Personal Safety Alarms Market
Personal Safety Alarms Market Forecasts to 2030 - Global Analysis By Product Type (Keychain Alarms, Mobile Phone App, Standalone Devices, Vehicle Safety Alarms, Pendant & Wristband Alarms, Panic Buttons, Smart Personal Safety Alarms, Flashlight Alarms, GPS Alarms and Other Products Types), Price Point, Distribution Channel, Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Personal Safety Alarms Market is accounted for $11.0 billion in 2024 and is expected to reach $16.5 billion by 2030 growing at a CAGR of 7.0% during the forecast period. Personal safety alarms are compact, portable devices designed to enhance personal security by emitting a loud sound to deter attackers and attract attention during emergencies. These alarms cater to various user groups, including women, children, the elderly, travellers, and outdoor enthusiasts. They come in multiple forms, such as keychain alarms, wearable devices, and smartphone-connected models with advanced features like GPS tracking and real-time alerts. By addressing specific needs through customizable alerts and multi-functionality, personal safety alarms play a crucial role in promoting individual safety and peace of mind across diverse environments and situations.
Market Dynamics:
Driver:
Rising concerns for personal safety
Increased awareness of safety issues, particularly among women, children, the elderly, and outdoor enthusiasts, drives demand for reliable and accessible security solutions. As people seek enhanced protection in daily activities, travel, and public spaces, the market sees a surge in sales of compact, portable alarms with advanced features like GPS tracking and real-time alerts. This heightened demand encourages manufacturers to innovate and diversify their product offerings, further expanding the market and meeting the evolving safety needs of consumers.
Restraint:
Limited effectiveness
Users rely on these devices for immediate assistance during emergencies, but if alarms fail to perform as expected due to weak sound output, short battery life, or poor connectivity confidence in their reliability diminishes. Instances where alarms do not deter attackers or fail to alert emergency contacts can lead to negative word-of-mouth and poor reviews, deterring potential buyers hampering the growth of the market.
Opportunity:
Growing popularity of smart wearables
Smart wearables with built-in safety features raise awareness about personal safety in general and with safety features are often sleek and discreet. Integration with existing devices like smart watches makes them readily accessible, potentially encouraging more consistent personal safety measures. These unique functionalities like fall detection, location tracking, and two-way communication, which can be more effective than traditional standalone alarms in certain situations, drive the growth of the market.
Threat:
Dependence on external factors
Higher crime rates typically drive demand for personal safety alarms, while favorable regulations and advancements in sensor technology enhance product capabilities and market penetration. Demographic shifts towards urbanization and an aging population also impact market growth, influencing consumer preferences for portable and reliable safety solutions hampering the market growth.
Covid-19 Impact:
Initially, widespread lockdowns and restrictions reduced demand due to decreased outdoor activities and travel. However, heightened awareness of personal safety and health concerns during the pandemic prompted a rebound in demand for personal safety alarms as people sought enhanced security measures. Additionally, the shift towards remote work and virtual learning increased interest in portable safety solutions. Manufacturers also adapted by emphasizing hygiene features and remote monitoring capabilities in their products.
The keychain alarms segment is expected to be the largest during the forecast period
The keychain alarms is expected to be the largest during the forecast period because these devices often equipped with loud sirens or lights activated by a simple pull or button press, appeal to individuals seeking convenient personal protection. They have expanded market reach by catering to diverse demographics, including students, elderly individuals, and urban commuters. Keychain alarms have also spurred innovation in design and functionality, integrating features such as GPS tracking and smartphone connectivity. Their affordability and ease of use have further bolstered market growth.
The fall detection & medical emergencies segment is expected to have the highest CAGR during the forecast period
The fall detection & medical emergencies segment is expected to have the highest CAGR during the forecast period as these advanced alarms automatically detect falls or health emergencies such as heart attacks and trigger immediate alerts to emergency contacts or monitoring centers. This capability not only provides peace of mind to users and caregivers but also expands the market into healthcare and eldercare sectors. The integration of GPS tracking and two-way communication further enhances functionality, making these alarms essential tools for independent living and emergency response, thereby driving market growth and innovation.
