Location-based Services Market Outlook:
Location-based Services Market size was valued at USD 61.9 billion in 2025 and is projected to reach a valuation of USD 467.2 billion by the end of 2035, rising at a CAGR of 23.1% during the forecast period, i.e., 2026-2035. In 2026, the industry size of LBS is evaluated at USD 71.8 billion.
The LBS (location-based services) market is rising rapidly as companies embrace real-time information for logistics, retail, and public safety. For instance, Google Maps added sophisticated indoor navigation to U.S. airports and selected cities such as Tokyo and Zurich in September 2021, with AR overlays and dynamic rerouting that improved passenger flow and reduced missed connections by 12%. This move highlights the industry's focus on enhancing user experience with accuracy and immediacy. Governments are also investing in smart city infrastructure, and, according to the U.S. Department of Transportation's 2024 report, 67% of new city mobility initiatives include LBS-based analytics for routing optimization and safety. The convergence of 5G, IoT, and AI is fueling market adoption and enabling more nuanced, context-rich services.
