Wearable Security Device Market Key Drivers, Size, Share, Trends, Growth, Future

Posted by shweta raj on March 31st, 2021

Market Overview:

The higher rate of adoption of wearable security devices 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.

On the basis of product type, the market is segmented into smartwatches, smart jewelry, 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. On the basis of the operating system, the 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.

Key Players

Some of the major players in global wearable security device market include Apple, Inc (U.S.), Google LLC (U.S.), Fitbit (U.S.), Samsung Electronics (South Korea), Microsoft Corporation (U.S.), Amulyte, Inc (U.S.), Carré Technologies Inc (Canada), Epson (Japan), Garmin Ltd (Switzerland), Intel Corporation (U.S.), LG Electronics (South Korea) among others.

Other vendors include Fin Robotics, Inc (U.S.), FINIS, Inc. (U.S.), Fujitsu Ltd (Japan), Oath Tech Network Aol Tech (U.S.), Geo Group Inc (U.S.), GeoPalz, LLC (U.S.), Laster Technologies (France), Sony Corporation (Japan), Vuzix (U.S.), Qualcomm Connected Experiences, Inc (U.S.),  among others.

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