Smart Personal Safety and Security Device Market Size Forecasts 2035

Global Market Size, Forecast, and Trend Highlights Over 2023 – 2035

Smart Personal Safety and Security Device Market size is predicted to reach USD 110.17 Billion by the end of 2035, growing at a CAGR of 8.7% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of smart personal safety and security device was around USD 41.6 Billion. The growth of the market can be propelled by the significant role that has been played in securing the safety and protection of end users by means of smart personal safety and security devices. It is all-important to have safety systems in place for individuals, businesses, and commercial enterprises. For instance, of all cognizable IPC crimes in 2021, crimes against the human body accounted for 30%, crimes against property for 20%, and other IPC crimes for 29.7%. In 2021, there were 2.1 murders for every 100,000 people, 7.4 kidnappings for every 100,000 people, and 4.8 rapes for every 100,000 people across the globe.

Moreover, urbanization, which has become a driving force for the growth of the smart personal safety and security device market, has improved the fashion sense in the world. For athletes, glasses, especially caps, are often regarded as a sporting necessity, leading to styles such as tracksuits. Headwear is becoming increasingly worn by cricket, baseball, polo, or tennis players to improve performance, enhance pleasure and increase personal well-being. According to a survey, more than 70 percent of the players were aware that mouthguards could be used to protect against injury, but only 28% practiced them on a regular basis.

Smart Personal Safety and Security Device Sector: Growth Drivers and Challenges

Growth Drivers

Growing Importance of Personal Safety- The smart personal safety and security device market is expected to grow as people become more aware of the advantages of using these devices when they are in a state of emergency. The world is waking up to an alarming rate of crime. According to The Zebra, there are around 2.5 million cases of burglary every year in the world. This has encouraged people to take proactive steps in order to be adequately equipped with the ability to deal with such situations by themselves. For example, in the US, more than 61% of households have installed some kind of security system to protect their loved ones from attacks or intruders as of 2022.
Growing Concerns Regarding Women and Children Safety-The growth of the smart personal safety and security device market is due to factors such as the increasing adoption of personal safety apps among working mothers, a sharp rise in crime against women, and so on. Therefore, stringent governmental rules to protect women & children from abuse are anticipated to enhance market growth. For example, in September 2020 the Central Government introduced a 112 Emergency Response Support System and an App for providing unified number-based assistance while responding to emergencies in India.
Surging Product Launches in the Market- There has been due rising product launches and other innovations by major market players. On the other hand, Forcite launched its Smart Bike Helmet MK1, which is equipped with a handlebar-mounted control unit integrated into an intercom system, Bluetooth connectivity, and VOIP in July 2019. In order to ensure better rider safety, these helmets use an LED strip system to connect visually to the periphery of the visual field.

Challenges

Limited Battery Capacity to Restrict the Growth of the Smart Personal Safety and Security Device Market - There are a lot of smart personal security devices that run on batteries, and this applies to electronic devices in general. In addition, the limited battery capacity on every battery-powered device means that they are going to run out of power after several hours of use. Users may find it distracting to continuously charge the device since it is useless in case there is no power to help it perform. Also, consumers who live in areas where power is insufficient to charge devices which is a deterrent factor will not be able to accept these devices.
Risks Associated with Personal Safety Software
Traditional Security Measures Preferred by the People

Smart Personal Safety and Security Device Segmentation

Device Type (Smart Personal Safety, Smart Personal Security)

The smart personal safety segment is poised to hold a 60% share of the smart personal safety and security device market. Under this sub-segment, the helmet category is estimated to have the largest revenue in the near future. There is likely to be further growth in this segment thanks to the growing popularity of full-face smart helmets for adventure sports. It is also expected that the market will be further promoted by federal enforcement of serious road safety standards.

Technology (Networking, Positioning, Sensor, Speech Recognition)

The sensor segment is estimated to hold about 40% share of the smart personal safety and security device market during the forecasted timeframe. The development of sensors in the form of wearable sensors that continuously provide accurate and reliable information has become a key factor in increasing demand for new applications, which is stimulating growth in the market. The use of temperature and proximity sensors in portable and advanced smart personal safety and security devices as well as the use of motion and position sensors in various industries are factors that are driving the growth of the sensor market.

Our in-depth analysis of the global smart personal safety and security device market includes the following segments:

Device Type

Smart Personal Safety

Smart Helmets
Smart Mouth Guards
Smart Knee Guards

Smart Personal Security

Wearable Devices

Pendants
Bracelets
Rings

Bulletproof Bags
Personal Alarms
Panic Buttons
Fail Detection Devices

Technology

Networking
Positioning
Sensor
Speech Recognition

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Smart Personal Safety and Security Device Industry - Regional Synopsis

North American Market Forecast

The smart personal safety and security device market in the region is set to hold the highest revenue of 30 % by the end of 2035. The rapid adoption of technologies and the presence of developed infrastructure in the region are the major factors that are expected to contribute to the market’s growth in the North America region. Also, there is significant awareness of product availability and applications among the population in countries like the United States and Canada, which contributes significantly to an excellent uptake rate for products. The United States is home to some of the world's most powerful brands that offer breakthrough technology and systems for home security systems. According to the estimates, about 64% of US households are fitted with some form of smart device at home.

APAC Market Statistics

The smart personal safety and security device market in the Asia Pacific region is projected to reach its highest growth rate. The market for security connection devices is projected to be driven by the regional presence of many domestic and international smart production companies, rapid deployment of consumers' electronics as well as increasing Internet of Things penetration in enterprises.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the smart personal safety and security device market?

Ans: Personal safety and security are the major factors driving the growth of the smart personal safety and security device market.

2) What would be the CAGR of the smart personal safety and security device market over the forecast period?

Ans: The market size of smart personal safety and security device is anticipated to attain a CAGR of 8.7% over the forecast period, i.e., 2023 – 2035.

3) Who are the major players dominating the smart personal safety and security device market?

Ans: The major players in the market are Fitbit Inc., General Electric, FIT Inc., Revolar, Safelet B.V., UnaliWear Inc., and others.

4) Which segment captures the largest market size in the device type segment in the smart personal safety and security device market?

Ans: The smart personal safety segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

5) Which region will provide more business opportunities for the growth of the smart personal safety and security device market in the future?

Ans: The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

Base Year	2022
Forecast Year	2023-2035
CAGR	~ 8.7%
Base Year Market Size (2022)	~ USD 41.6 Billion
Forecast Year Market Size (2035)	~ USD 110.17 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa