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Global Personal Safety Alarms Market 2019-2023

  • Published: Jul 2019
  • Pages: 110
  • SKU: IRTNTR31662
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The global personal safety alarms market size will grow by USD 53.27 million during 2019-2023. This market report provides a detailed analysis of the market by distribution channel (offline and online) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including BASU Corp., Doberman Security Products Inc., JNE Security Ltd., Mace Security International Inc., and SABRE - Security Equipment Corp.

A few of the key findings from the personal safety alarms market analysis report are summarized below

Personal Safety Alarms Market Analysis

 

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Global Personal Safety Alarms Market Overview

The growing demand for child safety alarms is one of the critical factors that will drive market growth. To enhance the safety of children, companies are providing several types of safety alarms including locator safety alarms, emergent child safety alarms, electronic child safety alarms, and seat belt child safety alarms. Child locator alarms can be activated remotely and can be programmed to sound when the child moves beyond a specific distance. Electronic monitor child safety alarms are used to monitor children with sleep apnea, asthma, and other disorders. The increasing need for such safety systems will subsequently drive personal safety alarms market growth.

There is also an increase in the demand for personal safety alarms from elderly people. The US, the UK, and Ireland have been recording significant sales of safety alarms among the elderly population. This is mainly because of the increasing preference of the older people in these countries to live alone. Vendors have been manufacturing safety alarms for this consumer segment in the form of pendants, wrist watches, and others. As a result of these factors, the market will register almost 10% CAGR during 2019-2023.

Top Personal Safety Alarms Companies Covered in this Market Research Report

The market is moderately fragmented. This report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. This will help clients in improving their market positions. The report also provides insights on upcoming personal safety alarms market trends and challenges and how they will influence market growth. This will help companies in creating effective strategies to leverage the upcoming market growth opportunities.

The report offers a detailed analysis of a few leading personal safety alarms companies, including:

  • BASU Corp.
  • Doberman Security Products Inc.
  • JNE Security Ltd.
  • Mace Security International Inc.
  • SABRE - Security Equipment Corp.

Personal Safety Alarms Market Segmentation Based on Distribution Channel

  • Offline
  • Online

The offline segment held the highest market share in 2018 and will remain dominant until 2023 despite its slow growth rate compared with the overall market. The touch and feel experience offered by the offline distribution channel is contributing to the sales of personal safety alarms in offline stores. Prospective buyers can compare the functionalities of products in-person and make informed purchase decisions in physical stores. With the concept of specialty store becoming popular, vendors are using these stores to showcase a wide range of products and increase their visibility. These factors have been contributing to the high sales volume of personal safety alarms through the offline distribution channel.

Personal Safety Alarms Market Segmentation Based on Geographic Region

  • APAC
  • Europe
  • MEA
  • North America
  • South America

North America held the largest market share in 2018. The US, Canada, and Mexico are the primary revenue contributors to the personal safety alarms market in North America. The rising crime rates against women, the elderly, and children in the mentioned countries have increased the sales of personal safety alarms in the region. The flourishing e-commerce industry in the region is also supporting the growth of the market in North America.

Key Highlights of the Personal Safety Alarms Market Forecast Report for the Period 2019-2023

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the personal safety alarms market during the next five years
  • Precise estimation of the global personal safety alarms market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the personal safety alarms industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details of factors that will challenge the growth of personal safety alarms companies

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

  • Market segmentation by distribution channel
  • Comparison by distribution channel
  • Offline - Market size and forecast 2018-2023
  • Online - Market size and forecast 2018-2023
  • Market opportunity by distribution channel

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Increase in government initiatives for safety of citizens
  • Increase in product innovations and new launches
  • Growing demand for child safety alarms

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • BASU Corp.
  • Doberman Security Products Inc.
  • JNE Security Ltd.
  • Mace Security International Inc.
  • SABRE - Security Equipment Corp.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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