Location of Thing Market Report: Trends, Forecast and Competitive Analysis to 2030

Location of Thing Trends and Forecast

The future of the global location of thing market looks promising with opportunities in the BFSI, defense, government & public utility, healthcare & life sciences, industrial manufacturing, media & entertainment, retail & e-commerce, and transportation & logistic markets. The global location of thing market is expected to reach an estimated $53.7 billion by 2030 with a CAGR of 20.1% from 2024 to 2030. The major drivers for this market are increasing demand for real-time visibility and tracking, rising penetration of IoT and connected device technologies, and high use of location-based applications across different industry verticals.

A more than 150-page report is developed to help in your business decisions.

Location of Thing by Segment

The study includes a forecast for the global location of thing by location type, application, end use, and region.

Location of Thing Market by Location Type [Shipment Analysis by Value from 2018 to 2030]:

• Indoor Location
• Outdoor Location

Location of Thing Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Mapping & Navigation
• Asset Management
• Location Intelligence
• Media & Marketing Engagement
• Others

Location of Thing Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• BFSI
• Defense
• Government & Public Utilities
• Healthcare & Life Sciences
• Media & Entertainment
• Retail & E-Commerce
• Transportation & Logistics
• Others

Location of Thing Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Location of Thing Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies location of thing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the location of thing companies profiled in this report include-

• HERE
• Google
• IBM
• Microsoft
• ESRI
• Qualcomm Technologies
• Wireless Logic

Location of Thing Market Insights

Lucintel forecasts that mapping & navigation is expected to witness the highest growth over the forecast period as LOT enables users to monitor the movement of all sorts of objects.

Within this market, transportation & logistics will remain the largest segment due to evolvement in sensor technology, network communication and positioning techniques.

North America will remain the largest region over the forecast period due to technological advancement and growing increased use of mobile phones and improved network connectivity in the region.

Features of the Global Location of Thing Market

Market Size Estimates: Location of thing market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Location of thing market size by location type, application, end use, and region in terms of value ($B).

Regional Analysis: Location of thing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different location types, applications, end uses, and regions for the location of thing market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the location of thing market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the location of thing market size?

Answer: The global location of thing market is expected to reach an estimated $53.7 billion by 2030.

Q2. What is the growth forecast for location of thing market?

Answer: The global location of thing market is expected to grow with a CAGR of 20.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the location of thing market?

Answer: The major drivers for this market are increasing demand for real-time visibility and tracking, rising penetration of IoT and connected device technologies, and high use of location-based applications across different industry verticals.

Q4. What are the major segments for location of thing market?

Answer: The future of the location of thing market looks promising with opportunities in the BFSI, defense, government & public utility, healthcare & life sciences, industrial manufacturing, media & entertainment, retail & e-commerce, and transportation & logistic markets.

Q5. Who are the key location of thing market companies?

Answer: Some of the key location of thing companies are as follows.

• HERE
• Google
• IBM
• Microsoft
• ESRI
• Qualcomm Technologies
• Wireless Logic

Q6. Which location of thing market segment will be the largest in future?

Answer: Lucintel forecasts that mapping & navigation is expected to witness the highest growth over the forecast period as LOT enables users to monitor the movement of all sorts of objects.

Q7. In location of thing market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to technological advancement and growing increased use of mobile phones and improved network connectivity in the region.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the location of thing market by location type (indoor location and outdoor location), application (mapping & navigation, asset management, location intelligence, media & marketing engagement, and others), end use (BFSI, defense, government & public utilities, healthcare & life sciences, media & entertainment, retail & e-commerce, transportation & logistics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?