Global Smart Personal Safety and Security Device Market Size, Trends, and Growth Opportunity, By Product (Finger Wear, Head Wear, Neck Wear, Other Segments), Type (Safety Device, Security Device), Industry (BFSI, Healthcare, Telecommunication, Defense, Consumer Electronics), Technology (Networking Technology, Positioning, Sensor, Speech Recognition) By Region and forecast till 2030.
Global Smart Personal Safety and Security Device Market
The Global Smart Personal Safety and Security Device Market was valued at USD 40907.12 million in 2022 and is slated to reach USD 74452.45 million by 2030 at a CAGR of 7.73 % from 2023-2030.
Devices that are autonomous and user-friendly are considered to be smart personal safety and security devices. These gadgets can rapidly notify loved ones of an emergency with just one press. A third-party tool wirelessly connects smart personal security and safety equipment to the internet.
Market Drivers
The market's rise can be attributed in large part to consumer preference for advanced smart wearables or linked wearables for personal security and protection. The increasing consumer preference for smart wearables such as smart bands, smartwatches, wristbands, and others, as well as the increasing use of smartphone-connected applications, are just a few of the factors contributing to this market expansion. Government programs to increase women's safety through the free distribution of wearable panic buttons along with an uptick in criminal activity such as harassment, abuse, and other crimes will further propel market growth. During the projected period, these factors are expected to support the expansion of the global market for smart personal safety & security devices. The escalating violence, assaults, and related crimes are projected to be a prominent element in the market's growth as concerns about women's and children's safety rise. In addition, variables including working women's increased use of personal safety applications, a sharp increase in crime rates against women, and other similar ones have been linked to the market's expansion. Government regulations that are more stringently enforced to safeguard women and children from abuse facilitate the market's expansion. For instance, the 112 Emergency Response Support System and app were introduced by the Central Government. for offering one number-based support during emergencies, starting in September 2020.
Market Restraints
Due to the ease of smartphone integration, increased consumer acceptance of personal safety software may result in data misuse, exploitation, hacking, and other problems. As an illustration, a third-party vendor by the name of GetHealth announced a security breach in September 2021 that exposed over 61 million records of some of the main manufacturers of wearable devices, including Apple, Microsoft Band, Google Fit, Fitbit, Strava, and Misfit Wearables. Sensitive information including first names with locations and display names, GPS logs, dates of birth, and customer fitness data were compromised as a result of this attack. These elements have had a significant negative impact on market growth over the anticipated term.
Impact of COVID-19
The COVID-19 epidemic, rising demand for personal protective equipment, and rising use of smart wearables for blood oxygen monitoring, fitness tracking, and other purposes were all factors in the market expansion. The government's initiatives to improve healthcare services while emphasizing worker safety & security, together with a quick rise in the adoption of smart safety gloves, smart eyeglasses, smart apparel, and many others by healthcare professionals, will also contribute to the market's growth over time.
Recent Developments
A new generation of fitness trackers will be introduced in India in September 2022, according to Fitbit, an American manufacturer of consumer electronics and fitness products that Google just acquired. Fitbit Versa 4, Fitbit Inspire 3, and Fitbit Sense 2 are among the new models. They have new designs and improved functions.
For the detection of fire and high temperatures in challenging environments, Teledyne FLIR announced the launch of the ruggedized advanced smart sensor-equipped thermal cameras A500f/700F in 2021. These cameras have on-camera analytics and alert capabilities. These characteristics are ideal for the early detection and monitoring of industrial fires.
The Fitbit Luxe Special and Fitbit Luxe and Edition smart trackers, which have been created to look like jewelry and have cutting-edge sensor technology, will go on sale in 2021, according to Fitbit.
Market Segmentation
Global Smart Personal Safety and Security Device Market are segmented By Product, Type, Industry, and Technology. By Products such as Finger Wear, Head Wear, Neck Wear, and Other Segments. By Type such as Safety Device, Security Device. By Industries such as BFSI, Healthcare, Telecommunication, Defense, and Consumer Electronics. By Technology such as Networking Technology, Positioning, Sensors, and Speech Recognition.
Regional Analysis
Global Smart Personal Safety and Security Device Market are segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Due to its swift acceptance of new technologies and well-developed infrastructure, North America leads the world in terms of revenue and market share for smart personal safety and security devices. Due to the significant research and development efforts being made in this region for smart pendants, smart helmets, and personal panic alarms, Asia-Pacific will continue to foresee the greatest growth rate over the projection period of 2023–2030.
Key Players
This report includes a list of numerous Key Players, namely Safelet (U.S.), KORE Wireless (U.S.), and McDavid. (Canada), Force Impact Technologies L.L.C (U.S.), JARVISH INC. (Taiwan), Mammut Sports Group AG (Switzerland), 100Plus. (U.S.), Telefonaktiebolaget LM Ericsson (Sweden), Honeywell International Inc. (U.S.), DAQRI (U.S.), Unaliwear Inc. (U.S.).
