Wearable Security Device Market Report Share, Trends, Growth and Forecast 2027
Wearable Security Device Market Overview:
The higher rate of adoption of Wearable Security Devices
Market in military, tracking and
emergency services are increasing rapidly which is helping the market to grow
significantly. Most of the smart wearable devices are easily connected with the
help of Bluetooth, wi-fi or RFID, providing uninterrupted short distance
connectivity with either central device or centrally located device.
Based on product type, the market is segmented into
smartwatches, smart jewellery, smart shoes, smartphones, smart clothes, and
eyewear. At present, the market is highly occupied by smartwatches and
smartphones. There is a huge development going on in smart shoes and smart clothes
showing a huge demand in upcoming future.
On the basis of connectivity, the market is
segmented into, Wi-Fi, Bluetooth, RFID, and others. Among these, the market is
highly occupied by Bluetooth and Wi-Fi connectivity. Based on the Wearable
Security Device Market is segmented into iOS, Android, and others. Although the
presence of Android devices outnumbers iOS devices. On the basis of the
operating system, the market is occupied by the Android operating system and
will continue to grow during the forecast period.
On the basis of application, the market is
segmented into military applications, emergency service applications, tracking
applications, biometric recognition, and others. Among these, the military
application is a highly dominating segment. Many countries have started to
adopt security chips in clothing and shoes for military applications, child
tracking, and emergency services, which are designed so as the fabric of cloth
or material used in the shoes does not interfere with comfort.
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Major Key Players:
The report issued by MRFR includes a profiling of
many prominent players including Apple, Inc (U.S.), Google LLC (U.S.), Fitbit
(U.S.), Samsung Electronics (SSNLF), Carré Technologies Inc (Canada), Microsoft
Corporation (U.S.), Garmin Ltd (Switzerland), Amulyte, Inc (U.S.), Epson
(Japan), Intel Corporation (U.S.), and LG Electronics (South Korea).
Other players present in the market include Fin
Robotics, Inc (U.S.), FINIS, Inc. (U.S.), Fujitsu Ltd (Japan), Oath Tech
Network Aol Tech (U.S.), Laster Technologies (France), Geo, Group Inc (U.S.),
GeoPalz LLC (U.S.), Sony Corporation (Japan), Vuzix (U.S.), and Qualcomm
Connected Experiences, Inc (U.S.).
Market Segmentation:
The MRFR report has been based on various segments
to conduct a detailed and accurate analysis. Segmentation of the market has
been performed on the basis of product type, connectivity, operating system,
and application. The wearable security devices market has been segmented into
smartwatches, smart jewelry, smart shoes, smart clothes, eyewear, and
smartphones on the basis of product type. Significant development is observed
in the segments of smart shoes and smart clothing, creating potential
opportunities for market growth in the near future.
Based on connectivity, the wearable security device
market is segmented into Wi-Fi, Bluetooth, and RFID. The Bluetooth and Wi-Fi
connectivity segments dominate the wearable security device market. By
operating system, the wearable security device market has been segmented into
iOS and Android. The segment of android operating system is currently holding a
significant share of the wearable security devices market and is likely to grow
exponentially during the forecast period.
Based upon application, the market is segmented
into emergency service applications, tracking applications, military
applications, and biometric recognition.
Detailed Regional Analysis:
The global wearable security devices market is
estimated to reach a market value of USD 6 billion by the end of 2023.
Region-specific segments of the wearable security devices market include North
America, Asia Pacific (including Australia), Europe (including Russia), and the
Rest of the World (RoW) (including the Middle East & Africa and Latin America).
North America is currently observed to lead the
wearable security devices market owing to increased adoption of robotics and
the smart device technology. Also, the presence of many prominent players in
the region is bound to encourage significant growth in the wearable security
devices market. The United States is likely to govern the country-specific
market for wearable security devices in North America, due to many startups
entering partnerships and collaborations with industry giants such as Apple,
Fitbit, and Garmin.
The Asia Pacific is anticipated to record fastest
growth rate, owing to a rise in the adoption of smartphones and an increase in
the use of smartphone applications in the region. Europe is expected to grasp
the second largest share of the wearable security devices market owing to the
presence of technologically advanced infrastructure in the region.
Industry Update:
March 2019: Department of Homeland Security Science
& Technology (DHS S&T), (U.S.) is designing wearable security devices
that are compatible with the FirstNet’s IT infrastructure and interoperable
between different agencies.
Table of Contents
1
Executive Summary
2 Scope
of the Report
2.1 Market
Definition
2.2 Scope of
the Study
2.2.1 Research Objectives
2.2.2 Assumptions &
Limitations
2.3 Markets
Structure
3 Market
Research Methodology
3.1 Research
Process
3.2 Secondary
Research
3.3 Primary
Research
3.4 Forecast
Model
Continued…
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List of Tables
Table1 World Population by Major Regions (2017 To
2030)
Table2 Global Wearable Security Devices Market: By
Region, 2017-2023
Table3 North America Wearable Security Devices
Market: By Country, 2017-2023
Continued…
List of Figures
Figure 1 Global Wearable Security Devices Market
Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of Global
Wearable Security Devices Market
Continued…
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