| Product Code: ETC11252710 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The wearable tracking devices import shipments to Grenada in 2024 continued to show strong growth, with top exporting countries being the USA, Jamaica, UK, Saint Lucia, and Barbados. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive Compound Annual Growth Rate (CAGR) of 17.53% from 2020 to 2024 highlights the increasing demand for such devices in Grenada. The notable growth rate of 29.22% from 2023 to 2024 suggests a rapidly expanding market for wearable tracking technology in the country.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Wearable Tracking Devices Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Wearable Tracking Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Wearable Tracking Devices Market - Industry Life Cycle |
3.4 Grenada Wearable Tracking Devices Market - Porter's Five Forces |
3.5 Grenada Wearable Tracking Devices Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Wearable Tracking Devices Market Revenues & Volume Share, By Tracking Technology, 2021 & 2031F |
3.7 Grenada Wearable Tracking Devices Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Wearable Tracking Devices Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Grenada Wearable Tracking Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Wearable Tracking Devices Market Trends |
6 Grenada Wearable Tracking Devices Market, By Types |
6.1 Grenada Wearable Tracking Devices Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Wearable Tracking Devices Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada Wearable Tracking Devices Market Revenues & Volume, By GPS-Enabled Wearables, 2021 - 2031F |
6.1.4 Grenada Wearable Tracking Devices Market Revenues & Volume, By Bluetooth Wearables, 2021 - 2031F |
6.1.5 Grenada Wearable Tracking Devices Market Revenues & Volume, By RFID-Based Devices, 2021 - 2031F |
6.1.6 Grenada Wearable Tracking Devices Market Revenues & Volume, By AI-Powered Wearables, 2021 - 2031F |
6.1.7 Grenada Wearable Tracking Devices Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Grenada Wearable Tracking Devices Market, By Tracking Technology |
6.2.1 Overview and Analysis |
6.2.2 Grenada Wearable Tracking Devices Market Revenues & Volume, By GPS, 2021 - 2031F |
6.2.3 Grenada Wearable Tracking Devices Market Revenues & Volume, By Bluetooth, 2021 - 2031F |
6.2.4 Grenada Wearable Tracking Devices Market Revenues & Volume, By RFID, 2021 - 2031F |
6.2.5 Grenada Wearable Tracking Devices Market Revenues & Volume, By AI, 2021 - 2031F |
6.2.6 Grenada Wearable Tracking Devices Market Revenues & Volume, By Custom Technology, 2021 - 2031F |
6.3 Grenada Wearable Tracking Devices Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Wearable Tracking Devices Market Revenues & Volume, By Location Tracking, 2021 - 2031F |
6.3.3 Grenada Wearable Tracking Devices Market Revenues & Volume, By Proximity Alerts, 2021 - 2031F |
6.3.4 Grenada Wearable Tracking Devices Market Revenues & Volume, By Access Control, 2021 - 2031F |
6.3.5 Grenada Wearable Tracking Devices Market Revenues & Volume, By Health and Activity Monitoring, 2021 - 2031F |
6.3.6 Grenada Wearable Tracking Devices Market Revenues & Volume, By Emergency Tracking, 2021 - 2031F |
6.4 Grenada Wearable Tracking Devices Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Grenada Wearable Tracking Devices Market Revenues & Volume, By Sports and Fitness, 2021 - 2031F |
6.4.3 Grenada Wearable Tracking Devices Market Revenues & Volume, By Retail and Logistics, 2021 - 2031F |
6.4.4 Grenada Wearable Tracking Devices Market Revenues & Volume, By Security, 2021 - 2031F |
6.4.5 Grenada Wearable Tracking Devices Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.4.6 Grenada Wearable Tracking Devices Market Revenues & Volume, By Law Enforcement, 2021 - 2031F |
7 Grenada Wearable Tracking Devices Market Import-Export Trade Statistics |
7.1 Grenada Wearable Tracking Devices Market Export to Major Countries |
7.2 Grenada Wearable Tracking Devices Market Imports from Major Countries |
8 Grenada Wearable Tracking Devices Market Key Performance Indicators |
9 Grenada Wearable Tracking Devices Market - Opportunity Assessment |
9.1 Grenada Wearable Tracking Devices Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Wearable Tracking Devices Market Opportunity Assessment, By Tracking Technology, 2021 & 2031F |
9.3 Grenada Wearable Tracking Devices Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Wearable Tracking Devices Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Grenada Wearable Tracking Devices Market - Competitive Landscape |
10.1 Grenada Wearable Tracking Devices Market Revenue Share, By Companies, 2024 |
10.2 Grenada Wearable Tracking Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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