Global Wearable Security Device Market Highlights Over 2022 - 2031

The global wearable security device market is estimated to grow at a CAGR of ~18% over the forecast period, i.e., 2022-2031. The growth of the market can be attributed to the increase in the number of women’s abuse cases necessitating emergency requests for assistance. According to the World Health Organization, one out of every three women in the world is victimized by violence, and young women are particularly vulnerable. Moreover, there has been an increase in the awareness among people related to fitness and wearable security devices that help to record their lifestyle patterns. Furthermore, there has been advancement in the medical professional under which devices are used to track the record of patients’ health. Therefore, increase in the number of women’s abuse cases, awareness among the people related to fitness, and advancements in the medical professions are expected to drive the growth of the global wearable security device market.

GET A SAMPLE COPY OF THIS REPORT

The global wearable security device market is segmented by application into healthcare, enterprise, consumer electronics, media, and others out of these, the healthcare segment is anticipated to hold the largest share in the global wearable security device market over the forecast period. This is attributed to the increase in the use of wearable security devices by medical professionals to track the health of their patients. According to the National Library of Medicine, wearable devices help to monitor the patients’ motions during the 24 hours that provide opportunities for chronic disease research. Moreover, there is an increase in awareness among people related to their health, which is expected to contribute to the growth of the healthcare segment.

Global Wearable Security Device Market Regional Synopsis

Regionally, the global wearable security device market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The North America region is estimated to witness modest growth in the global wearable security devices market over the forecast period on the back of an increase in the number of adults population wearing devices for healthcare purposes. According to the National Library of Medicine, approximately 30% of adults in the U.S. use wearable devices to track their health. Moreover, there is an increase in the demand for wearable security devices for the safety of women and children. Furthermore, the younger generation wants to be up to date on new technology, and wearable devices are a popular concept among them. Therefore, the population’s expenditure on a higher standard of living has increased. As per the World Bank, North America’s final consumption expenditure has been raised to USD 18,442,815.7 in the year 2020.

Market Segmentation

Our in-depth analysis of the global wearable security device market includes the following segments:

By System Program

• Android

• iOS

By Product Type

• Smart Jewelry

• Footwear

• Headwear

• Bodywear

• Wristwear

By Application

• Healthcare

• Enterprise

• Consumer Electronics

•  Media

•  Others

Growth Drivers and Challenges Impacting the Growth of the Global Wearable Security Device Market

Growth Drivers

• Increase in the number of women’s abuse cases

• Increase in the awareness related to fitness

• Advancement in the medical profession

Challenges

• Increase in the problem of connectivity issues

• Limited battery space of devices

• High price of the wearable security devices

Key Companies Dominating the Global Wearable Security Device Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global wearable security device market that are included in our report are Intel Corporation, Apple Inc., LG Electronics., Epson America, Inc., Fitbit International Limited, EMOTIV, Inc., COOLSHIRT SYSTEMS, SAMSUNG ELECTRONICS CO., LTD., Garmin Ltd., Electricfoxy., and others.

Latest Developments in the Global Wearable Security Device Market:

• 14 September 2021: Apple Inc., launched Apple Watch Series 7 with a more advanced display. The narrow border of the Apple watch maximizes the screen area with a minutely change in the dimension.

• 11 August 2021: SAMSUNG ELECTRONICS CO., LTD. launched the Galaxy Watch4 and Galaxy Watch4 Classic with Samsung's most user-friendly interface till date.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

.