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Add to CartGlobal Smart Personal Safety and Security Device Market Growth, Share, Size, Trends and Forecast (2024 - 2030)
By Type;
Smart Personal Security - Bulletproof Bags, Personal Alarm, Panic Button, Fall Detection Device, Other Devices & Wearable Devices, Smart Personal Safety - Smart Helmet, Smart Mouth Guard, Smart Knee Guard, and Other Devices.By Technology;
Network Technology, Positioning, Sensor, Speech Recognition, and Others.By Product;
Finger Wear, Head Wear, Neck Wear, and Other.By Application;
Consumers, Defense, Factories, BFSI, Healthcare, and Telecommunications.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).Introduction
Global Smart Personal Safety and Security Device Market (USD Million), 2020 - 2030
In the year 2023, the Global Smart Personal Safety and Security Device Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%.
The Global Smart Personal Safety and Security Device Market is a rapidly evolving sector driven by the increasing focus on personal safety and security in today's interconnected world. Smart personal safety devices leverage advanced technologies to provide individuals with enhanced protection and peace of mind in various settings, ranging from urban environments to workplaces and outdoor activities.
The market is characterized by a diverse range of innovative products and solutions designed to address a wide array of safety concerns. These devices incorporate features such as real-time tracking, emergency alerts, biometric authentication, and integration with smart home ecosystems, offering users comprehensive protection and connectivity.
Factors such as rising crime rates, safety awareness, technological advancements, and lifestyle changes contribute to the growing demand for smart personal safety and security devices globally. Additionally, increasing urbanization, the expansion of the middle class in emerging economies, and the proliferation of wearable technology further drive market growth.
Key players in the industry continually innovate to develop new products, improve existing technologies, and expand their market reach through strategic partnerships and collaborations. Furthermore, innovative business models, such as subscription-based services and bundled offerings, are reshaping the market landscape and enhancing accessibility to smart safety solutions.
Global Smart Personal Safety and Security Device Market Recent Developments & Report Snapshot
Recent Developments:
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In 2021, Teledyne FLIR introduced robust thermal cameras, the A500f/700F, equipped with advanced sensors and smart technology, tailored for detecting fires and high temperatures in harsh environments. These cameras feature on-board analytics and alarm systems, making them ideal for monitoring industrial fires and promptly identifying potential hazards.
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In 2021, Fitbit launched the Fitbit Luxe Special and Fitbit Luxe Edition smart trackers, designed to resemble jewelry while incorporating sophisticated sensor technology. These trackers offer comprehensive health monitoring, including heart rate variability, breathing rate, and resting heart rate, among other metrics.
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In 2020, Climax Technologies unveiled a compact wireless panic button called the BR1-WRTSB, which utilizes Bluetooth connectivity. This emergency pendant, compatible with smartphone applications, provides a quick and easy way to summon help during emergencies, whether at home or on the go.
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In November 2019, Google made a significant acquisition by purchasing Fitbit for a staggering sum of USD 2.1 billion. This move was seen as Google's entry into the health and activity tracking market, leveraging Fitbit's established presence in the industry. Additionally, Google already offers smartwatches running on Wear OS, a customized version of its Android operating system, further enhancing its capabilities in this domain.
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In October 2019, ADT, Inc. announced its acquisition of i-View Now, a leading provider of video alarm verification services. This strategic move aimed to address the issue of false alarms and enhance the efficiency of emergency response services. By integrating i-View Now's verification technology with ADT's core monitoring strengths, the company sought to optimize the prioritization of responses to alarms.
| Parameters | Description |
|---|---|
| Market | Global Smart Personal Safety and Security Device Market |
| Study Period | 2020 - 2030 |
| Base Year (for Smart Personal Safety and Security Device Market Size Estimates) | 2023 |
| Drivers |
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| Restraints |
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| Opportunities |
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Segment Analysis
In terms of type, the market encompasses various devices designed to enhance personal safety and security, including wearables (such as smartwatches and fitness trackers with safety features), standalone devices (such as panic buttons and personal alarms), and integrated systems (such as smart home security systems with personal safety features).
