Fall Detection Systems Market Detailed In New Research Report 2021 | Koninklijke Philips N.V., LifeWatch USA, Tunstall, Apple, Inc., ADT Security Services

A fall detection system based on the GPS (Global Positioning System) allows a person to go wherever he or she wants with 24/7 access to care center operators, while a smartphone-based fall detection system helps to locate unsafe fall incidents and warn emergency contacts if the individual does not recover. Drop warning sensors track slips, stumbles, trips, and rescued falls automatically.

The global fall detection systems market is expected to be worth US$ 402.8 million in 2019 and US$ 604.3 million by the end of 2027.

Request Here For PDF Brochure With Latest Insights @ https://www.coherentmarketinsights.com/insight/request-pdf/3213

Drivers

The global fall detection systems market is expected to expand in response to the growing usage of smartphones. The global smartphone revenue rose 1.2 percent year over year to 1.6 billion units, according to Gartner, Inc.

Opportunities

For players in the global fall detection systems market, increasing R&D in fall detection is projected to provide lucrative growth opportunities. Researchers from Russia's Bauman Moscow State Technical University assessed the advantages of using a multi-bio-radar device in the accuracy of remote fall detection in December 2019.

Restraints

Over the projected period, the global fall detection systems market is expected to be hampered by a lack of understanding about the use of fall detection technologies.

Key Takeaways

The automatic detection system sub-segment of the global fall detection systems market was worth US$ 227.8 million in 2018, and is projected to develop at a CAGR of 5.4 percent to US$ 365.8 million by 2027. Smartphone access, automated tracking, and the need for surveillance are all benefits of automatic detection systems. Over the forecast period, these factors are expected to help the segment's progress.

Get Sample Report With Latest Covid19 Analysis @ https://www.coherentmarketinsights.com/insight/request-sample/3213

In terms of volume, the wearable detection systems sub-segment of the sensing modalities segment dominated the global fall detection systems market in 2018, contributing for 72.8 percent of the overall market share. Wearable tracking devices are simple to use and can be worn as watches, necklaces, or garment clips. All the user has to do is put them on and they'll keep running. Over the forecast period, these factors are expected to help the segment's progress.

In terms of value, the sensors sub-segment of the hardware segment dominated the global fall detection systems market in 2018, contributing for 47.1 percent of the market, led by cell phones and GPS systems. Sensors are high-tech devices that can track and feel acceleration as well as other parameters including temperature and pressure. They can track gestures, coordination, and stance in the event of a crash. Sensors are capable of producing effects related to their mission rapidly and precisely.
Market Trends

The widespread availability of free people finder apps in North America is stifling the acceptance of paying subscription platforms for fall detection systems. This has prompted major market players to diversify their revenue streams by offering similar services such as mobile management applications that track speech, data, and application use on children's phones.

In comparison to developing nations, Asia Pacific's geriatric population is less exposed to consumer electronic products. Thus, such a population is unfamiliar with the most recent technical advances in fall detection systems. Key market players can concentrate on introducing user-friendly interfaces for their devices in the field.

Competitive Landscape

Key companies contributing in the global fall detection systems market are ADT Security Services, Bay Alarm Company, LifeWatch USA, Apple, Inc., Origin Wireless, Koninklijke Philips N.V., MobileHelp, Tunstall, MariCare Oy, and Medical Guardian LLC.

Key Developments

Partnership initiatives are now being pursued by major market leaders in order to broaden their product range. ADT Security Services announced an agreement with Senior Helpers, a provider of in-home senior care, in December 2019 to offer its medical alert systems to Senior Helpers clients.

To broaden their product line, major market players are focusing on M&A strategies. In October 2019, ADT paid an undisclosed sum for I-View Now, a leading video alarm verification service.

Purchase This Premium Report To Access Full Information @ https://www.coherentmarketinsights.com/insight/buy-now/3213

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

This release was published on openPR.