Global Smart Personal Safety and Security Device Market Overview:
Smart personal safety and security device are for general recognition and avoidance of the potential harmful threat or situation in surroundings. The smart security devices include a wide range of products like self-defense keychains, personal alarms, smartwatches, micro stun guns, smart jewelry, tactical pen, smart helmet, and any software system. These devices can be used by women, men, kids as well for their personal safety and security as it comes with various features enhancing the security capability.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Consumption of Smart Watches as a Smart Personal Safety and Security Device
Market Growth Drivers:
Growing Threat and Concern for Women's and Children's Personal Safety and Need for the Wearable Security Devices for Personal Safety
Challenges:
High Cost Associated with Smart Personal Safety and Security Device
Restraints:
Regulatory Compliance with the IoT Devices and its Privacy Data Concerns
Opportunities:
Surging Demand for the Smart Personal Safety and Security Device Among the Corporate Professionals
Competitive Landscape:
Some of the key players profiled in the report are Force Impact Technologies Inc. (United States), Ericsson (Sweden), Fitbit, Inc. (United States), Honeywell Commercial Security (United States), General Electric Company (United States), ADT Inc. (United States), Ame Safety & Security (Italy), Blackline Safety Corp. (Canada) and 100Plus, Inc. (United States). Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Smart Personal Safety and Security Device market. Considering Market by End User, the sub-segment i.e. Women will boost the Smart Personal Safety and Security Device market.
Latest Market Insights:
On 16th February 2021, Blackline Safety Corp. a globally connected worker technology leader acquired Wearable Technologies Ltd, based in Leicester, in the United Kingdom, and operating under the brand name of Eleksen. Focused on the construction and light industrial safety market, WTL has developed a complete platform comprised of smart safety clothing, a cloud-connected safety wearable, personal area networking, sensor partnerships, user portal, software infrastructure, and data analytics.
On 9th December 2020, Smart wearable company invisaWear and ADT announced their collaboration to introduce more advanced mobile safety and monitoring features into invisaWear’s ground-breaking line of wearable personal safety accessories. The partnership brings together ADT’s mobile safety platform and invisaWear’s unique line of lifestyle-inspired safety devices. ADT will also power invisaWear’s companion app, allowing users who feel unsafe to discreetly connect - by voice or SMS chat - with ADT.
What Can be Explored with the Smart Personal Safety and Security Device Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Smart Personal Safety and Security Device Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Smart Personal Safety and Security Device
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 Smart Personal Safety and Security Device 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 Smart Personal Safety and Security Device 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 Smart Personal Safety and Security Device Manufacturers, Smart Personal Safety and Security Device International Traders, Smart Personal Safety and Security Device Distributors and Suppliers, Research and Developers, Potential Investors, Regulatory Bodies 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.