Consumer IoT Tracking Devices Gain in Popularity

Consumer IoT Tracking Devices Gain in Popularity

There are many different consumer products that fall under the category of IoT devices. These are household appliances for a smart home, wearable health monitors, and personal tracking devices. The latter, in particular devices for tracking children, the elderly and pets, are becoming more and more popular. This is the conclusion reached by ABI Research analysts, who prepared the corresponding report. They expect the total installed base of consumer IoT tracking devices to reach 68 million by 2026. For comparison: this year there will be 16 million such devices in operation.

According to analysts, the most important reason for the proliferation of such devices is the desire to ensure security.

Improvements in health care result in the world’s population living much longer, with an average life expectancy of 75–80 years. At the same time, the number of elderly people with dementia or Alzheimer’s disease is also increasing, for their condition it is necessary to look after. Vital signs and monitoring devices are seen as an extra precaution that gives family members and caregivers peace of mind. The market for such human devices is predicted to grow by an average of 42% in the coming years. Most of these devices by 2026 will be in North America – 15 million units.

Child tracking devices, including smartwatches, keys and tags, are increasingly being used to reassure parents in an environment of increasing child abduction and human trafficking. This segment is projected to be the largest by 2026. The average annual growth in it will be 30.4%.

When it comes to pets, tracking devices help locate an escaped, lost, or abducted animal. In addition, such a device can help train and monitor the physical condition of the animal. They are usually in the form of a collar.

Consumer IoT Tracking Devices Gain in Popularity

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