United States Smart Personal Safety & Security Devices Market: Forecasting Trends & Opportunities
The US Smart Personal Safety & Security Devices Market is valued at USD 58 billion in 2022 and is expected to grow at a robust CAGR of 15.7% through 2028.
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The TechSci Research report titled "United States Smart Personal Safety & Security Devices Market – By Region, Competition, Forecast and Opportunities, 2018-2028" underscores the notable growth trajectory of the United States smart personal safety and security devices market, driven by a convergence of factors. Factors such as heightened awareness of personal safety, escalating crime rates, and a growing inclination towards enhanced security measures have propelled the demand for smart personal safety and security solutions.
Both consumers and businesses are increasingly embracing advanced technologies like wearable devices, home security systems, and mobile apps to facilitate real-time monitoring, emergency notifications, and response capabilities. The COVID-19 pandemic has further accelerated this market's growth, accentuating the necessity for touchless solutions and remote work setups. Moreover, the incorporation of artificial intelligence, machine learning, and Internet of Things (IoT) technologies has bolstered the effectiveness of these security solutions, rendering them more accessible and user-friendly.
The United States Smart Personal Safety & Security Devices Market is positioned for sustained growth, offering a diverse array of innovative products and services tailored to address the evolving safety and security needs of individuals and businesses.
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In this report, the United States Smart Personal Safety & Security Devices Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
United States Smart Personal Safety & Security Devices Market, By Type:
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Smart Personal Security
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Bulletproof Bags
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Personal Alarm
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Panic Button
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Fall Detection Device
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Other Devices
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Smart Personal Safety
United States Smart Personal Safety & Security Devices Market, By End-user:
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Consumers
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Defense
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Factories
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BFSI
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Healthcare
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Telecommunications
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Others
United States Smart Personal Safety & Security Devices Market, By Region:
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South US
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Midwest US
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North-East US
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West US
The increasing concern for personal safety and security, coupled with technological advancements, has propelled the popularity of these smart personal security devices. Wearable devices, in particular, have gained significant traction due to their convenience and user-friendly features like GPS tracking, emergency calling, and SOS alerts.
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The Consumer segment emerges as the dominant end-user category, reflecting the growing awareness about personal safety and security among individuals. This segment encompasses consumers who purchase and utilize smart personal safety and security devices for their protection and peace of mind. These devices offer features such as GPS tracking, emergency calling, and real-time monitoring, empowering users to respond swiftly in emergency situations. Additionally, the integration of smart personal safety devices with home automation systems has further fueled demand, enabling users to control and monitor their safety devices remotely.
Key market players driving innovation in the United States Smart Personal Safety & Security Devices Market include:
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ADT Inc.
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SimpliSafe Inc.
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Ring LLC
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Life Alert Emergency Response, Inc.
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Honeywell International Inc.
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Vivint Smart Home Inc.
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Arlo Technologies, Inc.
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Nest Labs, Inc.
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Abode Systems, Inc.
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Canary Connect, Inc.
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Wyze Labs, Inc.
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The report titled "Smart Personal Safety & Security Devices Market Segmented By Type, By End User, 2018-2028" evaluates the market's growth potential and provides comprehensive statistics and information on market size, structure, and future growth. It aims to furnish valuable market intelligence to facilitate informed decision-making, while also identifying emerging trends, drivers, challenges, and opportunities in the United States Smart Personal Safety & Security Devices Market.
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