Published Date: 24-Jan-2022
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According to a new report Global Low Power Geolocation Market, published by KBV research, The Global Low Power Geolocation Market size is expected to reach $100.43 billion by 2027, rising at a market growth of 25.4% CAGR during the forecast period.
The Indoor market dominated the Global Low Power Geolocation Market by Geolocation Area 2020, thereby growing at a CAGR of 24.3% during the forecast period. Through indoor low power geolocation, companies can locate the position of their inventories and human resources. In addition, an indoor geolocation platform helps reduce the chances of stolen or misplaced inventories.
The LPWAN market dominated the Global Low Power Geolocation Market by Technology 2020, thereby growing at a CAGR of 24% during the forecast period. It is owing to the fact that LPWAN supports low-bandwidth, battery-powered devices over large distances and are designed for machine-to-machine (M2M) and internet of things (IoT) networks, for less expensive and less power usage than typical mobile networks, which is fueling its adoption among various companies.
The Hardware market dominated the Global Low Power Geolocation Market by Solutions 2020 thereby growing at a CAGR of 24.3% during the forecast period. There are several devices that come with in-built geolocation hardware, which can trace the location of the embedded device from anywhere. Key market players are also launching various low power geolocation hardware or tools to serve the purpose of identifying the position of any product or person.
The Logistics & Transportation market dominated the Global Low Power Geolocation Market by End User 2020 thereby growing at a CAGR of 23.6% during the forecast period. There are numerous companies across different verticals that have strived to improve their logistics & supply chain operations utilizing outdated or manually-driven systems & workflows. However, the introduction of geolocation technology has helped companies to manage their logistics and track their inventories, order status, and resources.
The North America market dominated the Global Low Power Geolocation Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $36.96 billion by 2027. The Europe market is estimated to witness a CAGR of 24.5% during (2021 - 2027). Additionally, The Asia Pacific market would experience a CAGR of 27.5% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 End User
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