The Business Research Company’s report on the Low Power Geolocation Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the low power geolocation market further?
Increased deployment of 5G network solutions across key nations is driving the growth of the low power geolocation market. The penetration of 5G networks allows more devices to be connected over the internet with high speed which offers better positioning accuracy, thus boosting the low power geolocation market. For instance, in March 2022, according to a report published by the GSM Association, a UK-based non-profit organization, the number of 5G connections is projected to exceed 1 billion in 2021, and this figure is expected to double to 2 billion by 2025. By the conclusion of 2025, 5G connections are anticipated to constitute over 20% of the total mobile connections, and over 40% of the global population will have access to a 5G network. Hence, the increasing deployment of 5G network solutions is expected to boost the market in the forecast period.
Access Your Free Sample of the Global Low Power Geolocation Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=6653&type=smp
What are the key factors influencing the forecasted market size of the low power geolocation industry?
The low power geolocation market size has grown exponentially in recent years. It will grow from $47.12 billion in 2024 to $57.68 billion in 2025 at a compound annual growth rate (CAGR) of 22.4%. The growth in the historic period can be attributed to proliferation of iot devices, increasing dependence on mobile devices, increased growth in fleet management, asset tracking and logistics optimization, increased demand in agriculture.
The low power geolocation market size is expected to see exponential growth in the next few years. It will grow to $141.64 billion in 2029 at a compound annual growth rate (CAGR) of 25.2%. The growth in the forecast period can be attributed to expansion of smart cities initiatives, growth in precision agriculture, development of energy harvesting solutions, increasing demand for low-power solutions in healthcare. Major trends in the forecast period include diversification of industry applications, interoperability and standardization, rise of geospatial analytics, focus on privacy-preserving solutions, environmental sustainability.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=6653&type=smp
Who are the leading competitors in the low power geolocation market?
Major companies operating in the low power geolocation market include Cisco Systems Inc., Digital Matter LLC, Favendo GmbH, Hoopo Systems Ltd., Kerlink S. A., Nestwave SAS, Semtech Corporation, STMicroelectronics N. V., Tracktio Software Ltd., Actility S. A., Senet Inc., Ubiscale SAS, SAGEMCOM UK Ltd., Zozio Tech, Analog Devices Inc., Bosch Sensortec GmbH, Fujitsu Limited, Furuno Electric Co. Ltd., Navika Electronics, NXP Semiconductors N. V., Qualcomm Technologies Inc., Skyworks Solutions Inc., InnaLabs, InvenSense Inc., Kionix Inc., KVH Industries Inc., Murata Manufacturing Co. Ltd., Northrop Grumman Corporation, Robert Bosch GmbH, Sensonor AS, Systron Donner Inertial, TDK Corporation, Trimble Inc., Silicon Sensing Systems Limited
Which emerging trends are set to transform the low power geolocation market landscape?
Technological advancement is a key trend gaining popularity in the low power geolocation market. Many companies are developing new innovative solutions and products to provide an enhanced experience to their clients and users. For instance, in June 2022, Quectel Wireless Solutions, a China-based IoT solutions provider, launched LC76G module, a compact single-band ultra-low power GNSS module featuring fast and accurate location performance. LC76G can receive and process signals from all constellations such as GPS, GLONASS, BeiDou, Galileo, and QZSS, which in combination with the support of SBAS increases the number of visible satellites and enhances positioning accuracy. The LC76G module can receive signals from up to 47 satellites and achieve 1.5m positioning accuracy representing a 40% improvement over previous generations of devices.
How do different geographies compare in terms of market share and growth potential in the low power geolocation market?
North America was the largest region in the low power geolocation market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the low power geolocation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/low-power-geolocation-global-market-report
Which major segments of the low power geolocation market are experiencing the fastest growth?
The low power geolocation market covered in this report is segmented –
1) By Type: Software And Platform, Hardware, Services
2) By Technology: Global Positioning System (GPS), Wi-Fi, Bluetooth, Ultra-Wideband, Low-Power Wide Area Network (LPWAN), Other Technologies
3) By Geolocation Area: Outdoor, Indoor
4) By Industry: Logistics And Transportation, Healthcare, Power Utilities, Agriculture, Consumer Electronics
Subsegments:
1) By Software And Platform: Geolocation Software, Geolocation Platforms, Analytics And Reporting Tools
2) By Hardware: GPS Modules, Beacons, Sensors And Antennas
3) By Services: Managed Services, Consulting Services, Integration And Deployment Services
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6653
What defines the structure and scope of the low power geolocation market?
Low power geolocation systems are tracking solutions that use low-power wireless technologies such as Bluetooth, Wi-Fi, and Zigbee for location tracking and for maintaining real-time location information. Low power generation is used for identifying, locating, and communicating locations of a networking device based on geographical coordinates and measures.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
