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Wearable Security Device Market Size to Reach USD 2.027 Billion, With an 6.00% CAGR by 2032 – Report by Market Research Future (MRFR)

Dec 14, 2023 2:00 AM ET

Wearable Security Device Market Size to Reach USD 2.027 Billion, With an 6.00% CAGR by 2032 – Report by Market Research Future (MRFR)

Wearable Security Device Market:

According to MRFR analysis, In 2022, the Wearable Security Device Market was estimated to be worth USD 1.2 billion. According to projections, the wearable security device market is expected to develop at a compound annual growth rate (CAGR) of 6.00% from USD 1.27 billion in 2023 to USD 2.027 billion by 2032. The main market driver of the wearable security device market analysis is the rising public awareness of fitness, healthy living, and at-home healthcare. There has been a notable surge in the market for wearable security devices lately. The primary causes of this are the expansion of the population, an increase in chronic illness, and the advancement of medical technology.

The government’s efforts to improve women’s safety by giving away wearable panic buttons and the rise in criminal behaviour, including abuse and harassment on the streets, will drive the market’s expansion. Numerous R&D projects, such as those involving wearable security devices for industrial settings and personal safety wearables, may have an impact on the needs of the market. Cisco Systems projects that there will be 1105 million connected wearable devices by 2022, up from 593 million in 2018. This indicates the increasing desire among consumers for wearables that are linked, able to track their location in real time, offer assistance in an emergency, and alert users to any dangers.

In April 2022, TELUS unveiled the TELUS SmartWare Security, a wearable accessory that may provide customers with round-the-clock emergency support and peace of mind. Soon, these factors should support the expansion of the wearable security device market’s global revenue.

Key Players:

Key Companies in the wearable security device market include:

  • Apple
  • Google
  • Fitbit
  • Samsung
  • Amulyte
  • Bear tek
  • Carre technology
  • Cool shirt systems
  • Electricfoxy
  • Emotiv systems
  • Epson America
  • Ever find
  • Garmin
  • Intel
  • LG electronics


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Scope of the Report – Wearable Security Device Market:

   Report Metrics


   Market Size by 2032

   USD 2.027 Billion

   CAGR during 2023-2032


   Base Year





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Market Segmentations:

Based on product type, the worldwide wearable security device market is segmented into three categories: smart watches, smart jewellery, and smart shoes. The category that brought in the most money was smart watches.

iOS and Android are included in the segmentation of the worldwide wearable security device market based on operating system. The market was dominated by the iOS sector.

Based on connection, the global market for wearable security devices is divided into three segments: Bluetooth, Wi-Fi, and RFID. The segment with the highest revenue was Bluetooth.

Browse In-depth Market Research Report (100 Pages, Charts, Tables, Figures) Wearable Security Device Market  –

Regional Analysis:

The report offers market information for North America, Europe, Asia-Pacific, and the rest of the world, broken down by region. Due to several factors, such as an increase in consumer demand for security devices that can be used for a range of tasks, such as theft prevention and missing person searches, as well as a rise in the wearable technology adoption rate globally, the wearable security device market in North America is expected to dominate this market.

The increasing purchasing power of its customers and the rapid urbanisation of several economies are projected to drive the fastest-growing compound annual growth rate (CAGR) in the Asia-Pacific wearable security device market to 2023–2032. A significant portion of the Chinese population experienced chronic illnesses in 2020. Furthermore, the wearable security device market in China commanded the biggest market share, while the market in India grew at the fastest rate in the Asia-Pacific area.

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About Market Research Future:

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