Global Micro Location Technology Market Overview:
Micro Location Technology is the technology that helps in detecting or determining the location of an object within a few inches or centimeters unlike previous location technologies like GPS, which determine the location to few feet or meters. With the increasing investments and innovation in the Internet of Things, digitization, and automation the market of micro-location technology is expected to grow. Some of the players profiled in the study are Decawave (Ireland), Sewio Networks (Czech Republic), Zebra Technologies (United States), Apple Inc. (United States), Samsung Electronics (South Korea), Cisco Systems (United States), Google (United States), Cambridge Wireless (United Kingdom), CenTrak (United States) and Aruba Networks (United States).
On the basis of geography, the market of Micro Location Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Automotive Industry will boost the Micro Location Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Hardware, the sub-segment i.e. Receiver Hardware will boost the Micro Location Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offerings, the sub-segment i.e. Hardware will boost the Micro Location Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increase in Investment in Automation and Internet of Things
- Innovation in New Technologies
- People Paying High for Better Living Standards
- UWB is the New Technology which is catching the Eye Ball Because of its Better Accuracy
- Poor Digital Infrastructure in Developing Countries especially Africa
- Increasing Sales of Smartphones and Smart Devices
- Rise of E-Commerce Market as E-Commerce Players Use Essential Logistics Chains which can bring in Use of Micro Location Technology for Better Efficiency
- 5G and Ultra-Wideband Technologies are Emerging Revolution and are Promising Great Prospect for the Growth of Micro Location Technology Industry
- Lack of Interoperability between Different Equipment and Soft Wares
- High Initial Cost or Investment with Setting up of Micro Location Technology
Key Market Developments:
In 2020, Apple Watch Series 6 added a U1 chip which is an ultra-wideband-based chip for accurate location tracking of devices and use of a watch as a UWB key for secure locking mechanism of automobile vehicles.
Target Audience:Micro Location Technology Enabled Devices Manufacturers, Suppliers, and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Government Regulatory Bodies and End-Use Industries
Major Objectives Focused through this Study To define, describe, and forecast the Global Micro Location Technology market on the basis of product [Ultra Wideband Technology (UWB), Wi-Fi, Bluetooth Low Energy (BLE), Li-Fi, RFID, 5G, NFC and Others] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Micro Location Technology market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Micro Location Technology industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Infsoft (Germany), AeroScout Inc. (United States) and Ekahau, Inc. (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Micro Location Technology market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.