Smart Personal Safety and Security Device Market is Expected to grow at USD 11 billion, at a CAGR of 17.1% by 2022-2030
Research Reports
Mar 14, 2023
Smart Personal Safety and Security Device Market Insights
According to MRFR analysis, the global Smart Personal Safety And Security Device Market is expected to register a CAGR of ~17.1% from 2022 to 2030 and hold a value of over USD 11 billion by 2030.
Smart personal safety and security devices are electronic devices that are designed to enhance the personal safety and security of individuals. These devices can include a variety of features, such as GPS tracking, emergency alerts, and two-way communication. They can take the form of wearable devices, such as smartwatches or fitness trackers, or standalone devices, such as personal alarms. In terms of the COVID-19 pandemic, smart personal safety and security devices have been used to help individuals stay safe and secure while navigating the challenges posed by the virus. For example, personal safety devices with GPS tracking have been used to help locate and assist individuals who have been exposed to or infected with the virus and are in isolation or quarantine.
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Smart Personal Safety and Security Device Market Key Players
Some of the key market players are
- Force Impact Technologies Inc
- Ericsson
- Honeywell International Inc.
- Daqri LLC
- Unaliwear, Inc.
- Huawei Technologies Co. Ltd.
- General Electric Company
- Fitbit, Inc.
- Revolar, Inc.
- ADT, Inc.
- Safelet B.V.
- KORE Wireless Group.
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Smart Personal Safety and Security Device Market Regional Analysis
The North American region is expected to dominate the smart device market. The reason for this is attributed to both the involvement of companies that manufacture smart devices, as well as new advancements in communication technology. In terms of safety and security, these advancements have made users more aware of the risks associated with using smart devices. As a result, the North American region is expected to see the largest growth in this market.
Smart Personal Safety and Security Device Market Segmentation
The Global Smart Personal Safety and Security Device market has been segmented into type, and end user.
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Based on the type, the market has been segmented into Smart Personal Security (Wearable Devices (Bracelets, Pendant, Ring, and Other Devices), Bulletproof Bags, Personal Alarms, Panic Button, Fall Detection Devices, and Other Devices), Smart Personal Safety (Smart Helmet, Smart Mouth Guard, Smart Knee Guard, Other Devices).
Based on the end user, the market has been segmented into Consumers, Defense, Factories, BFSI, Healthcare, Telecommunications, and Others.
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