Personal safety tracking devices market size to grow by USD 0.65034 billion between 2022 and 2027; Growing popularity of two-way voice communication-based personal safety tracking devices to emerge as key trend - Technavio

NEW YORK, Feb. 28, 2023 /PRNewswire/ -- The global personal safety tracking devices market size is projected to grow by USD 650.34 million between 2022 and 2027 as per Technavio. The growth momentum is expected to accelerate at a CAGR of 9.56% during the forecast period. The growing popularity of two-way communication-based personal safety tracking devices is identified as the key trend in the market. The report provides a detailed analysis of the drivers and challenges impacting the size of the market. Get a holistic view of the market size, historic & forecast, 2017 to 2021, 2023 to 2027, USD Billion - Download a Sample Report

Market Dynamics:

• Trend – The growing popularity of two-way communication-based personal safety tracking devices is identified as the key trend in the market. Two-was communication-based personal tracking devices provide several benefits to end-users. These devices have additional emergency buttons to help users raise an alert in case of an emergency. They help families or a person to identify the location of an individual who is prone to wandering outside the house. Also, two-way communication personal safety tracking devices can be pre-programmed with multiple phone numbers to send emergency alerts immediately during emergencies. Such benefits are attracting more end-users to adopt two-way communication personal safety tracking devices, which is supporting the market growth.
• Driver – The market is driven by the increasing number of new product launches. Vendors in the market are expanding their product portfolios by launching new variants of personal safety tracking devices. For instance, in July 2022, 3Dtracking announced the launch of a new personal tracking solution which is intended to allow telematics service provider partners to offer additional value-added services. Similarly, in 2021, Skypatrol LLC. launched a new personal safety tracking device named SP8824, Tracker + Safe and Found, in partnership with Verizon network in the US. Many such new product offerings by vendors have been crucial in driving the growth of the market.
• Challenge – The increasing availability of substitutes is a major challenge hindering the growth of the market. Products such as smartwatches and smart shoes can be used by individuals to share their real-time locations with parents, friends, and others. They provide added benefits in addition to tracking. For instance, the GPS tracker inserted in smart shoes allows parents to find their child's location at any time. Some smartwatches have an SOS button that children can use to alert their parents in case of any trouble. The availability of such smart alternatives is reducing the growth potential of the market in focus.

Discover additional factors impacting the market, historic period (2017 to 2021) & forecast period (2023 to 2027) Download a Sample Report

What`s New for 2023?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial

Personal Safety Tracking Devices Market Technology Outlook (Revenue, USD Million, 2022-2027)

• GPS - size and forecast 2022-2027
• Bluetooth - size and forecast 2022-2027

Personal Safety Tracking Devices Market Distribution Channel Outlook (Revenue, USD Million, 2022-2027)

• Offline - size and forecast 2022-2027
• Online - size and forecast 2022-2027

Personal Safety Tracking Devices Market Geography Outlook (Revenue, USD Million, 2022-2027)

• North America - size and forecast 2022-2027
• APAC - size and forecast 2022-2027
• Europe - size and forecast 2022-2027
• South America - size and forecast 2022-2027
• Middle East and Africa - size and forecast 2022-2027

Based on the technology, the market will observe significant growth in the GPS segment during the forecast period. GPS signals provide unlimited range and can precisely track the location of the wearer of the device anywhere on the globe, wherever GPS signals are available. This is one of the key factors driving the growth of the segment. In addition, the increased availability of GPS personal tracking devices with innovative features is supporting the growth of the segment.

Some of the key Personal Safety Tracking Devices Players:

• 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.
• Trakbond
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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global personal safety tracking devices market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global personal safety tracking devices market 2017 - 2021 ($ million)

• 4.2 Technology Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Technology Segment 2017 - 2021 ($ million)

• 4.3 Distribution channel Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Technology

• 6.1 Market segments 
• Exhibit 30: Chart on Technology - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Technology - Market share 2022-2027 (%)

• 6.2 Comparison by Technology 
• Exhibit 32: Chart on Comparison by Technology
• Exhibit 33: Data Table on Comparison by Technology

• 6.3 GPS - Market size and forecast 2022-2027 
• Exhibit 34: Chart on GPS - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on GPS - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on GPS - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on GPS - Year-over-year growth 2022-2027 (%)

