Smart Personal Safety and Security Device Market - Global Industry Size, Share, Trends, Opportunity, & Forecast, 2020-2030

Telecommunication is the fastest growing segment, North America is the largest market globally

The Global Smart Personal Safety and Security Device Market, valued at USD 12.20 Billion in 2024, is projected to experience a CAGR of 16.00% to reach USD 29.72 Billion by 2030. Smart personal safety and security devices are wearable or portable electronic solutions that integrate advanced technologies to enhance individual safety through features such as real-time tracking, emergency alerts, and environmental monitoring.

Key Market Drivers

The Global Smart Personal Safety and Security Device Market is significantly propelled by two primary factors: increasing global safety and security concerns, and advancements in smart technology integration. Heightened anxieties regarding personal well-being, including rising perceptions of crime and the need for immediate assistance in emergencies, are driving consumer and professional demand for proactive safety solutions. Individuals and organizations are actively seeking reliable technologies that offer peace of mind through enhanced monitoring and rapid response capabilities.

Key Market Challenges

Concerns regarding data privacy, security breaches, and the potential for misuse of personal location and biometric information collected by connected devices present a substantial impediment to the growth of the Global Smart Personal Safety and Security Device Market. This challenge directly erodes consumer trust, a critical factor for the adoption of devices designed for personal safety. Potential users become hesitant to integrate solutions that collect sensitive data, such as real-time location and biometric identifiers, if they perceive a high risk of this information being compromised or exploited.

Key Market Trends

Convergence of Personal Safety and Health Tracking: This trend integrates safety functionalities with advanced health monitoring in smart personal devices. Features like fall detection and emergency alerts combine with continuous vital sign tracking, enhancing holistic user well-being and broadening appeal. According to the Consumer Technology Association (CTA), in January 2024, U. S. consumer technology industry retail revenues were projected to grow 2.8% to $512 billion, driven partly by increased health and fitness tech spending. For example, Pocket-lint noted in March 2024 that the Samsung Galaxy Watch's hard fall detection automatically sends SOS alerts to emergency contacts, illustrating this combined function. This integrated approach provides a proactive safety net and improved health management.

Key Market Players Profiled:

• Telefonaktiebolaget LM Ericsson
• Honeywell International Inc.
• Daqri, LLC
• KONE Wireless Group Inc.
• Huawei Technologies Co., Ltd.
• General Electric Company
• Fitbit, Inc.
• Revolar, Inc.
• ADT Inc.
• Safelet B.V.

Report Scope:

In this report, the Global Smart Personal Safety and Security Device Market has been segmented into the following categories:

By Product:

• Finger Wear
• Head Wear
• Neck Wear
• Other Segments

By Type:

• Safety Device
• Security Device

By Technology:

• Networking Technology
• Positioning
• Sensor
• Speech Recognition

By End User:

• BFSI
• Healthcare
• Telecommunication
• Defense
• Consumer Electronics

By Region:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Smart Personal Safety and Security Device Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

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