Low Power Geolocation Global Market Report 2024

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 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 observed during the historic period can be attributed to several factors, including the proliferation of IoT devices, an increasing dependence on mobile devices, growing adoption in fleet management, asset tracking, and logistics optimization, as well as an increased demand in the agriculture sector.

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 anticipated growth in the forecast period can be attributed to the expansion of smart cities initiatives, increased adoption of precision agriculture, the development of energy harvesting solutions, and a rising demand for low-power solutions in healthcare. Major trends expected in the forecast period include the diversification of industry applications for low-power geolocation systems, an emphasis on interoperability and standardization, the rise of geospatial analytics, a focus on privacy-preserving solutions, and a commitment to environmental sustainability.

The growth of the low power geolocation market is being propelled by the increased deployment of 5G network solutions across key nations. The widespread adoption of 5G networks facilitates the connection of more devices over the internet at high speeds, enhancing positioning accuracy and thereby driving the low power geolocation market. According to the UK-based consulting company Omdia, the world witnessed the addition of 124 million 5G connections between Q1 and Q2 of 2021, marking a 41% increase from 305 million to 429 million. Hence, the surge in 5G network solution deployments is anticipated to significantly boost the market during the forecast period.

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 December 2021, Nestwave IP, a France-based provider of low-power geolocation for the IoT, collaborated with Sequans to deliver accurate and efficient GNSS positioning for low-power IoT tracking. Sequans Communications S. A., a global provider of 5G/4G cellular IoT connectivity solutions, partnered with Nestwave to address the challenge of integrating accurate geolocation into compact, often battery-powered, low-cost IoT nodes. This collaboration allows Sequans customers to benefit from higher-performing, lower-cost tracking solutions. Sequans Communications is a fabless company based in Paris, specializing in integrated circuits for 4G mobile technology.

Major companies operating in the 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

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

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.

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.


This product will be delivered within 3-5 business days.