How big is the Location Technology Market | Global Analysis & Key Drivers 2025

Q: What is the current size of the location technology market?

It was valued at USD 21.4 Billion in 2024 and is projected to reach USD 53.2 Billion by 2031.

Q: What is the CAGR of the location technology market?

The location technology market is expected to grow at a CAGR of 13.9% from 2025 to 2031.

Q: What drives growth in the location technology market?

Smartphone proliferation, navigation needs in logistics, and growth of location-based advertising.

Q: What trends are shaping the location technology market?

5G-enabled positioning, AI-driven analytics, and spatial mapping in AR/VR.

Q: Which regions dominate the location technology market?

North America leads with strong enterprise adoption, while Asia-Pacific is growing rapidly with smart infrastructure investments.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA7798

Publication Date: Aug 2025

How big is the location technology market?

According to 6Wresearch internal database and industry insights, the Location Technology Market was valued at USD 21.4 Billion in 2024 and is expected to reach USD 53.2 Billion by 2031, growing at a compound annual growth rate of 13.9% during the forecast period of 2025 to 2031.

The market is expanding due to increasing integration of location-based services into consumer applications, advancements in satellite navigation and indoor positioning, and growing enterprise demand for location intelligence across sectors such as retail, logistics, and smart cities.

Key Growth Drivers of the Location Technology Market

Proliferation of smartphones and IoT devices with integrated location sensors
Rising demand for precise navigation in transportation and logistics
Growth of location-based advertising and personalized marketing campaigns
Deployment of smart city projects integrating geospatial and location data
Advancements in indoor positioning and real-time location tracking technologies

Location Technology Market Trends

Location technology market is witnessing trends such as the adoption of 5G to enhance real-time positioning accuracy, integration of AI and machine learning for predictive location analytics, and growth in AR/VR applications using spatial mapping. The satellite constellations and next-gen GNSS are transforming coverage across the globe and privacy, and data protection measures are influencing product development. Advanced location technology use is also being driven by expansion in autonomous cars and drone navigation.

Emerging Developments in the Location Technology Market

Location technology market is experiencing developments such as deployment of ultra-wideband (UWB) solutions for sub-meter accuracy, commercialization of space-based IoT for remote location tracking, and integration of blockchain for secure location data verification. The map service provider, telecom, and hardware making companies are creating the desired speed in strategic partnerships to innovate. There is an emerging push to integrate the use of location technology with data-driven environmental monitoring in sustainability-oriented applications.