Personal Alarm Market to Grow with a CAGR of 13.4% Globally through 2028
Rising concern
for personal safety and increasing technological advancements in products are
driving the Global Personal Alarm Market in the forecast period 2024-2028.
According to
TechSci Research report, “Global Personal Alarm Market - Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”, the
Global Personal Alarm Market stood at USD 187.56 Million in 2022 and is
anticipated to grow with a CAGR of 13.4% in the forecast period, 2024-2028. The
Global Personal Alarm Market has experienced remarkable growth, driven by a
confluence of factors that underscore the increasing importance of personal
safety and security in the modern world. The market encompasses a diverse range
of devices designed to provide individuals with a quick and effective means of
signaling for help in emergency situations. From traditional loud-sounding
alarms to technologically advanced smart devices, the market caters to a broad
spectrum of consumer preferences and needs.
The primary
driver of the Global Personal Alarm Market is the rising awareness and concerns
for personal safety. As urbanization progresses and crime rates fluctuate,
individuals across various demographics are placing a heightened emphasis on
taking proactive measures to safeguard themselves. Personal alarms, compact and
easily portable, have emerged as a popular choice for self-defense, offering a
sense of security to people of all ages. The market has witnessed increased
demand from not only women and the elderly but also students, professionals,
and travelers, reflecting a universal need for accessible and reliable personal
safety tools.
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"Global Personal Alarm Market”
Changing
demographics and lifestyles further fuel the growth of the Personal Alarm
Market. The rise in solo living arrangements, particularly among students and young
professionals, has led to an increased demand for personal safety solutions.
Personal alarms offer a practical and easily accessible option for those who
may not have immediate access to assistance. The market has adapted to these
shifts, with manufacturers innovating to provide features such as GPS tracking,
connectivity to mobile devices, and stylish designs that seamlessly integrate
into modern lifestyles.
Technological
advancements play a pivotal role in shaping the Global Personal Alarm Market. The
integration of smart technology into personal alarm devices has brought about a
new era of innovation. GPS tracking capabilities, connectivity to mobile apps,
and other advanced features enhance the functionality of personal alarms,
providing users with more sophisticated and interconnected safety solutions.
The market has responded to the demand for smart devices, catering to
tech-savvy consumers who seek cutting-edge technology to augment their personal
security.
Global travel
and tourism trends contribute significantly to the demand for personal alarms.
As people explore diverse destinations, personal safety becomes a paramount
concern. The compact nature of personal alarms makes them an ideal travel
accessory, providing a portable and accessible means of self-defense in
unfamiliar environments. The trend of solo travel, especially among
millennials, has further propelled the demand for personal safety tools,
reinforcing the market's role as a global industry addressing the safety needs
of a broad spectrum of consumers.
While the Global
Personal Alarm Market is on a trajectory of growth, it also faces challenges.
Saturation and competition, technological complexity, regulatory compliance,
and privacy concerns are among the hurdles that industry stakeholders must
navigate. Overcoming these challenges will require ongoing innovation,
collaboration, and a commitment to ensuring that personal alarm devices
continue to meet the evolving needs of consumers worldwide. Overall, the Global
Personal Alarm Market reflects a dynamic landscape shaped by societal shifts,
technological advancements, and a universal desire for personal safety and
security.
The Global Personal
Alarm Market is segmented into product type, distribution channel, regional distribution,
and company.
Based on product
type the market is segmented into Auto-dialler / Non-Monitored Alarm and Monitored
Alarm.
Based on distribution
channel the market is segmented into online and offline
Based on region
the market is segmented into five regions, North America, Europe, Asia Pacific,
Middle East & Africa, and South America.
Major companies
operating in Global Personal Alarm Market are:
- SABRE
- Mace
Security International
- Streetwise
Security
- JNE
Security
- Nano
Banshee
- VitalCall
- Vigilant
- Doberman
Security
- GE
- BASU
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“Increasing
emphasis on design and portability in personal alarm is expected to have an
impact on growth over the forecasted period. Rising concern for personal safety
and increasing technological advancements in products will positively impact
the Global Personal Alarm Market. Due to the wide range of products available
to meet specific needs of, as well as the growing popularity of the online sales
channel, the market is growing at impressive rate through projected period,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Personal Alarm Market – Global Industry
Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type
(Auto-dialler / Non-Monitored Alarm, Monitored Alarm), By Distribution Channel
(Online, Offline), By Region, By Competition, 2018-2028”, has
evaluated the future growth potential of Global Personal Alarm Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Personal Alarm Market.
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