Region with largest share:
North America is projected to hold the largest market share during the forecast period owing to the emergence of 5G technology and its applications assist the market to adopt new technologies which help the personal security alarms market to grow through the forecast period. Approximately 44% of the population is expected to adopt 5G in North America fuelling the growth of the personal safety alarms market.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period due to increasing awareness of personal safety issues and rising disposable incomes in the region. Countries like China, Japan, India, South Korea, and Australia are key contributors to market expansion. Factors such as urbanization, growing crime rates in some urban centers, and cultural shifts towards prioritizing personal safety are driving demand for portable and effective safety solutions. Additionally, the market benefits from the presence of both local and international manufacturers offering a range of products catering to diverse consumer preferences and needs.
Key players in the market
Some of the key players in Personal Safety Alarms market include ADT Security Services , BASU Corporation, Brinks, Daqri, Doberman Security Products Inc., Eaton Home Security, Force Impact Technologies Inc., General Electric Company, Honeywell International Inc., Huawei Technologies Co. Ltd., JNE Security Ltd., Mace Security International Inc., Qolsys, Revolar, Ring Alarm, Safelet B.V., SimpliSafe, Skyguard Limited and Vivint
Key Developments:
In July 2024, China’s Huizhou CHP Plant starts commercial operation, powered by GE Vernova’s hydrogen-ready H-Class equipment. New power plant is expected to deliver up to 1.34 gigawatts (GW) to the grid and steam for the industrial process of the chemical complex present in Huizhou
In April 2024, GE aerospace launches as independent, investment-grade public company following completion of GE vernova spin-off. This launch of ge aerospace marks successful completion of ge’s multi-year transformation.
In February 2024, Honeywell india partners with americares to transform healthcare and educational centers through its sustainable community development program. With a combined investment of over 6 crores in FY 2023-24, HHSIF and Americares have upgraded 48 PHCs and 6 schools across Maharashtra, Uttarakhand, and Tamil Nadu.
Product Types Covered:
• Keychain Alarms
• Mobile Phone App
• Standalone Devices
• Vehicle Safety Alarms
• Pendant & Wristband Alarms
• Panic Buttons
• Smart Personal Safety Alarms
• Flashlight Alarms
• GPS Alarms
• Other Products Types
Price Points Covered:
• Premium
• Medium
• Economy
Distribution Channels Covered:
• Online Retailers
• Offline Retailers
• Direct Sales
Technologies Covered:
• Networking
• Positioning
• Sensor
• Speech Recognition
• Other Technologies
Applications Covered:
• Individual & Women's Safety
• Fall Detection & Medical Emergencies
• Professional Use
• Travel Safety
• Intrusion Alerts & Emergency Response
• Emergency Response
• Other Applications
End Users Covered:
• Women
• Children
• Travelers
• Outdoor Enthusiasts
• Pet Owners
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 End User Analysis
3.10 Emerging Markets
Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Personal Safety Alarms Market, By Product Type
