Low Power Geolocation Market Report 2025

This Low Power Geolocation market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The low power geolocation market size has grown exponentially in recent years. It will grow from $47.12 billion in 2024 to $57.68 billion in 2025 at a compound annual growth rate (CAGR) of 22.4%. 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 $141.64 billion in 2029 at a compound annual growth rate (CAGR) of 25.2%. 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.

The increased deployment of 5G network solutions across key nations is significantly driving the growth of the low-power geolocation market. The widespread penetration of 5G networks enables a greater number of devices to connect to the internet at high speeds, resulting in improved positioning accuracy and enhanced geolocation capabilities. For instance, a report published by the GSM Association in March 2022 projected that the number of 5G connections would exceed 1 billion in 2021, with expectations to double to 2 billion by 2025. By the end of 2025, it is anticipated that 5G connections will account for over 20% of total mobile connections, providing access to more than 40% of the global population. This growing deployment of 5G network solutions is expected to significantly boost the low-power geolocation market in the coming years, as businesses and consumers alike seek to leverage the advanced capabilities offered by this technology.

Rising urbanization is expected to be a driving force behind the continued growth of the low power geolocation market. Urbanization, characterized by the increasing concentration of the population in urban areas due to factors like rural-to-urban migration and natural population growth, plays a crucial role in the development of smart cities. In this context, low power geolocation becomes integral for precise tracking and monitoring of assets, vehicles, and infrastructure, contributing to the efficiency of transportation systems, waste management, environmental monitoring, and public safety. Notably, in October 2022, the World Bank reported that over 50% of the global population lives in urban areas in 2022, and this figure is projected to increase by 1. 5 times to 6 billion by 2045. Therefore, the ongoing trend of urbanization is a significant driver for the low power geolocation market.

Technological advancement emerges as a key trend gaining popularity in the low power geolocation market. Numerous companies are investing in developing innovative solutions and products to enhance the user experience and meet the evolving needs of their clients. For example, in June 2022, Quectel Wireless Solutions, a China-based IoT solutions provider, introduced the LC76G module - a compact single-band ultra-low power GNSS module designed for fast and accurate location performance. The LC76G module supports signals from all major constellations, including GPS, GLONASS, BeiDou, Galileo, and QZSS, enhancing the number of visible satellites and overall positioning accuracy. This module can receive signals from up to 47 satellites, achieving a 1. 5m positioning accuracy, representing a 40% improvement over previous generations of devices.

Major companies operating in the low power geolocation market are actively launching innovative products to strengthen their market position. These products typically incorporate cutting-edge solutions for accurate and energy-efficient tracking of objects or devices across various applications. For instance, in June 2022, Abeeway, a France-based provider of low power combined indoor and outdoor geolocation solutions, unveiled the 1WL Abeeway-Murata Geolocation Module. This module integrates leading-edge technologies to provide benefits from the LoRa Edge platform. It serves as a multi-technology fused low power wide area network (LPWAN) location solution, offering features like ultra-low power design for extended battery life, superior sensitivity, and high flexibility. Suited for Internet of Things (IoT) asset tracking applications in both indoor and outdoor environments, the 1WL Abeeway-Murata Geolocation Module is designed for use cases such as asset recovery, traceability, inventory management, theft prevention, and similar applications.

In November 2022, NextNav, a US-based technology company, acquired Nestwave IP for approximately $19.3 million. This strategic acquisition aims to enhance NextNav’s technological offerings by integrating its existing systems with Nestwave's LTE/5G capabilities. The combination will enable NextNav to intelligently merge signals from current terrestrial LTE/5G networks with its highly synchronized TerraPoiNT system. This integration is expected to deliver near-nationwide resilient 3D position, navigation, and timing (PNT) capabilities, significantly contributing to lower deployment costs. Nestwave IP, based in France, specializes in low-power geolocation solutions, making this acquisition a pivotal step for NextNav in advancing its geolocation services.

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.

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. The countries covered in the low power geolocation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

Low power geolocation systems refer to tracking solutions that utilize low-power wireless technologies such as Bluetooth, Wi-Fi, and Zigbee for location tracking and real-time maintenance of location information. These systems enable the identification, location, and communication of networking devices based on geographical coordinates and measurements.

The main types of low-power geolocation encompass hardware, software, and platform and services. Low power geolocation hardware includes components like trackers, transceivers, radios, displays, batteries, and more. Various low-power geolocation technologies are employed, including the Global Positioning System (GPS), Wi-Fi, Bluetooth, Ultra-Wideband, Low-Power Wide Area Network (LPWAN), and other technologies. Low power geolocation applications span both outdoor and indoor environments, finding utility in diverse industries such as logistics and transportation, healthcare, power utilities, agriculture, and consumer electronics.

The low power geolocation market research report is one of a series of new reports that provides low power geolocation market statistics, including low power geolocation industry global market size, regional shares, competitors with a low power geolocation market share, detailed low power geolocation market segments, market trends and opportunities, and any further data you may need to thrive in the low power geolocation industry. This low power geolocation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The low power geolocation market includes revenues earned by entities by providing services such as piconet and scatternet. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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