Personal Safety Tracking Devices Market to Record a CAGR of 9.47%, APAC to be Largest Contributor to Market Growth - Technavio

• Companies: 10+ – Including Amber Alert GPS Inc., Angel Sense Ltd., BrickHouse Security, Concox Information Technology Co. Ltd., Globalstar Inc., Le Vise Products LLC, Location Based Technologies Inc., Reliance Industries Ltd., Veriot LLC, and WTS Positioning Solutions AB among others.
• Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape
• Segments: Technology (GPS and Bluetooth) and distribution channel (specialty stores, department stores, online retail, and others)
• Geographies: North America, APAC, Europe, South America, and MEA

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According to the recent market study by Technavio, the Personal Safety Tracking Devices Market size is expected to increase by USD 397.73 million from 2020 to 2025, with an accelerated CAGR of 9.47%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenarios, future market trends, market size & estimations, and major investment pockets.

Vendor Insights-

The personal safety tracking devices market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. The key developments of some of the vendors are mentioned below:

• Concox Information Technology Co. Ltd. - In March 2021, Jimi IoT announced the third device launched in Q1, the 4G LTE Vehicle Tracker JM-VL03, which provides risk prevention and control, real-time status monitoring, dynamic car positioning options.
• Globalstar Inc. - In February 2021, the company announced a strategic alliance with XCOM Labs.
• Reliance Industries Ltd. - In March 2021, Reliance Jio Infocomm Ltd. announced that it had successfully acquired the right to use spectrum in all 22 circles across India in the spectrum auctions conducted by the Department of Telecommunications, Government of India.

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Regional Market Outlook

The personal safety tracking devices market share growth in APAC will be significant during the forecast period. China and Japan are the key markets in the region. Moreover, market growth in APAC will be faster than the growth of the market in other regions. Many government organizations in APAC are providing insurance schemes for people with disabilities to purchase equipment for their safety. Such factors are driving the growth of the market.

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Latest Drivers, Trends, and Challenges in the Market-

• Personal Safety Tracking Devices Market Driver
• Growth in urbanization:

The growth in urbanization has led to a rise in the number of dual-income households. Hence, investments in technologically advanced devices, such as personal safety tracking devices, have increased. These devices help parents track the location of their children.

• Personal Safety Tracking Devices Market Trend
• Growing popularity of two-way voice communication-based personal safety tracking devices:

Personal safety tracking devices with two-way voice communication provide several benefits, such as additional emergency panic buttons. This will encourage more vendors to develop similar models, which will attract more end-users. 

• Personal Safety Tracking Devices Market Challenge
• Increasing availability of substitutes

Individuals can share their real-time locations with others through smart devices such as smartwatches and shoes. In addition, these products provide additional benefits. For instance, a small GPS tracker can be inserted in smart shoes to allow parents to find their child's location at any time.

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Table of Contents

1 Executive Summary

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 01: Parent market
• Exhibit 02: Market characteristics

• 2.2 Value chain analysis
• Exhibit 03: Value chain analysis: Personal products market

3 Market Sizing

• 3.1 Market definition
• Exhibit 04: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 05: Market segments

• 3.3 Market size 2020

• 3.4 Market outlook: Forecast for 2020 - 2025
• Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
• Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 08: Five forces analysis 2020 & 2025

• 4.2 Bargaining power of buyers
• Exhibit 09: Bargaining power of buyers

• 4.3 Bargaining power of suppliers
• Exhibit 10: Bargaining power of suppliers

• 4.4 Threat of new entrants
• Exhibit 11: Threat of new entrants

• 4.5 Threat of substitutes
• Exhibit 12: Threat of substitutes

• 4.6 Threat of rivalry
• Exhibit 13: Threat of rivalry

• 4.7 Market condition
• Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Technology

• 5.1 Market segments
• Exhibit 15: Technology - Market share 2020-2025 (%)

• 5.2 Comparison by Technology
• Exhibit 16: Comparison by Technology

• 5.3 GPS - Market size and forecast 2020-2025
• Exhibit 17: GPS - Market size and forecast 2020-2025 ($ million)
• Exhibit 18: GPS - Year-over-year growth 2020-2025 (%)

• 5.4 Bluetooth - Market size and forecast 2020-2025
• Exhibit 19: Bluetooth - Market size and forecast 2020-2025 ($ million)
• Exhibit 20: Bluetooth - Year-over-year growth 2020-2025 (%)

• 5.5 Market opportunity by Technology
• Exhibit 21: Market opportunity by Technology

6 Market Segmentation by Distribution channel

• 6.1 Market segments
• Exhibit 22: Distribution channel - Market share 2020-2025 (%)

• 6.2 Comparison by Distribution channel
• Exhibit 23: Comparison by Distribution channel

• 6.3 Specialty stores - Market size and forecast 2020-2025
• Exhibit 24: Specialty stores - Market size and forecast 2020-2025 ($ million)
• Exhibit 25: Specialty stores - Year-over-year growth 2020-2025 (%)

• 6.4 Department stores - Market size and forecast 2020-2025
• Exhibit 26: Department stores - Market size and forecast 2020-2025 ($ million)
• Exhibit 27: Department stores - Year-over-year growth 2020-2025 (%)

• 6.5 Online retail - Market size and forecast 2020-2025
• Exhibit 28: Online retail - Market size and forecast 2020-2025 ($ million)
• Exhibit 29: Online retail - Year-over-year growth 2020-2025 (%)

