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Smart Personal Safety And Security Devices Market On The Rise Amid Increasing Crime Rates: Critical Driver Shaping the Global Smart Personal Safety And Security Device Market in 2025
Smart Personal Safety And Security Device
Smart Personal Safety And Security Device Market Size Growth Forecast: What to Expect by 2025?
The market for smart personal safety and security devices has seen robust growth in recent years. It is projected to expand from $6.14 billion in 2024 to $6.74 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.8%. The historical growth in this market is due to several factors including the rise in the use of smart wearables, the increased demand for personal safety and security devices, heightened concerns related to the safety of women and children, the spread of false information, growing requirement across numerous field applications such as sports, and increased adoption of personal safety applications.
How Will the Smart Personal Safety And Security Device Market Size Evolve and Grow by 2029?
The market size for smart personal safety and security devices is anticipated to witness considerable growth in the forthcoming years. It is predicted to expand to $9.82 billion by 2029 with a compound annual growth rate (CAGR) of 9.9%. The surge during the prediction period can be ascribed to the rising demand for IoT, the broadening use of applications related to smartphones, escalating crime rates, and increased government efforts to enhance the safety of women. Significant trends to watch for during the prediction period encompass product innovation, the incorporation of GPS tracking technology, advancements in information communication technology, the formulation of intelligent solutions, and the expansion of strategic partnerships.
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What Drivers Are Propelling the Growth of Smart Personal Safety And Security Device Market Forward?
The smart personal safety and security device market is projected to expand due to the escalating crime rate. Factors contributing to the rise in crime rates include ill-equipped or corrupt law enforcement bodies, limited resources, or ineffective law enforcement tactics, which fail to discourage criminal activities and implement the law effectively. Smart personal safety and security devices aid in driving proactive steps towards crime prevention by improving surveillance, enhancing response capabilities, and enabling individuals to manage their security. For example, data from the Australian Bureau of Statistics in June 2024 indicated that there were 409 victims of homicide and related crimes in 2023, as recorded by Australian police, highlighting a 5% increase (or 20 more victims) compared to 2022. Hence, the growing crime rate acts as a catalyst for the expansion of the smart personal safety and security device market.
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Which Emerging Trends Are Transforming the Smart Personal Safety And Security Device Market in 2025?
Prominent players in the intelligent personal safety and security device industry are channeling their resources towards developing innovative products like personal safety alarms, aimed at bolstering individual safety and welfare. A personal safety alarm is a portable gadget programmed to produce a high-decibel, attention-getting sound when triggered. For example, in October 2023, Swann Security, an American security solutions firm, introduced the Swann ActiveResponse personal safety alarm. This compact and user-friendly device offers an unparallelled sense of security whether you're at home, traveling or in transit. The innovative ActiveResponse plan, when incorporated, can utilize Bluetooth and a connected phone to alert up to five designated contacts and/or Swann's monitoring station and local law enforcement agencies with an SMS that includes the user's GPS location. This flexible device can be kept in a pocket or a bag, carried, worn as a pendant, or attached to various items such as key rings, purses, school bags, and backpacks.
What Are the Key Segments in the Smart Personal Safety And Security Device Market?
The smart personal safety and security devicemarket 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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Who Are the Key Players Shaping the Smart Personal Safety And Security Device Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in 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.
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