From a technological perspective, smart personal safety and security devices leverage a range of technologies to provide advanced functionality. These technologies may include GPS for location tracking, Bluetooth for wireless connectivity, biometric sensors for health monitoring, artificial intelligence for predictive analytics, and cloud computing for data storage and remote access.
In terms of applications, smart personal safety and security devices serve a diverse range of purposes, including personal protection in various settings (such as urban environments, workplaces, and outdoor activities), emergency response and assistance (such as medical alerts and SOS notifications), and home security and monitoring (such as intrusion detection and surveillance).
Product-wise, the market offers a wide array of smart safety devices tailored to different user needs and preferences. These products may include discreet wearable devices designed for everyday use, ruggedized devices optimized for outdoor activities or industrial settings, and comprehensive home security systems offering integrated personal safety features.
Geographically, the market for smart personal safety and security devices is global in scope, with demand driven by factors such as population density, urbanization rates, crime rates, regulatory frameworks, and consumer preferences. While developed regions such as North America and Europe exhibit high adoption rates due to greater awareness and disposable income levels, emerging economies in Asia Pacific and Latin America present significant growth opportunities driven by rising urbanization and increasing awareness of personal safety concerns.
Global Smart Personal Safety and Security Device Segment Analysis
In this report, the Global Smart Personal Safety and Security Device Market has been segmented by Type, Technology, Product, Application and Geography.
Global Smart Personal Safety and Security Device Market, Segmentation by Type
The Global Smart Personal Safety and Security Device Market has been segmented by Type into Smart Personal Security - Bulletproof Bags, Personal Alarm, Panic Button, Fall Detection Device and Wearable Devices, Smart Personal Safety - Smart Helmet, Smart Mouth Guard, Smart Knee Guard and Other.
Under Smart Personal Security, several subcategories exist, including Bulletproof Bags, Personal Alarms, Panic Buttons, Fall Detection Devices, and Wearable Devices. Bulletproof Bags offer discreet protection for individuals in potentially dangerous situations, combining the functionality of a regular bag with enhanced security features.
Personal Alarms provide audible alerts in emergency situations, drawing attention to the user and potentially deterring attackers. Panic Buttons offer a quick and discreet way to call for help in emergencies, often with GPS capabilities for precise location tracking.
Fall Detection Devices utilize sensors to detect falls and automatically alert emergency contacts or medical services. Wearable Devices encompass a wide range of products, including smartwatches, fitness trackers, and jewelry-like devices, which integrate personal security features such as GPS tracking, SOS buttons, and emergency contact capabilities.
In the Smart Personal Safety category, various specialized devices cater to specific safety needs. Smart Helmets incorporate advanced features such as built-in cameras, communication systems, and impact sensors to enhance safety for cyclists, motorcyclists, and workers in hazardous environments.
Smart Mouth Guards are designed for contact sports and activities, offering impact detection and concussion monitoring capabilities to reduce the risk of head injuries. Smart Knee Guards utilize sensors and real-time monitoring to provide feedback on posture, movement, and potential injuries, particularly useful for athletes and workers in physically demanding professions.Additionally, other innovative devices, such as smart clothing with embedded sensors or personal air quality monitors, contribute to personal safety and well-being in various contexts.
Global Smart Personal Safety and Security Device Market, Segmentation by Technology
The Global Smart Personal Safety and Security Device Market has been segmented by Technology into Network Technology, Positioning, Sensor, Speech Recognition and Others.
Network Technology stands as a fundamental aspect, facilitating communication between devices and enabling features such as real-time alerts and remote monitoring. This includes technologies like Bluetooth, Wi-Fi, and cellular connectivity, which allow smart safety devices to transmit data, receive updates, and interact with other connected devices within a networked environment.
Positioning technology plays a crucial role in providing accurate location tracking and geolocation services, enhancing the effectiveness of smart personal safety devices, particularly in emergency situations. GPS (Global Positioning System) and GNSS (Global Navigation Satellite System) technologies enable precise location identification, allowing users to transmit their coordinates to emergency responders or designated contacts, facilitating rapid assistance and rescue operations.
