Smart Tracker Market By Type (Bluetooth, Cellular, and GPS), By Application (Pets and Luggage & Keys), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

Smart trackers, attached to luggage, keys, pets, and several other valuable items, are integrated into a users’ smartphone using wireless technology such as Bluetooth and GPS. The tracker helps users locate items that are otherwise easily misplaced. The smart trackers can also notify users if they are moving far away from the items.

Smart Tracker market is estimated to reach $1170.8 million by 2030; growing at a CAGR of 11.3% till 2030

Growth Factors

The rising pet population around the globe and technological innovation in the production of low-cost smart trackers are the primary factors driving the market growth. Several concerned pet owners have started to attach smart trackers on their pets to know about their whereabouts, and their rising number has improved product sales, which has positively influenced the growth of the market. The continued innovative production of low-cost smart trackers has also piqued consumer interest, improving market growth. However, the limited functionality of smart trackers and low battery power, which restricts a longer period of use, might hamper the market growth. The increasing demand of trackers for luggage integration would provide lucrative opportunities for the market in the coming years. The need to locate misplaced smaller luggage items such as wallet, purse, and bags, have resulted in consumers opting to attach smart trackers for comfort and convenience, which would enhance the sales volume of smart trackers over the forecast period.
 
Market Segmentation

The global Smart Tracker market is mainly classified based on Type and Application. Type is further segmented into Bluetooth, Cellular, and GPS. By Application, the market is divided into Pets and Luggage & Keys.

The Bluetooth segment by Type holds a significant market share owing to its expansive integration that is already in place for several other smart connected devices, and ability to notify users if they are moving away from the tagged items. However, the GPS segment is expected to witness substantial growth over the forecast period owing to its ability to cover an extended area of locating items, and facilities to pin-point item location on a real-time geographical map.

Regional Analysis

Based on geography, the global Smart Tracker market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

North America leads in terms of production volume owing to the growing product adoption for the tracking of an increasing population of pets, and increased consumer interest towards product adoption in the monitoring of luggage and bags, along with wallets and keys.

Asia-Pacific is expected to witness substantial growth rate over the forecast period in terms of consumption volume owing to the rising product sales to prevent the loss of valuable luggage items, and growing concern among pet owners to keep track of their pets.
 
Competitive Players

The Smart Tracker market is highly fragmented, with several global and regional players competing in the existing market scenario to expand business opportunities through rising product sales and improvement in accuracy of item location. The regional companies are focused on the introduction of effective yet cost-effective trackers and have the benefit of catering to the regional customer demands through strong locally-positioned sales and distribution networks. The global players are also expanding manufacturing and distribution capabilities in remote areas, thereby intensifying the competitiveness in the Smart Tracker market.

Key players operating in the Smart Tracker industry include Lugloc, Link AKC, Tile, TrackR, Chipolo, Findster, Kaltio Technologies, Slightech, Inc., Pebblebee, Petsimpl, PitPatPet, ThinkRace Technology, Panasonic Corporation, Yepzon, and Beijing Zizai Technology.

New product launches post extensive technological development and expansion of business opportunities through the formation of strategic partnerships, and joint ventures are the primary business strategies adopted by the top players looking to consolidate market share and exhibit increase in product sales.

Smart Tracker Market Key Segments

By Type
• Bluetooth
• Cellular
• GPS

By Application
• Pets
• Luggage & Keys

By Geography

• North America
o The U.S.
o Canada
o Mexico

• Europe
o U.K
o Germany
o France
o Italy
o Rest of Europe

• Asia Pacific
o India
o China
o Japan
o South Korea
o Rest of Asia Pacific

• South America
o Brazil
o Argentina
o Rest of South America

• Middle East & Africa
o GCC Countries
o Egypt
o South Africa
o Rest of Middle East & Africa

Key Global Smart Tracker Industry Players

• Lugloc
• Link AKC
• Tile
• TrackR
• Chipolo
• Findster
• Kaltio Technologies
• Slightech, Inc.
• Pebblebee
• Petsimpl
• PitPatPet
• ThinkRace Technology
• Panasonic Corporation
• Yepzon
• Beijing Zizai Technology

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Smart Tracker Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Rising pet population around the globe
3.3.2. Technological innovation in the production of low-cost smart trackers
3.4. Restraints
3.4.1. Limited functionality and low battery power
3.5. Opportunity
3.5.1. Increasing demand for trackers for luggage integration
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Bluetooth
4.2.1. Market Size & Forecast
4.3. Cellular
4.3.1. Market Size & Forecast
4.4. GPS
4.4.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Pets
5.2.1. Market Size & Forecast
5.3. Luggage & Keys
5.3.1. Market Size & Forecast

6. Smart Tracker Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Smart Tracker Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Smart Tracker Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Spain
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Smart Tracker Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Smart Tracker Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Smart Tracker Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. Lugloc
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. Lugloc Product Category, Application, and Specification
7.1.3. Lugloc Financial Performance (2016-2018)
7.1.4. Main Business/Business Overview
7.2. Link AKC
7.3. Tile
7.4. TrackR
7.5. Chipolo
7.6. Findster
7.7. Kaltio Technologies
7.8. Slightech, Inc.
7.9. Pebblebee
7.10. Petsimpl
7.11. PitPatPet
7.12. ThinkRace Technology
7.13. Panasonic Corporation
7.14. Yepzon
7.15. Beijing Zizai Technology