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Smart Personal Safety and Security Device Market Size, Share, and Analysis, By Product (Finger Wear, Head Wear, Neck Wear, and Others), By Type (Safety Device, Security Device), By Technology (Network Technology, Positioning, Sensor, Speech Recognition, and Others), By Industry Vertical (BFSI, Healthcare, Telecommunication, Defense, Consumer Electronics, & Others), By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2023-2032

February 2024 | 468 pages | ID: S9466E852D76EN
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Smart Personal Safety and Security Device Market Size, Share, and Analysis, By Product (Finger Wear, Head Wear, Neck Wear, and Others), By Type (Safety Device, Security Device), By Technology (Network Technology, Positioning, Sensor, Speech Recognition, and Others), By Industry Vertical (BFSI, Healthcare, Telecommunication, Defense, Consumer Electronics, & Others), By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2023-2032

PRODUCT OVERVIEW

Smart Personal Safety and Security Device Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 9.9% during the forecast period from 2023 t%li%2032. In 2022, the market size was assessed at USD 31.2 billion and is expected t%li%reach USD 80.3 billion by the conclusion of 2032.

Smart Personal Safety and Security Device is a compact and innovative tool designed t%li%improve the safety and security of an individual. These devices typically include GPS tracking, emergency alerts, distress signaling, and connectivity t%li%emergency services or designated contacts. They are easily wearable or portable, providing assurance in a variety of emergency situations. Additionally, certain devices have sensors that can identify falls or strange movements and send out instant alerts t%li%the assigned contacts. Furthermore, these devices enable real-time location sharing with verified contacts and provide direct communication for immediate assistance. Therefore, smart personal safety & security devices are designed t%li%support users by providing prompt assistance and alerting the authorities about potential threats, which provides reassurance and safety measure in uncertain circumstances.

MARKET HIGHLIGHTS

Smart Personal Safety and Security Device Market is projected t%li%achieve USD 80.3 billion, showcasing a substantial compound annual growth rate (CAGR) of 9.9% during the forecast period, owing t%li%increasing concerns about personal safety and continuous technological advancements. Wearable devices, such as smart jewelry, GPS trackers, and smartwatches, are becoming increasingly advanced and offers crucial features such as real-time surveillance, emergency alerts, and health monitoring. Additionally, the smart personal safety and security device market attracts a diverse range of players, including established technology firms and emerging startups, which promotes convenience and affordability for senior citizens and sole individuals. Therefore, despite privacy concerns, key market players are constantly increasing their partnerships with emergency services and raising awareness, which is contributing t%li%high adoption rates of safety devices.

Smart Personal Safety and Security Device Market Segments:
  • By Technology
  • Network Technology
  • Positioning
  • Sensor
  • Speech Recognition
  • Others
  • By Product
  • Finger Wear
  • Head Wear
  • Neck Wear
  • Others
  • By Type
  • Safety Device
  • Security Device
  • By Industry Vertical
  • BFSI
  • Healthcare
  • Telecommunication
  • Defence
  • Consumer Electronics
  • Others
MARKET DYNAMICS

Growth Drivers

Rising Demand for Personal Safety and Security Devices Will Propel the Market Expansion

Technological Developments in Safety and Security Equipment Will Support Market Growth

Restraint

Concerns About Privacy will be a Major Impediment t%li%the Market

Key Players
  • ADT Inc.
  • Honeywell International Inc.
  • Unaliwear Inc.
  • Bosch Security Systems
  • Fitbit
  • Revolar
  • Ring
  • Safelet
  • Abode Systems
  • Nest Lab
  • KORE Wireless
  • McDavid
  • Force Impact Technologies L.L.C
  • JARVISH Inc.
  • Mammut Sports Group AG
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons t%li%Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
      • Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
    • The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
    • Provides insight int%li%the market through Value Chain
    • Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
  • 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY

