The Asia Pacific Low Power Geolocation Market would witness market growth of 27.5% CAGR during the forecast period (2021-2027).
Geolocation provides information about the accurate time zone and exact positioning coordinates, many companies and authorities dealing in tracking wildlife or cargo shipments can carry out their functions properly. When a person searches for any information on the internet, the device’s location is firstly detected to provide results as per the region.
There are several mobile devices such as tablets, smartphones, smartwatches, laptops, and fitness trackers that are relatively intuitive as per their efficiency with geolocation. Device-based data collection depends on GPS and cellular networks, which makes it more reliable and accurate at places with more people since there is a closer triangulation.
China is one of the leading countries that has enforced stringent government regulations and laws to protect customer data from malicious activities. The domestic cyber governance system of China includes overlapping and interconnected laws, strategies, regulations, measures, and standards that are aimed at data storage, crucial infrastructure, security reviews, and the safety of personal data. In addition, Indian railways have employed geolocation technology to trace the location of a train and determine its time of arrival and departure.
Government departments and agencies across India and China are highly using geolocation technology for empowering their defense sector and improving the security of a huge amount of data. Along with that, policymakers across emerging nations are becoming more cautious about the kind of data shared across borders and thus, they are keeping a record of location data extracted through different online mediums.
The China market dominated the Asia Pacific Low Power Geolocation Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $8.30 billion by 2027. The Japan market is anticipated to grow at CAGR of 26.9% during (2021 - 2027). Additionally, The India market would experience CAGR of 28.3% during (2021 - 2027).
Based on Geolocation Area, the market is segmented into Indoor and Outdoor. Based on Technology, the market is segmented into LPWAN, GPS, UWB, Wi-Fi, Bluetooth and Others. Based on Solutions, the market is segmented into Hardware, Software and Service. Based on End User, the market is segmented into Logistics & Transportation, Healthcare, Consumer Electronics, Agriculture, Power Utilities and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Low Power Geolocation Market is Projected to reach USD 100.43 billion by 2027, at a CAGR of 25.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Digital Matter, Favendo GmbH, Semtech Corporation, Cisco Systems, Inc., Hoopo Systems Ltd., STMicroelectronics N.V., Kerlink SA, Nestwave SAS, Sigfox S.A. (Citymesh), and Tracktio.
By Geolocation Area
By Technology
By Solutions
By End User
By Country
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