Smart Personal Safety and Security Device Market Size

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.