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/ --

Technavio has announced its latest market research report titled Global Personal Safety Tracking Devices Market 2023-2027
Technavio has announced its latest market research report titled Global Personal Safety Tracking Devices Market 2023-2027

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

To understand more about the personal safety tracking devices market, request a sample report

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

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Global Personal Safety Tracking Devices Market 2023-2027
Global Personal Safety Tracking Devices Market 2023-2027
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