Smart Personal Safety and Security Device Market Research Report: 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)), End User (Consumers, Defense, Factories, BFSI, Healthcare, Telecommunications, Others), Region (North America, Europe, Asia-Pacific, Rest of the World) - Forecast 2027

ID: VPR/CO/1035 Publishing Year: October 2021 Pages: 110 Format:   


Smart Personal Safety and Security Device Market Overview:

The Smart Personal Safety and Security Device Market is projected to grow from USD 6 billion in 2020 to reach USD 12.8 billion by 2027; it is expected to grow at a CAGR of 11.43% from 2020 to 2027.

Smart Personal Safety And Security Gadgets track the user's location, provide emergency notifications, and keep them safe. These devices are self-contained and connected to the Internet via a wireless connection. Personal Safety Devices are easy to use and come in a variety of shapes and sizes, including smartwatches, keyrings, rings, and bracelets. These devices are slowly gaining acceptance among sports fans and tech-savvy people all over the world. Furthermore, the demand for these gadgets is being driven by rising crime rates against children and women. MRFR discovered numerous aspects that contribute to the Global Growth of the Smart Personal Safety and Security Device Market throughout The Research. The rise of the Global Smart Personal Safety and Security Device Market can be linked to increased worries about the security of women and children, as well as advancements in communication technology. Furthermore, customer preference for advanced smart wearables is projected to open up prospects in the global market. The high costs of these devices, as well as a lack of knowledge regarding Smart Personal Safety and Security Gadgets in underdeveloped nations, may stifle market growth over the forecast period.

Key Players:

  • DAQRI
  • Force Impact Technologies
  • Ericsson
  • iBeat
  • Fitbit
  • UnaliWear
  • Honeywell International
  • General Electric
  • Revolar
  • Safelet

Drivers:

Over the projected period, the worldwide Smart Personal Safety and Security Device Market is expected to increase due to rising demand for sophisticated Smart Devices with advanced features and new product innovations in the wrist and neck wear sectors. Furthermore, advances in communication technologies, as well as increased Safety and Security Concerns among end-users, are fueling the Global Personal Safety and Security Device Market. However, throughout the forecast period, the Worldwide Personal Safety and Security Device Market is likely to be hampered by high initial selling prices associated with these devices and a lack of awareness across developing regions.

Market Segmentation:

By segmenting the market by type, application, and geography, the study provides a critical perspective on the Smart Personal Safety and Security Device Market. The market for Smart Personal Safety and Security Devices has been segmented based on current and future trends, and the market is expected to grow from 2020 to 2026. This research will identify the most profitable sub-segments in terms of revenue contribution for both the base year and the projected year. The research also includes the fastest-growing sub-segments and their primary growth drivers.

The global smart personal safety and security device market is divided into two types based on type: hardware devices and software systems. The research will provide a detailed qualitative and quantitative type segment analysis from 2016 to 2026.

Regional Analysis:

Region wise, North America held the largest market share in 2019. The United States and Canada are big contributors to the region's market growth. This is due to the presence of companies that make smart devices. Users' awareness of personal safety and security is increasing.

REVOLAR, the global leader in the personal safety device industry, and CERIMANI, a New York-based brand that creates truly unique and elegant jewellery, announced the formation of a new partnership in May 2018 to introduce an innovative line of jewellery designed to encase the REVOLAR Instinct, a multi-featured personal safety device, within a beautifully handcrafted locket designed by Cerimani.



Frequently Asked Questions
Smart Personal Safety and Security Device Market is predicted to grow at 11.43% through forecast period of 2020-2027
By 2027, worth USD 12.8 billion is estimated for the Global Smart Personal Safety and Security Device Market.
Over the projected period, the worldwide Smart Personal Safety and Security Device Market is expected to increase due to rising demand for sophisticated Smart Devices with advanced features and new product innovations in the wrist and neck wear sectors.
DAQRI, Force Impact Technologies ,Ericsson ,iBeat ,Fitbit ,UnaliWear ,Honeywell International ,General Electric ,Revolar ,Safelet

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