The Smart Personal Safety Device Market is growing rapidly. Factors such as the increasing crime rate and criminal activities against women and children drive the market growth. Besides, the rising demand for improved safety features and security measures boosts the Smart Personal Safety Device Market size.

The intense competition in this field encourages device manufacturers to differentiate their product offerings to beat the competition. They also make substantial investments in product development, which, as a result, foster the Smart Personal Safety Device Market share.

With the rapid urbanization and population growth worldwide, the market value is projected to substantiate further in the years to come. In this regard, Market Research Future (MRFR) asserts that the global Smart Personal Safety Device Market would garner exponential traction by 2027, growing at an impressive CAGR during the forecast period (2020 - 2027).

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Key Players:

Players leading the Smart Personal Safety and Security Device Market include Ericsson (Sweden), Force Impact Technologies Inc. (US), Honeywell International Inc. (US), Unaliwear, Inc. (US), Daqri, LLC (US), Huawei Technologies Co. Ltd. (China), Fitbit, Inc. (US), General Electric Company (US), Revolar, Inc. (US), Safelet B.V. (The Netherlands), ADT, Inc. (US), 100Plus, Inc. (US), and KORE Wireless Group (US), among others.

Industry/ Innovation/Related News

July 20, 2021 -- Qualcomm announced the Wearables Ecosystem Accelerator program to bring together hardware and software companies to work on wearable devices and help speed up the launch of new products. This program is projected to provide more opportunities, offering safety & security and additional connected support services integrated with health services.

The company is making a significant investment in wearables platforms, including smartwatches, Android Open Source Project (AOSP) wearables, and the next Real-Time Operating System (RTOS) wearables.

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Smart Personal Safety and Security Device Market- Segmentation

The MRFR analysis is segmented into types, end-users, and regions. The type segment is sub-segmented into smart personal security and smart personal safety devices. The sub-segment smart personal security is bifurcated into wearable devices, including bracelets, pendants, rings, and other devices, such as bulletproof bags, personal alarms, panic buttons, fall detection devices, other devices.

Similarly, the sub-segment smart personal safety device is bifurcated into smart helmets, smart mouth guards, smart knee guards, other devices. The end-user segment is sub-segmented into consumers, defense, factories, BFSI, healthcare, telecommunications, and others. The region segment is sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world.

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Smart Personal Safety and Security Device Market - Regional Analysis

Globally, North America accounts for a significant share in the global public and personal safety device market. Factors such as the massive adoption of advanced technologies and the growing demand for safety and comfort features drive the regional market's growth. The US, among other North American countries, accounts for the dominating share in the regional Smart Personal Safety and Security Device Market.