1.1. Regional Market Share
1.2.Business Trends
1.3.Smart Personal Safety and Security Device Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
  2.5.1. Paid Sources
  2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1.Market Definition
3.2.Smart Personal Safety and Security Device Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data

4.SMART PERSONAL SAFETY AND SECURITY DEVICE MARKET – INDUSTRY INSIGHTS

4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability

5. MACROECONOMIC INDICATORS

6. RECENT DEVELOPMENTS

7. MARKET DYNAMICS

7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends

8.RISK ANALYSIS

9. MARKET ANALYSIS

9.1.Porters Five Forces
9.2. PEST Analysis
  9.2.1.Political
  9.2.2. Economic
  9.2.3. Social
  9.2.4. Technological

10.SMART PERSONAL SAFETY AND SECURITY DEVICE MARKET

10.1.Overview
10.2. Historical Analysis (2019-2021)
  10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

11. SMART PERSONAL SAFETY AND SECURITY DEVICE MARKET SIZE & FORECAST 2022A-2032F

11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
  11.3.1. By Technology
    11.3.1.1. Networking Technology
      11.3.1.1.1.By Value (USD Million) 2022-2032F
      11.3.1.1.2. Market Share (%) 2022-2032F
      11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
    11.3.1.2.Positioning
      11.3.1.2.1. By Value (USD Million) 2022-2032F
      11.3.1.2.2.Market Share (%) 2022-2032F
      11.3.1.2.3.Y-o-Y Growth (%) 2022-2032F
    11.3.1.3.Sensor
      11.3.1.3.1. By Value (USD Million) 2022-2032F
      11.3.1.3.2.Market Share (%) 2022-2032F
      11.3.1.3.3.Y-o-Y Growth (%) 2022-2032F
    11.3.1.4.Speech Recognition
      11.3.1.4.1. By Value (USD Million) 2022-2032F
      11.3.1.4.2.Market Share (%) 2022-2032F
      11.3.1.4.3.Y-o-Y Growth (%) 2022-2032F
  11.3.2. By Type
    11.3.2.1.Safety Devices
      11.3.2.1.1. By Value (USD Million) 2022-2032F
      11.3.2.1.2.Market Share (%) 2022-2032F
      11.3.2.1.3.Y-o-Y Growth (%) 2022-2032F
    11.3.2.2. Security Devices
      11.3.2.2.1.By Value (USD Million) 2022-2032F
      11.3.2.2.2. Market Share (%) 2022-2032F
      11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
  11.3.3.By Industry
    11.3.3.1 BFSI
      11.3.3.1.1By Value (USD Million) 2022-2032F
      11.3.3.1.2 Market Share (%) 2022-2032F
      11.3.3.1.3 Y-o-Y Growth (%) 2022-2032F
    11.3.3.2Healthcare
      11.3.3.2.1 By Value (USD Million) 2022-2032F
      11.3.3.2.2Market Share (%) 2022-2032F
      11.3.3.2.3Y-o-Y Growth (%) 2022-2032F
    11.3.3.3Telecommunication
      11.3.3.3.1 By Value (USD Million) 2022-2032F
      11.3.3.3.2Market Share (%) 2022-2032F
      11.3.3.3.3Y-o-Y Growth (%) 2022-2032F
    11.3.3.4Defense
      11.3.3.4.1 By Value (USD Million) 2022-2032F
      11.3.3.4.2Market Share (%) 2022-2032F
      11.3.3.4.3Y-o-Y Growth (%) 2022-2032F
    11.3.3.5Consumer Electronics
      11.3.3.5.1 By Value (USD Million) 2022-2032F
      11.3.3.5.2Market Share (%) 2022-2032F
      11.3.3.5.3Y-o-Y Growth (%) 2022-2032F
  11.3.4 By Product
    11.3.4.1 Finger Wear
      11.3.4.1.1By Value (USD Million) 2022-2032F
      11.3.4.1.2 Market Share (%) 2022-2032F
      11.3.4.1.3 Y-o-Y Growth (%) 2022-2032F
    11.3.4.2Head Wear
      11.3.4.2.1 By Value (USD Million) 2022-2032F
      11.3.4.2.2Market Share (%) 2022-2032F
      11.3.4.2.3Y-o-Y Growth (%) 2022-2032F
    11.3.4.3Neck Wear
      11.3.4.3.1 By Value (USD Million) 2022-2032F
      11.3.4.3.2Market Share (%) 2022-2032F
      11.3.4.3.3Y-o-Y Growth (%) 2022-2032F
    11.3.4.4Others
      11.3.4.4.1 By Value (USD Million) 2022-2032F
      11.3.4.4.2Market Share (%) 2022-2032F
      11.3.4.4.3Y-o-Y Growth (%) 2022-2032F

