Global Personal Safety Tracking Devices Market 2018-2022
About Personal Safety Tracking Devices
The personal safety tracking devices market through GPS technology is expected to post the fastest CAGR during the forecast period, owing to more benefits associated with it as compared with Bluetooth technology. One of the best advantages of using this technology is that it enables tracking from within a range of a kilometer to a different country. It also allows users to live stream the exact location of the user real-time. The availability of a wide range of GPS products is expected to contribute to the market growth during the forecast period.
Technavio’s analysts forecast the global personal safety tracking devices market to grow at a CAGR of 12.66% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global personal safety tracking devices market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of personal safety tracking devices.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Personal Safety Tracking Devices Market 2018-2022
Technavio recognizes the following companies as the key players in the global personal safety tracking devices market: Amber Alert GPS, AngelSense, BrickHouseSecurity, Le Vise Products, Location Based Technologies, and Trax.
Other Prominent Vendors in the market are: KJB Security, Lineable, SPOT, Spy Tec International, Trackimo, and WEENECT.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is provision of augmented reality, proximity and geo-fence features. Several vendors in the personal tracking devices market are offering augmented reality (AR) features that can be connected with smartphones. Through smartphone applications, the safety tracker can easily locate individuals and estimate the distance to be covered. Moreover, vendors are also offering proximity and geo-fence features that enable personal customization. These features enable the setting up of several multiple digital fences and alerts when the target moves beyond a digital fence to enhance the safety of individuals.”
According to the report, one of the major drivers for this market is increasing personal safety concerns. The increasing crime rates and the rise in global aging population will fuel the adoption of personal safety tracking devices. Owing to the hectic lifestyles, working parents are adopting safety devices to track their children and acquire real-time location. These trackers are equipped with a safety button that contacts parents during emergency situations. Similarly, for the elderly, the safety trackers are equipped with sensors that alert caretakers. With the rising elderly population, especially in the developed countries, the demand for these devices will increase in the coming years, fueling the market’s growth prospects.
Amber Alert GPS, AngelSense, BrickHouseSecurity, Le Vise Products, Location Based Technologies, Trax, KJB Security, Lineable, SPOT, Spy Tec International, Trackimo, and WEENECT.