Global Personal Safety Alarm Market Overview:
Personal security alarms are portable security devices. These alarms are essentially used to prevent violent acts against Individuals, particularly against Elderly and Women in the society. When activated the alarm exerts loud sirens & Flashes lights. Due to Technical progress, some Personal safety alarms even electrical devices that communicate with other devices by sending a SOS message along with Real-time location at the times of emergency. As a solution to increasing crimes against Women and Elderly, these devices are compact and easy to use thereby indicating towards market growth potential.
Growth Drivers
- Personal Safety Alarms are Affordable
- Increasing Crime Rate against Women and Elderly
Market Trends
- Rising Demand For Child Safety
- Growing Technological Advancement
Roadblocks
Opportunities
Challenges
- Concerns over Effectiveness
- Presence of Counterfeit Devices
Competitive Landscape:
The companies are exploring the market by new technology new product launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are BASU Corp. (United States), Doberman Security Products Inc. (United States), JNE Security Ltd. (United Kingdom), Mace Security International Inc. (United States), SABRE - Security Equipment Corp. (United States), SeniorWorld (India), Mark Safety Appliances (India), Tekfun Co. Ltd. (Taiwan), Shenzhen Sanyixing Electronics Co. Ltd. (China), Dongguan Humen Hengyun Electronics Co. Ltd. (China) and ShesBirdie (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Personal Safety Alarm market by 2026. Considering Market by Category, the sub-segment i.e. Keychain will boost the Personal Safety Alarm market. Considering Market by Distribution Channel, the sub-segment i.e. Offline will boost the Personal Safety Alarm market.
On 14th December, 2020 – ShesBirdie Launched its new Personal Safety Alarm called “Birdie” Specially Designed for Women. Birdie is a Modern, Personal Safety Alarm It Flashes Strobing lights with Loud Siren when Activated., and On 22nd February, 2021 - SABRE (Leading Manufacturer of Personal Safety Products) launched its New Affordable Range of Home Security Tools for Complete Household Protection
What Can be Explored with the Personal Safety Alarm Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Personal Safety Alarm Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Personal Safety Alarm
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Personal Safety Alarm market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Personal Safety Alarm market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Personal Safety Alarm Manufactures, Personal Safety Alarm Distributors and Suppliers, Raw Material Suppliers, Venture Capitalists, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.