Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Wearable GPS Tracking Devices Market by Type (Asset Tracker, AVL Tracker, Personal Tracker), By Application (Personal Use, Pets, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Wearable GPS Tracking Devices Market by Type (Asset Tracker, AVL Tracker, Personal Tracker), By Application (Personal Use, Pets, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 219443 3300 Electronics & Semiconductor 377 239 Pages 4.9 (42)
                                          

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.


Global Wearable GPS Tracking Devices Industry Outlook


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:

  1. Amber Alert GPS
  2. Sierra Wireless, Inc
  3. Trackimo LLC
  4. Xirgo Technologies
  5. Laipac Technology
  6. Verizon Wireless
  7. Tomtom International Bv
  8. Spark Nano
  9. GlobalSat WorldCom Corp.
  10. LG

Global Wearable GPS Tracking Devices Market Overview


Highlights of The Wearable GPS Tracking Devices Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Asset Tracker
    2. AVL Tracker
    3. Personal Tracker
  1. By Application:

    1. Personal Use
    2. Pets
    3. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Wearable GPS Tracking Devices Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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