Market Overview:
The global wearable GPS tracking devices market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for personal and pet trackers, rising awareness about safety and security, and growing adoption of location-based services. Based on type, the global wearable GPS tracking devices market can be segmented into asset trackers, AVL trackers, and personal trackers. The asset tracker segment is expected to account for the largest share of the global wearable GPS tracking devices market in 2018. This segment is projected to grow at a CAGR of 11% during the forecast period from 2018 to 2030. The AVL tracker segment is projected to grow at a CAGR of 11% during the same period owing to its growing demand in fleet management applications across various industries such as transportation & logistics and automotive.
Product Definition:
A wearable GPS tracking device is a small, portable electronic device that is typically worn on the wrist or as a pendant and that uses global positioning system (GPS) technology to track the movements of the person wearing it. The importance of wearable GPS tracking devices lies in their ability to allow people to keep track of their whereabouts and movements without having to carry around or look at another device.
Asset Tracker:
Asset Tracker is a software application that runs on smartphones and tablets. It uses GPS to locate the devices and monitors their location in real-time. The main function of Asset Tracker is to track assets for individuals or businesses, which include luggage, wallets, keys, watches & jewelry among others.
AVL Tracker:
AVL tracker is a small device that is used to track the movement of people with the help of GPS. It has an inbuilt rechargeable battery and can be attached to any person or object using Velcro straps. The device works on GSM technology, which provides location information of the tracked person/thing to his/her family members or friends via SMS and e-mail.
Application Insights:
The personal use segment dominated the global wearable GPS tracking devices market in 2017 and is expected to maintain its dominance over the forecast period. The increasing availability of smartphones has led to an increase in location-based applications, which has positively influenced the demand for wearable devices. Moreover, a growing number of fitness enthusiasts and athletes are using these products as they help them achieve their fitness goals by monitoring their daily activities such as calorie burnt, distance covered and sleep quality.
The other application segment includes banking & financial services where customers can track their money through mobile wallets or e-wallets. Furthermore, hospitals are also adopting this technology for patient safety by enabling parents to keep a tab on children's movements at hospital via smartphone app installed with geofencing feature.
Regional Analysis:
North America dominated the global wearables GPS tracking devices market in 2017. The presence of a large number of service providers and OEMs has resulted in higher penetration rates, which is further expected to drive the regional demand for these products over the forecast period. Furthermore, increasing investments by governments to improve public safety are anticipated to propel growth over the next eight years. For instance, according to an article published by MarketWatch on March 22nd 2018, ‘The U.
Asia Pacific is expected to be one of fastest growing regions owing its increasing population and rising disposable income levels especially in countries such as China.
Growth Factors:
- Increasing demand for wearable GPS tracking devices from the corporate sector for employee safety and security purposes.
- Growing popularity of fitness trackers and health monitoring devices that use GPS tracking technology.
- Proliferation of smart watches and other wearable devices that can be used to track the location of users in real-time.
- Rising demand for personal navigation systems among consumers in developing countries such as India and China .
- Development of innovative applications for wearable GPS tracking devices that can be used in a variety of industries such as automotive, logistics, healthcare, etc
Scope Of The Report
Report Attributes
Report Details
Report Title
Wearable GPS Tracking Devices Market Research Report
By Type
Asset Tracker, AVL Tracker, Personal Tracker
By Application
Personal Use, Pets, Other
By Companies
Amber Alert GPS, Sierra Wireless, Inc, Trackimo LLC, Xirgo Technologies, Laipac Technology, Verizon Wireless, Tomtom International Bv, Spark Nano, GlobalSat WorldCom Corp., LG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Wearable GPS Tracking Devices Market Report Segments:
The global Wearable GPS Tracking Devices market is segmented on the basis of:
Types
Asset Tracker, AVL Tracker, Personal Tracker
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal Use, Pets, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Amber Alert GPS
- Sierra Wireless, Inc
- Trackimo LLC
- Xirgo Technologies
- Laipac Technology
- Verizon Wireless
- Tomtom International Bv
- Spark Nano
- GlobalSat WorldCom Corp.
