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Rising Pet Population to Boost the Global Smart Tracker Market| Technavio
[December 06, 2017]

Rising Pet Population to Boost the Global Smart Tracker Market| Technavio


The global smart tracker market is expected to grow at a CAGR of more than 9% from 2017-2021, according to a new market research report by Technavio.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171206005648/en/

Technavio has published a new market research report on the global smart tracker market from 2017-20 ...

Technavio has published a new market research report on the global smart tracker market from 2017-2021. (Graphic: Business Wire)

Global smart tracker market segmentation by application and technology

Technavio's report on the global smart tracker market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by application, which includes luggage, pets, and consumer products as the three major segments. As projected in 2016, over 52% of the market share originated from consumer products.

Based on technology, the global smart tracker market has been segmented into GPS, Bluetooth, and cellular technology. As of 2016, over 58% of the market share came from Bluetooth technology.

"Bluetooth is the most popular technology used by smart trackers. This is largely due to the use of these devices to find lost or missing items within a range or area. This segment is expected to retain the major market share throughout the forecast period due to the large variety of items it can be used to track including trackers for pets and luggage," saysChetan Mohan, a lead analyst at Technavio for computing devices research.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

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Smart tracker market: competitive vendor landscape

The global smart tracker market is in the nascent phase of development with both penetration and adoption yet to gain significant momentum. The market is highly fragmented with each vendor looking to offer basic features. Most the vendors have just launched products and are still vying for customer acceptance. Therefore, there are no market leaders, however, Technavio believes that competition will intensify significantly during the forecast period as all vendors strive to gain a competitive advantage in the market.

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Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Other topics covered in the report:

Market drivers:

  • Low price will drive adoption
  • Rising pet population

Market challenges:

  • Poor battery backup and limited functionality
  • Low penetration and awareness of smart trackers

Market trends:

  • Rugged smart tracker
  • Luggage integrated with tracker

Get a sample copy of the global smart tracker market report free of cost

Access Technavio's continuously growing computing devices research library and find expert analysis on hundreds of markets.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.


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