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 was valued at approximately USD 200 million in 2022, reflecting a significant growth trend within the sector. The market is projected to experience a compound annual growth rate (CAGR) of around 12% from 2023 to 2030, driven by increasing adoption of IoT solutions across various industries and the growing need for real-time asset tracking. This expansion is largely attributed to the benefits offered by LoRaWAN technology, such as long-range connectivity and low power consumption, which are critical for effective GPS tracking in remote and challenging environments.
Opportunity analysis reveals substantial growth potential in emerging markets, particularly in regions like Asia-Pacific and Latin America. These areas are witnessing rapid infrastructure development and industrial expansion, creating a higher demand for advanced tracking solutions. Additionally, the integration of GPS trackers in logistics, agriculture, and public safety sectors presents significant opportunities for market players. As industries seek to enhance operational efficiency and asset management, the battery-powered LoRaWAN GPS tracker market is well-positioned for continued expansion and innovation in the coming years.
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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.
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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)
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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
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