Research Nester’s recent market research analysis on “Smart Personal Safety and Security Device Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global smart personal safety and security device market in terms of market segmentation by device type, technology, and by region.
Growing Concern for the Prevalence of Safety and Security to Promote Global Market Share of Smart Personal Safety and Security Device
Smart personal safety and security devices have played a significant role in securing the protection of end users. Ensuring security systems for individuals, businesses and companies is of great importance. There is widespread application of these solutions for monitoring, surveillance, security, and microsystemic applications. The demand for these products by thrill seekers will underpin the market and it is expected to stimulate growth over the forecast period.
Globalization has made the world a more fashionable place, with urbanization becoming an important driver of market growth. The use of glasses, in particular hats, is frequently considered a sports necessity by athletes and has led to fashions such as tracksuits. To improve their performance, enjoyment, and increased personal well-being, the headwear worn by cricket, baseball, polo, or tennis players is increasing. More than 70% of the players knew that mouthguards could be used for protection from injury, but only 28% had been practicing them regularly, as per the analysis
Some of the major growth factors and challenges that are associated with the growth of the global smart personal safety and security device market are:
Growth Drivers:
· Surge in Growing Concerns of personal safety and Security
· Rising Product Launches in the Market
Challenges:
There's a whole bunch of clever security devices that use batteries. This is the case for a wide range of devices. Each battery driven device has a low capacity for power, meaning that after several hours of use they will no longer be able to charge. Users may find it distracting to continuously charge the device since it is useless in case there is no power to help it perform. Moreover, data theft, manipulation and hacking are potential risks linked to the use of personal safety software, These are some of the major factors anticipated to hamper the global market size of smart personal safety and security device.
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By device type, the global smart personal safety and security device market is segmented into smart personal safety, smart personal security. The smart personal safety category is set to dominate the market with a 60% share. The helmet category is expected to generate the most income in this sub-segment in the near future. The increasing popularity of full-face smart helmets for adventure sports is expected to drive additional growth of the segment in this market. Federal implementation of strict road safety regulations is also expected to boost the sector.
By region, the Europe smart personal safety and security device market is to generate the highest revenue by the end of 2035. The market in Germany for smart personal safety and security equipment is expected to grow at the highest cumulative annual growth rate of 10.5% over the forecast period. The growing demand and usage of smart security and safety devices by consumers with technical skills is a driving force behind the market in Germany for smart personal security and safety devices.
This report also provides the existing competitive scenario of some of the key players of the global smart personal safety and security device market which includes company profiling of Fitbit Inc., General Electric, FIT Inc., Revolar, Safelet B.V., UnaliWear Inc., Huawei Technologies Co., Ltd., Telefonaktiebolaget LM Ericsson, Honeywell International Inc.
, and others.
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