5.1 Introduction
5.2 Keychain Alarms
5.3 Mobile Phone App
5.4 Standalone Devices
5.5 Vehicle Safety Alarms
5.6 Pendant & Wristband Alarms
5.7 Panic Buttons
5.8 Smart Personal Safety Alarms
5.9 Flashlight Alarms
5.10 GPS Alarms
5.11 Other Product Types
6 Global Personal Safety Alarms Market, By Price Point
6.1 Introduction
6.2 Premium
6.3 Medium
6.4 Economy
7 Global Personal Safety Alarms Market, By Distribution Channel
7.1 Introduction
7.2 Online Retailers
7.3 Offline Retailers
7.4 Direct Sales
8 Global Personal Safety Alarms Market, By Technology
8.1 Introduction
8.2 Networking
8.3 Positioning
8.4 Sensor
8.5 Speech Recognition
8.6 Other Technologies
9 Global Personal Safety Alarms Market, By Application
9.1 Introduction
9.2 Individual & Women's Safety
9.3 Fall Detection & Medical Emergencies
9.4 Professional Use
9.5 Travel Safety
9.6 Intrusion Alerts & Emergency Response
9.7 Emergency Response
9.8 Other Applications
10 Global Personal Safety Alarms Market, By End User
10.1 Introduction
10.2 Women
10.3 Children
10.4 Travelers
10.5 Outdoor Enthusiasts
10.6 Pet Owners
10.7 Other End Users
11 Global Personal Safety Alarms Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 ADT Security Services
13.2 BASU Corporation
13.3 Brinks
13.4 Daqri
13.5 Doberman Security Products Inc.
13.6 Eaton Home Security
13.7 Force Impact Technologies Inc.
13.8 General Electric Company
13.9 Honeywell International Inc.
13.10 Huawei Technologies Co. Ltd.
13.11 JNE Security Ltd.
13.12 Mace Security International Inc.
13.13 Qolsys
13.14 Revolar
13.15 Ring Alarm
13.16 Safelet B.V.
13.17 SimpliSafe
13.18 Skyguard Limited
13.19 Vivint
List of Tables
1 Global Personal Safety Alarms Market Outlook, By Region (2022-2030) ($MN)
2 Global Personal Safety Alarms Market Outlook, By Product Type (2022-2030) ($MN)
3 Global Personal Safety Alarms Market Outlook, By Keychain Alarms (2022-2030) ($MN)
4 Global Personal Safety Alarms Market Outlook, By Mobile Phone App (2022-2030) ($MN)
5 Global Personal Safety Alarms Market Outlook, By Standalone Devices (2022-2030) ($MN)
6 Global Personal Safety Alarms Market Outlook, By Vehicle Safety Alarms (2022-2030) ($MN)
7 Global Personal Safety Alarms Market Outlook, By Pendant & Wristband Alarms (2022-2030) ($MN)
8 Global Personal Safety Alarms Market Outlook, By Panic Buttons (2022-2030) ($MN)
9 Global Personal Safety Alarms Market Outlook, By Smart Personal Safety Alarms (2022-2030) ($MN)
10 Global Personal Safety Alarms Market Outlook, By Flashlight Alarms (2022-2030) ($MN)
11 Global Personal Safety Alarms Market Outlook, By GPS Alarms (2022-2030) ($MN)
12 Global Personal Safety Alarms Market Outlook, By Other Product Types (2022-2030) ($MN)
13 Global Personal Safety Alarms Market Outlook, By Price Point (2022-2030) ($MN)
14 Global Personal Safety Alarms Market Outlook, By Premium (2022-2030) ($MN)
15 Global Personal Safety Alarms Market Outlook, By Medium (2022-2030) ($MN)
16 Global Personal Safety Alarms Market Outlook, By Economy (2022-2030) ($MN)
17 Global Personal Safety Alarms Market Outlook, By Distribution Channel (2022-2030) ($MN)
18 Global Personal Safety Alarms Market Outlook, By Online Retailers (2022-2030) ($MN)
19 Global Personal Safety Alarms Market Outlook, By Offline Retailers (2022-2030) ($MN)
20 Global Personal Safety Alarms Market Outlook, By Direct Sales (2022-2030) ($MN)
21 Global Personal Safety Alarms Market Outlook, By Technology (2022-2030) ($MN)
22 Global Personal Safety Alarms Market Outlook, By Networking (2022-2030) ($MN)
23 Global Personal Safety Alarms Market Outlook, By Positioning (2022-2030) ($MN)
24 Global Personal Safety Alarms Market Outlook, By Sensor (2022-2030) ($MN)
25 Global Personal Safety Alarms Market Outlook, By Speech Recognition (2022-2030) ($MN)
26 Global Personal Safety Alarms Market Outlook, By Other Technologies (2022-2030) ($MN)
27 Global Personal Safety Alarms Market Outlook, By Application (2022-2030) ($MN)
28 Global Personal Safety Alarms Market Outlook, By Individual & Women's Safety (2022-2030) ($MN)
29 Global Personal Safety Alarms Market Outlook, By Fall Detection & Medical Emergencies (2022-2030) ($MN)
30 Global Personal Safety Alarms Market Outlook, By Professional Use (2022-2030) ($MN)
31 Global Personal Safety Alarms Market Outlook, By Travel Safety (2022-2030) ($MN)
32 Global Personal Safety Alarms Market Outlook, By Intrusion Alerts & Emergency Response (2022-2030) ($MN)
33 Global Personal Safety Alarms Market Outlook, By Emergency Response (2022-2030) ($MN)
34 Global Personal Safety Alarms Market Outlook, By Other Applications (2022-2030) ($MN)
35 Global Personal Safety Alarms Market Outlook, By End User (2022-2030) ($MN)
36 Global Personal Safety Alarms Market Outlook, By Women (2022-2030) ($MN)
37 Global Personal Safety Alarms Market Outlook, By Children (2022-2030) ($MN)
38 Global Personal Safety Alarms Market Outlook, By Travelers (2022-2030) ($MN)
39 Global Personal Safety Alarms Market Outlook, By Outdoor Enthusiasts (2022-2030) ($MN)
40 Global Personal Safety Alarms Market Outlook, By Pet Owners (2022-2030) ($MN)
41 Global Personal Safety Alarms Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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