Smart Personal Safety and Security Device Market size was over USD 45.22 Billion in 2023 and is expected to exceed USD 133.75 Billion by the end of 2036, witnessing over 8.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of smart personal safety and security device is evaluated at USD 48.76 Billion. The growth of the market can be propelled by the significant role that has been played in securing the safety and protection of end users by means of smart personal safety and security devices. It is all-important to have safety systems in place for individuals, businesses, and commercial enterprises. For instance, of all cognizable IPC crimes in 2021, crimes against the human body accounted for 30%, crimes against property for 20%, and other IPC crimes for 29.7%. In 2021, there were 2.1 murders for every 100,000 people, 7.4 kidnappings for every 100,000 people, and 4.8 rapes for every 100,000 people across the globe.
Moreover, urbanization, which has become a driving force for the growth of the smart personal safety and security device market, has improved the fashion sense in the world. For athletes, glasses, especially caps, are often regarded as a sporting necessity, leading to styles such as tracksuits. Headwear is becoming increasingly worn by cricket, baseball, polo, or tennis players to improve performance, enhance pleasure and increase personal well-being. According to a survey, more than 70 percent of the players were aware that mouthguards could be used to protect against injury, but only 28% practiced them on a regular basis.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
8.7% |
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Base Year Market Size (2023) |
USD 45.22 Billion |
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Forecast Year Market Size (2036) |
USD 133.75 Billion |
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Regional Scope |
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Smart Personal Safety and Security Device Segmentation
Device Type (Smart Personal Safety, Smart Personal Security)
The smart personal safety segment is poised to hold a 60% share of the smart personal safety and security device market. Under this sub-segment, the helmet category is estimated to have the largest revenue in the near future. There is likely to be further growth in this segment thanks to the growing popularity of full-face smart helmets for adventure sports. It is also expected that the market will be further promoted by federal enforcement of serious road safety standards.
Technology (Networking, Positioning, Sensor, Speech Recognition)
The sensor segment is estimated to hold about 40% share of the smart personal safety and security device market during the forecasted timeframe. The development of sensors in the form of wearable sensors that continuously provide accurate and reliable information has become a key factor in increasing demand for new applications, which is stimulating growth in the market. The use of temperature and proximity sensors in portable and advanced smart personal safety and security devices as well as the use of motion and position sensors in various industries are factors that are driving the growth of the sensor market.
Our in-depth analysis of the global smart personal safety and security device market includes the following segments:
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Device Type |
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Technology |
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North American Market Forecast
The smart personal safety and security device market in the region is set to hold the highest revenue of 30 % by the end of 2036. The rapid adoption of technologies and the presence of developed infrastructure in the region are the major factors that are expected to contribute to the market’s growth in the North America region. Also, there is significant awareness of product availability and applications among the population in countries like the United States and Canada, which contributes significantly to an excellent uptake rate for products. The United States is home to some of the world's most powerful brands that offer breakthrough technology and systems for home security systems. According to the estimates, about 64% of US households are fitted with some form of smart device at home.
APAC Market Statistics
The smart personal safety and security device market in the Asia Pacific region is projected to reach its highest growth rate. The market for security connection devices is projected to be driven by the regional presence of many domestic and international smart production companies, rapid deployment of consumers' electronics as well as increasing Internet of Things penetration in enterprises.
Author Credits: Abhishek Verma
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