12.NORTH AMERICA SMART PERSONAL SAFETY AND SECURITY DEVICE MARKET SIZE & FORECAST 2022A-2032F

12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1.By Technology
  12.3.2. By Type
  12.3.3. By Industry
  12.3.4. By Product
12.4. Country
  12.4.1. United States
  12.4.2. Canada

13.EUROPE SMART PERSONAL SAFETY AND SECURITY DEVICE MARKET SIZE & FORECAST 2022A-2032F

13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1.By Technology
  13.3.2. By Type
  13.3.3. By Industry
  13.3.4. By Product
13.4.Country
  13.4.1. Germany
  13.4.2.United Kingdom
  13.4.3.France
  13.4.4.Italy
  13.4.5.Spain
  13.4.6.Russia
  13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

14.ASIA-PACIFIC SMART PERSONAL SAFETY AND SECURITY DEVICE MARKET SIZE & FORECAST 2022A-2032F

14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
  14.3.1. By Technology
  14.3.2.By Type
  14.3.3.By Industry
  14.3.4.By Product
14.4. Country
  14.4.1. India
  14.4.2.China
  14.4.3.South Korea
  14.4.4.Japan
  14.4.5.Rest of APAC

15.MIDDLE EAST AND AFRICA SMART PERSONAL SAFETY AND SECURITY DEVICE MARKET SIZE & FORECAST 2022A-2032F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1.By Technology
  15.3.2. By Type
  15.3.3. By Industry
  15.3.4. By Product
15.4.Country
  15.4.1. Israel
  15.4.2.GCC
  15.4.3.North Africa
  15.4.4.South Africa
  15.4.5.Rest of Middle East and Africa

16. LATIN AMERICA SMART PERSONAL SAFETY AND SECURITY DEVICE MARKET SIZE & FORECAST 2022A-2032F

16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
  16.3.1.By Technology
  16.3.2. By Type
  16.3.3. By Industry
  16.3.4.By Product
16.4.Country
  16.4.1. Mexico
  16.4.2.Brazil
  16.4.3.Rest of Latin America

17. COMPETITIVE LANDSCAPE

17.1.Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders

18. COMPANY PROFILES

18.1. ADT Inc.
  18.1.1.Company Overview
  18.1.2. Financial Overview
  18.1.3. Key Product; Analysis
  18.1.4. Company Assessment
    18.1.4.1. Product Portfolio
    18.1.4.2. Key Clients
    18.1.4.3.Market Share
    18.1.4.4.Recent News & Development (Last 3 Yrs.)
    18.1.4.5.Executive Team
18.2. Honeywell International Inc.
18.3. Unaliwear Inc.
18.4. Bosch Security Systems
18.5. Fitbit
18.6. Revolar
18.7. Ring
18.8. Safelet
18.9. Abode Systems
18.10.Nest Lab
18.11.KORE Wireless
18.12. McDavid
18.13. Force Impact Technologies L.L.C
18.14.JARVISH Inc.
18.15. Mammut Sports Group AG
18.16. Other Prominent Players

19. APPENDIX

20.CONSULTANT RECOMMENDATION



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