Personal safety alarms Market: Global Industry Analysis and Forecast (2021-2027) Trends, Statistics and Dynamics

Personal safety alarms Market was valued at US$ 9.36 Bn. in 2021. Global Personal safety alarms Market size is expected to grow at a CAGR of 5 % through the forecast period.
Personal safety alarms Market Overview:
Personal safety alarm devices are used for safety purposes such as to alert people about uncertain conditions or crime events. Also, personal safety alarms are cost-effective, user-friendly and easy to operate. As these alarm systems work on IOT technology which provides multiple connectivity’s. There are different types of personal safety alarms such as smart wearables, key chains and vehicle safety alarms.

The personal safety alarm market has shown remarkable growth in recent few years as these devices are majorly used in commercial sectors to raise security in the industry. An increase in the number of criminal cases and the emergence of new technologies to enhance the safety of business are the main factors that are helped the growth of the market. This report gives detailed information about market drivers, restraints, opportunities, and the segmentation by type, Application and End-user.



To know about the Research Methodology :- Request Free Sample Report

2021 is considered as a base year to forecast the market from 2022 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.
Personal safety alarms Market Dynamics:
The majority of people are leaving their hometown to search for better job opportunities thus the migration of people results in the nuclear families and many of them are elder ones. Therefore, there are raised security concerns for elder people as they are living independently. So people are showing interest in personal safety alarms as these alarms help the user to look upon their family. Also, personal safety alarms are easy to use and also accessible from mobile phones. Moreover, personal safety alarms are majorly used in the commercial sector such as hotels, Jewellery stores, small grocery stores, and other micro-level vendors.

Personal safety alarms used by vendors are fire alarms, panic buttons, and theft alarms. These alarms strengthen the security by making noise and showing red lights to alert the people located around. An increase in safety concerns and the high use of personal safety alarms in commercial sectors are the main factors that are driving the growth of the personal safety alarms market.

In recent few years, many criminal incidents and uncertain theft incidents are increased, and this incident may lead to potential life losses. To avoid these uncertain criminal incidents people are adopting advanced and high-tech personal safety devices that help to protect and increase the safety of users. The surge in crime incidents is one of the major factors driving the personal safety alarms market.

Major players are investing in research and development so as to innovate new products to compete in the industry with competitors and rival products. Key players have introduced advanced high-tech products which can be used in different places and for many purposes such as personal alarms and emergency flashlights. Also, there are personal safety alarms that are used in commercial spaces such as fire alarms, and panic buttons. Many advanced personal safety alarms work based on IOT technology and these alarms offer different features from mobile-based safety alarms.

Now day’s participation of women in the commercial and corporate sectors is increasing and this shift is influencing the demand for the personal safety alarms market. Personal safety alarm devices offer various safety features such as emergency contact features in key chains, pendants, and wristwatches. Smart wearables such as wristwatches can send locations on a single tap to the emergency contacts. Therefore increase in the number of working women and easy-to-use personal safety alarms drive the personal safety alarm market growth through the forecast period.
Personal safety alarms Market Segment Analysis:
By Type, the personal safety alarm market is segmented into the mobile phone app, standalone devices, vehicle safety alarms, key chains, pendants and wrist bands, panic buttons, and smart personal safety. The mobile phone app is the dominant segment in this category. As mobile phones have a wide user base and offer various different features simultaneously. Moreover, mobile phones have emergency panic buttons which assist the apps to provide safety to the user. Thus mobile phone app segment is expected to grow through the forecast period. The vehicle safety alarm market is expected to grow at a CAGR of 7.5% through the forecast period.



By Application, the personal safety market is segmented into adults and children. The adult segment is expected to dominate in this segment through the forecast period. Majorly security devices are in commercial sectors thus adult segment is expected to show growth through the forecast period. Many people are migrating towards the urban areas so as to increase the safety of children people are adopting personal security devices which can be helpful in raising the security of their children. These are factors that are driving the personal safety alarms market.

Some applications of a personal safety alarm include - walking alone at night personal safety alarm offers a sense of security and protection walking alone at night. Personal safety alarms have numerous safety features one of them is it contact parents when no one is around their children. Personal safety alarms help with this by providing a sense of security.

By End-user, the personal security market is classified into personal and commercial. The commercial segment is expected to dominate the personal security alarm market through the forecast period. As security devices are widely used in the commercial sector the majority of revenue comes from the commercial sector. The personal segment is also growing significantly as many criminal incidents and unusual incidents taking are taking place personal security has become a major concern.
Personal safety alarms Market Regional Insights:
On the basis of regional analysis, the market is categorized into Europe, South America, Asia Pacific, Middle East & Africa and North America. North America is expected to hold the largest market share through the forecast period. Latin America is expected to grow at the highest CAGR through the forecast period. Europe is expected to be the second largest after North America to dominate the personal security market through the forecast period.

The emergence of 5G technology and its applications assist the market to adopt new technologies which help the personal security alarms market to grow through the forecast period. Approximately 44% of the population is expected to adopt 5G in North America fueling the growth of the personal safety alarms market.

The objective of the report is to present a comprehensive analysis of the Global Personal safety alarms Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the market dynamic, and structure by analyzing the market segments and projecting the market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Personal safety alarms Market make the report investor’s guide.
Personal safety alarms Market Scope: Inquire before buying



Global Personal safety alarms Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2027


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 9.36 Bn.


Forecast Period 2022 to 2027 CAGR:
5%
Market Size in 2027:
US $ 12.54 Bn.


 Segments Covered:
by Type
• Keychain
• Pendant and Wrist Band
• Panic Button
• Smart Personal Safety
• Mobile Phone App
• Stand-Alone Devices
• Vehicle Safety Alarm


by Application
• Adults
• Children


by End-user
• Personal
• Commercial



by Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Market Key Players
• Honeywell International Inc.
• Daqri
• BASU Corporation
• Doberman Security Products Inc.
• JNE Security Ltd.
• Mace Security International Inc.
• Revolar
• Safelet B.V.
• 100Plus
• Force Impact Technologies Inc.
• Skyguard Limited, WEALARMS Ltd
• SABRE - Security Equipment Corpor
• Unaliwear
• Huawei Technologies Co. Ltd.
• General Electric Company
• Fitbit

Frequently Asked Questions:

1] What segments are covered in the Global Personal safety alarms Market report?
Ans. The segments covered in the Global Personal safety alarms Market report are based on Type, Application and End User.

2] Which region is expected to hold the highest share in the Global Personal safety alarms Market?
Ans. The North America region is expected to hold the highest share in the Global Personal safety alarms Market.

3] What is the market size of the Global Personal safety alarms Market by 2027?
Ans. The market size of the Personal safety alarms Market by 2027 is expected to reach US$ 12.54 Bn.

4] What is the forecast period for the Global Personal safety alarms Market?
Ans. The forecast period for the Personal safety alarms Market is 2022-2027.

5] What was the market size of the Global Personal safety alarms Market in 2021?
Ans. The market size of the Global Personal safety alarms Market in 2021 was valued at US$ 9.36 Bn.