South & Central America Real-Time Location Systems Market Forecast to 2030 - Regional Analysis - by Offering, Technology, Industry Vertical, and Application

Description

List of Tables

The South & Central America real-time location systems market was valued at US$ 240.28 million in 2022 and is expected to reach US$ 1,780.62 million by 2030; it is estimated to record a CAGR of 28.4% from 2022 to 2030 .

Emergence of 5G Fuels South & Central America Real-Time Location Systems Market

The 5G network is ~ 100 times faster than the 4G network, making real-time data acquisition easier. As the 5G network provides strong connectivity and high-speed data transfer, its demand is increasing across the world. According to Groupe Speciale Mobile Association (GSMA), 5G penetration across the world is expected to reach 54% by 2030 from 17% in 2022. As 5G is the critical new-generation network technology that can enable innovation and support digital transformation, its demand is increasing across the world. Therefore, the governments of various countries are investing in 5G infrastructure. Growing investments in 5G will help improve connectivity and acquire real-time data, including real-time location tracking, which can be used for various applications, from navigation to emergency services. Therefore, the emergence of 5G network is expected to create lucrative opportunities for the real-time location systems market during the forecast period.

South & Central America Real-Time Location Systems Market Overview

The real-time location system market in SAM is segmented into Brazil, Argentina, and the Rest of SAM. With government support and foreign direct investments in countries in SAM, the region is witnessing an increase in infrastructure development. This has led to the growing construction of manufacturing facilities, commercial complexes, shopping malls, hospitals, educational institutions and universities, and government offices. For instance, in October 2022, Ardagh Glass announced its plan to construct its Brazilian glass manufacturing facility. The construction was set to start in November 2022, and the facility is expected to be operational by the end of 2023. Similarly, in May 2023, VINCI Airports announced that it had started working on modernization and expansion of Boa Vista Airport in Roraima, Brazil. It will include full renovation of the runway and the doubling of the passenger terminal area by expanding the departure lounge. The construction work is expected to be completed in the second half of 2024. Such construction activities need real-time location system to locate the equipment and workers on sight, which help ensure everything runs smoothly. These developments are anticipated to flourish the growth of the real-time location system market in the coming years.

The automotive sector in the region is witnessing strong growth. It is seen that various global automobile players are expanding their manufacturing facilities in the region. For instance, in February 2022, Chinese automaker Chery announced its plan to produce battery electric vehicles (BEV) in Argentina, with a production target of 50,000 units annually. In addition, the region houses the manufacturing facilities of several automotive players, such as Fiat, General Motors, Honda, Volkswagen, Renault, and Peugeot. Thus, the growing automotive industry in the region is expected to fuel the demand for real-time location systems as they help improve inventory management, tool and equipment tracking, damage detection, and many more. Hence, the growth of construction and automotive industries is further expected to fuel the growth of the real-time location system market during the forecast period.

South & Central America Real-Time Location Systems Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Real-Time Location Systems Market Segmentation

The South & Central America real-time location systems market is categorized into offering, technology, industry vertical, application, and country.

Based on offering, the South & Central America real-time location systems market is categorized into hardware, software, and services. The hardware segment held the largest market share in 2022.

By technology, the South & Central America real-time location systems market is segmented into RFID, UWB, BLE, Ultrasound, Infrared, GPS, Wi-Fi, and ZIGBEE. The BLE segment held the largest market share in 2022.

In terms of industry vertical, the South & Central America real-time location systems market is categorized into retail, government and defense, manufacturing, healthcare, logistics, heavy industries, construction, oil and gas, automotive, and others. The healthcare segment held the largest market share in 2022.

In terms of application, the South & Central America real-time location systems market is segmented into personnel/staff locating and monitoring, environmental monitoring, access control and security, warehouse management and monitoring, supply chain management and operational automation/visibility, and others. The supply chain management and operational automation/visibility management segment held the largest market share in 2022.

By country, the South & Central America real-time location systems market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America real-time location systems market share in 2022.

Aruba Networks, Qorvo Inc, Impinj Inc, Siemens AG, Zebra Technologies Corp, and Stanley Black & Decker Inc are some of the leading companies operating in the South & Central America real-time location systems market.

Product Code: BMIRE00028745

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. South & Central America Real-Time Location Systems Market Landscape

4.1 Overview
- 4.1.1 South & Central America
4.2 Ecosystem Analysis
4.3 Premium Insights
- 4.3.1 Analysis on Market Players in Manufacturing Industry

5. South & Central America Real-Time Location Systems Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rising Demand for Connected Devices
- 5.1.2 Growing E-Commerce Sector
- 5.1.3 Rising Safety and Security Concerns of Patients and Staff
5.2 Key Market Restraints
- 5.2.1 Rising Concerns Regarding Data Privacy and Security
5.3 Key Market Opportunities
- 5.3.1 Emergence of 5G
- 5.3.2 Technological Advancements Associated with RFID
5.4 Future Trends
- 5.4.1 Growing Use of RTLS in Healthcare Sector
5.5 Impact Analysis of Drivers and Restraints

6. Real-Time Location Systems Market - South & Central America Market Analysis

6.1 Real-Time Location Systems Market - South & Central America Revenue and Forecast to 2030 (US$ Million)

7. South & Central America Real-Time Location Systems Market Analysis - by Offering

7.1 Hardware
- 7.1.1 Overview
- 7.1.2 Hardware: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
7.2 Software
- 7.2.1 Overview
- 7.2.2 Software: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
7.3 Services
- 7.3.1 Overview
- 7.3.2 Services: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)