Sensor technology forms the backbone of smart personal safety devices, enabling them to detect various environmental factors, physiological parameters, and user interactions. Sensors such as accelerometers, gyroscopes, and proximity sensors enable functionalities such as fall detection, motion sensing, and environmental monitoring, enhancing the device's ability to respond to potential threats and hazards.
Speech recognition technology empowers smart personal safety devices with voice command capabilities, enabling hands-free operation and intuitive interaction. This technology allows users to trigger emergency alerts, make calls, or access features using voice commands, enhancing usability and accessibility, particularly in situations where manual operation may be difficult or impractical.
Other emerging technologies, such as biometric authentication, artificial intelligence (AI), and edge computing, contribute to the advancement of smart personal safety devices by enhancing security, enabling personalized features, and improving overall performance and responsiveness. These technologies drive innovation and differentiation in the market, enabling manufacturers to develop more sophisticated and effective solutions to address evolving safety and security needs.
Global Smart Personal Safety and Security Device Market, Segmentation by Product
The Global Smart Personal Safety and Security Device Market has been segmented by Product into Finger Wear, Head Wear, Neck Wear and Other.
Finger Wear comprises wearable devices designed to be worn on the fingers or hand, offering discreet and portable safety features. These devices may include smart rings or finger-mounted sensors equipped with panic buttons, GPS tracking, or biometric authentication capabilities, providing users with quick access to emergency assistance and location tracking.
Head Wear encompasses smart safety devices worn on the head, such as smart helmets or head-mounted cameras, designed to enhance safety and situational awareness in various activities and environments. Smart helmets may feature built-in sensors, communication systems, and impact detection technology to protect users from head injuries, particularly in sports, cycling, or industrial settings. Head-mounted cameras offer video recording and live streaming capabilities, enabling users to document incidents or share their experiences in real-time.
Neck Wear includes wearable devices worn around the neck, such as smart necklaces or pendants, which integrate personal safety features and communication functionalities. These devices may include SOS buttons, GPS tracking, and voice command capabilities, providing users with a discreet and accessible means of calling for help or alerting emergency contacts in threatening situations.
Other categories within the Product segmentation may encompass a wide range of innovative smart safety devices that do not fit into the predefined categories of Finger Wear, Head Wear, or Neck Wear. This may include smart clothing with embedded sensors, personal air quality monitors, or wearable panic alarms disguised as fashion accessories, offering users diverse options for enhancing personal safety and security in various contexts.
Global Smart Personal Safety and Security Device Market, Segmentation by Application
The Global Smart Personal Safety and Security Device Market has been segmented by Application into Consumers, Defense, Factories, BFSI, Healthcare and Telecommunications.
Consumers represent a significant segment of the market, encompassing individuals seeking to enhance their personal safety and security in various aspects of daily life. Smart personal safety devices cater to consumers' needs for protection in urban environments, during outdoor activities, and in emergency situations, offering features such as GPS tracking, SOS alerts, and real-time communication capabilities.
The Defense sector represents another important end user of smart personal safety and security devices, leveraging advanced technologies to enhance the safety and effectiveness of military personnel in combat and training environments. These devices may include wearable sensors, communication systems, and biometric authentication solutions, enabling soldiers to monitor vital signs, communicate with teammates, and receive real-time updates on threats and situational awareness.
Factories and industrial settings benefit from smart personal safety devices designed to mitigate workplace hazards and enhance employee safety. These devices may include wearable sensors, smart helmets, and IoT-enabled safety equipment, providing workers with real-time monitoring of environmental conditions, hazardous exposure levels, and emergency response capabilities to prevent accidents and injuries in high-risk environments.
The BFSI (Banking, Financial Services, and Insurance) sector utilizes smart personal safety devices to enhance security and protect employees and customers in banking branches, ATMs, and other financial institutions. Panic buttons, silent alarms, and biometric authentication solutions are deployed to deter crime, trigger rapid response from security personnel, and ensure the safety of employees and customers in potentially threatening situations.
