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Top Market Shifts Transforming the Low Power Geolocation Market Landscape: Key Insights

06-24-2025 07:49 AM CET | IT, New Media & Software

Press release from: The Business Research Company

Low Power Geolocation Market

Low Power Geolocation Market

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What Is the Expected CAGR for the Low Power Geolocation Market Through 2025?
In recent times, the market size for low power geolocation has seen a significant rise. The market, which is estimated to be $47.12 billion in 2024, is predicted to expand to $57.68 billion in 2025, with a compound annual growth rate (CAGR) of 22.4%. The historic growth of this market can be linked to the surge in the usage of IoT devices, increased reliance on mobile gadgets, growth in fleet management, asset monitoring, and enhancement in logistics optimization, as well as a heightened demand in the agricultural sector.

What's the Projected Size of the Global Low Power Geolocation Market by 2029?
In the upcoming years, the low power geolocation market is anticipated to experience a surge in growth, with its value forecasted to reach $141.64 billion by 2029. This represents a compound annual growth rate (CAGR) of 25.2%. The rise during this period is linked to factors like the burgeoning of smart city projects, the progress in precision agriculture, the creation of energy harvesting solutions and the amplified demand for low-power solutions within the healthcare sector. The forecast period will also see significant trends like the diversification of industrial applications, the move towards interoperability and standardization, the emergence of geospatial analytics, an emphasis on privacy-preserving solutions and a consideration for environmental sustainability.

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Top Growth Drivers in the Low Power Geolocation Industry: What's Accelerating the Market?
The growth of the low power geolocation market is being propelled by the rise in the usage of 5G network solutions in key countries. The increasing pervasiveness of 5G networks facilitates the connection of more devices over the internet at high speeds, hence improving positioning accuracy and subsequently, spurring the growth of the low power geolocation market. For example, a report by the GSM Association, a non-profit organisation located in the UK, suggested in March 2022, that the total number of 5G connections is predicted to surpass 1 billion in 2021 and it is foreseen to reach 2 billion by 2025. By the end of 2025, it is projected that 20% of all mobile linkups will be 5G connections, and 40% of the world's population will have access to a 5G network. Therefore, the escalating usage of 5G network solutions is projected to bolster the low power geolocation market in the future.

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What Trends Will Shape the Low Power Geolocation Market Through 2029 and Beyond?
The trend of utilizing advancements in technology is quickly gaining traction in the low power geolocation market. Numerous firms are creating innovative products and solutions to enhance their customer and user experiences. For example, Quectel Wireless Solutions, an IoT solutions provider based in China, introduced the LC76G module in June 2022. This compact, ultra-low power GNSS module provides fast and accurate location data. It is capable of receiving and processing signals from all GPS, GLONASS, BeiDou, Galileo, and QZSS constellations. Along with SBAS support, this amplifies the number of visible satellites and improves positioning precision. The LC76G module can process signals from up to 47 satellites and achieve a 1.5m positioning accuracy, which indicates a 40% boost in performance compared to its predecessors.

What Are the Main Segments in the Low Power Geolocation Market?
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

Subsegments:
1) By Software And Platform: Geolocation Software, Geolocation Platforms, Analytics And Reporting Tools
2) By Hardware: GPS Modules, Beacons, Sensors And Antennas
3) By Services: Managed Services, Consulting Services, Integration And Deployment Services

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Which Top Companies are Driving Growth in the Low Power Geolocation Market?
Major companies operating in the low power geolocation market include Cisco Systems Inc., Digital Matter LLC, Favendo GmbH, Hoopo Systems Ltd., Kerlink S. A., Nestwave SAS, Semtech Corporation, STMicroelectronics N. V., Tracktio Software Ltd., Actility S. A., Senet Inc., 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

Which Regions Will Dominate the Low Power Geolocation Market Through 2029?
North America was the largest region in the low power geolocation market in 2024.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

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