• 6.6 Others - Market size and forecast 2020-2025
• Exhibit 30: Others - Market size and forecast 2020-2025 ($ million)
• Exhibit 31: Others - Year-over-year growth 2020-2025 (%)

• 6.7 Market opportunity by Distribution channel
• Exhibit 32: Market opportunity by Distribution channel

7 Customer landscape

8 Geographic Landscape

• 8.1 Geographic segmentation
• Exhibit 34: Market share by geography 2020-2025 (%)

• 8.2 Geographic comparison
• Exhibit 35: Geographic comparison

• 8.3 North America - Market size and forecast 2020-2025
• Exhibit 36: North America - Market size and forecast 2020-2025 ($ million)
• Exhibit 37: North America - Year-over-year growth 2020-2025 (%)

• 8.4 APAC - Market size and forecast 2020-2025
• Exhibit 38: APAC - Market size and forecast 2020-2025 ($ million)
• Exhibit 39: APAC - Year-over-year growth 2020-2025 (%)

• 8.5 Europe - Market size and forecast 2020-2025
• Exhibit 40: Europe - Market size and forecast 2020-2025 ($ million)
• Exhibit 41: Europe - Year-over-year growth 2020-2025 (%)

• 8.6 South America - Market size and forecast 2020-2025
• Exhibit 42: South America - Market size and forecast 2020-2025 ($ million)
• Exhibit 43: South America - Year-over-year growth 2020-2025 (%)

• 8.7 MEA - Market size and forecast 2020-2025
• Exhibit 44: MEA - Market size and forecast 2020-2025 ($ million)
• Exhibit 45: MEA - Year-over-year growth 2020-2025 (%)

• 8.8 Key leading countries
• Exhibit 46: Key leading countries

• 8.9 Market opportunity by geography
• Exhibit 47: Market opportunity by geography

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Market trends

10 Vendor Landscape

• 10.1 Competitive scenario

• 10.2 Vendor landscape
• Exhibit 49: Vendor landscape

• 10.3 Landscape disruption
• Exhibit 50: Landscape disruption

• 10.4 Industry risks
• Exhibit 51: Industry risks

11 Vendor Analysis

• 11.1 Vendors covered
• Exhibit 52: Vendors covered

• 11.2 Market positioning of vendors
• Exhibit 53: Market positioning of vendors

• 11.3 Amber Alert GPS Inc.
• Exhibit 54: Amber Alert GPS Inc. - Overview
• Exhibit 55: Amber Alert GPS Inc. - Product and service
• Exhibit 56: Amber Alert GPS Inc. - Key offerings

• 11.4 Angel Sense Ltd.
• Exhibit 57: Angel Sense Ltd. - Overview
• Exhibit 58: Angel Sense Ltd. - Product and service
• Exhibit 59: Angel Sense Ltd. - Key offerings

• 11.5 BrickHouse Security
• Exhibit 60: BrickHouse Security - Overview
• Exhibit 61: BrickHouse Security - Product and service
• Exhibit 62: BrickHouse Security - Key offerings

• 11.6 Concox Information Technology Co. Ltd.
• Exhibit 63: Concox Information Technology Co. Ltd. - Overview
• Exhibit 64: Concox Information Technology Co. Ltd. - Product and service
• Exhibit 65: Concox Information Technology Co. Ltd. – Key news
• Exhibit 66: Concox Information Technology Co. Ltd. - Key offerings

• 11.7 Globalstar Inc.
• Exhibit 67: Globalstar Inc. - Overview
• Exhibit 68: Globalstar Inc. - Business segments
• Exhibit 69: Globalstar Inc. – Key news
• Exhibit 70: Globalstar Inc. - Key offerings
• Exhibit 71: Globalstar Inc. - Segment focus

• 11.8 Le Vise Products LLC
• Exhibit 72: Le Vise Products LLC - Overview
• Exhibit 73: Le Vise Products LLC - Product and service
• Exhibit 74: Le Vise Products LLC - Key offerings

• 11.9 Location Based Technologies Inc.
• Exhibit 75: Location Based Technologies Inc. - Overview
• Exhibit 76: Location Based Technologies Inc. - Product and service
• Exhibit 77: Location Based Technologies Inc. - Key offerings

• 11.10 Reliance Industries Ltd.
• Exhibit 78: Reliance Industries Ltd. - Overview
• Exhibit 79: Reliance Industries Ltd. - Business segments
• Exhibit 80: Reliance Industries Ltd. – Key news
• Exhibit 81: Reliance Industries Ltd. - Key offerings
• Exhibit 82: Reliance Industries Ltd. - Segment focus

• 11.11 Veriot LLC
• Exhibit 83: Veriot LLC - Overview
• Exhibit 84: Veriot LLC - Product and service
• Exhibit 85: Veriot LLC - Key offerings

• 11.12 WTS Positioning Solutions AB
• Exhibit 86: WTS Positioning Solutions AB - Overview
• Exhibit 87: WTS Positioning Solutions AB - Product and service
• Exhibit 88: WTS Positioning Solutions AB - Key news
• Exhibit 89: WTS Positioning Solutions AB - Key offerings

12 Appendix

• 12.1 Scope of the report

• 12.2 Currency conversion rates for US$
• Exhibit 90: Currency conversion rates for US$

• 12.3 Research methodology
• Exhibit 91: Research Methodology
• Exhibit 92: Validation techniques employed for market sizing
• Exhibit 93: Information sources

• 12.4 List of abbreviations
• Exhibit 94: List of abbreviations

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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SOURCE Technavio