When people ask this question they generally mean that they are interested in knowing about tracking devices that are hidden or not easily spotted by the naked eye.
Satellite tracking devices (GPS) need a power source to enable them to feed out positional information over the cellphone network and process locational data from many satellites overhead. When fitted to a vehicle on a permanent basis then the power is drawn from the vehicle’s own battery, which means that the tracking device module can be generally completely hidden from view. However, popular stand alone trackers that are temporarily deployed require their own power source, which invariably is a Lithium battery pack.
Whilst microchip and PCB technology, including antennas can now be made extremely small, the size of the battery required to power the tracking device for a useful length of time is the factor that will bloat the overall dimensions. And the longer the battery life required, the bigger the resulting product. Small asset trackers are compact, but in plain view are clearly obvious, yet still giving a maximum deployment time of say three days, whereas magnetic vehicle trackers need a much larger rechargeable battery pack, which will increase dimensions drastically whilst providing a realistic deployment time of between three and six weeks.
So, when it comes down to invisibility these devices would seriously attract attention in plain view, however they do rely on them being hidden during the deployment. The asset trackers being more compact dimensionally can be tucked into a bag or secreted into a box or slotted into a thin void of whatever is being tracked to effectively make them invisible. In the case of a magnetic vehicle tracker, the fact that they can be attached to the underside of a vehicle in a position that is away from normal line of sight, again rendering them invisible when the vehicle is being used.
Effectively a tracking device can never be invisible in the purest sense of the word because of physical size. However, there is one type of tracking system that would be regarded as invisible and this takes the form of specialist software that can be hidden into the operating system of of a smartphone, using the phone’s own battery, mapping system and battery to enable its use as a secret tracking App. Not all Smartphones will accept surveillance tracking Apps, but those that can be programmed in this way will leave the phone user oblivious.