Forecast by Operating System, 2020-2027

    11.2.4 Market Estimates & Forecast by Deployment, 2020-2027

    11.2.5 U.S.

    11.2.5.1 Market Estimates & Forecast, 2020-2027

    11.2.5.2 Market Estimates & Forecast by Connectivity, 2020-2027

    11.2.5.3 Market Estimates & Forecast by Operating System, 2020-2027

    11.2.5.4 Market Estimates & Forecast by Deployment, 2020-2027

    11.2.6 Mexico

    11.2.6.1 Market Estimates & Forecast, 2020-2027

    11.2.6.2 Market Estimates & Forecast by Connectivity, 2020-2027

    11.2.6.3 Market Estimates & Forecast by Operating System, 2020-2027

    11.2.6.4 Market Estimates & Forecast by Deployment, 2020-2027

    11.2.7 Canada

    11.2.7.1 Market Estimates & Forecast, 2020-2027

    11.2.7.2 Market Estimates & Forecast by Connectivity, 2020-2027

    11.2.7.3 Market Estimates & Forecast by Operating System, 2020-2027

    11.2.7.4 Market Estimates & Forecast by Deployment, 2020-2027

    11.3 Europe

    11.3.1 Market Estimates & Forecast, 2020-2027

    11.3.2 Market Estimates & Forecast by Connectivity, 2020-2027

    11.3.3 Market Estimates & Forecast by Operating System, 2020-2027

    11.3.4 Market Estimates & Forecast by Deployment, 2020-2027

    11.3.5 Germany

    11.3.5.1 Market Estimates & Forecast, 2020-2027

    11.3.5.2 Market Estimates & Forecast by Connectivity, 2020-2027

    11.3.5.3 Market Estimates & Forecast by Operating System, 2020-2027

    11.3.5.4 Market Estimates & Forecast by Deployment, 2020-2027

    11.3.6. France

    11.3.6.1 Market Estimates & Forecast, 2020-2027

    11.3.6.2 Market Estimates & Forecast by Connectivity, 2020-2027

    11.3.6.3 Market Estimates & Forecast by Operating System, 2020-2027

    11.3.6.4 Market Estimates & Forecast by Deployment, 2020-2027

    11.3.7 U.K

    11.3.7.1 Market Estimates & Forecast, 2020-2027

    11.3.7.2 Market Estimates & Forecast by Connectivity, 2020-2027

    11.3.7.3 Market Estimates & Forecast by Operating System, 2020-2027

    11.3.7.4 Market Estimates & Forecast by Deployment, 2020-2027

    11.4 Asia Pacific

    11.4.1 Market Estimates & Forecast, 2020-2027

    11.4.2 Market Estimates & Forecast by Connectivity, 2020-2027

    11.4.3 Market Estimates & Forecast by Operating System, 2020-2027

    11.4.4 Market Estimates & Forecast by Deployment, 2020-2027

    11.4.5 China

    11.4.5.1 Market Estimates & Forecast, 2020-2027

    11.4.5.2 Market Estimates & Forecast by Connectivity, 2020-2027

    11.4.5.3 Market Estimates & Forecast by Operating System, 2020-2027

    11.4.5.4 Market Estimates & Forecast by Deployment, 2020-2027

    11.4.6 India

    11.4.6.1 Market Estimates & Forecast, 2020-2027

    11.4.6.2 Market Estimates & Forecast by Connectivity, 2020-2027

    11.4.6.3 Market Estimates & Forecast by Operating System, 2020-2027

    11.4.6.4 Market Estimates & Forecast by Deployment, 2020-2027

    11.4.7 Japan

    11.4.7.1 Market Estimates & Forecast, 2020-2027

    11.4.7.2 Market Estimates & Forecast by Connectivity, 2020-2027

    11.4.7.3 Market Estimates & Forecast by Operating System, 2020-2027

    11.4.7.4 Market Estimates & Forecast by Deployment, 2020-2027

    11.4.8 Rest of Asia Pacific

    11.4.8.1 Market Estimates & Forecast, 2020-2027

    11.4.8.2 Market Estimates & Forecast by Connectivity, 2020-2027

    11.4.8.3 Market Estimates & Forecast by Operating System, 2020-2027

    11.4.8.4 Market Estimates & Forecast by Deployment, 2020-2027

    11.5 Rest of the World

    11.5.1 Market Estimates & Forecast, 2020-2027

    11.5.2 Market Estimates & Forecast by Connectivity, 2020-2027

    11.5.3 Market Estimates & Forecast by Operating System, 2020-2027

    11.5.4 Market Estimates & Forecast by Deployment, 2020-2027

    11.5.5 The Middle East & Africa

    11.5.5.1 Market Estimates & Forecast, 2020-2027

    11.5.5.2 Market Estimates & Forecast by Connectivity, 2020-2027

    11.5.5.3 Market Estimates & Forecast by Operating System, 2020-2027

    11.5.5.4 Market Estimates & Forecast by Deployment, 2020-2027

    11.5.6 Latin Countries

    11.5.6.1 Market Estimates & Forecast, 2020-2027

    11.5.6.2 Market Estimates & Forecast by Connectivity, 2020-2027

    11.5.6.3 Market Estimates & Forecast by Operating System, 2020-2027

    11.5.6.4 Market Estimates & Forecast by Deployment, 2020-2027

    12. Company Landscape

    13. Company Profiles

    13.1 Apple, Inc (U.S.)

    13.1.1 Company Overview

    13.1.2 Product/Business Segment Overview

    13.1.3 Financial Updates

    13.1.4 Key Developments

    13.2 Google LLC (U.S.)

    13.2.1 Company Overview

    13.2.2 Product/Business Segment Overview

    13.2.3 Financial Updates

