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(Transportation-News.com, August 03, 2024 ) As per Maximize Market research, the Personal Safety Alarms Market size was valued at USD 10.31 Bn. in 2023, and revenue is expected to grow by 5 percent from 2024 to 2030, reaching nearly USD 14.52 Bn. by 2030.
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The personal safety alarms market has seen significant growth due to rising criminal cases and advancements in safety technology, particularly in the commercial sector. Mobile phone apps dominate the market due to their wide user base, offering emergency panic buttons and other safety features
North America holds the largest market share, followed by Europe with Latin America expected to grow at the highest CAGR. The adoption of 5G technology, with approximately 44% of the North American population expected to adopt it is a significant growth factor. Increasing security concerns for the elderly with more people living independently, and rising urban migration are driving demand for personal safety alarms, which are particularly popular in sectors like hotels, jewelry stores, and grocery stores for enhanced security. These factors combined are driving the robust growth of the personal safety alarms market.
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Personal Safety Alarms Market Segmentation:
By Type
Keychain
Pendant and Wrist Band
Panic Button
Smart Personal Safety
Mobile Phone App
Stand-Alone Devices
Vehicle Safety Alarm
By Application
Adults
Children
By End-user
Personal
Commercial
Personal Safety Alarms Market Key Players:
1. Honeywell International Inc.
2. Daqri
3. BASU Corporation
4. Doberman Security Products Inc.
5. JNE Security Ltd.
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Maximize Market Research is leading Automation & Process Control research firm, has also published the following reports:
Global Wearable Robots Market size was valued at USD 1142 Million in 2023 and is forecasted to grow at a CAGR of 41.6 % from 2024 to 2030, reaching nearly USD 13034.98 Million.
Automotive Data Management Market was valued at USD 1.29 Bn in 2023.The Market size is expected to grow at a CAGR of 20% from 2024 to 2030.
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Akash Raskar
+91 9607365656
akash.r@maximizemarketresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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