Global Personal Safety Tracking Devices Market 2024-2028

Global Personal Safety Tracking Devices Market 2024-2028

The personal safety tracking devices market is forecasted to grow by USD 846.4 mn during 2023-2028, accelerating at a CAGR of 11.06% during the forecast period. The report on the personal safety tracking devices market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing product launches, growing need for personal safety, and increasing number of dual-income households with children.

Technavio's personal safety tracking devices market is segmented as below:

By Technology

• GPS
• Bluetooth

By Distribution Channel

• Offline
• Online

By Geography

• North America
• APAC
• Europe
• South America
• Middle East and Africa

This study identifies the growing popularity of two-way voice communication-based personal safety tracking devices as one of the prime reasons driving the personal safety tracking devices market growth during the next few years. Also, increase in government initiatives to ensure personal safety of citizens and rising demand for personal safety tracking devices with innovative features will lead to sizable demand in the market.

The report on the personal safety tracking devices market covers the following areas:

• Personal safety tracking devices market sizing
• Personal safety tracking devices market forecast
• Personal safety tracking devices market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading personal safety tracking devices market vendors that include AllsWell LLC, Amber Alert GPS Inc., Angel Sense Ltd., BrickHouse Security, Cosmo Technologies Inc., Globalstar Inc., GTX Corp., Hareau SAS, KJB Security Products Inc., Letstrack Tech Pvt. Ltd., Location Based Technologies Inc., Racelogic, Shenzhen Concox Information Technology Co. Ltd., Spytec GPS Inc., T Mobile US Inc., TheSecurityDevice, Tile Inc., Trackimo Inc., and Trakbond. Also, the personal safety tracking devices market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.