8. South & Central America Real-Time Location Systems Market Analysis - by Technology

8.1 RFID
- 8.1.1 Overview
- 8.1.2 RFID: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
8.2 UWB
- 8.2.1 Overview
- 8.2.2 UWB: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
8.3 BLE
- 8.3.1 Overview
- 8.3.2 BLE: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Ultrasound
- 8.4.1 Overview
- 8.4.2 Ultrasound: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
8.5 Infrared
- 8.5.1 Overview
- 8.5.2 Infrared: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
8.6 GPS
- 8.6.1 Overview
- 8.6.2 GPS: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
8.7 Wi-Fi
- 8.7.1 Overview
- 8.7.2 Wi-Fi: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
8.8 ZIGBEE
- 8.8.1 Overview
- 8.8.2 ZIGBEE: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)

9. South & Central America Real-Time Location Systems Market Analysis - by Industry Vertical

9.1 Retail
- 9.1.1 Overview
- 9.1.2 Retail: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
9.2 Government and Defense
- 9.2.1 Overview
- 9.2.2 Government and Defense: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
9.3 Manufacturing
- 9.3.1 Overview
- 9.3.2 Manufacturing: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
9.4 Healthcare
- 9.4.1 Overview
- 9.4.2 Healthcare: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
9.5 Logistics
- 9.5.1 Overview
- 9.5.2 Logistics: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
9.6 Heavy Industries
- 9.6.1 Overview
- 9.6.2 Heavy Industries: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
9.7 Construction
- 9.7.1 Overview
- 9.7.2 Construction: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
9.8 Oil and Gas
- 9.8.1 Overview
- 9.8.2 Oil and Gas: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
9.9 Automotive
- 9.9.1 Overview
- 9.9.2 Automotive: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
9.10 Others
- 9.10.1 Overview
- 9.10.2 Others: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)

10. South & Central America Real-Time Location Systems Market Analysis - by Application

10.1 Personnel/Staff Locating and Monitoring
- 10.1.1 Overview
- 10.1.2 Personnel/Staff Locating and Monitoring: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
10.2 Environmental Monitoring
- 10.2.1 Overview
- 10.2.2 Environmental Monitoring: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
10.3 Access Control and Security
- 10.3.1 Overview
- 10.3.2 Access Control and Security: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
10.4 Warehouse Management and Monitoring
- 10.4.1 Overview
- 10.4.2 Warehouse Management and Monitoring: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
10.5 Supply Chain Management and Operational Automation/Visibility
- 10.5.1 Overview
- 10.5.2 Supply Chain Management and Operational Automation/Visibility: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
10.6 Others
- 10.6.1 Overview
- 10.6.2 Others: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)

11. South & Central America Real-Time Location Systems Market - Country Analysis

11.1 South & Central America Market Overview
- 11.1.1 South & Central America: Real-Time Location Systems Market - Revenue and Forecast Analysis - by Country
  - 11.1.1.1 South & Central America: Real-Time Location Systems Market - Revenue and Forecast Analysis - by Country
  - 11.1.1.2 Brazil: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
    - 11.1.1.2.1 Brazil: Real-Time Location Systems Market Breakdown, by Offering
    - 11.1.1.2.2 Brazil: Real-Time Location Systems Market Breakdown, by Technology
    - 11.1.1.2.3 Brazil: Real-Time Location Systems Market Breakdown, by Technology
    - 11.1.1.2.4 Brazil: Real-Time Location Systems Market Breakdown, by Industry Vertical
    - 11.1.1.2.5 Brazil: Real-Time Location Systems Market Breakdown, by Application
  - 11.1.1.3 Argentina: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
    - 11.1.1.3.1 Argentina: Real-Time Location Systems Market Breakdown, by Offering
    - 11.1.1.3.2 Argentina: Real-Time Location Systems Market Breakdown, by Technology
    - 11.1.1.3.3 Argentina: Real-Time Location Systems Market Breakdown, by Technology
    - 11.1.1.3.4 Argentina: Real-Time Location Systems Market Breakdown, by Industry Vertical
    - 11.1.1.3.5 Argentina: Real-Time Location Systems Market Breakdown, by Application
  - 11.1.1.4 Rest of South & Central America: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
    - 11.1.1.4.1 Rest of South & Central America: Real-Time Location Systems Market Breakdown, by Offering
    - 11.1.1.4.2 Rest of South & Central America: Real-Time Location Systems Market Breakdown, by Technology
    - 11.1.1.4.3 Rest of South & Central America: Real-Time Location Systems Market Breakdown, by Technology
    - 11.1.1.4.4 Rest of South & Central America: Real-Time Location Systems Market Breakdown, by Industry Vertical
    - 11.1.1.4.5 Rest of South & Central America: Real-Time Location Systems Market Breakdown, by Application

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions

13. Company Profiles

13.1 Aruba Networks
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Qorvo Inc
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Impinj Inc
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Siemens AG
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Zebra Technologies Corp
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Stanley Black & Decker Inc
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments

14. Appendix

14.1 About The Insight Partners
14.2 Word Index