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Global Micro-Location Technology Market Size study & Forecast, by Component (Hardware, Software, Services) By Technology (Bluetooth, Low Energy WiFi, Near Field Communication, Beacons, Others) By Application (Proximity Marketing, Asset Management) By Industry Vertical (Healthcare, Transportation & Logistics, BFSI, Sports & Entertainment, Commercial) and Regional Analysis, 2023-2030

November 2023 | 200 pages | ID: GAFA72E39F56EN
Bizwit Research & Consulting LLP

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Global Micro-Location Technology Market is valued approximately at USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030. Micro-location technology refers to precise positioning and tracking systems that enable the identification of objects, people, or assets within a very small and specific area, often down to centimeter-level accuracy. This technology is distinct from traditional GPS, which provides location information on a broader scale. The Micro-Location Technology market is expanding because of factors such as increasing number of smart phones and growing adoption of IoT devices. Micro-location technology relies on various sensors, wireless technologies, and algorithms to determine precise positions indoors or in confined spaces where GPS signals may not be available or accurate. As a result, the demand of Micro-Location Technology has progressively increased in the international market during the forecast period 2023-2030.

Many micro-location applications are delivered through mobile apps. The proliferation of smartphones encourages the development of more location-aware apps, which, in turn, boosts the demand for micro-location technology. According to Statista, the global number of smartphone users in was forecast to continuously increase between 2024 and 2028 by in total 496.7 million users around 10.71%. Furthermore, in 2022, smartphone vendors sold around 1.39 billion smartphones were sold worldwide. Another important factor drives the Micro-Location Technology market is increasing adoption of IoT devices. IoT devices require accurate location information to function effectively. Micro-location technology provides the necessary precision for tracking and managing these devices in real time. As more IoT devices are deployed in various industries, the demand for micro-location technology grows to enable location-aware IoT applications. In addition, as per Statista, the number of Internet of Things devices globally is forecast to almost double from 15.1 billion in 2020 to more than 29 billion IoT devices by 2030. Moreover, growing demand for location analytics in robotics and rising focus in smart manufacturing is anticipated to create a lucrative growth opportunity for the market over the forecast period. However, rising concerns regarding security and privacy and growing trend of e-commerce in retail sector is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Micro-Location Technology Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the rising adoption of micro-location solutions for asset management in sectors such as industrial, sports and entertainment, and retail and logistics in the region. The region’s dominant performance is anticipated to propel the overall demand of Micro-Location Technology. Furthermore, North America is expected to grow with the fastest CAGR during the forecast period, owing to factors such as rising number of smart phone users in the region.

Major market player included in this report are:

Siemens AG

Cisco Systems Inc

Zebra Technologies

Ubisense Group

Estimote Inc

Camco Technologies

Humatics Corporation

Ruckus Networks

Aruba Networks

Centrak Inc

Recent Developments in the Market:
  • Recent development- NA
Global Micro-Location Technology Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Component, Technology, Application, Industry Vertical, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component

Hardware

Software

Services

By Technology

Bluetooth

Low Energy WiFi

Near Field Communication

Beacons

Others

By Application

Proximity Marketing

Asset Management

By Industry Vertical

Healthcare

Transportation & Logistics

BFSI

Sports & Entertainment

Commercial

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Micro-Location Technology Market, by region, 2020-2030 (USD Billion)
  1.2.2. Micro-Location Technology Market, by Component, 2020-2030 (USD Billion)
  1.2.3. Micro-Location Technology Market, by Technology, 2020-2030 (USD Billion)
  1.2.4. Micro-Location Technology Market, by Application, 2020-2030 (USD Billion)
  1.2.5. Micro-Location Technology Market, by Industry Vertical, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL MICRO-LOCATION TECHNOLOGY MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL MICRO-LOCATION TECHNOLOGY MARKET DYNAMICS

3.1. Micro-Location Technology Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing number of smart phones
    3.1.1.2. Growing adoption of IoT devices
  3.1.2. Market Challenges
    3.1.2.1. Concerns Regarding Security and Privacy
    3.1.2.2. Growing Trend of E-Commerce in Retail Sector
  3.1.3. Market Opportunities
    3.1.3.1. Growing demand for location analytics in robotics
    3.1.3.2. Rising focus in smart manufacturing

CHAPTER 4. GLOBAL MICRO-LOCATION TECHNOLOGY MARKET: INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economic
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL MICRO-LOCATION TECHNOLOGY MARKET, BY COMPONENT

5.1. Market Snapshot
5.2. Global Micro-Location Technology Market by Component, Performance - Potential Analysis
5.3. Global Micro-Location Technology Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
5.4. Micro-Location Technology Market, Sub Segment Analysis
  5.4.1. Hardware
  5.4.2. Software
  5.4.3. Services

CHAPTER 6. GLOBAL MICRO-LOCATION TECHNOLOGY MARKET, BY TECHNOLOGY

6.1. Market Snapshot
6.2. Global Micro-Location Technology Market by Technology, Performance - Potential Analysis
6.3. Global Micro-Location Technology Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
6.4. Micro-Location Technology Market, Sub Segment Analysis
  6.4.1. Bluetooth
  6.4.2. Low Energy WiFi
  6.4.3. Near Field Communication
  6.4.4. Beacons
  6.4.5. Others

