"Smart Personal Safety and Security Devices Market" which provides an in-depth exploration of growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and the competitive landscape. Smart Personal Safety and Security Devices market report, a section for the competitive landscape of the key players operating in the global market has also been covered. Moreover, the industry report lists and studies the leading competitors, also provides the insights with strategic industry analysis of the key factors influencing the market dynamics. This report provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The key findings and recommendations of the reliable Smart Personal Safety and Security Devices market report emphasizes crucial progressive industry trends in the global market, thereby allowing market players across the value chain to develop effective long-term strategies.
Smart personal safety and security devices have played a major role to ensuring the complete security and safety of the end-users. Nowadays, governments of various countries highlighted the importance of personal safety and security. The security system is important for personal, business and commercial purposes. These solutions are extensively being deployed for surveillance, monitoring, protection and integration services Outdoor enthusiasts are demanding these products on a large scale and this is likely to enhance the market growth during the forecast period.
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Data Bridge Market Research analyses that the smart personal safety and security device market is expected to reach USD 74,420.55 million by 2030, which is USD 40,807.76 million in 2022, registering a CAGR of 7.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Product definition
Smart personal safety and security devices are those devices which are autonomous and user-friendly in nature. These devices are capable of sending an emergency message to family and friends instantly on a single press. Smart personal safety and security devices are connected to the internet wirelessly by a third party tool.
Smart personal safety and security devices are those devices which are autonomous and user-friendly in nature. These devices are capable of sending an emergency message to family and friends instantly on a single press. Smart personal safety and security devices are connected to the internet wirelessly by a third party tool.
Some of the major players operating Smart Personal Safety and Security Devices market are
- Telefonaktiebolaget LM Ericsson (Sweden)
- Honeywell International Inc. (U.S.)
- DAQRI (U.S.)
- Unaliwear Inc. (U.S.)
- Huawei Technologies Co., Ltd. (China)
- General Electric (U.S.)
- Fitbit, Inc. (U.S.)
- Revolar. (U.S.)
- ADT (U.S.)
- Safelet (U.S.)
- KORE Wireless (U.S.)
- McDavid. (Canada)
- Force Impact Technologies L.L.C (U.S.)
- JARVISH INC. (Taiwan)
- Mammut Sports Group AG (Switzerland)
- 100Plus. (U.S.)
Key Market Segments Covered in Smart Personal Safety and Security Devices Market Industry Research
Product
- Finger Wear
- Head Wear
- Neck Wear
- Other Segments
Type
- Safety Device
- Smart Helmet
- Smart Mouth Guard
- Smart Knee Guard
- Other Devices
- Security Device
Wearable Devices
- Bracelet, Pendant
- Ring
- Other Devices
Bulletproof Bags
- Personal Alarm
- Panic Button
- Fall Detection Device
- Other Devices
Technology
- Networking
- Positioning
- Sensor
- Speech Recognition
Industry
- BFSI
- Healthcare
- Telecommunication
- Defense
- Consumer Electronics
Smart Personal Safety and Security Device Market Regional Analysis/Insights
The smart personal safety and security device market is analyzed and market size insights and trends are provided by country, product, type, technology and industry as referenced above.
The countries covered in the smart personal safety and security device market report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the smart personal safety and security device market in terms of revenue and market share owing to the quick adoption of technologies and presence of developed infrastructure in this region.
Asia-Pacific will continue to project the highest growth rate during the forecast period of 2023-2030 due to the high research and development activities towards smart pendants, smart helmets, and personal panic alarms in this region.
Drivers
- Increasing demand for personal safety and security device
An inclination toward connected wearable devices or advanced smart wearables for personal safety and security device can be considered as a major driving factor for the market growth. This market growth is attributed to several factors including increasing consumer shifts towards smart wearables such as smart bands, smartwatches or bracelets and others, growing penetration toward smartphone-connected applications, and many other. Government initiatives for improving women's safety by free distribution of wearable panic buttons coupled with increasing criminal incidents such as roadside or street harassment, abuse, and so on will further drive the market growth forward. These factors are set to aid in the growth of the global smart personal safety & security device market during the forecast period.
