Market Overview:
The global LBS market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The market growth is attributed to the increasing demand for location-based services across different industry verticals. The GPS segment is expected to hold the largest share of the global LBS market in 2018, owing to its widespread adoption for various applications such as transportation and logistics, manufacturing, government and public utilities, retail, healthcare and life sciences, IT and telecom, BFSI, and others. However, the enhanced GPS (E-GPS) segment is projected to grow at a higher CAGR during the forecast period from 2018 to 2030 due in part to its growing demand from automotive applications.
Product Definition:
LBS stands for "Lines per Square Inch." It is a unit of measurement used to calculate the resolution of an image. The higher the LBS, the more detail you can see in an image.
Global LBS Market Size Growth Rate by Technology: 2016 VS 2021 VS 2027:
The global LBS market size was valued at USD 11.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 28.1% from 2021 to 2027. The increasing use of location-based services by smartphone manufacturers, internet service providers, and other companies has been fueling the demand for Location-Based Services (LBS). Moreover, the growing adoption of IoT devices across several industries is also driving the market growth.
GPS:
Global positioning system (GPS) is a satellite-based navigation system that provides information about the location of a device. It works on the principle of transmitting signals with the help of satellites and receiving signals which are then decoded using an antenna. The primary components involved in GPS are receiver, transmitter, and antenna. These devices use various technologies such as radio frequency to receive transmissions from satellites and determine their locations on earth’s surface.
Application Insights:
The transportation and logistics segment dominated the global LBS market in terms of revenue share in 2016. The growth can be attributed to the increasing usage of smartphones, which provide real-time location information for moving vehicles, thereby enabling improved efficiency and effectiveness in transport and logistics activities. Furthermore, with the help of applications such as Waze by Google LLC., users are able to receive real-time information regarding police traps or hazards on the road ahead. This has led to increased adoption among drivers for providing better directions thereby boosting segment growth over the forecast period.
The manufacturing sector is also expected to witness significant growth owing to various advantages offered by Location Based Services (LBS) such as tracking products throughout their supply chain; monitoring construction progress at a specific site; or identifying areas where waste needs disposal from an industrial perspective at a given time ensuring safety & security along with improving overall productivity across industries globally over next few years.
Regional Analysis:
North America dominated the global Location Based Services (LBS) market in terms of revenue share in 2016. The growth can be attributed to the presence of prominent players such as Google Inc., Apple Inc., and Qualcomm Technologies, Inc. These companies are actively investing in research & development activities to develop advanced LBS solutions for various applications such as fleet tracking and management, traffic monitoring & navigation, delivery tracking & tracing, emergency assistance among others. Moreover rising need for real-time information across a large number of enterprises has led to an increase in adoption of these services across this region.
Asia Pacific is expected to emerge as a lucrative regional market over the forecast period owing to increasing smartphone penetration rates coupled with growing demand for mobile based applications.
Growth Factors:
- Increasing demand for location-based services from the retail sector to enhance customer experience and improve operational efficiency.
- Proliferation of smartphones and other connected devices, coupled with the development of innovative location-based applications, is driving demand for LBS services.
- Growing demand for LBS among transportation and logistics companies to optimize delivery routes and track shipments in real time.
- Increasing adoption of LBS by enterprises for workforce management, such as tracking employees’ locations and managing shift schedules.
Scope Of The Report
Report Attributes
Report Details
Report Title
LBS Market Research Report
By Type
Global LBS Market Size Growth Rate by Technology: 2016 VS 2021 VS 2027, GPS, Assisted GPS (A-GPS), Enhanced GPS (E-GPS), Wi-Fi, Others
By Application
Transportation & Logistics, Manufacturing, Government & Public Utilities, Retail, Healthcare & Life Sciences, IT & Telecom, BFSI, Others
By Companies
Alibaba Group, Apple, Foursquare, Google, HERE, Aisle411, Baidu, Dianping, Etisalat, Facebook, Intel, MazeMap, Micello, MTN Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global LBS Market Report Segments:
The global LBS market is segmented on the basis of:
Types
Global LBS Market Size Growth Rate by Technology: 2016 VS 2021 VS 2027, GPS, Assisted GPS (A-GPS), Enhanced GPS (E-GPS), Wi-Fi, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transportation & Logistics, Manufacturing, Government & Public Utilities, Retail, Healthcare & Life Sciences, IT & Telecom, BFSI, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alibaba Group
- Apple
- Foursquare
- Google
- HERE
- Aisle411
- Baidu
- Dianping
- Etisalat
- Facebook
- Intel
- MazeMap
- Micello
- MTN Group
Highlights of The LBS Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Global LBS Market Size Growth Rate by Technology: 2016 VS 2021 VS 2027
- GPS
- Assisted GPS (A-GPS)
- Enhanced GPS (E-GPS)
- Wi-Fi
- Others
- By Application:
- Transportation & Logistics
- Manufacturing
- Government & Public Utilities
- Retail
- Healthcare & Life Sciences
- IT & Telecom
- BFSI
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LBS Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Some of the key players operating in the lbs market are Alibaba Group, Apple, Foursquare, Google, HERE, Aisle411, Baidu, Dianping, Etisalat, Facebook, Intel, MazeMap, Micello, MTN Group.
