Personal safety alarms is device that is designed to alert people about uncertain or crime events and scare thieves and other criminals, these personal safety alarms helps people in dangerous and emergency situations by informing guardian or inviting helps from other people. Personal safety alarms are user-friendly and cost-effective as it is very easy to operate and works on IOT technology that offers multiple connectivity and east surveillance on security of loved one. Personal safety alarm devices are available in various models and types such as key chains, smart wearable and personal vehicles safety alarms. Personal safety alarms device market has shown a significant growth in last few years as it is widely used in commercial sectors to enhance safety of business and vendors. Rising number of criminal incidents and surge in innovation of personal safety alarm devices are major factor in growth of global personal safety alarm market and expected to be more inclining in forecast period.
COVID-19 Impact Analysis-
- During COVID-19, many industries were suffering from economic crises; spread of Wuhan virus has led to daunting effect on globalpersonal safety alarm market.
- To control spread of corona virus diseases, Nation-wide lockdown was imposed by government resulted in huge disruption in supply chain of raw material and disordering of production cycle of globalpersonal safety alarm market. Restraints were imposed on several safety stores, protective stores and a hardware store is resulted into hampering in demand of personal safety alarms market.
- Restraints were imposed by government on several retails stores and entire commercial sector that led to great decline in demand of global personal safety alarm market.
- E-commerce has played vital role in uplifting supply chain of personal safety alarm as it helps to cover wider range and cater demands of customer. Customers are also started shifting to online shopping method and hesitating and avoiding to going for instore purchases to control spread of corona virus diseases.
Top Impacting Factors-
- Many people are migrating to other cities in search of better job opportunities, better health care and transportation facilities. Migration of peoples resulting into rise in number of nuclear family and independent living of elder peoples leading to rising safety concern of nuclear family and elder people. People are opting for smart personal alarm safety that helps to maintain security and safety of elder people and nuclear family and reduce risk of thefts and other uncertainties. These smart personal safety alarm help are user family and easy operate by elder and other family members, Smart personal safety alarm works on iot bases technology and also accessible through mobile phone applications. Rising consumer safety concern of elder and nuclear family is a key factor in growth of global personal safety alarms market.
- Personal safety alarms are widely used in commercial sectors such as jewellery stores, small grocery stores, hotels and other micro level vendors. These vendors and retailers are using personal safety alarm such as panic buttons, fire alarm, theft alarms and Defensive military grades alarms. These personal safety alarms helps to enhance safety of vendors and makes very loud sound and led lights to scare off attackers. Wide adaption of personal safety alarms in commercial sectors is key driver in growth of global personal safety alarm market.
- Crime incidents such as theft and other uncertain incidents are significantly raising in last few years, these incidents may lead to life taking events by criminals. To avoid uncertain crime incidents and to enhance personal safety people, they have started adapting more high-tech and a smart personal safety alarm that helps to protect loved one and increase safety of users. Rising crime incidents with peoples is prime factor in growth of global personal safety alarms market.
Surge in innovation of personal safety alarm
Key player are highly investing in innovation of products and engaged with research &development process, to offers improvised and innovative products to catering demand of consumers and to compete with competitors and rival products. Key players have introduced many high-tech personal safety alarms that is applicable for different places and used for various purposes such as emergency flashlights, personal alarm that comes with smart wearable such as pendent and bracelets.They have also introduced personal safety alarm that is used at commercial places such as panic buttons alarms, fire alarms and surveillance and security. Many new personal safety alarms devices are work on IOT technology and user friendly. These new and personal safety alarms helps to enhance safety of people by offering many different features in stand-alone and mobile based safety alarms. Surge in innovation of personal safety alarm devices is prominentfactor that is fuel growth of global personal safety alarm market.
Rise in number of working women
Now day many women are working in different odd shifts to earn livelihood and to afford healthy and better lifestyle, increase in number of working women in odd shift is globally influencing demand of personal safety alarm. These smart personal safety alarms wearable devices offers various safety features such as emergency contact feature in pendant, wrist watch and key chains, these smart wearable safety alarm also send messages and location on one tap to their loved once to protect them in emergency and uncertain situations. Rise in number of working women and rising safety concerns of working women is utmost factor that is accelerating growth of global personal safety alarm market.
Key Benefits of Report-
- This study presents the analytical depiction of the personal safety alarm Industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the personal safety alarm marketshare.
- The current market is quantitatively analysed to highlight personal safety alarm market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed personal safety alarm market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Report –
- Which are the leading players active in the personal safety alarm market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
- What is the personal safety alarm market prediction in the future?
- Which will be the niches at which players profiling with recent advancements should set a presence?
- What are the current trends and predicted trends?
Personal Safety Alarms Market Report Highlights
By Products Type
By Price Point
By End User
By Distribution Channel
Key Market Players
Eaton Home Security, Vivint, Ring Alarm, ADT Security Services, SimpliSafe, Honeywell, Brinks, AT&T, Abode, Qolsys