Global Low Power Geolocation Market Drivers 2024, Forecast To 2033
21 Feb, 2024
The low power geolocation market has seen exponential growth, surging from $38.91 billion in 2023 to $48.08 billion in 2024, exhibiting a 23.6% CAGR. IoT device proliferation and demand in agriculture were key factors historically. The forecast anticipates growth to $112.47 billion by 2028, driven by smart cities and energy harvesting. Trends include geospatial analytics and privacy-preserving solutions.
Global Low Power Geolocation Market Key Driver
The low power geolocation market is witnessing growth propelled by the increased deployment of 5G network solutions across key nations. The penetration of 5G networks enhances device connectivity over the internet, offering better positioning accuracy. With 124 million 5G connections added globally between Q1 and Q2 of 2021, the increasing deployment of 5G networks is expected to drive the low power geolocation market.
Get A Free Sample Of The Global Low Power Geolocation Market ReportGlobal Low Power Geolocation Market Segments
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
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
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
Major Low Power Geolocation Industry Players
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
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Low Power Geolocation Market Overview
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.
Low Power Geolocation Global Market Report 2023 provides data on the global low power geolocation market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The low power geolocation market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.