They can be quite effective and allegedly have changed car theft
apparently with higher end cars they are now stolen and then "quarantined" by parking in a residential are or such like
That way if there is a tracker it will not be found in the possession of the thief
Increases the likelihood of recovery
The problem with bikes is that they are difficult to hide. There have been those that are built within lights, but as you will need to change batteries etc then they will always have to be accessible and hence easily removable
Boomerang and the
Cricket illustrate the point
Others like the
Sherlock are more discreet
The other thing that is becoming more common is "Communities" where instead of activating a phone type signal, it notifies others with the same device through Bluetooth... the obvious limitation being that unless you have thousands of that device in your area, it will simply not work