Overview and Scope
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.
Sizing and Forecast
The low power geolocation market size has grown exponentially in recent years. It will grow from $38.91 billion in 2023 to $48.08 billion in 2024 at a compound annual growth rate (CAGR) of 23.6%. 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 $112.47 billion in 2028 at a compound annual growth rate (CAGR) of 23.7%. 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..
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Segmentation & Regional Insights
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
North America was the largest region in the low power geolocation market in 2023. 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
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Major Driver Impacting Market Growth
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. According to UK-based consulting company, Omdia, the world added 124 million 5G connections between Q1 and Q2 of 2021, increasing 41% from 305 million to 429 million. Hence, the increasing deployment of 5G network solutions is expected to boost the market in the forecast period.
Key Industry Players
Major companies operating in the low power geolocation market report are Cisco Systems Inc., Digital Matter LLC, Favendo GmbH, Hoopo Systems Ltd., Kerlink S. A., Nestwave SAS, Semtech Corporation, Sigfox S. A., STMicroelectronics N. V., Tracktio Software Ltd., Actility S. A., Senet Inc., Carius TECH, 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
The low power geolocation market report table of contents includes:
1. Executive Summary
2. Low Power Geolocation Market Characteristics
3. Low Power Geolocation Market Trends And Strategies
4. Low Power Geolocation Market – Macro Economic Scenario
5. Global Low Power Geolocation Market Size and Growth
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31. Global Low Power Geolocation Market Competitive Benchmarking
32. Global Low Power Geolocation Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Low Power Geolocation Market
34. Low Power Geolocation Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
Cisco Systems Inc.
Digital Matter LLC
Hoopo Systems Ltd
Kerlink S. A
Nestwave SAS
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