PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1587869
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1587869
Real Time Location Systems Market, By Offering, By Technology, By Application, By Geography
Global real time location systems market is estimated to be valued at US$ 6.03 Bn in 2024 and is expected to reach US$ 16.82 Bn by 2031, exhibiting a compound annual growth rate (CAGR) 15.8% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 6.03 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 15.80% | 2031 Value Projection: | US$ 16.82 Bn |
Real time location systems (RTLS) help track and identify the location of objects or people in real time. These systems use various technologies including RFID, Wi-Fi, ultrasound, infrared, and others to track assets and personal belongings. RTLS find applications across various industries such as healthcare, retail, manufacturing, and transportation & logistics. The increase in adoption of IoT and automation across industries is a key factor driving the growth of this market. Additionally, growing need for inventory management has led to increased deployment of RTLS. However, issues related to connectivity and data security act as challenges for the real time location systems market.
Market Dynamics:
Global real time location systems market is driven by various factors such as growing need for asset management across industries, rise in adoption of IoT and automation, and stringent safety and security regulations. However, high initial costs and connectivity issues are expected to restrain the market growth. Emergence of 5G networks and increased adoption of RTLS for supply chain management are estimated to create significant growth opportunities for players operating in this market. Technologies like Bluetooth and near-field communication have witnessed increasing demand for real time location tracking, especially in retail stores and warehouses.
Key Features of the Study:
This report provides in-depth analysis of the global real time location systems market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global real time location systems market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Zebra Technologies Corporation, CenTrak, Midmark Corporation, Intelligent Insites, Sonitor Technologies, Versus Technology, Motorola Solutions, Awarepoint Corporation, and BeSpoon
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global real time location systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global real time location systems market
Market Segmentation
- By Offering Insights (Revenue, USD, 2019 - 2031)
- Services
- Software
- Hardware
- By Technology Insights (Revenue, USD, 2019 - 2031)
- RFID
- Wi-Fi
- UWB
- BLE
- Infrared
- Ultrasound
- GPS
- By Application Insights (Revenue, USD, 2019 - 2031)
- Inventory/Asset Tracking & Management
- Personnel Locating & Monitoring
- Access Control & Security
- Environmental Monitoring
- Yard, Dock, Fleet, and Warehouse Management & Monitoring
- Supply Chain Management & Automation
- Regional Insights (Revenue, USD, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players
- Zebra Technologies Corporation
- CenTrak
- Midmark Corporation
- Intelligent Insites
- Sonitor Technologies
- Versus Technology
- Motorola Solutions
- Awarepoint Corporation
- BeSpoon
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Offering
- Market Snippet, By Technology
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Recent Developments/Update
- Industry Trend
4. Global Real Time Location Systems Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Real Time Location Systems Market - COVID-19
- Impact Analysis
5. Global Real Time Location Systems Market, By Offering, 2019-2031, (USD)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Services
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Software
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Hardware
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
6. Global Real Time Location Systems Market, By Technology, 2019-2031, (USD BN)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- RFID
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Wi-Fi
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- UWB
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- BLE
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Infrared
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Ultrasound
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
- GPS
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
7. Global Real Time Location Systems Market, By Application, 2019-2031, (USD BN)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Inventory/Asset Tracking & Management
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
- Personnel Locating & Monitoring
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Access Control & Security
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Environmental Monitoring
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Yard, Dock, Fleet, and Warehouse Management & Monitoring
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Supply Chain Management & Automation
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
8. Global Real Time Location Systems Market, By Region, 2019 - 2031, Value (USD BN)
- Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Offering , 2019 - 2031, Value (USD BN)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD BN)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD BN)
- Countries
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Offering, 2019 - 2031, Value (USD BN)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD BN)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD BN)
- Countries
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Offering, 2019 - 2031, Value (USD BN)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD BN)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD BN)
- Countries
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Offering, 2019 - 2031, Value (USD BN)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD BN)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD BN)
- Countries
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Offering, 2019 - 2031, Value (USD BN)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD BN)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD BN)
- Countries
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Offering, 2019 - 2031, Value (USD BN)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD BN)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD BN)
- Countries
- South Africa
- North Africa
- Central Africa
9. Competitive Landscape
- Zebra Technologies Corporation
- Company Highlights
- Product Portfolio
- Recent Developments/ Update
- CenTrak
- Company Highlights
- Product Portfolio
- Recent Developments/ Update
- Midmark Corporation
- Company Highlights
- Product Portfolio
- Recent Developments/ Update
- Intelligent Insites
- Company Highlights
- Product Portfolio
- Recent Developments/ Update
- Sonitor Technologies
- Company Highlights
- Product Portfolio
- Recent Developments/ Update
- Versus Technology
- Company Highlights
- Product Portfolio
- Recent Developments/ Update
- Motorola Solutions
- Company Highlights
- Product Portfolio
- Recent Developments/ Update
- Awarepoint Corporation
- Company Highlights
- Product Portfolio
- Recent Developments/ Update
- BeSpoon
- Company Highlights
- Product Portfolio
- Recent Developments/ Update
10. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. References and Research Methodology
- References
- Research Methodology
- About us
