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Low-Power Geolocation Market - A Global and Regional Analysis

Focus on Product, Service, Geolocation Tech (LPWAN, BLE, UWB, WiFi), Application, Industry, Patents, Funding, Customer Analysis - Analysis and Forecast, 2020-2025

 
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The low-power geolocation market was estimated at $24.88 Billion in 2020 and is projected to grow at a CAGR of 21.10% during the forecast period, 2020-2025.

The factors driving the growth of the market include increasing need for fleet management across industries, rising demand for improved real-time location tracking system, and   increasing necessity of improving operational efficiency.

The applications for which low-power geolocation can be used include asset monitoring and management, proximity detection and contact tracing, offshore remote monitoring, and preventive maintenance, building and home automation, livestock monitoring, and others.

The use-cases for which low-power geolocation technology can be used include quality management, cattle monitoring, workforce management, and production optimization.

Major companies operating in the market include Actility S.A., Sigfox S.A., Hoopo, Semtech Corporation, Cisco Systems, Senet Inc., Nestwave SAS, Kerlink S.A., Favendo GmbH, Carius TECH spol. s.r.o, STMicroelectronics, Digital Matter, Tracktio, Ubiscale SAS, SAGEMCOM, and Zozio.

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