• 6.4 Bluetooth - Market size and forecast 2022-2027
• Exhibit 38: Chart on Bluetooth - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Bluetooth - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Bluetooth - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Bluetooth - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Technology 
• Exhibit 42: Market opportunity by Technology ($ million)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 43: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 45: Chart on Comparison by Distribution Channel
• Exhibit 46: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2022-2027
• Exhibit 47: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027
• Exhibit 51: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel
• Exhibit 55: Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027
• Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027
• Exhibit 97: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 Amber Alert GPS Inc. 
• Exhibit 108: Amber Alert GPS Inc. - Overview
• Exhibit 109: Amber Alert GPS Inc. - Product / Service
• Exhibit 110: Amber Alert GPS Inc. - Key offerings

• 12.4 Angel Sense Ltd. 
• Exhibit 111: Angel Sense Ltd. - Overview
• Exhibit 112: Angel Sense Ltd. - Product / Service
• Exhibit 113: Angel Sense Ltd. - Key offerings

• 12.5 BrickHouse Security 
• Exhibit 114: BrickHouse Security - Overview
• Exhibit 115: BrickHouse Security - Product / Service
• Exhibit 116: BrickHouse Security - Key offerings

• 12.6 Globalstar Inc. 
• Exhibit 117: Globalstar Inc. - Overview
• Exhibit 118: Globalstar Inc. - Business segments
• Exhibit 119: Globalstar Inc. - Key news
• Exhibit 120: Globalstar Inc. - Key offerings
• Exhibit 121: Globalstar Inc. - Segment focus

• 12.7 GTX Corp. 
• Exhibit 122: GTX Corp. - Overview
• Exhibit 123: GTX Corp. - Product / Service
• Exhibit 124: GTX Corp. - Key offerings

• 12.8 Hareau SAS 
• Exhibit 125: Hareau SAS - Overview
• Exhibit 126: Hareau SAS - Product / Service
• Exhibit 127: Hareau SAS - Key offerings

• 12.9 KJB Security Products Inc. 
• Exhibit 128: KJB Security Products Inc. - Overview
• Exhibit 129: KJB Security Products Inc. - Product / Service
• Exhibit 130: KJB Security Products Inc. - Key offerings

• 12.10 Letstrack Tech Pvt. Ltd. 
• Exhibit 131: Letstrack Tech Pvt. Ltd. - Overview
• Exhibit 132: Letstrack Tech Pvt. Ltd. - Product / Service
• Exhibit 133: Letstrack Tech Pvt. Ltd. - Key offerings

• 12.11 Location Based Technologies Inc. 
• Exhibit 134: Location Based Technologies Inc. - Overview
• Exhibit 135: Location Based Technologies Inc. - Product / Service
• Exhibit 136: Location Based Technologies Inc. - Key offerings

• 12.12 RACELOGIC Ltd. 
• Exhibit 137: RACELOGIC Ltd. - Overview
• Exhibit 138: RACELOGIC Ltd. - Product / Service
• Exhibit 139: RACELOGIC Ltd. - Key offerings

• 12.13 Shenzhen Concox Information Technology Co. Ltd.
• Exhibit 140: Shenzhen Concox Information Technology Co. Ltd. - Overview
• Exhibit 141: Shenzhen Concox Information Technology Co. Ltd. - Product / Service
• Exhibit 142: Shenzhen Concox Information Technology Co. Ltd. - Key offerings

• 12.14 Spytec GPS Inc. 
• Exhibit 143: Spytec GPS Inc. - Overview
• Exhibit 144: Spytec GPS Inc. - Product / Service
• Exhibit 145: Spytec GPS Inc. - Key offerings

• 12.15 T Mobile US Inc. 
• Exhibit 146: T Mobile US Inc. - Overview
• Exhibit 147: T Mobile US Inc. - Product / Service
• Exhibit 148: T Mobile US Inc. - Key offerings

• 12.16 Trackimo Inc. 
• Exhibit 149: Trackimo Inc. - Overview
• Exhibit 150: Trackimo Inc. - Product / Service
• Exhibit 151: Trackimo Inc. - Key offerings

• 12.17 Trakbond 
• Exhibit 152: Trakbond - Overview
• Exhibit 153: Trakbond - Product / Service
• Exhibit 154: Trakbond - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 155: Inclusions checklist
• Exhibit 156: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 157: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 158: Research methodology
• Exhibit 159: Validation techniques employed for market sizing
• Exhibit 160: Information sources

• 13.5 List of abbreviations 
• Exhibit 161: List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. 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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SOURCE Technavio