The low power geolocation global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Low Power Geolocation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Low Power Geolocation Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
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.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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
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Regional Insights –
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
Key Companies –
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
Table of Contents
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
…..
32. Global Low Power Geolocation Market Competitive Benchmarking
33. Global Low Power Geolocation Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Low Power Geolocation Market
35. Low Power Geolocation Market Future Outlook and Potential Analysis
36. Appendix
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