Smart Personal Safety and Security Device Market Future Growth, Size Estimation and Forecast to 2025

 Market Research Future published a research report on “Smart Personal Safety and Security Device Market Research Report - Global Forecast till 2025” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2025.

Market Overview

Global Smart Personal Safety and Security Device Market is expected to reach USD 5,503.87 Million by 2025 at a CAGR of 11.00% during the forecast period. Market Research Future (MRFR), in its report, envelops segmentation and drivers to provide a better glimpse of the market in the coming years. Smart personal safety and security devices are used to track location, send alerts in emergencies, and provide safety to the user. These devices are autonomous and are connected wirelessly via the Internet. Personal safety devices are user-friendly and are available in the form of smartwatches, keyrings, rings, and bracelets, among others. These devices are gradually gaining traction among the sports enthusiast and tech-savvy populace across the globe. Furthermore, the increasing crime rates against children and women are driving the demand for these devices.

Segmental Analysis

Global Smart Personal Safety and Security Device Market has been segmented based on Type, End-User, and Region.

Based on type, the global market has been divided into smart personal safety devices and smart personal security devices. Among these, the smart personal security devices segment dominated the global smart personal safety and security device market in 2019 and is expected to register a CAGR of 11.14% during the forecast period. wearable devices, bulletproof bags, personal alarm, panic button, and fall detection device among others are used by individuals to ensure maximum safety. Also, smart helmet, smart mouth guard, smart knee guard, and other devices are used by individuals for personal safety.

Based on end user, the global market has been segmented into consumers, factories, defense, BFSI, healthcare, telecommunications, and others. Among these, the consumer segment dominated the global market in 2019 and is estimated to record a CAGR of 13.35%. The consumption of smart personal safety and security device among the consumers is expected to grow at a significant rate. The advanced features, ease of accessibility, and internet connectivity are the major factors driving the adoption of smart personal safety and security devices. Moreover, due to the increasing crime rates, the need for personal security devices such as smart bracelets and smart necklaces has increased. Moreover, the rising concerns for personal healthcare monitoring is another major factor driving the growth of the segment in the global smart personal safety and security device market.

Based on the region, the smart personal safety and security device market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. The North American region dominated the smart personal safety and security device market, accounting for a value of USD 907.24 million in 2019; it is estimated to register an 11.04% CAGR during the forecast period

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Regional Analysis

The Global Smart Personal Safety and Security Device Market, by region, has been segmented into North America, Europe, Asia-Pacific, the rest of the world. North America accounted for the largest market share of 31.2% in 2019, with a market value of USD 907.2 million; the market is expected to register a CAGR of 11.0% during the forecast period. Asia-Pacific was the second-largest market in 2019, valued at USD 840.9 million; it is projected to register the highest CAGR of 13.5%.

Competitive Analysis

The key players of the global smart personal safety and security device market are Force Impact Technologies Inc. (US), Ericsson (Sweden), Honeywell International Inc. (US), Daqri, LLC (US), Unaliwear, Inc. (US), Huawei Technologies Co. Ltd. (China), General Electric Company (US), Fitbit, Inc. (US), Revolar, Inc. (US), ADT, Inc. (US), Safelet B.V. (The Netherlands), KORE Wireless Group (US), and 100Plus, Inc. (US) among others.

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