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The global low-power geolocation market is projected to grow from $24.88 billion in 2020 to $64.80 billion by 2025, at a CAGR of 21.10% from 2020 to 2025.
The growth in the low-power geolocation market is expected to be driven by the increasing adoption of low-power geolocation technology, rising demand for improved real-time location tracking system, and increasing measures for improving operational efficiency.
Low-power geolocation has garnered the attention of all industry types, which include logistics and transportation, healthcare, power utilities and oil and gas, agriculture, consumer electronics, and others to increase their operational productivity and work efficiency.