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The personal safety alarms market size is forecast to increase by USD 112 mn at a CAGR of 10.48% between 2023 and 2028.
The personal safety alarms industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The offline segment is estimated to witness significant growth during the forecast period. Personal safety alarms represent a significant market, with offline distribution accounting for the largest share due to consumers' preference for physically examining products before purchase. Specialty stores, offering a wide range of personal safety devices, play a crucial role in this segment's growth. Key product types include gadgets, keychains, medical alert pendants, and vehicle safety alarms. Advanced technology features, such as loud noise, sirens, emergency assistance, GPS tracking, and emergency contact features, enhance the functionality of these devices. Safety concerns, driven by crime statistics and gun-related injuries, fuel demand for personal safety whistles and advanced technologies like Swann ActiveResponse. Wearable technologies, IoT, and smart wearables are emerging trends, with home security systems like SimpliSafe and commercial sectors also adopting safety devices.
Despite privacy concerns, the market is expected to grow, driven by safety technology advancements and the integration of emergency message and connected wearables for women's safety. Crime rates and industrial environments necessitate data security measures, while shipping delays and strategic decisions impact market growth. In conclusion, personal safety alarms cater to various sectors, ensuring protection, monitoring, and emergency assistance.
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The Offline segment was valued at USD 83.80 mn in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in North America is expected to maintain its dominance In the global market due to escalating crime statistics, particularly against vulnerable demographics such as women, elderly people, and children. With over 80% of the population In the US and Canada residing in urban areas, the need for personal safety devices is increasingly becoming a priority. The market's growth is driven by the adoption of various product types, including gadgets, keychains, medical alert pendants, and vehicle safety alarms. These devices often feature loud noises, sirens, emergency assistance, and GPS tracking to ensure user safety. Advanced technology developments, such as emergency contact features, mobile phone apps, and wearable technologies, are further enhancing the market's growth.
Despite privacy concerns, the integration of IoT technology, smart wearables, and 5G technology is expected to offer new opportunities for market expansion. The commercial sectors, including healthcare, industrial environments, and transportation, are also adopting personal safety alarms to address security concerns. The market's growth is further fueled by safety technology advancements, such as panic buttons, theft alarms, and fire alarms, which offer additional layers of protection. In conclusion, the market in North America is poised for significant growth due to increasing safety concerns, product awareness, and technological advancements.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Wearable technologies like smartwatches and fitness bands with panic buttons, emergency contact features, and mobile phone app integration are also in demand. Product type segmentation includes standalone devices, wearable devices, and home security systems from brands like Swann ActiveResponse, SimpliSafe, and others. Safety technology advancements, such as GPS tracking, 5G technology, and IoT integration, are enhancing the functionality of these devices. However, privacy concerns and shipping delays may impact strategic decisions for consumers. Bluetooth emergency pendants, personal safety whistles, and panic buttons are also popular safety devices. Crime prevention and elderly safety are significant applications for these devices. Fire alarms, theft alarms, and advanced technology development with emergency message and connected wearables are other market trends.
Industrial environments and data security are also potential markets for personal safety alarms.
Additionally, the 112 India App offers a special SOS feature for immediate assistance. The integration of advanced technology, such as GPS tracking, Bluetooth emergency pendants, and IoT technology, is revolutionizing personal safety devices. Wearable technologies, including smart wearables and home security systems from brands like Swann ActiveResponse and SimpliSafe, are gaining popularity. However, privacy concerns remain a significant challenge, necessitating careful product type segmentation and strategic decisions. Crime statistics, including gun-related injuries and theft alarms, underscore the importance of personal safety devices. As crime rates continue to rise, the demand for safety technology advancements, including emergency contact features, mobile phone apps, and standalone devices, is expected to increase.
Furthermore, the integration of 5G technology and safety features in vehicles is anticipated to boost the market growth. In conclusion, the market is poised for substantial growth due to rising safety concerns, government initiatives, and technological advancements. The market encompasses a wide range of products, from personal safety whistles to connected wearables and vehicle safety alarms, catering to various industries and sectors.
Commercial sectors, including industrial environments, also utilize safety devices like fire alarms and theft alarms to prevent crime incidents. Product type segmentation includes premium pricing for high-tech safety devices with advanced features, such as GPS tracking and 5G technology. Home security systems, like SimpliSafe, offer integration with personal safety alarms for comprehensive protection. Privacy concerns may influence purchasing decisions, as some devices require data sharing for optimal functionality. Safety devices, such as personal safety alarms, play a crucial role in addressing personal safety concerns. However, the growing popularity of pepper sprays and stun devices, which offer immediate action and are more effective in certain situations, may hinder the market growth.
Despite this, the development of emergency contact features, IoT technology, and smart wearables continues to drive the market forward.
The personal safety alarms market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the personal safety alarms market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, personal safety alarms market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
ADT Inc. - The personal safety alarm market encompasses a range of devices designed to deter potential threats and summon assistance in emergencies. One notable option is the BASU e Alarm Pro (3rd Gen), a versatile personal safety solution. This device offers users peace of mind through features such as a loud alarm, panic button, and SOS signal. Its compact design and long battery life make it an ideal companion for various applications, including personal protection, elderly care, and lone worker safety. The market for personal safety alarms continues to grow as consumers prioritize their safety and well-being.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The personal safety alarm market encompasses a range of devices designed to provide individuals with a sense of security and quick response in emergency situations. These devices, which include keychain alarms, personal safety whistles, and medical alert pendants, among others, have gained increasing popularity as personal safety concerns continue to be a significant factor in consumer decision-making. Crime statistics indicate that safety is a valid concern for many individuals, with incidents of gun-related injuries and thefts reported frequently. In response, the market for personal safety devices has seen significant growth, driven by advancements in technology and the increasing demand for effective crime prevention measures.
One segment of the personal safety alarm market consists of wearable technologies, such as smartwatches and fitness trackers, which incorporate emergency assistance features. These devices allow users to send an emergency message to their designated contacts with the press of a button or through a mobile phone app. Some advanced models even offer GPS tracking, enabling responders to locate the user in real-time. Another segment of the market includes standalone devices, such as personal safety sirens and panic buttons. These devices emit a loud noise or signal for help when activated, drawing attention to the user's location and alerting others to the emergency situation.
Some models offer additional features, such as emergency contact lists and two-way communication with emergency services. The development of IoT technology and 5G networks has also led to the emergence of connected wearables and home security systems. These systems offer advanced security features, such as real-time monitoring and remote control, providing users with greater peace of mind and convenience. Despite the numerous benefits of personal safety devices, there are also concerns regarding privacy and data security. As these devices often require users to share their location and personal information, it is essential that manufacturers prioritize data protection and implement robust security measures.
The personal safety alarm market is diverse and dynamic, with new products and technologies continually emerging. Economic factors, such as premium pricing and shipping delays, can also impact market growth and strategic decisions. However, with the increasing prevalence of crime and the growing demand for effective safety solutions, the market for personal safety devices is expected to continue expanding In the coming years. In conclusion, the personal safety alarm market offers a range of devices designed to provide individuals with peace of mind and quick response in emergency situations. Driven by advancements in technology and increasing personal safety concerns, this market is expected to continue growing In the coming years.
However, it is essential that manufacturers prioritize data security and privacy concerns to maintain consumer trust and confidence.
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Market Scope |
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Report Coverage |
Details |
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Page number |
163 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.48% |
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Market growth 2024-2028 |
USD 112 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
9.23 |
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Key countries |
US, China, Germany, France, and Canada |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this personal safety alarms market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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