PUBLISHER: The Business Research Company | PRODUCT CODE: 1695043
PUBLISHER: The Business Research Company | PRODUCT CODE: 1695043
Smart personal safety and security devices are internet-connected devices designed to enhance user safety through remote monitoring. These devices track various health metrics, including heart rate, body temperature, and steps taken, to provide users with insights into their well-being.
The primary types of smart personal safety and security devices include smart personal security and smart personal safety devices. A smart personal security device is a portable and technologically advanced gadget aimed at enhancing individual safety and security. It incorporates various technologies such as networking, positioning, sensors, and speech recognition. These devices find applications across a wide range of industries, including consumer electronics, defense, manufacturing, banking and financial services (BFSI), healthcare, telecommunications, and others.
The smart personal safety and security device market research report is one of a series of new reports from The Business Research Company that provides smart personal safety and security device market statistics, including smart personal safety and security device industry global market size, regional shares, competitors with a smart personal safety and security device market share, detailed smart personal safety and security device market segments, market trends and opportunities, and any further data you may need to thrive in the smart personal safety and security device industry. This smart personal safety and security device market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The smart personal safety and security device market size has grown rapidly in recent years. It will grow from $6.14 billion in 2024 to $6.85 billion in 2025 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to increasing use of smart wearables, increasing demand for personal safety and security device, growing concerns regarding women and children safety, spread of false information, rising demand amongst various fields and applications such as sports, increasing adoption of personal safety apps.
The smart personal safety and security device market size is expected to see rapid growth in the next few years. It will grow to $10.46 billion in 2029 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to growing demand for IoT, increasing penetration of smart phone related applications, rising crime rates, growing government initiatives to improve women's safety. Major trends in the forecast period include product innovation, integration of GPS tracking technology, advances in information communication technology, development of intelligent solutions, growing strategic partnerships.
The growing crime rate is expected to drive the expansion of the smart personal safety and security device market. This rise in crime can be attributed to weak or corrupt law enforcement, resource shortages, or ineffective policing strategies that fail to prevent criminal activity and enforce laws effectively. Smart personal safety and security devices act as preventive tools by enhancing surveillance, improving response times, and empowering individuals to manage their own safety. For example, in June 2024, the Australian Bureau of Statistics, a national statistical agency in Australia, reported that in 2023, Australian police recorded 409 victims of homicide and related offenses, reflecting a 5% increase (or 20 additional victims) from 2022. Therefore, the increase in crime rates is fueling the growth of the smart personal safety and security device market.
Key players in the smart personal safety and security device market are prioritizing innovation, with a focus on products such as personal safety alarms to augment individual security and well-being. Personal safety alarms, portable devices designed to emit a loud, attention-grabbing sound when activated, offer a crucial layer of protection in various situations. For instance, in October 2023, Swann Security, a US-based security solutions provider, introduced the Swann ActiveResponse personal safety alarm. This compact and user-friendly device ensures peace of mind whether at home, on the go, or during transit. Equipped with an ActiveResponse plan, the alarm can notify up to five selected contacts and/or Swann's monitoring center and local authorities via Bluetooth and connected phone, providing them with the user's GPS location. Its versatility allows for easy carrying options, such as in pockets, bags, or worn as a necklace, or attached to keyrings, handbags, school bags, and backpacks.
In December 2023, Motorola Solutions, a US-based technology company, acquired IPVideo Corporation for an undisclosed sum. This acquisition supports Motorola's strategy to strengthen its position in the smart personal safety and security device market by integrating non-video threat detection capabilities with its current security systems, ultimately fostering safer environments. IPVideo Corporation is a US-based manufacturer of security systems and safety sensors.
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.
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.
The countries covered in the smart personal safety and security device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The smart personal safety and security devices market consists of revenues earned by entities by providing services such as intrusion detection, alarm monitoring, and professional installation. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart personal safety and security devices market also includes sales of security cameras, motion detectors, glass break sensors, and flood detection sensors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Smart Personal Safety And Security Device Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on smart personal safety and security device market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for smart personal safety and security device ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The smart personal safety and security device market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.