CHAPTER 7. GLOBAL MICRO-LOCATION TECHNOLOGY MARKET, BY APPLICATION

7.1. Market Snapshot
7.2. Global Micro-Location Technology Market by Application, Performance - Potential Analysis
7.3. Global Micro-Location Technology Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Micro-Location Technology Market, Sub Segment Analysis
  7.4.1. Proximity Marketing
  7.4.2. Asset Management

CHAPTER 8. GLOBAL MICRO-LOCATION TECHNOLOGY MARKET, BY INDUSTRY VERTICAL

8.1. Market Snapshot
8.2. Global Micro-Location Technology Market by Industry Vertical, Performance - Potential Analysis
8.3. Global Micro-Location Technology Market Estimates & Forecasts by Industry Vertical 2020-2030 (USD Billion)
8.4. Micro-Location Technology Market, Sub Segment Analysis
  8.4.1. Healthcare
  8.4.2. Transportation & Logistics
  8.4.3. BFSI
  8.4.4. Sports & Entertainment
  8.4.5. Commercial

CHAPTER 9. GLOBAL MICRO-LOCATION TECHNOLOGY MARKET, REGIONAL ANALYSIS

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Micro-Location Technology Market, Regional Market Snapshot
9.4. North America Micro-Location Technology Market
  9.4.1. U.S. Micro-Location Technology Market
    9.4.1.1. Component breakdown estimates & forecasts, 2020-2030
    9.4.1.2. Technology breakdown estimates & forecasts, 2020-2030
    9.4.1.3. Application breakdown estimates & forecasts, 2020-2030
    9.4.1.4. Industry Vertical breakdown estimates & forecasts, 2020-2030
  9.4.2. Canada Micro-Location Technology Market
9.5. Europe Micro-Location Technology Market Snapshot
  9.5.1. U.K. Micro-Location Technology Market
  9.5.2. Germany Micro-Location Technology Market
  9.5.3. France Micro-Location Technology Market
  9.5.4. Spain Micro-Location Technology Market
  9.5.5. Italy Micro-Location Technology Market
  9.5.6. Rest of Europe Micro-Location Technology Market
9.6. Asia-Pacific Micro-Location Technology Market Snapshot
  9.6.1. China Micro-Location Technology Market
  9.6.2. India Micro-Location Technology Market
  9.6.3. Japan Micro-Location Technology Market
  9.6.4. Australia Micro-Location Technology Market
  9.6.5. South Korea Micro-Location Technology Market
  9.6.6. Rest of Asia Pacific Micro-Location Technology Market
9.7. Latin America Micro-Location Technology Market Snapshot
  9.7.1. Brazil Micro-Location Technology Market
  9.7.2. Mexico Micro-Location Technology Market
9.8. Middle East & Africa Micro-Location Technology Market
  9.8.1. Saudi Arabia Micro-Location Technology Market
  9.8.2. South Africa Micro-Location Technology Market
  9.8.3. Rest of Middle East & Africa Micro-Location Technology Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. Company
  10.1.2. Company
  10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. Siemens AG
    10.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Recent Developments
  10.3.2. Cisco Systems Inc
  10.3.3. Zebra Technologies
  10.3.4. Ubisense Group
  10.3.5. Estimote Inc
  10.3.6. Camco Technologies
  10.3.7. Humatics Corporation
  10.3.8. Ruckus Networks
  10.3.9. Aruba Networks
  10.3.10. Centrak Inc

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Micro-Location Technology Market, report scope
TABLE 2. Global Micro-Location Technology Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Micro-Location Technology Market estimates & forecasts by Component 2020-2030 (USD Billion)
TABLE 4. Global Micro-Location Technology Market estimates & forecasts by Technology 2020-2030 (USD Billion)
TABLE 5. Global Micro-Location Technology Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global Micro-Location Technology Market estimates & forecasts by Industry Vertical 2020-2030 (USD Billion)
TABLE 7. Global Micro-Location Technology Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Micro-Location Technology Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Micro-Location Technology Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Micro-Location Technology Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Micro-Location Technology Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Micro-Location Technology Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Micro-Location Technology Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Micro-Location Technology Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Micro-Location Technology Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Micro-Location Technology Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Micro-Location Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Micro-Location Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Micro-Location Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Micro-Location Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Micro-Location Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Micro-Location Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Micro-Location Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Micro-Location Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Micro-Location Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Micro-Location Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Micro-Location Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Micro-Location Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Micro-Location Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Micro-Location Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Micro-Location Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Micro-Location Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Micro-Location Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Micro-Location Technology Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Micro-Location Technology Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. 12. List of secondary sources, used in the study of global Micro-Location Technology Market
TABLE 72. 12. List of primary sources, used in the study of global Micro-Location Technology Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Micro-Location Technology Market, research methodology
FIG 2. Global Micro-Location Technology Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Micro-Location Technology Market, key trends 2022
FIG 5. Global Micro-Location Technology Market, growth prospects 2023-2030
FIG 6. Global Micro-Location Technology Market, porters 5 force model
FIG 7. Global Micro-Location Technology Market, pest analysis
FIG 8. Global Micro-Location Technology Market, value chain analysis
FIG 9. Global Micro-Location Technology Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Micro-Location Technology Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Micro-Location Technology Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Micro-Location Technology Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Micro-Location Technology Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Micro-Location Technology Market, regional snapshot 2020 & 2030
FIG 15. North America Micro-Location Technology Market 2020 & 2030 (USD Billion)
FIG 16. Europe Micro-Location Technology Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Micro-Location Technology Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Micro-Location Technology Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Micro-Location Technology Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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