Smart Personal Safety Market Overview
The Smart Personal Safety Market witnesses rapid revenue growth. Augmenting demand for user-friendly unconventional safety systems influences the market growth. Besides, the increasing crime rate and criminal activities against women and children worldwide drive the market shares. Also, substantial investments in product development foster the market size.
With the rising demand for improved safety features and security measures, the market is expected to garner significant gains in the next few years. According to Market Research Future (MRFR), the global Smart Personal Safety Market is expected to garner a valuation of USD 6 BN by 2027, growing at an 11% CAGR during the forecast period (2020 - 2027).
Additionally, the rapid urbanization and population growth worldwide accelerate revenues in the smart personal safety and security device market. The intense competition in this field encourages device manufacturers to differentiate their product offerings to beat the competition. Simultaneously, stringent government policies regulations for Smart Personal Safety and Security Device Market growth.
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Smart Personal Safety Market - Competitive Analysis
The well-established smart personal safety and security device market is adorned by several large and small players having an international presence. Matured players incorporate collaboration, acquisition, partnership, product launch, and expansion to gain a competitive advantage in this market.
These Key players emphasize product innovation and new processes, which is anticipated to fuel the intensified competition during the review period.
Major Players:
Players active in the market are Ericsson (Sweden), Honeywell International Inc. (US), Force Impact Technologies Inc. (US), Unaliwear, Inc. (US), Daqri, LLC (US), Huawei Technologies Co. Ltd. (China), Fitbit, Inc. (US), Revolar, Inc. (US), General Electric Company (US), Safelet B.V. (The Netherlands), 100Plus, Inc. (US), ADT, Inc. (US), and KORE Wireless Group (US), among others.
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Smart Personal Safety and Security Device Market- Segments
The market is classified as type, end-user, and region. The type segment is bifurcated into smart personal safety (smart helmets, smart mouth guards, smart knee guards, others) and smart personal security devices (wearable Devices – bracelets, pendants, rings, and others (bulletproof bags, personal alarms, panic buttons, fall detection devices).
The end-user segment is bifurcated into defense, consumers, factories, healthcare, telecommunications, BFSI, and others. The region segment is bifurcated into the Asia Pacific, Americas, MEA, Europe, and rest-of-the-world.
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Smart Personal Safety Security Device Market - Competitive Analysis
The well-established smart personal safety and security device market is adorned by several large and small players having an international presence. Matured players incorporate collaboration, acquisition, partnership, product launch, and expansion to gain a competitive advantage in this market.
These Key players emphasize product innovation and new processes, which is anticipated to fuel the intensified competition during the review period.
