Authored By: Sarah
02 Sep 2024

Personal Safety Alarms Market Size to grow by USD 112 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Personal Safety Alarms Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges. In the global arena, governments are spearheading initiatives to enhance consumer safety, particularly for women and children, through the promotion of personal safety alarms. Notably, India's Ministry of Women and Child Development launched the Women Safety initiative of Emergency Response Support System (ERSS) in 16 States and union territories (UT), enabling citizens to call a single pan-India number, 112, during emergencies. This initiative advocates for the inclusion of a panic button on mobile phones, functioning as a personal safety alarm. Trigger mechanisms for the emergency response system include: pressing the power button three times rapidly on smartphones, dialing 112 from any phone, a long press of the touch keys 5 or 9 on feature phones, and utilizing the 112 India Mobile App. The 112 India App offers a unique SOS feature for women and children, alerting registered volunteers in the vicinity for immediate assistance. With the escalating emphasis on citizen safety from governments worldwide, the ensuing awareness of personal safety products, such as personal safety alarms, is poised to fuel the expansion of the global personal safety alarms market throughout the forecast period.

Key Highlights

Growth Projections

The global personal safety alarms market  size is estimated to grow by USD 112 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  10.48% during the forecast period. Increasing personal safety concerns is driving market growth, with a trend towards increasing government initiatives for safety of citizens  However, availability of alternate self-defense products for personal safety alarms  poses a challenge.Key market players include ADT Inc., BASU, Cutting Edge Products Inc., Doberman Security Products Inc., General Electric Co., Honeywell International Inc., JNE Security Ltd., Kasiel Solutions Inc., KATANA Safety Inc., Mace Security International Inc., MaxxmAlarm, Revolar Inc., SABRE, Safelet BV, SeniorWorld, Super Sparkly Safety Stuff LLC, Telefonaktiebolaget LM Ericsson, Unaliwear Inc., Verve Safety, and WEAlarms Ltd..

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Major Findings

  • Amidst rising concerns for personal safety, the market for personal safety alarms has experienced significant growth. These devices, which include personal alarm keys, personal safety wearables, and mobile apps, provide users with a sense of security and the ability to quickly summon help in case of an emergency. With features such as GPS tracking, two-way communication, and loud alarm sounds, personal safety alarms offer peace of mind for individuals in various situations, including personal protection, medical emergencies, and lone worker safety. The market for these devices is expected to continue expanding due to increasing awareness and advancements in technology.

  • The personal safety alarm market is experiencing a significant trend towards premiumization. Consumers are increasingly seeking advanced features and higher quality products to ensure their safety. These devices offer GPS tracking, longer battery life, and more discreet designs, making them worth the investment for individuals prioritizing their security. The demand for these premium personal safety alarms is expected to continue growing as people become more conscious of their safety needs.

  • In the market for personal safety alarms, it is essential to acknowledge the availability of alternative self-defense products. While personal safety alarms are effective in deterring potential threats and alerting authorities, alternatives such as pepper spray, stun guns, and personal protection dogs offer unique advantages. Pepper spray, for instance, can disable an attacker from a distance, while stun guns can incapacitate them without causing lethal harm. Personal protection dogs, on the other hand, provide a constant companion and deterrent. Ultimately, the choice between a personal safety alarm and these alternatives depends on individual preferences, circumstances, and comfort levels.

  • The personal safety alarm market has experienced an unfortunate rise in the proliferation of fraudulent and counterfeit devices. These substandard alarms not only fail to provide adequate protection but also pose potential risks to users. It is crucial for consumers to be vigilant and ensure they purchase alarms from reputable manufacturers and retailers to avoid falling prey to such deceitful practices. The authenticity and quality of personal safety alarms should always be a top priority for individuals seeking peace of mind and enhanced personal security.

Market Research Overview

The global electronic equipment and instruments market, a significant segment of the super parent electronics industry, encompasses manufacturers and providers of advanced technology solutions, including communications equipment, technology hardware storage and peripherals, electronic components, consumer electronics, and industrial electronics. According to Technavio's market analysis, the market's growth is driven by the burgeoning demand for electronic test and measurement equipment. This demand is fueled by technological advancements and digital transformation in various sectors such as semiconductors, automotive, IT, consumer electronics, industrial, energy, and medical devices. The increasing need for precise and efficient testing and measurement solutions is expected to propel market growth in the coming years.

The Personal Safety Alarms Market is experiencing significant growth, fueled by the Increasing personal safety concerns. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Regional Insights

The Personal Safety Alarms market is experiencing significant growth due to escalating concerns for individual security. These devices, which emit a loud alarm when activated, are increasingly being adopted by consumers for use in various settings. Key market drivers include the rising crime rate, increasing awareness about personal safety, and technological advancements leading to more sophisticated and feature-rich alarm systems. Businesses are also recognizing the value of these alarms as a cost-effective solution for enhancing employee safety and reducing potential liability. The market is expected to continue expanding in the coming years.

Research Analysis Overview

The Personal Safety Alarms market has seen significant development in recent years, driven by advanced technology and growing security concerns. These alarms offer emergency contact features, panic buttons, and even integration with IoT technology for real-time assistance during crime incidents or medical emergencies. The market caters to various sectors, including elderly safety, commercial sectors, and vehicle safety. Theft alarms and fire alarms are common applications, but personal safety alarms have expanded to include smart wearables and GPS tracking devices. Swann ActiveResponse, for instance, offers a range of personal safety devices with features like SOS messages, two-way voice communication, and real-time location tracking. Crime statistics and security concerns have fueled the demand for personal safety alarms, with an increasing number of people opting for these gadgets as a preventive measure against theft, assault, and gun-related injuries. Online distribution channels have made these safety devices easily accessible to the masses, making them a must-have for individuals seeking peace of mind. Personal safety alarms come in various forms, including keychains, medical alert pendants, and vehicle safety alarms. They emit a loud noise, like a siren, to attract attention during emergencies. Personal safety whistles are another popular option, offering a simple yet effective solution for those seeking personal safety. Overall, personal safety alarms are essential gadgets that provide an added layer of security and peace of mind in today's world.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

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Technavio Research
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UK: +44 203 893 3200
Email: media@technavio.com
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