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Personal Safety Tracking Devices Market by Technology, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 134
  • SKU: IRTNTR40794
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The personal safety tracking devices market share is expected to increase by USD 397.73 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 9.47%.

This personal safety tracking devices market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers personal safety tracking devices market segmentation by technology (GPS and bluetooth), distribution channel (specialty stores, department stores, online retail, and others), and geography (North America, APAC, Europe, South America, and MEA). The personal safety tracking devices market report also offers information on several market vendors, 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.

What will the Personal Safety Tracking Devices Market Size be During the Forecast Period?

Personal Safety Tracking Devices Market Size

Download the Free Report Sample to Unlock the Personal Safety Tracking Devices Market Size for the Forecast Period and Other Important Statistics

 

Personal Safety Tracking Devices Market: Key Drivers, Trends, and Challenges

The increasing product launches are notably driving the personal safety tracking devices market growth, although factors such as the increasing availability of substitutes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the personal safety tracking devices industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Personal Safety Tracking Devices Market Driver

The growth in urbanization has led to an increase in the number of dual-income households in urban areas. This has led to a rise in investment in technologically advanced devices, such as personal safety tracking devices, to ensure the safety of children. These devices help parents to track the location of their children. The rising popularity of personal safety tracking devices and the increasing number of dual-income households with kids will significantly influence the personal safety tracking devices market growth during the forecast period.

Personal Safety Tracking Devices Market Key Trend

The growing popularity of two-way voice communication-based personal safety tracking devices is another major factor supporting the personal safety tracking devices market share growth. Personal safety tracking devices enable end-users to get help no matter where they are. In the event of an emergency, end-users may not have sufficient time to use their smartphones to get help. Personal safety tracking devices with two-way voice communication are one such device that provides added benefits to end-users. Most of these devices have additional emergency panic buttons to help the wearer to raise an alert instantly in case of an emergency. The benefits offered by personal safety tracking devices with two-way communication can encourage more vendors to develop similar models, which will attract more end-users to buy them, thereby leading to the accelerated growth momentum of the market in focus during the forecast period.

Personal Safety Tracking Devices Market Key Challenge

The increasing availability of substitutes will be a major challenge for the personal safety tracking devices market. There are certain other smart devices, such as smartwatches and shoes, available in the market. Through these products, individuals can share their real-time locations with parents, friends, and others. These products also provide additional benefits to users, along with location tracking. For instance, a small GPS tracker inserted in smart shoes allows parents can to find their child's/children's location at any time. The availability of such multifunctional shoes can affect the sales of personal safety tracking devices during the forecast period.

This personal safety tracking devices market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global personal safety tracking devices market as a part of the global personal products market within the global household and personal products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the personal safety tracking devices market during the forecast period.

Who are the Major Personal Safety Tracking Devices Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, 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
  • WTS Positioning Solutions AB

 

This statistical study of the personal safety tracking devices market encompasses successful business strategies deployed by the key vendors. The personal safety tracking devices market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Globalstar Inc. - In February 2021, the company announced a strategic alliance with XCOM   Labs. These companies will jointly seek to commercialize XCOM's capacity-multiplying technology with Globalstar's Band n53 for dense 5G deployments in the US and in other countries 
  • Reliance Industries Ltd. - In March 2021, Reliance Jio Infocomm Ltd. announces that it has successfully acquired the right to use spectrum in all 22 circles across India in the recently concluded spectrum auctions conducted by the Department of Telecommunications, Government of India
  • 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, and dynamic car positioning.

To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The personal safety tracking devices market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Personal Safety Tracking Devices Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the personal safety tracking devices market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Personal Safety Tracking Devices Market?

Personal Safety Tracking Devices Market Market segmentation by region

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36% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for personal safety tracking devices in APAC. Market growth in this region will be faster than the growth of the market in other regions.

In APAC, many government organizations are providing insurance schemes for people with disabilities to purchase equipment for their safety. Such government support helps patients suffering from dementia in Australia to buy personal safety tracking devices at a lower cost. This will facilitate the personal safety tracking devices market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The spread of COVID-19 hampered the steady growth of the regional market in 2020. The pandemic affected the workforce, raw material supply, sales of intermediate products, and trade and logistics, leading to demand-supply volatility and uncertain consumer demand in the regional personal safety tracking devices market in 2020. The markets in APAC, especially China and India, were severely affected as several production facilities were closed to curb the impact of COVID-19. However, with the introduction of several vaccines in 2021, the regional market is likely to witness a strong economic recovery during the forecast period.

What are the Revenue-generating Technology Segments in the Personal Safety Tracking Devices Market?

Personal Safety Tracking Devices Market Segmentation

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The personal safety tracking devices market share growth by the GPS segment will be significant during the forecast period. One of the factors that are responsible for the growing popularity of GPS personal tracking devices is their unlimited range and their ability to track the location of the wearer of the device anywhere on the globe, wherever GPS signals are available. The availability of GPS personal tracking devices with innovative features provides end-users with quick and accurate tracking and encourages more people to buy them, thereby leading to the accelerated growth momentum of the market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the personal safety tracking devices market size and actionable market insights on post COVID-19 impact on each segment.

 

Personal Safety Tracking Devices Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9.47%

Market growth 2021-2025

$ 397.73 million

Market structure

Fragmented

YoY growth (%)

3.93

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

APAC at 36%

Key consumer countries

US, China, Germany, Japan, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Personal Safety Tracking Devices Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive personal safety tracking devices market growth during the next five years
  • Precise estimation of the personal safety tracking devices market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the personal safety tracking devices industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of personal safety tracking devices market vendors

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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

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Personal Safety Tracking Devices Market market growth will increase by $397.73 mn during 2021-2025.
              The personal safety tracking devices market market is expected to grow at a CAGR of 9.47% during 2021-2025.
              Technavio has segmented the personal safety tracking devices market market by technology (GPS and Bluetooth) ,distribution channel (Specialty stores, Department stores, Online retail, and Others) , and geography (North America, APAC, Europe, South America, and MEA).
              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, WTS Positioning Solutions AB are a few of the key vendors in the personal safety tracking devices market market.
              APAC will register the highest growth rate of 36% among the other regions. Therefore, the personal safety tracking devices market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the personal safety tracking devices market market growth are:
              • increasing number of dual-income households with kids
              • growing popularity of two-way voice communication-based personal safety tracking devices
              The personal safety tracking devices market market vendors should focus on grabbing business opportunities from the gps segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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