Personal safety tracking devices market to grow by 9.13% Y-O-Y from 2022 to 2023: Increasing number of new product launches will drive growth - Technavio
NEW YORK, Dec. 5, 2022 /PRNewswire/ --
Personal safety tracking devices market insights -
Vendors: 15+, Including AllsWell LLC, Amber Alert GPS Inc., Angel Sense Ltd., BrickHouse Security, Cosmo Technologies Inc., Globalstar Inc., GTX Corp., Hareau SAS, KJB Security Products Inc., Letstrack Tech Pvt. Ltd., Location Based Technologies Inc., RACELOGIC Ltd., Shenzhen Concox Information Technology Co. Ltd., Spytec GPS Inc., T Mobile US Inc., TheSecurityDevice, Tile Inc., Trackimo Inc., and Trakbond, among others
Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
Segments: Technology, distribution channel, and region
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The personal safety tracking devices market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.
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In 2017, the personal safety tracking devices market was valued at USD 675.60 million. From a regional perspective, North America held the largest market share, valued at USD 326.59 million. The personal safety tracking devices market size is estimated to grow by USD 650.34 billion from 2022 to 2027 at a CAGR of 9.56%, according to Technavio.
Personal safety tracking devices market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –
Key purchase criteria
Adoption rates
Adoption lifecycle
Drivers of price sensitivity
For highlights on customer landscape analysis, download a sample!
Personal safety tracking devices market - Vendor insights
The global personal safety tracking devices market is fragmented owing to the presence of numerous vendors. Many vendors are trying to extend their product offerings by launching new products. In addition, some government organizations are signing agreements with vendors to distribute personal safety tracking devices to end-users. Technavio report analyzes the market's competitive landscape and offers information on several market vendors, including -
Amber Alert GPS Inc. – The company offers personal safety tracking devices such as Active Halo.
Angel Sense Ltd. - The company offers personal safety tracking devices for autistic patients
BrickHouse Security – The company offers personal safety tracking devices such as Spark Nano 7 GPS tracker, Livewire Volt vehicle GPS, and TrackPort OBD vehicle tracker
Personal safety tracking devices market - Market dynamics
Major drivers:
Increasing product launches
Growing need for personal safety
Rising number of dual-income households with children
Key challenges:
The increasing availability of substitutes
Data security issues associated with personal safety tracking devices
Availability of in-built location tracking applications in devices
Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!
What are the key data covered in this personal safety tracking devices market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the personal safety tracking devices market between 2023 and 2027
Precise estimation of the size of the personal safety tracking devices market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the personal safety tracking devices market across APAC, North America, Europe, Middle East and Africa, and South America
Thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of personal safety tracking devices market vendors
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Personal Safety Tracking Devices Market Scope | |
Report Coverage | Details |
Page number | 153 |
Base year | 2022 |
Historical year | 2017-2021 |
Forecast period | 2023-2027 |
Growth momentum & CAGR | Accelerate at a CAGR of 9.56% |
Market growth 2023-2027 | USD 650.34 million |
Market structure | Fragmented |
YoY growth 2022-2023 (%) | 9.13 |
Regional analysis | APAC, North America, Europe, South America, and the Middle East and Africa |
Performing market contribution | North America at 43% |
Key countries | US, Canada, China, Germany, and UK |
Competitive landscape | Leading companies, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled | AllsWell LLC, Amber Alert GPS Inc., Angel Sense Ltd., BrickHouse Security, Cosmo Technologies Inc., Globalstar Inc., GTX Corp., Hareau SAS, KJB Security Products Inc., Letstrack Tech Pvt. Ltd., Location Based Technologies Inc., RACELOGIC Ltd., Shenzhen Concox Information Technology Co. Ltd., Spytec GPS Inc., T Mobile US Inc., TheSecurityDevice, Tile Inc., Trackimo Inc., and Trakbond |
Market dynamics | Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of Content
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
4 Historic Market Size
4.1 Global personal safety tracking devices market 2017 - 2021
4.2 Technology Segment Analysis 2017 - 2021
4.3 Distribution channel Segment Analysis 2017 - 2021
4.4 Geography Segment Analysis 2017 - 2021
4.5 Country Segment Analysis 2017 - 2021
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Technology
6.1 Market segments
6.2 Comparison by Technology
6.3 GPS - Market size and forecast 2022-2027
6.4 Bluetooth - Market size and forecast 2022-2027
6.5 Market opportunity by Technology
7 Market Segmentation by Distribution Channel
7.1 Market segments
7.2 Comparison by Distribution Channel
7.3 Offline - Market size and forecast 2022-2027
7.4 Online - Market size and forecast 2022-2027
7.5 Market opportunity by Distribution Channel
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America - Market size and forecast 2022-2027
9.4 APAC - Market size and forecast 2022-2027
9.5 Europe - Market size and forecast 2022-2027
9.6 South America - Market size and forecast 2022-2027
9.7 Middle East and Africa - Market size and forecast 2022-2027
9.8 US - Market size and forecast 2022-2027
9.9 China - Market size and forecast 2022-2027
9.10 Germany - Market size and forecast 2022-2027
9.11 UK - Market size and forecast 2022-2027
9.12 Canada - Market size and forecast 2022-2027
9.13 Market opportunity by geography
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks
12 Vendor Analysis
12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Amber Alert GPS Inc.
12.4 Angel Sense Ltd.
12.5 BrickHouse Security
12.6 Globalstar Inc.
12.7 GTX Corp.
12.8 Hareau SAS
12.9 KJB Security Products Inc.
12.10 Letstrack Tech Pvt. Ltd.
12.11 Location Based Technologies Inc.
12.12 RACELOGIC Ltd.
12.13 Shenzhen Concox Information Technology Co. Ltd.
12.14 Spytec GPS Inc.
12.15 T Mobile US Inc.
12.16 Trackimo Inc.
12.17 Trakbond
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations
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