Smart Personal Safety and Security Device Market Industry Analysis, Future Prospects And Customer Analysis by 2031
Smart Personal Safety and Security Device Market Overview: The Smart Personal Safety and Security Device Market Size was USD 5,127.37 Million in 2023 It is projected to reach USD 11,942.46 Million by 2031 indicating a CAGR of 11.1% during the forecast period. Market key drivers: Rising Crime Rates: Perceptions or realities of rising crime rates in many areas are pushing individuals to invest in personal security devices. Increased Awareness: Social media and news reports make people more aware of potential threats, driving demand for safety measures. Growing Urbanization: As more people migrate to cities, concerns about safety in densely populated areas fuel the market. Advancements in Technology: The integration of GPS, cellular connectivity, and emergency response features into wearable devices makes them more effective and appealing. Growing Focus on Lone Worker Safety: Employers in industries with lone worker risks, like security or healthcare, are increasingl...