Smart Personal Safety & Security Device Market is expected to grow at a CAGR of 7% during the forecast period. Smart Personal Safety & Security Device Market is expected to reach US$ 66.26 Bn. by 2029.
Market Overview:
In the Smart Personal Safety & Security Device market, we delve into the competitive landscape, offering insights into various aspects of key players. This includes their firm overview, financials, revenue generation, market potential, R&D investments, new market initiatives, geographical reach, business strengths, weaknesses, product introductions, and application dominance. Please note that the information provided pertains exclusively to the organization's focus on the Smart Personal Safety & Security Device market.
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Market Scope:
To ascertain market size and segment estimates, we employ both top-down and bottom-up approaches. Our research relies on sale prices (excluding any manufacturer, distributor, wholesaler, or trader discounts). We apply weights based on usage rates and average sale prices to generate percentage splits, market shares, and segment breakdowns. Country-wise divisions of the overall market and its sub-segments are determined by the adoption or usage percentage of the specified market size in the relevant regions or nations.
Drivers:
The primary reason fueling market expansion is the rise in women's, elderly people's, and children's safety and security concerns. The market is expanding as a result of increasing advances toward smart devices with cutting-edge features and inventive product advancements in the wrist and neck wear sectors. Another driver propelling the market's expansion is the growing use of personal security tools, IoT-based smart devices, and new, cutting-edge communication technologies. The market is expanding due to users' quick adoption of numerous safety software programs.
The main element holding back the market's expansion is the high initial cost of personal safety and security equipment.
Segmentation:
We identify market leaders through primary and secondary research and calculate market revenue accordingly. Our primary study includes in-depth interviews with key thought leaders and industry professionals, including front-line staff, CEOs, and marketing executives. Secondary research involves reviewing annual and financial reports of major manufacturers. Secondary data complements primary findings, helping us determine percentage splits, market shares, growth rates, and global market breakdowns.
by Component
Hardware
Software
by End User
BFSI
Healthcare
Telecommunication
Defence
Consumer Electronics
by Technology
Sensor
Network
Navigation
Key Players:
Within the Smart Personal Safety & Security Device market, the key players include:
1. DAQRI
2. Force Impact Technologies
3. Ericsson
4. iBeat
5. Fitbit
6. UnaliWear
7. Honeywell International
8. General Electric
9. Revolar
10. Safelet
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Regional Analysis:
Our research explores individual market influencers and changing market rules that impact current and future trends in various regions. We utilize downstream and upstream value chain analysis, technology trends, Porter's five forces analysis, and case studies to anticipate market scenarios in different nations.
COVID-19 Impact Analysis on Smart Personal Safety & Security Device Market:
We also evaluate COVID-19's effect on the Smart Personal Safety & Security Device market. Our research aims to help users grasp the market's definition, segmentation, potential, significant trends, and challenges across major regions. We provide microeconomic and macroeconomic analyses of COVID-19's overall impact on the Smart Personal Safety & Security Device Market, focusing on market share, size, and the pandemic's implications for the global Smart Personal Safety & Security Device Market in the coming years.
Key Issues Addressed in the Market Report for Smart Personal Safety & Security Device :
What is the projected CAGR of the Smart Personal Safety & Security Device market during the period from 2023 to 2029?
• Which market category is poised to emerge as the leader in the Smart Personal Safety & Security Device industry?
• Who are the prominent players in the Smart Personal Safety & Security Device market?
• What are the key trends expected to shape the Smart Personal Safety & Security Device industry in the forecast period?
• How substantial will the Smart Personal Safety & Security Device market be by 2029?
• In 2020, which business segment held the largest share of the Smart Personal Safety & Security Device market?
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Smart Personal Safety and Security Device Market A new market study, titled “Smart Personal Safety and Security Device Market ” has been featured on Market Research Future.Smart personal safety devices can be used to track location, send alerts in emergency situations and can generally improve a consumers sense of security.
Market Research Future has invest resources towards understanding the global smart personal safety and security device market.
MRFR's predictions indicate that the global smart personal safety and security device market is expected to grow at a healthy CAGR of 13% during the assessment period from 2017 to 2023.More Information@ https://www.marketresearchfuture.com/reports/smart-personal-safety-security-device-market-1866The availability of such devices in the form of normally wearable items provides a covert sense of security which can often come in handy in emergency situations.
Crimes against women and children have a high incidence rate, and the increased security concerns among women who want to go about their normal lives without the stress of an emergency situation are expected to drive demand.
Parents are increasingly investing in such devices for their children to ensure they do not get lost and can be helped in emergency situations.
In the hardware segment, connected wearable, or wearables with cellular connectivity embedded in them are creating great promise and these devices can be used to sent alerts in a timely and discreet manner to deter crimes and minimize personal injuries.
Smart Personal Safety Device MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Smart Personal Safety Device Market.
Market Research Future has invest resources towards understanding the global smart personal safety and security device market.
MRFR’s predictions indicate that the global smart personal safety and security device market is expected to grow at a healthy CAGR of 13% during the assessment period from 2017 to 2023.The availability of such devices in the form of normally wearable items provides a covert sense of security which can often come in handy in emergency situations.
Parents are increasingly investing in such devices for their children to ensure they do not get lost and can be helped in emergency situations.
Another prime application of smart personal safety and security devices are to help monitor and ensure the safety of geriatric individuals.Market SegmentationThe global smart personal safety security device market has been segmented on the basis of component, technology, end-user, and region.
In the hardware segment, connected wearable, or wearables with cellular connectivity embedded in them are creating great promise and these devices can be used to sent alerts in a timely and discreet manner to deter crimes and minimize personal injuries.