- Growing concerns regarding women and children safety
The concerns regarding women and children safety increases due to rising violence, assault and related crimes is likely to be a major factor for the market's growth. Moreover, factors including increasing adoption of personal safety apps from working women, a rapid growth in crime rates against women and so on have been attributed to the growth of the market growth. Increasing stringent governmental rules to protect women & children from abuse further enhance the market growth. For instance, the Central Government has launched the 112 Emergency Response Support System and app In September 2020, for providing single number-based assistance during emergencies.
Opportunities
- Surging product launches in smart personal safety and security device market
The surging product launches and other innovations by major market players offer numerous opportunities for the market growth. For instance, Forcite has launched a smart motorcycle helmet, MK1 In July 2019, equipped with a handlebar-mounted control unit, Bluetooth comms unit and VOIP intercom. These helmets use a LED strip system to connect visually at the periphery of the visual field, therefore confirming better rider safety.
- Increasing use of smart wearables for personnel safety
The increasing use of smart wearables for personnel safety in the industrial environments can influence the demand for the smart Personal Safety and Security Device in the market. According to the analysis by Cisco Systems, number of connected wearable devices is anticipated to reach 1105 million by 2022, compared to 593 million in 2018. This witness the increasing consumer inclination toward connected wearables, providing early threat alerts and emergency assistance in need and gaining real-time information from location/GPS tracking. Therefore, increasing use of smart wearables for personnel safety will further create immense opportunities for the market growth during the forecast period.
Restraints/ Challenges
- Risk associated with personal safety software
Higher adoption of personal safety software by consumers can lead to data misuse, data exploitation and data hacking, and many others due to smartphone integration availability. For instance, a third-party vendor named GetHealth reported a security breach In September 2021 that exposed around 61 million records of some of the major wearable device providers such as Apple, Microsoft Band, Google Fit, Fitbit, Strava and Misfit Wearables. This breach caused compromise in sensitive information, including first names paired with locations and display names, GPS logs, date of birth and fitness data of the customers. These factors have been considerably negatively impacting the market growth during the forecast period.
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How does this Smart Personal Safety and Security Devices Market Insights Help?
- Global Smart Personal Safety and Security Devices Market share (regional, product, application, end-user) both in terms of volume and revenue along with CAGR
- The Key parameters which are driving this market and restraining its growth
- What all challenges manufacturers will face as well as new opportunities and threats faced by them
- To learn about the market strategies that are being adopted by your competitors and leading organizations
- To Increase insightful analyses of the market and have a comprehensive understanding of the “Smart Personal Safety and Security Devices Market” and its commercial landscape
TABLE OF CONTENTS
- Part 01: Executive Summary
- Part 02: Scope of The Report
- Part 03: Research Methodology
- Part 04: Market Landscape
- Part 05: Pipeline Analysis
- Part 06: Market Sizing
- Part 07: Five Forces Analysis
- Part 08: Market Segmentation
- Part 09: Customer Landscape
- Part 10: Regional Landscape
- Part 11: Decision Framework
- Part 12: Drivers and Challenges
- Part 13: Market Trends
- Part 14: Vendor Landscape
- Part 15: Vendor Analysis
- Part 16: Appendix
For Detailed TOC | Follow @ https://www.databridgemarketresearch.com/toc/?dbmr=global-smart-personal-safety-and-security-devices-market
Queries Resolved In This Report:
- Which will be the specialties at which Smart Personal Safety and Security Devices Market players profiling with intensive designs, financials, and furthermore, ongoing headways should set nearness?
- Which will be the foreseen development rates for your own Smart Personal Safety and Security Devices economy out and out and furthermore for each portion inside?
- Which will be the Smart Personal Safety and Security Devices application and sorts and estimate joined intently by makers?
- Which will be the dangers which will attack growth?
- The length of the Smart Personal Safety and Security Devices market opportunity?
- How Smart Personal Safety and Security Devices Market share advance vacillations their value from various assembling brands?
WHO SHOULD BUY THE Smart Personal Safety and Security Devices REPORT?
People looking to enrich the decision-making capability by following points must buy the report:
- Breakdown of market share of the top Smart Personal Safety and Security Devices industry players
- Evaluations of market share for the regional and country level sectors
- Estimation of Smart Personal Safety and Security Devices market for the forecast period of all the aforementioned classes, sub classes, and the domestic markets
- Tactical recommendation for the newbies
- Tactical recommendation in primary business industries based on the Smart Personal Safety and Security Devices market forecast
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