Smart Tracker Market by Technology (Cellular, Bluetooth, GPS and UWB), Application (Consumer Products, Pets, Luggage and Other Applications) and Geography - Global Industry Analysis, Opportunities and Forecast up to 2029

Smart Tracker Market Size

The global smart tracker market size was valued at $606.20 million in 2023 and is projected to reach $1,357.92 million by 2029, growing at a CAGR of 14.5% during the forecast period.

Smart Tracker Market Overview

A smart tracker, also referred to as a tracking device or GPS tracker, is a compact electronic gadget crafted to ascertain and monitor its exact location. These devices leverage global positioning system (GPS) technology, cellular networks, and occasionally Bluetooth to furnish real-time or nearly real-time tracking details. Smart trackers manifest in diverse forms, ranging from diminutive, portable tags to wearable devices and even applications on smartphones.

Smart Tracker Market Dynamics

• The smart tracker market is expected to witness significant growth in the future due to the increasing incidences of losing items and technological advancements in tracking technology.
• Additionally, growing adoption of loT and connected devices are the prominent factors driving the growth of the market.
• However, the illegal uses of tracking devices are restraining the market growth.
• Moreover, integration with Artificial Intelligence and Machine learning are creating opportunities for market growth.

Impact of COVID-19 on the Smart Tracker Market

The global smart tracker market encountered turbulence in 2020 due to the COVID-19 pandemic. Disruptions in the global supply chain held back production and availability, leading to a slight decline in market size. However, innovative vendors adapted swiftly, shifting focus to online retail channels and leveraging digital platforms like online portals and direct marketing to promote their products. This strategic pivot not only helped them survive the competitive landscape but also fostered customer loyalty, setting the stage for future growth once the pandemic subsides.

By Technology, Bluetooth Segment to Hold Major Share in the Smart Tracker Market

The bluetooth segment is expected to have a huge demand in the smart tracker market during the forecast period due to finding misplaced items like keys, wallets, phones, and more making smart trackers equipped with bluetooth capabilities increasingly sought after. This indicates a growing consumer preference for efficient and user-friendly solutions to simplify the retrieval of personal belongings.

Furthermore, the escalating variety of personal accessories, including an increasing number of gadgets and trinkets, accentuates the significance of convenience in tracking solutions. As individuals carry a growing assortment of belongings, the need for reliable tracking becomes more crucial. This expanding collection underscores the practical importance of advanced tracking technology in addressing the diverse and increasing tracking needs of personal accessories.

By Geography, Asia-Pacific is expected to have the highest CAGR during the forecast period

The Asia-Pacific is experiencing strong growth during the forecast period due to the surging adoption of Artificial Intelligence (AI) and Internet of Things (IoT) technologies across the region. Countries like China, Japan, South Korea, and India are at the forefront of this technological wave, readily embracing AI and IoT solutions. This early adoption positions them as key drivers of the Asia-Pacific smart tracker market, fostering innovation and setting the pace for wider regional adoption.

Key Target Audience:

• Manufacturers and Developers
• Data Security Providers
• Privacy Advocates
• Emergency Services
• Insurance Companies
• Telecommunication Companies

List of the Key Players Profiled in the Report Includes:

• Apple, Inc.
• Garmin Ltd.
• Fitbit, Inc.
• Samsung Electronics Co. Ltd.
• Huawei Technologies Co. Ltd.
• Tile Inc.
• ThinkRace Technology Co. Ltd.
• Pebblebee
• Kaltiol Technologies
• Fossil Group, Inc.
• Chipolo DOO
• Innova Technology LLC
• Qorvo Inc.
• Ambiotex GmbH

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Technology:

• Cellular
• Bluetooth
• GPS
• UWB

Market by, Application:

• Consumer Products
• Pets
• Luggage
• Others

Market by, Geography:

The smart tracker report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.

What can be Explored with this Research Report?

• Understand the key trends that will drive the market and the challenges it faces in the current market scenario
• Identify growth opportunities
• Porter’s five force analysis
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth
• Historical and forecast size of the market in terms of revenue (USD Million)
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Table Of Content

1 Market Introduction           
    1.1 Market Definition        
    1.2 Research Scope and Segmentation      
    1.3 Stakeholders        
    1.4 List of Abbrevations        
              
2 Executive Summary            
              
3 Research Methodology           
    3.1 Identification of Data       
    3.2 Evaluation of Market Dynamics      
    3.3 Collaboration of Data       
    3.4 Verification and Analysis       
    3.5 Research Approach        
    3.6 Data Sources and Assumptions      
              
4 Market Dynamics            
    4.1 Market Drivers        
    4.2 Market Restraints        
    4.3 Market Opportunities       
    4.4 Market Challenges        
    4.5 Impact of COVID-19 on Smart Tracker Market     
              
5 Porter's Five Force Analysis           
    5.1 Bargaining Power of Suppliers       
    5.2 Bargaining Power of Buyers       
    5.3 Threat of New Entrants       
    5.4 Threat of Substitutes       
    5.5 Competitive Rivalry in the Market      
              
6 Global Smart Tracker Market by, Technology         
    6.1 Overview        
    6.2 Cellular         
    6.3 Bluetooth        
    6.4 GPS         
    6.5 UWB         
              
7 Global Smart Tracker Market by, Application         
    7.1 Overview        
    7.2 Consumer Products        
    7.3 Pets         
    7.4 Luggage         
    7.5 Other Applications   
              
8 Global Smart Tracker Market by, Geography         
    8.1 Overview        
    8.2 North America        
             8.2.1 US
             8.2.2 Canada
             8.2.3 Mexico
    8.3 Europe         
             8.3.1 Germany
             8.3.2 France
             8.3.3 UK
             8.3.4 Italy
             8.3.5 Spain
             8.3.6 Rest of Europe
    8.4 Asia Pacific        
             8.4.1 China
             8.4.2 Japan
             8.4.3 India
             8.4.4 South Korea
             8.4.5 Australia
             8.4.6 New Zealand
             8.4.7 Rest of Asia Pacific
    8.5 South America        
             8.5.1 Brazil
             8.5.2 Argentina
             8.5.3 Chile
             8.5.4 Rest of South America
    8.6 Middle East & Africa       
             8.6.1 UAE
             8.6.2 Saudi Arabia
             8.6.3 Qatar
             8.6.4 Iran
             8.6.5 South Africa
             8.6.6 Rest of Middle East & Africa
              
9 Key Developments            
              
10 Company Profiling            
    10.1 Apple, Inc.        
             10.1.1 Business Overview
             10.1.2 Product/Service Offering
             10.1.3 Financial Overview
             10.1.4 SWOT Analysis
             10.1.5 Key Activities
    10.2 Garmin Ltd.        
    10.3 Fitbit, Inc.        
    10.4 Samsung Electronics Co. Ltd.       
    10.5 Huawei Technologies Co. Ltd.       
    10.6 Tile Inc.         
    10.7 ThinkRace Technology Co. Ltd.       
    10.8 Pebblebee         
    10.9 Kaltiol Technologies       
    10.10 Fossil Group, Inc.        
    10.11 Chipolo DOO         
    10.12 Innova Technology LLC        
    10.13 Qorvo Inc.         
    10.14 Ambiotex GmbH