- LG
Highlights of The Wearable GPS Tracking Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Asset Tracker
- AVL Tracker
- Personal Tracker
- By Application:
- Personal Use
- Pets
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wearable GPS Tracking Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wearable GPS tracking devices are small, battery-powered devices that can be worn on the body to track a person's location. They can be used for a variety of purposes, including monitoring health and fitness data, locating lost items, and tracking vehicle movements.
Some of the major players in the wearable gps tracking devices market are Amber Alert GPS, Sierra Wireless, Inc, Trackimo LLC, Xirgo Technologies, Laipac Technology, Verizon Wireless, Tomtom International Bv, Spark Nano, GlobalSat WorldCom Corp., LG.
The wearable gps tracking devices market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wearable GPS Tracking Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wearable GPS Tracking Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wearable GPS Tracking Devices Market - Supply Chain
4.5. Global Wearable GPS Tracking Devices Market Forecast
4.5.1. Wearable GPS Tracking Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wearable GPS Tracking Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wearable GPS Tracking Devices Market Absolute $ Opportunity
5. Global Wearable GPS Tracking Devices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wearable GPS Tracking Devices Market Size and Volume Forecast by Type
5.3.1. Asset Tracker
5.3.2. AVL Tracker
5.3.3. Personal Tracker
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wearable GPS Tracking Devices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wearable GPS Tracking Devices Market Size and Volume Forecast by Application
6.3.1. Personal Use
6.3.2. Pets
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wearable GPS Tracking Devices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wearable GPS Tracking Devices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wearable GPS Tracking Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wearable GPS Tracking Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wearable GPS Tracking Devices Demand Share Forecast, 2019-2026
9. North America Wearable GPS Tracking Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wearable GPS Tracking Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wearable GPS Tracking Devices Market Size and Volume Forecast by Application
9.4.1. Personal Use
9.4.2. Pets
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wearable GPS Tracking Devices Market Size and Volume Forecast by Type
9.7.1. Asset Tracker
9.7.2. AVL Tracker
9.7.3. Personal Tracker
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wearable GPS Tracking Devices Demand Share Forecast, 2019-2026
10. Latin America Wearable GPS Tracking Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wearable GPS Tracking Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wearable GPS Tracking Devices Market Size and Volume Forecast by Application
10.4.1. Personal Use
10.4.2. Pets
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wearable GPS Tracking Devices Market Size and Volume Forecast by Type
10.7.1. Asset Tracker
10.7.2. AVL Tracker
10.7.3. Personal Tracker
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wearable GPS Tracking Devices Demand Share Forecast, 2019-2026
11. Europe Wearable GPS Tracking Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wearable GPS Tracking Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wearable GPS Tracking Devices Market Size and Volume Forecast by Application
11.4.1. Personal Use
11.4.2. Pets
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wearable GPS Tracking Devices Market Size and Volume Forecast by Type
11.7.1. Asset Tracker
11.7.2. AVL Tracker
11.7.3. Personal Tracker
11.8. Basis Point Share (BPS) Analsis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wearable GPS Tracking Devices Demand Share, 2019-2026
12. Asia Pacific Wearable GPS Tracking Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wearable GPS Tracking Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wearable GPS Tracking Devices Market Size and Volume Forecast by Application
12.4.1. Personal Use
12.4.2. Pets
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wearable GPS Tracking Devices Market Size and Volume Forecast by Type
12.7.1. Asset Tracker
12.7.2. AVL Tracker
12.7.3. Personal Tracker
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wearable GPS Tracking Devices Demand Share, 2019-2026
13. Middle East & Africa Wearable GPS Tracking Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wearable GPS Tracking Devices Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wearable GPS Tracking Devices Market Size and Volume Forecast by Application
13.4.1. Personal Use
13.4.2. Pets
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wearable GPS Tracking Devices Market Size and Volume Forecast by Type
13.7.1. Asset Tracker
13.7.2. AVL Tracker
13.7.3. Personal Tracker
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wearable GPS Tracking Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wearable GPS Tracking Devices Market: Market Share Analysis
14.2. Wearable GPS Tracking Devices Distributors and Customers
14.3. Wearable GPS Tracking Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Amber Alert GPS
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sierra Wireless, Inc
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Trackimo LLC
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Xirgo Technologies
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Laipac Technology
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Verizon Wireless
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tomtom International Bv
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Spark Nano
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. GlobalSat WorldCom Corp.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. LG
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook