Europe Battery-powered LoRaWAN GPS Tracker Market was valued at USD 0.6 Billion in 2022 and is projected to reach USD 1.8 Billion by 2030, growing at a CAGR of 16.5% from 2024 to 2030.
The Battery-powered LoRaWAN GPS Tracker Market is witnessing significant growth, driven by the increasing demand for efficient and cost-effective tracking solutions across various industries. This type of GPS tracker, known for its low power consumption, is revolutionizing the way industries track and monitor assets in real-time. These trackers are particularly advantageous in remote locations where traditional tracking solutions are impractical due to high energy demands and lack of infrastructure. The integration of LoRaWAN (Long Range Wide Area Network) technology makes it possible to transmit GPS data over long distances with minimal power consumption, making it an ideal choice for industries with extensive networks, such as logistics, agriculture, and supply chain management.
One of the primary industries fueling the demand for the Battery-powered LoRaWAN GPS Tracker Market is logistics. Companies in this sector need to track a vast number of vehicles, cargo, and packages across wide geographic areas. The ability to monitor shipments in real-time enhances supply chain efficiency, reduces theft, and helps prevent delays. Furthermore, with the growing shift towards sustainability, industries are also seeking solutions that consume less power, aligning with their environmental goals. The long-lasting battery life of these trackers helps reduce maintenance costs and supports greener operational strategies.
Agriculture is another sector heavily investing in GPS tracking technology. Farmers use LoRaWAN GPS trackers to monitor livestock, machinery, and environmental conditions, even in rural or remote areas. This technology aids in ensuring the safety of animals and equipment, as well as improving the overall efficiency of farm operations by providing valuable insights into the location and performance of assets.
The increased adoption of IoT (Internet of Things) devices is also contributing to the rise of the Battery-powered LoRaWAN GPS Tracker Market. As businesses seek more connected solutions, the ability to seamlessly integrate these trackers into IoT ecosystems is essential. The low-cost, long-range capabilities of LoRaWAN technology make it an ideal candidate for deployment in large-scale networks, providing real-time data analytics for smarter decision-making.
In conclusion, the Battery-powered LoRaWAN GPS Tracker Market is expanding as industries recognize the benefits of integrating this cutting-edge technology into their operations. From logistics to agriculture and beyond, these trackers are providing reliable, cost-efficient, and sustainable tracking solutions for businesses worldwide.
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Digital Matter
Abeeway
Dragino
GlobalSat
Mimiq
MOKOSmart
BeaconTrax
ELA Innovation
Browan
ZANE systems
HKT Technology
ANANTICS
SenRa
Kerlink
TEKTELIC
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Battery-powered LoRaWAN GPS Tracker Market
Asset Tracking
Personal Tracking
Pet Tracking
Vehicle Tracking
Supply Chain Management
Transportation and Logistics
Healthcare
Agriculture
Retail
Manufacturing
Hardware
Software
LoRaWAN
NBIoT (Narrowband IoT)
Sigfox
Online Retail
Offline Retail
Direct Sales
Third-party Distributors
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe Battery-powered LoRaWAN GPS Tracker Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Battery-powered LoRaWAN GPS Tracker Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Battery-powered LoRaWAN GPS Tracker Market, By Type
6. Europe Battery-powered LoRaWAN GPS Tracker Market, By Application
7. Europe Battery-powered LoRaWAN GPS Tracker Market, By Geography
Europe
Germany
UK
France
8. Europe Battery-powered LoRaWAN GPS Tracker Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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