According to the report by Expert Market Research (EMR), the global personal safety alarms market is projected to grow at a CAGR of 9% between 2024 and 2032. Aided by the rising concerns over personal safety and the increasing incidents of assaults, particularly in urban areas, the market is expected to grow significantly by 2032.
Personal safety alarms, commonly referred to as panic or SOS alarms, are small devices that emit a loud noise when activated. They are designed to alert those nearby and deter potential threats, acting as an immediate call for help during emergencies. These alarms have become vital tools for various demographics, including women, children, and the elderly, offering an added layer of protection in potentially dangerous situations.
As per the personal safety alarms market analysis, the surge in the global market can be attributed to the growing awareness and concern over personal security. As urbanisation increases and cities become more populated, ensuring personal safety, especially during late hours or in isolated areas, has become paramount. Personal safety alarms serve as an affordable and easy-to-use solution, which offers peace of mind to users and their loved ones.
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Furthermore, the rise in smart technology integration within these alarms is one of the crucial personal safety alarms market trends that has added more value to the product. Modern personal safety alarms come equipped with features like GPS tracking, emergency call integration, and smartphone connectivity. Such features not only enhance the device’s primary function but also provide added benefits like location tracking, ensuring that help can reach the user promptly in case of emergencies or accidents.
The growing target audience, including school children, night-shift workers, and elderly individuals, particularly those with medical conditions, further bolsters the personal safety alarms market growth. Schools, corporates, and residential communities have also begun to recognise the importance of such devices, leading to bulk orders and institutional partnerships with manufacturers.
As manufacturers continue to innovate, adding more features to improve the efficiency of personal safety alarms and ensuring reliability, and as public awareness campaigns stress the importance of personal safety, the overall value of the personal safety alarms market size exhibits an upward tick.
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Personal Safety Alarms Market Segmentation
The market can be divided based on type, distribution channel, and region.
Market Breakup by Type
- Mobile Phone App
- Stand-Alone Devices
- Vehicle Based
Market Breakup by Distribution Channel
- Online
- Offline
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global personal safety alarms market. Some of the major players explored in the report by Expert Market Research are as follows:
- JNE Security Ltd.
- Mace Security International Inc. (OTCMKTS: MACE)
- SABRE – Security Equipment Corp.
- BASU
- Doberman Security Products, Inc.
- Others
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