Smart Personal Safety And Security Devices Market On The Rise Amid Increasing Crime Rates: Powering Innovation and Expansion in the Smart Personal Safety And Security Device Market by 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts

What Is the Expected CAGR for the Smart Personal Safety And Security Device Market Through 2025?
In recent periods, the market for smart personal safety and security devices has experienced rapid expansion. The market is projected to rise from $6.14 billion in 2024 to $6.85 billion in 2025, with a compound annual growth rate (CAGR) of 11.6%. The historical growth in this market is a result of the escalating use of smart wearable devices, growing demand for personal safety and security apparatus, increased worry about the safety of women and children, prevalence of misinformation, a surge in demand across different fields and applications including sports, along with the rising acceptance of personal safety apps.

What's the Projected Size of the Global Smart Personal Safety And Security Device Market by 2029?
Expectations are high for a swift surge in the market size of smart personal safety and security devices in the coming years. Predictions suggest it will touch $10.46 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 11.2%. The anticipated growth during the forecast period can be ascribed to the escalating demand for IoT, enhanced incorporation of smartphone-associated applications, increasing crime rates, and the government's escalating initiative to boost women's safety. Notable trends during the projection period consist of product innovation, embracing GPS tracking technology, advancements in information communication technology, proliferation of smart solutions, and proliferating strategic partnerships.

View the full report here:
https://www.thebusinessresearchcompany.com/report/smart-personal-safety-and-security-device-global-market-report

Top Growth Drivers in the Smart Personal Safety And Security Device Industry: What's Accelerating the Market?
The escalation in criminal activity is anticipated to fuel the expansion of the smart personal safety and security device market in the future. This increase in crime rates can be attributed to inefficient or corrupt law enforcement agencies, scarcity of resources, or ineffective law enforcement strategies that fail to discourage criminal activities and enforce laws efficiently. Smart personal safety and security devices act as proactive tools in deterring crime by augmenting surveillance, boosting response abilities, and allowing individuals to assert control over their safety. For example, in June 2024, the Australian Bureau of Statistics, an Australia-based national statistical agency, disclosed that in 2023, Australian authorities reported 409 occurrences of homicide and linked offenses, symbolizing a 5% uptick (or 20 more victims) compared to the preceding year, 2022. Hence, the escalating crime rate is catalyzing the growth of the smart personal safety and security device market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15000&type=smp

What Trends Will Shape the Smart Personal Safety And Security Device Market Through 2029 and Beyond?
Leading players in the intelligent personal safety and protection device sector are prioritizing revolutionary features such as personal safety alarms to improve personal security and welfare. A personal safety alarm refers to a portable gadget engineered to produce a high-volume, attention-drawing noise when activated. For example, Swann Security, a U.S. firm providing security solutions, introduced the Swann ActiveResponse personal safety alarm in October 2023. This alarm is unique for its compact size and intuitive design, providing unparalleled peace of mind whether a person is at home, traveling, or on the go. With the inclusion of an ActiveResponse plan, the horn or button press can notify up to five chosen contacts and/or Swann's monitoring hub and local authorities with an SMS that includes the user's GPS location via Bluetooth and the associated phone. It comes with a wide range of carrying options as it can be held, pocketed, worn like a pendant, or connected to items like 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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=15000&type=smp

Which Top Companies are Driving Growth in the Smart Personal Safety And Security Device Market?
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.

Which Regions Will Dominate the Smart Personal Safety And Security Device Market Through 2029?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15000

"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.