In the Healthcare sector, smart personal safety devices play a crucial role in protecting healthcare workers, patients, and visitors in hospitals, clinics, and medical facilities. Wearable panic buttons, patient monitoring systems, and IoT-enabled safety devices help prevent workplace violence, ensure patient safety, and enable timely response to medical emergencies, enhancing overall security and well-being in healthcare environments.
Telecommunications companies utilize smart personal safety devices to enhance the safety and security of employees working in the field, such as technicians, engineers, and service personnel. GPS tracking, communication systems, and emergency alert features enable telecommunications workers to stay connected, summon assistance in hazardous situations, and receive timely support during emergencies, improving overall safety and operational efficiency.
Global Smart Personal Safety and Security Device Market, Segmentation by Geography
In this report, the Global Smart Personal Safety and Security Device Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Smart Personal Safety and Security Device Market Share (%), by Geographical Region, 2023
North America has asserted its dominance in the smart personal safety and security device market, primarily due to the swift integration of technology and the presence of advanced infrastructure. This leadership position is further reinforced by proactive efforts from companies to educate consumers about the benefits of these devices. Moreover, continuous advancements in communication technology and a steadfast commitment to enhancing safety measures have solidified North America's stronghold in this market segment.
The Asia Pacific region is poised for substantial growth, fueled by escalating safety concerns among its populace. This surge is driven by a heightened awareness of safety issues and a growing inclination towards adopting innovative safety devices across diverse demographics. Additionally, the region's burgeoning population and rapid urbanization, coupled with technological progress, are fostering a burgeoning middle class with increased purchasing power. Consequently, there's a heightened emphasis on personal safety, leading to a notable uptake of innovative safety solutions in the Asia Pacific market.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Smart Personal Safety and Security Device Market. These factors include; Market Drivers, Restraints and Opportunities Analysis, Market Opportunity Mapping.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Increasing demand for personal safety and security device
- Growing concerns regarding women and children safety
- Technological Developments
- Aging Population and Health Monitoring
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Increasing Disposable Income- The increasing disposable income globally presents a significant opportunity for the growth of the smart personal safety and security device market. As disposable incomes rise, individuals have greater purchasing power to invest in products and services that enhance their safety and security. With higher disposable incomes, consumers are more willing to allocate funds towards preventive measures, including smart personal safety devices, to protect themselves and their loved ones. These devices offer peace of mind and assurance, especially in urban environments or during travel, where safety concerns may be heightened.
Moreover, as disposable incomes increase, consumers may be more inclined to upgrade to advanced and feature-rich smart safety devices that offer additional functionalities such as real-time tracking, biometric authentication, and integration with smart home ecosystems. The growing middle-class population in emerging economies, fueled by rising disposable incomes, presents a particularly lucrative market segment for smart personal safety devices. As more individuals join the middle class, there is a greater emphasis on personal safety and well-being, driving demand for innovative safety solutions. Furthermore, increasing disposable incomes contribute to the expansion of the global market for wearable technology, including smart personal safety devices. Consumers are more willing to invest in wearable devices that offer both style and functionality, further driving adoption and market growth.
Restraints:
- Risk associated with personal safety software
- Concerns About Privacy will be a Major Impediment to the Market
- Reliance on Battery Power
- Regulatory Compliance Challenges
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Cultural and Social Factors- Cultural and social factors play a significant role in shaping the adoption and acceptance of smart personal safety and security devices globally. Cultural attitudes towards personal safety, privacy, and technology vary across regions and demographics, influencing consumer preferences and purchasing decisions. In some cultures, there may be a stigma associated with wearing or using safety devices, particularly if they are perceived as intrusive or unnecessary. Conversely, in cultures with a strong emphasis on personal security and protection, smart safety devices may be embraced more readily as practical tools for enhancing safety and peace of mind.
