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Data Bridge Market Research analyses that the Smart Personal Safety and Security Device Market is expected to reach USD 74,420.55 million by 2030, which is USD 40,807.76 million in 2022, registering a CAGR of 7.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Smart personal safety and security devices have played a major role to ensuring the complete security and safety of the end-users. Nowadays, governments of various countries highlighted the importance of personal safety and security. The security system is important for personal, business and commercial purposes. These solutions are extensively being deployed for surveillance, monitoring, protection and integration services Outdoor enthusiasts are demanding these products on a large scale and this is likely to enhance the market growth during the forecast period.
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Key Opportunities:
- Surging product launches in smart personal safety and security device market
The surging product launches and other innovations by major market players offer numerous opportunities for the market growth. For instance, Forcite has launched a smart motorcycle helmet, MK1 In July 2019, equipped with a handlebar-mounted control unit, Bluetooth comms unit and VOIP intercom. These helmets use a LED strip system to connect visually at the periphery of the visual field, therefore confirming better rider safety.
- Increasing use of smart wearables for personnel safety
The increasing use of smart wearables for personnel safety in the industrial environments can influence the demand for the smart Personal Safety and Security Device in the market. According to the analysis by Cisco Systems, number of connected wearable devices is anticipated to reach 1105 million by 2022, compared to 593 million in 2018. This witness the increasing consumer inclination toward connected wearables, providing early threat alerts and emergency assistance in need and gaining real-time information from location/GPS tracking. Therefore, increasing use of smart wearables for personnel safety will further create immense opportunities for the market growth during the forecast period.
Noteworthy Players Operating at Regional and Global Levels:
- Telefonaktiebolaget LM Ericsson (Sweden)
- Honeywell International Inc. (U.S.)
- DAQRI (U.S.)
- Unaliwear Inc. (U.S.)
- Huawei Technologies Co., Ltd. (China)
- General Electric (U.S.)
- Fitbit, Inc. (U.S.)
- (U.S.)
- ADT (U.S.)
- Safelet (U.S.)
- KORE Wireless (U.S.)
- (Canada)
- Force Impact Technologies L.L.C (U.S.)
- JARVISH INC. (Taiwan)
- Mammut Sports Group AG (Switzerland)
- (U.S.)
Recent Development
- In 2021, Teledyne FLIR declared the availability of ruggedized advanced smart sensor-equipped thermal cameras A500f/700F for fire detection and high-temperature in severe settings, comprising on-camera analytics and alarm capabilities. These features are perfect for monitoring of industrial fires and early identification.
- In 2021, Fitbit announced the launch of Fitbit Luxe Special and Fitbit Luxe and Edition smart tracker which has designed like jewellery with advanced sensor technology. This tracker delivers monitoring of heart rate variability, breathing rate, resting heart rate and so on.
- In 2020, Climax Technologies revealed its small wireless panic button, through the introduction of a Bluetooth emergency pendant named BR1-WRTSB. With large support from smartphone applications, this device was designed to help with one press of a button during emergencies, both outside and inside the home.
Global Smart Personal Safety and Security Device Market Segmentation:
Product
- Finger Wear
- Head Wear
- Neck Wear
- Other Segments
Type
- Safety Device
- Smart Helmet
- Smart Mouth Guard
- Smart Knee Guard
- Other Devices
- Security Device
Wearable Devices
- Bracelet, Pendant
- Ring
- Other Devices
 Bulletproof Bags
- Personal Alarm
- Panic Button
- Fall Detection Device
- Other Devices
Technology
- Networking
- Positioning
- Sensor
- Speech Recognition
Industry
- BFSI
- Healthcare
- Telecommunication
- Defense
- Consumer Electronics
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