Le Lézard
Classified in: Science and technology, Covid-19 virus
Subject: MRR

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


NEW YORK, Aug. 9, 2022 /PRNewswire/ -- Personal Safety Tracking Devices Market Facts at a Glance-

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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:

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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.

Learn about the contribution of each region, summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report

Latest Drivers, Trends, and Challenges in the Market-

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 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. 

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.

Technavio provides information about various drivers, trends, and challenges to help businesses make smart decisions. View our FREE sample report.

Didn't Find What You Were Looking For? Customize Report-

Don't miss out on the opportunity to speak to our analyst and find more insights about this market report. Technavio can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

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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

USD 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, and Market condition 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.

Browse Consumer Staples Market Research Reports

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Technology

6 Market Segmentation by Distribution channel

7 Customer landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

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.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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