Wearables Connected Personal Alarm Systems to Revolutionize the Electronics Sector During the Forecast Period 2019-2026

Introduction

Nowadays, it has become important to be connected to someone in any kind of emergency by using any mode of communication. Mobile phones are the easiest and most widely used form of communication during a state of an emergency. However, when more precautions and protection is needed, personal alarm systems can play its role. However, the primary and important function of a personal alarm is to provide safety and security to a human being by distracting emergency situations. There are various alarm systems available such as telecare pendent alarm system, activity monitoring, short range sensor and receiver system, and required accessories.    

Segmental Insights

The global connected personal alarm market is segmented into function, type, and application. On the basis of function, the market is segmented into alarm, alarm alert, and texting/calling. However, texting/calling is expected to hold the major share of the market owing to its low prices as compared to alarms and alarm alerts and availability of 24/7 emergency services.

On the basis of the type, the market is segmented into wearables, portable devices, and mobile applications. Wearable devices are projected to grow at highest growth rate, as it helps to gain the attention of surroundings in case of emergency situations.

On the basis of the application, the market is segmented into personal security, home security, and medical emergency. However, personal security is expected to hold the major share of the market due to its usefulness for every age group category as well as helpful for professionals and well-known public figures.

Regional Insights

On the basis of region, the global connected personal alarm market is segmented into North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).

North America holds the largest share of the global connected personal alarm market followed by Europe. North America connected personal alarms market is majorly driven by increasing aging population and growing awareness about personal safety and security in the society.

Europe is sub-segmented into the UK, Belgium, and Netherlands. However, UK is the major contributor to the regional market of connected personal alarm; whereas, Belgium is expecting a healthy growth in the future.

Asia Pacific is one of the prominent regions for the growth of the personal connected alarm market. Increasing security concerns for women and children acts as a major driving factor for this market in the Asia Pacific.

LAMEA are expecting healthy growth during the forecast period 2018–2025. Rising people awareness towards personal healthcare, increased penetration of smartphone-based mobile applications, lack of disease management, advancement in communication and connectivity technologies are driving the growth of the Middle-East and Africa.

Competitive Players

1. Acticheck Ltd. (UK)
2. ADA Security (Ireland)
3. ADT GO (U.S.)
4. Amano Connect (England)
5. Buddi Limited (UK)
6. Careline 365 (England)
7. Greatcall Inc. (U.S.)
8. Koninklijke Philips N.V. (U.S.)
9. MobileHelp Smart (U.S.)
10. PPP Taking Care Ltd. (UK)
11. Revolar (U.S.)
12. Send For Help Ltd. (UK)
13. SureSafe (Australia)
14. Tbaytel (Canada)
15. Tunstall (Australia)
16. Vlinderalarm (The Netherlands)
17. Zembro (Belgium).

 

Recent Developments

• December 2023 - Peterborough City Council could embark on a £1 million personal alarm program for the elderly and vulnerable. The Cambridgeshire County Council used to offer this service, which involves installing alarms in residents' homes that are connected to an operator. Nevertheless, according to the county council, the project will not proceed in March because of "significant" operational and financial difficulties.
• November 2023 - The launch of a new personal safety product, the Swann ActiveResponse personal safety alarm, was announced by Swann Security, a multinational manufacturer of security solutions. The manufacturer claims this safety gadget is a revolutionary advancement in personal safety technology, giving people unprecedented control over their safety.

Segmentation

1. By Function
   1. Basic alarms (sound alerts)
   2. Location tracking
   3. Two-way communication
2. By Type
   1. Mobile Phone App 
   2. Stand-Alone Devices 
   3. Vehicle Safety Alarm 
   4. Keychain 
   5. Pendant and Wrist Band 
   6. Panic Button 
   7. Smart Personal Safety 
   8. Other
3. By Applications
   1. Personal Security
   2. Home Security 
   3. Medical Emergency
4. By Distribution Channel
   1. Online Retail
   2. Offline Retail