Social norms and peer influences also impact the adoption of smart safety devices. In societies where safety concerns are prevalent or where technological innovation is highly valued, there may be greater acceptance and uptake of these devices. Conversely, in societies where traditional methods of ensuring safety are prevalent or where there is skepticism towards new technologies, adoption may be slower. Furthermore, factors such as trust in institutions, government regulations, and the availability of support infrastructure can also influence the adoption of smart safety devices. Building trust, addressing privacy concerns, and tailoring products to cultural preferences are essential for success in the global smart personal safety and security device market.
Opportunities:
- Surging product launches
- Increasing use of smart wearables
- Market Penetration in Emerging Economies
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Innovative Business Models- Innovative business models are shaping the landscape of the global smart personal safety and security device market, offering diverse approaches to address consumer needs and market dynamics. Subscription-based services have emerged as a popular model, allowing consumers to access smart safety devices and associated services for a recurring fee. This model provides affordability and flexibility, enabling users to access the latest technology without the upfront cost of purchasing hardware. Another innovative approach is the integration of smart safety devices into broader service offerings, such as insurance packages or home security systems.
By bundling smart safety devices with complementary products or services, companies can provide comprehensive solutions that appeal to consumers seeking holistic safety and security solutions. Pay-per-use models offer consumers the flexibility to pay only for the services they use, whether it's emergency response assistance or premium features on smart devices. This model caters to budget-conscious consumers while ensuring that they have access to essential safety services when needed. Additionally, collaborations and partnerships between device manufacturers, technology companies, and service providers enable innovative business models. By leveraging each other's strengths and resources, companies can create value-added propositions and expand their reach in the market.
Competitive Landscape Analysis
Key players in Global Smart Personal Safety and Security Device Market include:
- Force Impact Technologies, Inc
- Ericsson
- Honeywell International Inc
- Daqri, Llc
- Unaliwear, Inc
- Huawei Technologies Co. Ltd.
- General Electric Company
- Fitbit, Inc (Subsidiary Of Google Inc.)
- Revolar, Inc
- Trackimo
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Technology
- Market Snapshot, By Product
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Smart Personal Safety and Security Device Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing demand for personal safety and security device
- Growing concerns regarding women and children safety
- Technological Developments
- Aging Population and Health Monitoring
- Increasing Disposable Income
- Restraints
- Risk associated with personal safety software
- Concerns About Privacy will be a Major Impediment to the Market
- Reliance on Battery Power
- Regulatory Compliance Challenges
- Cultural and Social Factors
- Opportunities
- Surging product launches
- Increasing use of smart wearables
- Market Penetration in Emerging Economies
- Innovative Business Models
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Smart Personal Safety and Security Device Market, By Type, 2020 - 2030 (USD Million)
- Smart Personal Security
- Bulletproof Bags
- Personal Alarm
- Panic Button
- Fall Detection Device
- Wearable Devices
- Smart Personal Safety
- Smart Helmet
- Smart Mouth Guard
- Smart Knee Guard
- Other
- Smart Personal Security
- Global Smart Personal Safety and Security Device Market, By Technology, 2020 - 2030 (USD Million)
- Network Technology
- Positioning
- Sensor
- Speech Recognition
- Others
- Global Smart Personal Safety and Security Device Market, By Product, 2020 - 2030 (USD Million)
- Finger Wear
- Head Wear
- Neck Wear
- Other
- Global Smart Personal Safety and Security Device Market, By Application, 2020 - 2030 (USD Million)
- Consumers
- Defense
- Factories
- BFSI
- Healthcare
- Telecommunications
- Global Smart Personal Safety and Security Device Market, By Geography, 2020 - 2030 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Smart Personal Safety and Security Device Market, By Type, 2020 - 2030 (USD Million)
- Competitive Landscape
- Company Profiles
- Force Impact Technologies, Inc
- Ericsson
- Honeywell International Inc
- Daqri, Llc
- Unaliwear, Inc
- Huawei Technologies Co. Ltd.
- General Electric Company
- Fitbit, Inc (Subsidiary Of Google Inc.)
- Revolar, Inc
- Trackimo
- Company Profiles
- Analyst Views
- Future Outlook of the Market