Smart Personal Safety and Security Device Market: Growth Forecast and Opportunities Analysis

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In accordance with the latest findings from TechSci Research outlined in their report the Global Smart Personal Safety and Security Device Market was valued at USD 12.08 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 15.19% through 2029.

This surge is notably driven by the heightened awareness and growing concerns regarding personal safety across the globe. In today’s era of instant information dissemination, individuals are becoming increasingly vigilant about potential threats to their well-being, both in physical and virtual realms. This heightened awareness has led to a rising demand for innovative smart personal safety devices equipped with features such as real-time monitoring, location tracking, and immediate emergency response capabilities.

As incidents of crimes, emergencies, and natural disasters continue to capture public attention, consumers are actively seeking proactive solutions that empower them to take control of their personal safety. Smart devices, including wearables, panic buttons, and connected applications, provide a sense of security by equipping users with tools to swiftly respond to emergencies. This growing awareness and concern for personal safety are creating fertile ground for the expansion of the smart personal safety and security device market, as individuals seek technologically advanced solutions to enhance their safety and peace of mind.

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The continuous evolution of technology plays a pivotal role in driving the global smart personal safety and security device market forward. Technological advancements, ranging from sophisticated sensors to applications of artificial intelligence, are reshaping the landscape of personal safety solutions. These innovations enhance the functionality and effectiveness of smart devices, making them more sophisticated, reliable, and user-friendly.

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.        Markets Covered

1.2.2.        Years Considered for Study

1.3.  Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Formulation of the Scope

2.4.  Assumptions and Limitations

2.5.  Sources of Research

2.5.1.        Secondary Research

2.5.2.        Primary Research

2.6.  Approach for the Market Study

2.6.1.        The Bottom-Up Approach

2.6.2.        The Top-Down Approach

2.7.  Methodology Followed for Calculation of Market Size & Market Shares

2.8.  Forecasting Methodology

2.8.1.        Data Triangulation & Validation

3.    Executive Summary

4.    Voice of Customer

5.    Global Smart Personal Safety and Security Device Market Outlook

5.1.  Market Size & Forecast

5.1.1.        By Value

5.2.  Market Share & Forecast

5.2.1.        By Product (Finger Wear, Head Wear, Neck Wear, Other Segments)

5.2.2.        By Type (Safety Device, Security Device)

5.2.3.        By Technology (Networking Technology, Positioning, Sensor, Speech Recognition)

5.2.4.        By End User (BFSI, Healthcare, Telecommunication, Defense, Consumer Electronics)

5.2.5.        By Region

5.3.  By Company (2023)

5.4.  Market Map

With the integration of advanced technologies, smart personal safety devices now offer features such as biometric recognition, predictive analytics, and seamless connectivity with other smart systems. Wearable devices equipped with advanced sensors can monitor vital signs and detect unusual patterns, providing users with not only real-time safety alerts but also valuable health insights. Furthermore, the integration of these devices into broader smart home ecosystems and the Internet of Things (IoT) contributes to a holistic approach to personal safety.

This relentless pursuit of technological progress not only appeals to tech enthusiasts but also expands the market to a broader audience seeking the benefits of cutting-edge safety solutions. As technological advancements continue to shape the smart personal safety and security device market, the industry is poised for sustained growth, offering consumers increasingly sophisticated tools for safeguarding their well-being.

Major companies operating in the Global Smart Personal Safety and Security Device Market are:

• Telefonaktiebolaget LM Ericsson
• Honeywell International Inc.
• Daqri, LLC
• KONE Wireless Group Inc.
• Huawei Technologies Co., Ltd.
• General Electric Company
• Fitbit, Inc.
• Revolar, Inc.
• ADT Inc.
• Safelet B.V. 

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The Global Smart Personal Safety and Security Device Market is segmented into product, type, technology, end-user, and region. In 2023, the Safety Device segment held the largest market share, driven by features prioritizing personal well-being such as real-time location tracking, health monitoring, and emergency response capabilities. Many safety devices are designed as wearables, including smartwatches, fitness trackers, and personal safety wearables, owing to their convenience, ease of use, and seamless integration into users’ daily lives.

North America, comprising the United States and Canada, is expected to dominate the market due to its robust regulatory framework across various industries. The report “Smart Personal Safety and Security Device Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029” provides valuable insights into the future growth potential of the Global Smart Personal Safety and Security Device Market. It aims to offer cutting-edge market intelligence to assist decision-makers in making informed investment decisions by identifying emerging trends, drivers, challenges, and opportunities in the smart personal safety and security device landscape.

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