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A Deep Dive into Smart Personal Safety And Security Device Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034
Smart Personal Safety And Security Device Market Size
The smart personal safety and security device market has expanded quickly in recent years. It will rise from $6.14 billion in 2024 to $6.85 billion in 2025, at a CAGR of 11.6%. This growth is attributed to the rising use of smart wearables, growing concerns about personal safety, particularly for women and children, the spread of misinformation, and increased adoption of personal safety applications across various sectors.
The smart personal safety and security device market is expected to grow rapidly, reaching $10.46 billion by 2029 at a CAGR of 11.2%. The growth is driven by rising IoT demand, smartphone-related applications, increasing crime rates, and government initiatives to improve women's safety. Trends include product innovation, GPS integration, ICT advancements, intelligent solutions, and strategic partnerships.
What Is Contributing to the Growth of the Smart Personal Safety And Security Device Market?
The increasing crime rate is expected to contribute to the growth of the smart personal safety and security device market. The surge in crime rates can be linked to ineffective law enforcement, lack of resources, and weaknesses in policing strategies, which fail to deter criminal activities. Smart personal safety and security devices play a crucial role in crime prevention by enhancing surveillance, improving response capabilities, and empowering individuals to take proactive safety measures. For example, in June 2024, data from the Australian Bureau of Statistics indicated that Australian police reported 409 victims of homicide and related offenses in 2023, marking a 5% rise (or 20 additional victims) compared to 2022. As a result, the increasing crime rate is propelling the expansion of the smart personal safety and security device market.
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Which Key Market Leaders Are Driving Smart Personal Safety And Security Device Industry Growth?
Major companies operating in the smart personal safety and security device market are Huawei Technologies Co. Ltd., Schneider Electric SE, Honeywell International Inc., 3M Company, Koninklijke Philips N.V., Rockwell Automation Inc., Adt Inc., Fitbit Inc., Uvex Group, Arlo Technologies Inc., GreatCall Inc., Buddi Limited, Daqri LLC., Ergodyne Corp, BrickHouse Security Company, Revolar Inc., Safelet B.V., Vuzix Corporation, Force Impact Technologies Inc., Noonlight Inc., Lockly, Careline 365, Jarvish Inc., KJB Security Products Inc., Trackimo LLC, Unaliwear Inc., 100Plus Inc.
What Are the Emerging Trends in the Smart Personal Safety And Security Device Industry?
Major players in the smart personal safety and security device market are concentrating on innovative solutions like personal safety alarms to enhance individual security and well-being. A personal safety alarm is a compact device that emits a loud sound when activated to draw attention and deter threats. For example, in October 2023, Swann Security, a US-based security solutions provider, introduced the Swann ActiveResponse personal safety alarm. This portable and user-friendly device provides enhanced peace of mind, whether at home, commuting, or traveling. Integrated with the ActiveResponse plan, the alarm can trigger notifications via Bluetooth and a connected smartphone, alerting up to five designated contacts or Swann's monitoring center and local authorities with an SMS containing the user's GPS location. The device offers multiple carrying options, including hand-held use, storage in pockets or bags, and attachment to keyrings, handbags, school bags, and backpacks.
What Are the Main Segments in the Smart Personal Safety And Security Device Market?
The smart personal safety and security device market covered in this report is segmented -
1) By Type: Smart Personal Security, Smart Personal Safety
2) By Technology: Networking, Positioning, Sensor, Speech Recognition
3) By End User: Consumers, Defense, Factories, BFSI, Healthcare, Telecommunications, Other End-Users
Subsegments:
1) By Smart Personal Security: Smart Personal Alarms, Smart GPS Trackers, Smart Panic Buttons, Smart Surveillance Systems
2) By Smart Personal Safety: Smart Health Monitoring Devices, Smart Wearable Safety Devices, Smart Emergency Response Systems, Smart Fall Detection Devices
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Which Geographic Area Leads the Smart Personal Safety And Security Device Market?
North America was the largest region in the smart personal safety and security device market in 2024. The regions covered in the smart personal safety and security device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Smart Personal Safety And Security Device Global Market Report?
- Market Size Analysis: Analyze the Smart Personal Safety And Security Device Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Smart Personal Safety And Security Device Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Smart Personal Safety And Security Device Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Smart Personal Safety And Security Device Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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