Smart Personal Safety and Security Device Market Size and Growth Analysis by General Electric, DAQRI, Honeywell International, Fitbit, Force Impact Technologies, Ericsson, iBeat, UnaliWear, Revolar, Safelet

Global Smart Personal Safety and Security Device Market, by type (smart personal safety and security) Component (Hardware, Software), Technology (Sensor, Network, Navigation), End User (BFSI, Healthcare, Telecommunication, Defence, Consumer Electronics)

DAQRI LLC (U.S), Force Impact Technologies (U.S), Ericsson (Sweden), iBeat (U.S), Fitbit (U.S), UnaliWear Inc. (U.S), Honeywell International, Inc. (U.S), General Electric (U.S), Revolar Inc. (U.S.), and Safelet B.V. (U.S.) are some of the prominent players at the forefront of competition in the Global Smart Personal Safety and Security Device Market and are profiled in MRFR Analysis.

Smart Personal Safety and Security Device Market - Overview
The smart personal safety and security device market is anticipated to showcase a significant growth. Personal safety devices are mostly used to track the user location by notification in emergency situations in the form of text or alarm. These devices can be connected via internet, without the wired connection. These dives are user friendly in nature and are available in the form of smart watch, key rings, rings, bracelets, and others. According to a recent study report published by the Market Research Future, the global market of Smart Personal Safety and Security Devices is booming and expected to gain prominence over the forecast period. The global smart personal safety and security device market is anticipated to grow at 13% CAGR through the forecast period.

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Growing inclination toward smart portable devices with advanced features, and invention of security products for wrist and neck wear segments is expected to fuel the growth of global smart personal safety and security device market over the forecast period. Furthermore, the emergence of technologies such as IOT and BYOD, advancement in communication technologies and growing safety and security concerns among end-users is further aiding the growth of global personal safety and security device market across the globe. However, high initial cost associated with these devices and lack of awareness across developing regions are expected to hamper the growth of global personal safety and security device market during the forecast period.

Industry News
January 30, 2018 – A fitness company named Strava, has released a map of people using fitness gadgets such as Fitbit and other exercise logging devices run, walk, cycle and even ski. However, after the release of the map, which indicates people using fitness gadgets, encouraged the United Defence Department whether to use it or not, as the map showed military locations.

Jun 8, 2016 – Ericsson Consumer Lab, has published a report on smart personal safety and security device market. That showcase the major driver for this market, is the personal safety that fosters the wearable’s market beyond health & fitness.

Smart Personal Safety and Security Device Market - Competitive Analysis
The market of smart personal safety and security device market appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.

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Smart Personal Safety and Security Device Market - Segmentation
Segmentation by Component: Comprises Software And Hardware.
Segmentation by Technology: Comprises Networking Technology, Positioning Technology, Sensor Technology and Speech Recognition Technology
Segmentation by Product: Comprises Finger Wear, Head Wear, Neck Wear and Others.
Hospitality, Events, Military/Defence and Others.
Segmentation by End-User: Comprises BFSI, Healthcare, Telecommunications, Consumer Electronics And Others.
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Smart Personal Safety and Security Device Market - Regional Analysis
North America region accounts for highest market share in smart personal safety and security device market owing to key industry players such as DAQRI LLC (U.S), Force Impact Technologies (U.S), Ericsson (Sweden), iBeat (U.S), Fitbit (U.S), UnaliWear Inc. (U.S), Honeywell International, Inc. (U.S), General Electric (U.S), Revolar Inc. (U.S.), and Safelet B.V. (U.S.). US contributes large amount of revenue in the smart personal safety and security device market in the region. Asia Pacific region is expected to be growing at the highest CAGR. The growing terrorism in the region and demand for individual safety products is expected to boost the market growth.

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