Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Smart Personal Safety and Security Device Market size was valued at USD 49.2 billion in 2024 and is set to exceed USD 147.28 billion by 2037, registering over 8.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of smart personal safety and security device is evaluated at USD 56.37 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 Market: Key Insights
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
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CAGR |
8.8% |
|
Base Year Market Size (2024) |
USD 49.2 billion |
|
Forecast Year Market Size (2037) |
USD 147.28 billion |
|
Regional Scope |
|
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:
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Device Type |
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Technology |
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Smart Personal Safety and Security Device Industry - Regional Synopsis
North American Market Forecast
North America industry is set to dominate majority revenue share of 30% by 2037. 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.
Companies Dominating the Smart Personal Safety and Security Device Market
- ADT Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Fitbit Inc.
- General Electric
- FIT Inc.
- Revolar
- Safelet B.V.
- UnaliWear Inc.
- Huawei Technologies Co. Ltd.
- Telefonaktiebolaget LM Ericsson
- Honeywell International Inc.
Recent Developments
- ADT Inc. and invisaWear, a smart wearable company, announced a collaboration to develop better and enhanced portable personal safety devices. The new products will be integrated with the invisaWear breakthrough line of already existing products
- Fitbit Inc., announced the launch of a premium fitness device called Fitbit Luxe and Fitbit Luxe special edition. The products became commercially available in the Indian market and come with silver band
- Report ID: 3323
- Published Date: Dec 20, 2024
- Report Format: PDF, PPT
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Smart Personal Safety and Security Device Market Report Scope
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