The North America Low Power Geolocation Market would witness market growth of 23.8% CAGR during the forecast period (2021-2027).
Geolocation technology is widely used in various domains. Two of the major users of low power geolocation are government authorities and police departments for security purposes like unmanned aerial vehicles (UAVs) or ankle bracelets. Low power geolocation helps in framing strategies for the defense sector of any country. Companies are highly combining low power geolocation with other technologies and solutions to improve their regular operations. Some of the applications of low power geolocation include localization or customization of provided content, imposition of access & delivery regulations on the basis of geographical location, network traffic analysis, and fraud prevention.
With the increasing cases of cyber-attacks, government authorities are becoming more aware and stringent for the protection of government’s as well as civilians’ data. In the US, legal protection regulations for location data are mentioned in the U.S. Constitution, some policies are also there to protect location data from misuse. For example, before providing any solution or services to the customers, companies identify their location, evaluate the regional trend and customize according to it. This would improve customer experience and hence, fuel the growth of the regional low power geolocation market.
The US market dominated the North America Low Power Geolocation Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $26.67 billion by 2027. The Canada market is anticipated to grow at a CAGR of 26.6% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 25.5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Low Power Geolocation Market is Estimated 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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