Market Taxonomy
By Product
• Finger Wear
• Head Wear
• Neck Wear
• Other Segments
By Type
• Safety Device
• Smart Helmet
• Smart Mouth Guard
• Smart Knee Guard
• Other Devices
• Security Device
By Technology
• Networking
• Positioning
• Sensor
• Speech Recognition
By Industry
• BFSI
• Healthcare
• Telecommunication
• Defense
• Consumer Electronics
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Smart Personal Safety and Security Device Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Smart Personal Safety and Security Device Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Smart Personal Safety and Security Device Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Smart Personal Safety and Security Device Market Share Analysis, By Type
5.3 Global Smart Personal Safety and Security Device Market Size and Forecast, By Type
5.3.1 Safety Device
5.3.2 Smart Helmet
5.3.3 Smart Mouth Guard
5.3.4 Smart Knee Guard
5.3.5 Other Devices
5.3.6 Security Device
6 Global Smart Personal Safety and Security Device Market, By Product
6.1 Y-o-Y Growth Comparison, By Product
6.2 Global Smart Personal Safety and Security Device Market Share Analysis, By Product
6.3 Global Smart Personal Safety and Security Device Market Size and Forecast, By Product
6.3.1 Finger Wear
6.3.2 Head Wear
6.3.3 Neck Wear
6.3.4 Other Segments
7 Global Smart Personal Safety and Security Device Market, By Technology
7.1 Y-o-Y Growth Comparison, By Technology
7.2 Global Smart Personal Safety and Security Device Market Share Analysis, By Technology
7.3 Global Smart Personal Safety and Security Device Market Size and Forecast, By Technology
7.3.1 Networking
7.3.2 Positioning
7.3.3 Sensor
7.3.4 Speech Recognition
8 Global Smart Personal Safety and Security Device Market, By Industry
8.1 Y-O-Y Growth Comparison, By Industry
8.2 Global Smart Personal Safety and Security Device Market Share Analysis, By Industry
8.3 Global Smart Personal Safety and Security Device Market Size and Forecast, By Industry
8.3.1 BFSI
8.3.2 Healthcare
8.3.3 Telecommunication
8.3.4 Defense
8.3.5 Consumer Electronics
9 Global Smart Personal Safety and Security Device Market, By Region
9.1 Global Smart Personal Safety and Security Device Market Share Analysis, By Region
9.2 Global Smart Personal Safety and Security Device Market Share Analysis, By Region
9.3 Global Smart Personal Safety and Security Device Market Size and Forecast, By Region
10 North America Smart Personal Safety and Security Device Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 North America Smart Personal Safety and Security Device Market Share Analysis, By Type
10.3 North America Smart Personal Safety and Security Device Market Size and Forecast, By Product
10.4 North America Smart Personal Safety and Security Device Market Size and Forecast, By Technology
10.5 North America Smart Personal Safety and Security Device Market Size and Forecast, By Industry
10.6 North America Smart Personal Safety and Security Device Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Smart Personal Safety and Security Device Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Europe Smart Personal Safety and Security Device Market Share Analysis, By Type
11.3 Europe Smart Personal Safety and Security Device Market Size and Forecast, By Product
11.4 Europe Smart Personal Safety and Security Device Market Size and Forecast, By Technology
11.5 Europe Smart Personal Safety and Security Device Market Size and Forecast, By Industry
11.6 Europe Smart Personal Safety and Security Device Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4. Rest of Europe
12Asia Pacific Smart Personal Safety and Security Device Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Asia Pacific Smart Personal Safety and Security Device Market Share Analysis, By Type
12.3 Asia Pacific Smart Personal Safety and Security Device Market Size and Forecast, By Product
12.4 Asia Pacific Smart Personal Safety and Security Device Market Size and Forecast, By Technology
12.5 Asia Pacific Smart Personal Safety and Security Device Market Size and Forecast, By Industry
12.6 Asia Pacific Smart Personal Safety and Security Device Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13Latin America Smart Personal Safety and Security Device Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Latin America Smart Personal Safety and Security Device Market Share Analysis, By Type
13.3 Latin America Smart Personal Safety and Security Device Market Size and Forecast, By Product
13.4 Latin America Smart Personal Safety and Security Device Market Size and Forecast, By Technology
13.5 Latin America Smart Personal Safety and Security Device Market Size and Forecast, By Industry
13.6 Latin America Smart Personal Safety and Security Device Market Size and Forecast, By Country
13.6.1. Brazil
13.6.2.Rest of Latin America
15Middle East Smart Personal Safety and Security Device Market Analysis and Forecast (2023-2030)
15.1 Introduction
15.2 Middle East Smart Personal Safety and Security Device Market Share Analysis, By Type
15.3 Middle East Smart Personal Safety and Security Device Market Size and Forecast, By Product
15.4 Middle East Smart Personal Safety and Security Device Market Size and Forecast, By Technology
15.5 Middle East Smart Personal Safety and Security Device Market Size and Forecast, By Industry
15.6 Middle East Smart Personal Safety and Security Device Market Size and Forecast, By Country
15.6.1. Saudi Arabia
15.6.2. UAE
15.6.3. Egypt
15.6.4. Kuwait
15.6.5. South Africa
16Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17Company Profiles
17.1 KORE Wireless (U.S.)
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2 McDavid. (Canada)
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3 Force Impact Technologies L.L.C (U.S.)
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 JARVISH INC. (Taiwan)
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.5 Key Market Developments
17.4.6 Key Strategies
17.5 Mammut Sports Group AG (Switzerland)
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 100Plus. (U.S.)
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 Telefonaktiebolaget LM Ericsson (Sweden)
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8 Honeywell International Inc. (U.S.)
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 DAQRI (U.S.)
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10 Unaliwear Inc. (U.S.)
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies
