Battery-powered LoRaWAN GPS Tracker Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 3.5 Billion by 2030, growing at a CAGR of 15.5% from 2024 to 2030.
The Battery-powered LoRaWAN GPS tracker market is experiencing significant growth due to the increasing demand for reliable and energy-efficient tracking solutions across various industries. These trackers leverage the power of Low Power Wide Area Networks (LPWAN) to provide long-range communication capabilities while maintaining low energy consumption. This makes them ideal for applications requiring continuous tracking over long periods, especially in remote or hard-to-reach locations. The market is segmented by application into four key areas: Logistics, Industrial Automation, Agriculture, and Others, each contributing to the expanding adoption of LoRaWAN-based GPS tracking solutions.
Download Full PDF Sample Copy of Global Battery-powered LoRaWAN GPS Tracker Report @ https://www.verifiedmarketreports.com/download-sample/?rid=787350&utm_source=Google_site&utm_medium=232
In the logistics sector, Battery-powered LoRaWAN GPS trackers play a crucial role in enhancing the efficiency of supply chain management. These trackers are integrated into shipping containers, pallets, and cargo to provide real-time location tracking, route optimization, and security monitoring. With the ability to transmit data over long distances with minimal power consumption, these devices are ideal for tracking goods in transit, whether by road, sea, or air. The ability to monitor the conditions of goods, such as temperature and humidity, further improves the effectiveness of logistics operations, ensuring that products reach their destination safely and on time.
Logistics companies are increasingly adopting Battery-powered LoRaWAN GPS trackers as part of their digital transformation initiatives. These devices enable better visibility and control of the entire supply chain, from warehouse management to last-mile delivery. The long-range capabilities of LoRaWAN technology allow companies to track assets in real-time, even across countries or continents. This enhanced visibility is helping logistics providers reduce costs, improve operational efficiency, and enhance customer satisfaction by providing timely updates and ensuring goods are transported securely.
The industrial automation sector has also seen a rise in the adoption of Battery-powered LoRaWAN GPS trackers, primarily for asset tracking and monitoring. These devices are used to track machinery, vehicles, and other critical assets within manufacturing plants or construction sites. By providing real-time location data, these trackers help companies monitor the utilization of assets, prevent theft, and improve maintenance schedules. The integration of GPS trackers in industrial operations allows for more streamlined workflows, better resource allocation, and reduced downtime, contributing to higher productivity and efficiency across industrial operations.
Battery-powered LoRaWAN GPS trackers are particularly beneficial in industrial environments where traditional tracking systems may not be feasible due to limited connectivity or harsh conditions. With their ability to operate on low power for extended periods, these devices can track assets over large areas and in remote locations where cellular networks are unavailable. This is particularly valuable for industries such as oil and gas, mining, and manufacturing, where assets are often spread out over vast areas. The technology helps reduce operational costs and enhances overall system efficiency in industrial automation settings.
Agriculture is another key sector benefiting from Battery-powered LoRaWAN GPS trackers. These devices are used to track livestock, agricultural vehicles, and equipment, enabling farmers to monitor the location and health of their assets in real-time. The integration of GPS trackers into farming operations improves overall farm management by providing insights into field conditions, crop growth, and livestock movements. With the ability to operate in remote areas where traditional network infrastructure is limited, these trackers offer farmers a reliable solution for managing their operations efficiently and with minimal energy consumption.
In addition to tracking assets, Battery-powered LoRaWAN GPS trackers in agriculture help optimize resource management by providing data that can be used to improve irrigation systems, monitor soil conditions, and manage harvest schedules. By collecting and analyzing this data, farmers can make informed decisions, leading to increased crop yields and reduced resource wastage. Furthermore, the long battery life and low-power consumption of these devices make them ideal for use in rural and expansive agricultural fields, where infrastructure for other types of tracking systems may be insufficient.
The "Others" segment of the Battery-powered LoRaWAN GPS tracker market encompasses a wide range of applications across various industries, including automotive, healthcare, and environmental monitoring. These trackers are increasingly used in smart city projects for tracking public transport, monitoring urban infrastructure, and managing waste disposal. In the automotive industry, GPS trackers help monitor vehicle fleets, providing real-time data on vehicle location, fuel consumption, and maintenance needs. Additionally, in healthcare, these trackers are used to monitor the location and status of medical equipment or to ensure the safety of elderly patients through wearable devices.
The diverse applications in this segment highlight the versatility of Battery-powered LoRaWAN GPS trackers, which can be adapted to suit a variety of use cases. These trackers offer a combination of long-range communication, low power consumption, and reliability, making them ideal for industries where traditional GPS tracking systems may not be practical. With the ongoing development of the IoT ecosystem, the demand for these devices is expected to continue growing across a wide range of sectors, further driving the expansion of the LoRaWAN GPS tracker market.
The Battery-powered LoRaWAN GPS tracker market is witnessing several key trends that are shaping its growth trajectory. One of the most significant trends is the increasing integration of Internet of Things (IoT) technologies, which enhances the functionality of GPS trackers by enabling seamless communication between devices. This integration allows for advanced data analytics, enabling companies to derive actionable insights and optimize operations. Another key trend is the growing focus on sustainability and energy efficiency, with more companies seeking low-power solutions that can operate over extended periods without frequent battery replacements.
Another important trend is the rising demand for smart agriculture solutions, driven by the need for increased food production and sustainable farming practices. LoRaWAN-based GPS trackers offer farmers a reliable and cost-effective solution to monitor their assets and optimize farm management. Furthermore, the market is also seeing increased adoption of GPS tracking solutions in urban infrastructure projects, including smart cities, where tracking and monitoring systems are integrated to improve public services and resource management. These trends are expected to continue driving the demand for Battery-powered LoRaWAN GPS trackers across various applications.
The Battery-powered LoRaWAN GPS tracker market presents several opportunities for growth, particularly in industries that require long-range tracking solutions with low power consumption. As more companies adopt IoT-enabled devices for asset tracking and monitoring, there is a significant opportunity to expand the use of these trackers in sectors such as logistics, industrial automation, and agriculture. The ability to provide real-time data on asset location, status, and condition is increasingly seen as a competitive advantage in these industries, creating opportunities for companies to differentiate themselves through advanced tracking solutions.
Additionally, the expanding focus on sustainability and energy efficiency presents an opportunity for the development of even more advanced Battery-powered LoRaWAN GPS trackers. As companies look to reduce their environmental impact, the demand for low-power, long-lasting devices is expected to rise. Moreover, the growth of smart city initiatives and the increasing need for urban infrastructure monitoring offer new avenues for GPS tracking applications, further driving the demand for these devices. Overall, the market is poised for continued expansion as industries increasingly recognize the value of reliable and energy-efficient GPS tracking solutions.
1. What is a Battery-powered LoRaWAN GPS tracker?
A Battery-powered LoRaWAN GPS tracker is a device that uses LoRaWAN technology to transmit GPS location data over long distances while consuming minimal power.
2. How does LoRaWAN technology work for GPS tracking?
LoRaWAN technology uses low-power wide-area networks to transmit data over long distances, making it ideal for GPS trackers in remote or rural areas.
3. What industries benefit from Battery-powered LoRaWAN GPS trackers?
Industries such as logistics, agriculture, industrial automation, and others benefit from these GPS trackers for asset tracking and real-time monitoring.
4. Why are Battery-powered LoRaWAN GPS trackers energy-efficient?
These trackers are designed to use minimal energy while transmitting data over long distances, making them ideal for long-term usage without frequent recharging.
5. What are the key advantages of using Battery-powered LoRaWAN GPS trackers in logistics?
These trackers provide real-time tracking, route optimization, and condition monitoring, enhancing visibility and operational efficiency in logistics.
6. Can LoRaWAN GPS trackers be used in agricultural applications?
Yes, they are used for tracking livestock, agricultural vehicles, and equipment, helping farmers manage their operations efficiently and improve yield.
7. What is the range of a Battery-powered LoRaWAN GPS tracker?
The range of a LoRaWAN GPS tracker can vary depending on the environment, but it typically ranges from several kilometers to tens of kilometers.
8. How long do the batteries of LoRaWAN GPS trackers last?
Battery life varies, but LoRaWAN GPS trackers are designed for extended use, with some lasting up to several years on a single charge, depending on the application.
9. Are Battery-powered LoRaWAN GPS trackers waterproof?
Many models of these trackers are designed to be weatherproof or waterproof, making them suitable for use in harsh outdoor environments.
10. How does LoRaWAN GPS tracking help improve asset management?
LoRaWAN GPS trackers provide real-time location data, allowing companies to track and manage assets more effectively, reduce theft, and optimize utilization.
```
Download Full PDF Sample Copy of Global Battery-powered LoRaWAN GPS Tracker Report @ https://www.verifiedmarketreports.com/download-sample/?rid=787350&utm_source=Google_site&utm_medium=232
Digital Matter
Abeeway
Dragino
GlobalSat
Mimiq
MOKOSmart
BeaconTrax
ELA Innovation
Browan
ZANE systems
HKT Technology
ANANTICS
SenRa
Kerlink
TEKTELIC
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.
Get Discount On The Purchase Of This Report @ https://www.verifiedmarketreports.com/ask-for-discount/?rid=787350&utm_source=Google_site&utm_medium=232
Growing demand for below applications around the world has had a direct impact on the growth of the Global Battery-powered LoRaWAN GPS Tracker Market
Logistics
Industrial Automation
Agriculture
Others
Based on Types the Market is categorized into Below types that held the largest Battery-powered LoRaWAN GPS Tracker market share In 2023.
Battery Life: 2-5 Years
Battery Life: 5-10 Years
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
1. Introduction of the Global 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. Global Battery-powered LoRaWAN GPS Tracker Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Battery-powered LoRaWAN GPS Tracker Market, By Type
6. Global Battery-powered LoRaWAN GPS Tracker Market, By Application
7. Global Battery-powered LoRaWAN GPS Tracker Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Battery-powered LoRaWAN GPS Tracker Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/