The lbs market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LBS Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 LBS Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LBS Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the LBS Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global LBS Market Size & Forecast, 2018-2028
4.5.1 LBS Market Size and Y-o-Y Growth
4.5.2 LBS Market Absolute $ Opportunity
Chapter 5 Global LBS Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 LBS Market Size Forecast by Type
5.2.1 Global LBS Market Size Growth Rate by Technology: 2016 VS 2021 VS 2027
5.2.2 GPS
5.2.3 Assisted GPS (A-GPS)
5.2.4 Enhanced GPS (E-GPS)
5.2.5 Wi-Fi
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LBS Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 LBS Market Size Forecast by Applications
6.2.1 Transportation & Logistics
6.2.2 Manufacturing
6.2.3 Government & Public Utilities
6.2.4 Retail
6.2.5 Healthcare & Life Sciences
6.2.6 IT & Telecom
6.2.7 BFSI
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LBS Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 LBS Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America LBS Analysis and Forecast
9.1 Introduction
9.2 North America LBS Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America LBS Market Size Forecast by Type
9.6.1 Global LBS Market Size Growth Rate by Technology: 2016 VS 2021 VS 2027
9.6.2 GPS
9.6.3 Assisted GPS (A-GPS)
9.6.4 Enhanced GPS (E-GPS)
9.6.5 Wi-Fi
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America LBS Market Size Forecast by Applications
9.10.1 Transportation & Logistics
9.10.2 Manufacturing
9.10.3 Government & Public Utilities
9.10.4 Retail
9.10.5 Healthcare & Life Sciences
9.10.6 IT & Telecom
9.10.7 BFSI
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe LBS Analysis and Forecast
10.1 Introduction
10.2 Europe LBS Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe LBS Market Size Forecast by Type
10.6.1 Global LBS Market Size Growth Rate by Technology: 2016 VS 2021 VS 2027
10.6.2 GPS
10.6.3 Assisted GPS (A-GPS)
10.6.4 Enhanced GPS (E-GPS)
10.6.5 Wi-Fi
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe LBS Market Size Forecast by Applications
10.10.1 Transportation & Logistics
10.10.2 Manufacturing
10.10.3 Government & Public Utilities
10.10.4 Retail
10.10.5 Healthcare & Life Sciences
10.10.6 IT & Telecom
10.10.7 BFSI
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific LBS Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LBS Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific LBS Market Size Forecast by Type
11.6.1 Global LBS Market Size Growth Rate by Technology: 2016 VS 2021 VS 2027
11.6.2 GPS
11.6.3 Assisted GPS (A-GPS)
11.6.4 Enhanced GPS (E-GPS)
11.6.5 Wi-Fi
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific LBS Market Size Forecast by Applications
11.10.1 Transportation & Logistics
11.10.2 Manufacturing
11.10.3 Government & Public Utilities
11.10.4 Retail
11.10.5 Healthcare & Life Sciences
11.10.6 IT & Telecom
11.10.7 BFSI
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America LBS Analysis and Forecast
12.1 Introduction
12.2 Latin America LBS Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America LBS Market Size Forecast by Type
12.6.1 Global LBS Market Size Growth Rate by Technology: 2016 VS 2021 VS 2027
12.6.2 GPS
12.6.3 Assisted GPS (A-GPS)
12.6.4 Enhanced GPS (E-GPS)
12.6.5 Wi-Fi
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America LBS Market Size Forecast by Applications
12.10.1 Transportation & Logistics
12.10.2 Manufacturing
12.10.3 Government & Public Utilities
12.10.4 Retail
12.10.5 Healthcare & Life Sciences
12.10.6 IT & Telecom
12.10.7 BFSI
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) LBS Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LBS Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) LBS Market Size Forecast by Type
13.6.1 Global LBS Market Size Growth Rate by Technology: 2016 VS 2021 VS 2027
13.6.2 GPS
13.6.3 Assisted GPS (A-GPS)
13.6.4 Enhanced GPS (E-GPS)
13.6.5 Wi-Fi
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) LBS Market Size Forecast by Applications
13.10.1 Transportation & Logistics
13.10.2 Manufacturing
13.10.3 Government & Public Utilities
13.10.4 Retail
13.10.5 Healthcare & Life Sciences
13.10.6 IT & Telecom
13.10.7 BFSI
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 LBS Market: Competitive Dashboard
14.2 Global LBS Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alibaba Group
14.3.2 Apple
14.3.3 Foursquare
14.3.4 Google
14.3.5 HERE
14.3.6 Aisle411
14.3.7 Baidu
14.3.8 Dianping
14.3.9 Etisalat
14.3.10 Facebook
14.3.11 Intel
14.3.12 MazeMap
14.3.13 Micello
14.3.14 MTN Group
