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

Wearable Security Device Market synopsis:


The Wearable Security Device Market has the possibility to reach USD 6 billion by 2023 at a CAGR of 17%. In the Wearable Security Device Market, many smart devices have brought a great impact on the lives of people. As many developments drive implementation the of security devices in smartwatches. Nowadays there is research that is planning to implement security devices in watches, smartphones, jewellery and even on clothes. There are specially designed clothes that have the power to transmit some form of the message are involved in this research.


The main usage of the wearable security device is to help in calling and messaging in the emergency need and the second need is to monitor the health and track health applications. This device can also have the capability to analyse and prevent further maintenance.


COVID – 19 Analyses


The pandemic has led to a drastic increase in the demand for remote monitoring and patient engagement solutions. Most of the health care facilities are currently providing patient monitoring to home care settings to provide the best health care at-home steps. Covid -19 has led to the demand for patient monitoring systems, so manufacturers are focusing on expanding production to meet the increasing need for wearable security devices.


Due to this pandemic issue, the Global Wearable Security Device Market has gradually increased. As the wearable is playing a vital role against the covid-19. Because of this the wearable device market has reached its peak and increased its production rate. Even this pandemic has also brought the awareness among the people to stay fit and lead a healthy life which brought the impact in the sale in increased demand of the wearable health care devices.


Market Dynamics



  • Market Driver


The main reason for the Wearable Security Device Market Analysis is increasing awareness of fitness, lifestyle and home healthcare. There is a drastic growth of the wearable security device market in recent days. This is mainly because of the rising population, increasing chronic disease and the advancement in medical devices. As the awareness in the people regarding their health has increased the Wearable Security Device Market Profit.



  • The Market Challenge


The main challenge the wearable security device faces is the connecting issues which are not much better in developing regions. This is one of the biggest draws back and challenge in increasing the market share of the wearable security device. To take careful steps to protect mobile medical technology innovations through patents, the companies assure to secure the financial and legal payments of successfully filed patents and only has the minimal loss caused by the patent trolls. Securing and protecting patents is the main key success that is evolving in the wearable market.



  • The Market Growth Opportunities


As the developed artificial intelligence with the 5G networks can be used to provide potential diagnoses and treatment for a specific patient. Using artificial intelligence one can easily predict the complications and allow the health care system to provide specific and special treatment. With the help of artificial intelligence and the 5G network, one can get the best care and also be able to satisfy real-time needs wherever they are. This can happen only with the help of wearable security devices which is been developed using advanced tools and technology like artificial intelligence and the 5G network. In future, we can expect some new tools and technology such as artificial intelligence and the 5G network to provide better growth opportunities in the WSD Market.



  • The Market Restraint


In EU member states, national laws need medical care can be based on the physical presence of the patient and the doctor. This affects the growth of mobile and remote healthcare solutions.


Regional Analysis


The global Wearable Security Device Market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa.


As North America and the Latin America region is expected to grow the factors and increase the demand for security devices for preventing theft and for tracking the criminals and alerting in the missing of children. Whereas in Europe it is been one of the major markets which help in the growth of the wearable technologies products and services. The Middle East & Africa drives the growth of the customers in spending amount in buying the wearable products and services in the market


Market Segments


Wearable Security Device



  • To get knowledge about the wearable security device product, the Wearable Security Device Market is segmented into smartwatches, smart shoes, smart jewellery, smartphones, smart clothes and eyewear.

  • To know about the connectivity Wearable Security Device Market are segmented into Wi-Fi, Bluetooth, RFID and others.

  • Based on the operating system, the Wearable Security Device Market into ios, android and others.



  • On basis of the application, the Wearable Security Device Market into military applications, emergency service applications, tracking applications, biometric recognition and others.


The global Wearable Security Device Market has thecapability of growing faster rate due to the adoption of these security devices in wearable forms like watches, eyewear, headgear, even on cloths.


Vendors which develops the Wearable Security Device Market Size



  1. Apple

  2. Google

  3. Fitbit

  4. Samsung

  5. Amulyte

  6. Bear tek

  7. Carre technology

  8. Cool shirt systems

  9. Electricfoxy

  10. Emotiv systems

  11. Epson America

  12. Ever find

  13. Garmin

  14. Intel

  15. LG electronics


Products of the Wearable Security Device Industry



  1. Watches

  2. Jewellery

  3. Shoes

  4. Cloths


The application used in the Wearable Security Device Industry



  1. Military

  2. Emergency service

  3. Tracking


Products of the Wearable Security Device Industry


Watches


In the market, there are advanced and basic models of smartwatches. The basic watches can only be used to tell you the time. Whereas the advanced model of the smartwatches can be used for fitness tracking and also get the notifications and calls from the smartphones. This feature can be used by connecting the smartphone to your smartwatch


Jewellery


Wearable Security Device Business expects greater growth at the highest CAGR during the forecast period because of the adoption of the consumers in wearing the jewels. It provides the comfortable and convenience in carrying or wearing the jewel on their body without any hesitation. As there won't be any hassle with the wire and charging port.


Shoes


As there is an increase in thefts and robberies using the smart security device as the safety shoes can alert the user which can be done using the sensors embedded inside the smart shoes.


The application used in the Wearable Security Device Industry


In Military


As the wearable security device in military applications which is been used to keep the soldiers or alert them when they are near mine or some other explosives.


Emergency Service


As the main driving force of the market is to connect the emergency response systems system which is connected with the dispatch centres. Suddenly your GPS tracking apps on your smartphone shows the location and then the team can know about your need and assist you urgently.


Tracking


Trackers are embedded with different features such as location sharing service or SOS buttons to watch and allow a concerned person to be tracked when they need emergency help.


Competitive Landscape Analysis


In recent days the wearable security device market is been hurrying in changing its features and update its security devices. As everyone knows the Covid-19 has brought great impact and awareness among the people about their health and fitness. People are rushing to get wearable security devices to keep them fit. So the companies are trying to update their feature with artificial intelligence and the 5G network for the fast and good source of the network to rush with the help to the people.


Recent updates on the Wearable Security Device Market Forecast



  1. Google’s hottest new acquisition and speculation will result in new watches and wristbands in 2021

  2. Many smartwatches are adding blood oxygen sensors to increase the standards of the smartwatches

  3. ECG monitors and other sensors may alert the concerned person if something went wrong in their health

  4. Fitbit and Humai watches may include the build in thermometers to check and track their rice of body temperature

  5. Donut Robotics has introduced the smart mask which has inbuilt voice recognition via which you can make phone calls and send messages


Market Overview



  1. Market Overview Highlights

  2. Analysis Based on COVID 19

  3. Description of the Market Dynamics

  4. Market Segmentation Overview

  5. The Regional Analysis

  6. Competitive Landscape Analysis

  7. Recent Developments



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.


    Speak to Analyst Ask for Customization

    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