    13.2.4 Key Developments

    13.3 Fitbit (U.S.)

    13.3.1 Company Overview

    13.3.2 Product/Business Segment Overview

    13.3.3 Financial Updates

    13.3.4 Key Developments

    13.4 Samsung Electronics (South Korea)

    13.4.1 Company Overview

    13.4.2 Product/Business Segment Overview

    13.4.3 Financial Updates

    13.4.4 Key Developments

    13.5 Microsoft Corporation (U.S.)

    13.5.1 Company Overview

    13.5.2 Product/Business Segment Overview

    13.5.3 Financial Updates

    13.5.4 Key Developments

    13.6 Amulyte, Inc (U.S.)

    13.6.1 Company Overview

    13.6.2 Product/Business Segment Overview

    13.6.3 Financial Updates

    13.6.4 Key Developments

    13.7 Carré Technologies inc (Canada)

    13.7.1 Company Overview

    13.7.2 Product/Business Segment Overview

    13.7.3 Financial Updates

    13.7.4 Key Developments

    13.8 Epson (Japan)

    13.8.1 Company Overview

    13.8.2 Product/Business Segment Overview

    13.8.3 Financial Updates

    13.8.4 Key Developments

    13.9 Garmin Ltd (Switzerland)

    13.9.1 Company Overview

    13.9.2 Product/Business Segment Overview

    13.9.3 Financial Updates

    13.9.4 Key Developments

    13.10 Intel Corporation (U.S.)

    13.10.1 Company Overview

    13.10.2 Product/Business Segment Overview

    13.10.3 Financial Updates

    13.10.4 Key Developments

    14 Conclusion

    LIST OF TABLES

    Table1 World Population by Major Regions (2020 To 2030)

    Table2 Global Wearable Security Devices Market: By Region, 2020-2027

    Table3 North America Wearable Security Devices Market: By Country, 2020-2027

    Table4 Europe Wearable Security Devices Market: By Country, 2020-2027

    Table5 Asia Pacific Wearable Security Devices Market: By Country, 2020-2027

    Table6 The Middle East & Africa Wearable Security Devices Market: By Country, 2020-2027

    Table7 Latin America Wearable Security Devices Market: By Country, 2020-2027

    Table8 Global Wearable Security Devices by Connectivity Market: By Regions, 2020-2027

    Table9 North America Wearable Security Devices by Connectivity Market: By Country, 2020-2027

    Table10 Europe Wearable Security Devices by Connectivity Market: By Country, 2020-2027

    Table11 Asia Pacific Wearable Security Devices by Connectivity Market: By Country, 2020-2027

    Table12 The Middle East & Africa Wearable Security Devices by Connectivity Market: By Country, 2020-2027

    Table13 Latin America Wearable Security Devices by Connectivity Market: By Country, 2020-2027

    Table14 Global Connectivity Market: By Region, 2020-2027

    Table15 Global Deployment Market: By Region, 2020-2027

    Table16 Global Deployment Market: By Region, 2020-2027

    Table17 North America Wearable Security Devices Market, By Country

    Table18 North America Wearable Security Devices Market, By Connectivity

    Table19 North America Wearable Security Devices Market, By Operating System

    Table20 Europe: Wearable Security Devices Market, By Operating System

    Table21 Europe: Wearable Security Devices Market, By Connectivity

    Table22 Asia Pacific: Wearable Security Devices Market, By Country

    Table23 Asia Pacific: Wearable Security Devices Market, By Connectivity

    Table24 Asia Pacific: Wearable Security Devices Market, By Operating System

    Table25 The Middle East & Africa: Wearable Security Devices Market, By Country

    Table26 The Middle East & Africa Wearable Security Devices Market, By Connectivity

    Table27 The Middle East & Africa Wearable Security Devices Market, By Operating System

    Table28 Latin America: Wearable Security Devices Market, By Country

    Table29 Latin America Wearable Security Devices Market, By Connectivity

    Table30 Latin America Wearable Security Devices Market, By Operating System

    LIST OF FIGURES

    FIGURE 1 Global Wearable Security Devices market segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Porter’s Five Forces Analysis of Global Wearable Security Devices Market

    FIGURE 4 Value Chain of Global Wearable Security Devices Market

    FIGURE 5 Share of Global Wearable Security Devices Market in 2020, by country (in %)

    FIGURE 6 Global Wearable Security Devices Market, 2020-2027,

    FIGURE 7 Sub-segments of Connectivity

    FIGURE 8 Global Wearable Security Devices Market size by Connectivity, 2020

    FIGURE 9 Share of Global Wearable Security Devices Market by Connectivity, 2020 TO 2027

    FIGURE 10 Global Wearable Security Devices Market size by Operating System, 2020

    FIGURE 11 Share of Global Wearable Security Devices Market by Operating System, 2020 TO 2027