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Smart Tracker Market by Technology, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR43206
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The smart tracker market share is expected to increase by USD 372.03 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8.22%.

This smart tracker 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 market segmentation by technology (Bluetooth, cellular technology, and GPS), application (consumer products, pets, and luggage), and geography (North America, Europe, APAC, South America, and MEA). The smart tracker market report also offers information on several market vendors, including Chipolo doo, Innova Technology LLC, Kaltio Technologies Oy, LugLoc, Mars Inc., PB Inc., Qorvo Inc., Samsung Electronics Co. Ltd., Tile Inc., and TrackR Inc. among others.

What will the Smart Tracker Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Smart Tracker Market Size for the Forecast Period and Other Important Statistics

 

Smart Tracker Market: Key Drivers and Trends

The rising pet population is notably driving the smart tracker market growth, although factors such as poor battery backup and limited functionality may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smart tracker industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Smart Tracker Market Driver

The rise in the pet population is one of the primary smart tracker market drivers. With the increasing adoption of pets, the pet population is on the rise. In American households, pet adoption is growing, and roughly two-thirds of American households have at least one pet. China is also experiencing significant growth in the pet population, as is evident from the fact that Beijing currently has more than 1 million registered pet dogs. Emerging economies such as Brazil and India are also experiencing a significant increase in their pet population. The growth of the pet population across the world, coupled with their growing adoption, will influence the manufacturers to focus on their portfolio and develop pet-specific trackers, driving the market growth.

Key Smart Tracker Market Trend

The integration of luggage with trackers, one of the critical smart tracker market trends, will drive market growth during the forecast period. Bluesmart is one of the latest innovations in the line of smart trackers. This suitcase works on IoT technology and does not require a separate tracker. Moreover, the suitcase is smartphone app-enabled and hence can be locked, unlocked, and weighed apart from tracking its location in real-time. The suitcase also has a built-in battery, which can charge smartphones, laptops, and other devices. This application also provides reminders to the user about when and what to pack. Such integration of smart trackers in luggage will fuel the growth of the smart tracker market size.

This smart tracker 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.

Who are the Major Smart Tracker Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Chipolo doo
  • Innova Technology LLC
  • Kaltio Technologies Oy
  • LugLoc
  • Mars Inc.
  • PB Inc.
  • Qorvo Inc.
  • Samsung Electronics Co. Ltd.
  • Tile Inc.
  • TrackR Inc.

 

This statistical study of the smart tracker market encompasses successful business strategies deployed by the key vendors. The smart tracker market is fragmented and the vendors are deploying growth strategies such as increasing investments in R&D to compete in the market.

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 smart tracker 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. 

Which are the Key Regions for Smart Tracker Market?

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36% of the market’s growth will originate from North America during the forecast period. The US is a key market for smart trackers in North America. However, the market growth rate in North America will be slower than the growth of the market in other regions.

The increasing pet industry expenditure will facilitate the smart tracker market growth in North America 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.

What are the Revenue-generating Technology Segments in the Smart Tracker Market?

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The smart tracker market share growth by the Bluetooth segment will be significant during the forecast period. Bluetooth is the most popular technology used by smart trackers. This is largely due to the use of these devices to find lost or missing items within a range or area. This segment will retain the major market share throughout the forecast period due to the large variety of items it can be used to track, including trackers for pets and luggage.

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

 

Smart Tracker Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8.22%

Market growth 2021-2025

$ 372.03 million

Market structure

Fragmented

YoY growth (%)

7.76

Regional analysis

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

Performing market contribution

North America at 36%

Key consumer countries

US, Germany, Japan, China, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Chipolo doo, Innova Technology LLC, Kaltio Technologies Oy, LugLoc, Mars Inc., PB Inc., Qorvo Inc., Samsung Electronics Co. Ltd., Tile Inc., and TrackR Inc.

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 Smart Tracker Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive smart tracker market growth during the next five years
  • Precise estimation of the smart tracker market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart tracker industry across North America, Europe, APAC, 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 smart tracker market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis

    Market segments

    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Consumer products - Market size and forecast 2020-2025
    • Pets - Market size and forecast 2020-2025
    • Luggage - Market size and forecast 2020-2025
    • Market opportunity by Application

    Market Segmentation by Technology

    • Market segments
    • Comparison by Technology
    • Bluetooth - Market size and forecast 2020-2025
    • Cellular technology - Market size and forecast 2020-2025
    • GPS - Market size and forecast 2020-2025
    • Market opportunity by Technology

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Chipolo doo
      • Innova Technology LLC
      • Kaltio Technologies Oy
      • LugLoc
      • Mars Inc.
      • PB Inc.
      • Qorvo Inc.
      • Samsung Electronics Co. Ltd.
      • Tile Inc.
      • TrackR Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • 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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      The smart tracker market growth will increase by $467.53 million during 2019-2024.
      The smart tracker market is expected to grow at a CAGR of 9.30% during 2019-2024.
      Technavio has segmented the smart tracker market by technology (Bluetooth, Cellular technology, and GPS) ,distribution channel (Offline and Online) , and geographic (North America, Europe, APAC, and South America).
      Chipolo d.o.o., Innova Technology PTE Ltd., Kaltio Technologies Oy, LugLoc, Mars Inc., PB Inc. dba Pebblebee, Samsung Electronics Co. Ltd., Smart Tracking Technologies LLC, Tile Inc., TrackR Inc. are a few of the key vendors in the smart tracker market.
      North America will register the highest growth rate of 42.03% among the other regions. Therefore, the smart tracker market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the smart tracker market growth are:
      • Low price will drive adoption
      • Rugged smart tracker
      The smart tracker market vendors should focus on grabbing business opportunities from the bluetooth segment as it accounted for the largest market share in the base year.
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