Performance of end-user segment in the global personal safety tracking devices market.

The global personal safety tracking devices market is expected to grow at a CAGR of 12.50% during the forecast period. Based on end-user, the global personal safety tracking devices market has been segmented into children, elderly, and adults.

Children, including those with special needs like autistic children, require additional protection. In dual-income households, parents are unable to pay adequate attention to the safety of their children. Therefore, they need to buy devices such as personal safety tracking devices to provide protection to their children. These are some of the factors that are responsible for the children segment of the global personal safety tracking devices market, enjoying the highest share when compared with other end-user segments.

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Some of the vendors operating in the market are launching new variants of personal safety tracking devices for children, which offer improved connectivity options. For instance, in November 2018, WTS — Positioning Solutions announced the commercial launch of its Trax G+4G, the first 4G LTE-M, a personal safety tracking device in the global market. Due to the 4G LTE-M connectivity in the device, observers can update the location of wearers quickly. Hence, the launch of new and innovative products can lead to the accelerated growth of the children segment of the global personal safety tracking devices market during the forecast period.