Devices for Tracking Elderly to Expand at 42% CAGR by 2026: ABI

Personal IoT devices for tracking children, the elderly and pets will soon “enter the mainstream,” reaching an installed base of 68 million units in 2026 from 16 million this year, reported ABI Research Thursday. Safety is the most significant demand driver for consumer tracking devices, said analyst Harriet Sumnall. She estimates the market for IoT devices to track the elderly will expand at a 42% compound annual growth rate (CAGR) through 2026, when North America will have the largest installed base at 15 million. Devices for tracking children reside in smartwatches like the Verizon GizmoWatch and tracking tags like the Apple AirTag. The segment is projected to have a 30.4% CAGR through 2026.