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What Are The Key Predictions And Market Sizes For Global Low Power Geolocation Market?
The low power geolocation market size has witnessed exponential growth over recent years, expanding from $47.12 billion in 2024 to $57.68 billion in 2025 at a compound annual growth rate (CAGR) of 22.4%. This remarkable growth has been driven by the proliferation of IoT devices, an increased reliance on mobile devices, and significant growth in fleet management, asset tracking, and logistics optimization, as well as increased demand in agriculture.
The low power geolocation market is forecasted to experience explosive growth in the coming years, expected to grow to $141.64 billion in 2029, at a compound annual growth rate (CAGR) of 25.2%. Forecasted growth attributes include the expansion of smart cities initiatives, growth in precision agriculture, the development of energy harvesting solutions, and increased demand for low-power solutions in healthcare. Major forecast period trends include diversification of industry applications, interoperability and standardization, the rise of geospatial analytics, emphasis on privacy-preserving solutions, and environmental sustainability.
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What Factors Are Fuelling The Growth Of The Low Power Geolocation Market?
The increased deployment of 5G network solutions across key nations is a significant driver for the low power geolocation market. The widespread use of 5G networks enables a higher number of internet-connected devices, offering superior positioning accuracy, and thus propelling the market. As reported by the GSM Association in March 2022, the number of 5G connections is expected to exceed 1 billion in 2021, doubling to 2 billion by 2025. Moreover, over 20% of total mobile connections and more than 40% of the global population are anticipated to have access to a 5G network by 2025.
How Is The Global Low Power Geolocation Market 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
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Which Major Players Are Transforming The Low Power Geolocation Market?
Prominent companies 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.
What Trends Are Emerging In The Low Power Geolocation Market?
The rapid pace of technological advancement is a significant trend gaining popularity in the low power geolocation market. Many companies are developing innovative solutions and products to provide enhanced experience to their clients and users. For instance, in June 2022, Quectel Wireless Solutions, an IoT solutions provider in China, launched the LC76G module. This compact single-band ultra-low power GNSS module features fast and accurate location performance and supports GPS, GLONASS, BeiDou, Galileo, and QZSS, increasing the number of visible satellites and enhancing positioning accuracy.
Which Regions Are Forecasted To Experience The Fastest Growth In The Low Power Geolocation Market?
In 2024, North America was the largest region in the low power geolocation market. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. The report will cover regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Low Power Geolocation Market Report 2025 Offer?
Low power geolocation systems are tracking solutions that employ low-power wireless technologies including Bluetooth, Wi-Fi, and Zigbee for location tracking and maintenance of real-time location information. Low power generation is used for identifying, locating, and communicating locations of networking devices based on geographical coordinates and measures.
The Low Power Geolocation Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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