Real Time Location Systems In Transportation And Logistics Global Market Report 2024

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Global Real Time Location Systems In Transportation And Logistics Market Report 2024

Real Time Location Systems In Transportation And Logistics Global Market Report 2024 – By Type (Systems, Tags), By Deployment (On-Premises, Cloud Based), By Application (Asset And Inventory Tracking, Personnel Tracking, Fleet Management, Other Applications), By End-User (Logistics And Transportation Companies, Retailers, Manufacturing Companies, Other End Users) – Market Size, Trends, And Global Forecast 2024-2033

Real Time Location Systems In Transportation And Logistics Global Market Report 2024

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Real Time Location Systems In Transportation And Logistics Market Definition And Segments

Real-time location systems (RTLS) in transportation and logistics refer to technologies and solutions that track, monitor, and manage the real-time location of assets, vehicles, and personnel within the transportation and logistics industry. These systems provide accurate and up-to-date information about the whereabouts and movements of assets throughout the supply chain, enabling logistics organizations to optimize routing, improve fleet efficiency, and enhance overall transportation operations.

The main types of real-time location systems in the transportation and logistics market are systems and tags. Systems refer to the overall infrastructure and software used to track and manage the location of assets or vehicles in real time. The various deployment modes are on-premises, cloud-based used in various applications including asset and inventory tracking, personnel tracking, fleet management, and other applications, and are used by various end-users such as logistics and transportation companies, retailers, manufacturing companies, and other end users.

The real time location systems in transportation and logistics market covered in this report is segmented –

1) By Type: Systems, Tags

2) By Deployment: On-Premises, Cloud Based

3) By Application: Asset And Inventory Tracking, Personnel Tracking, Fleet Management, Other Applications

4) By End-User: Logistics And Transportation Companies, Retailers, Manufacturing Companies, Other End Users

The real time location systems in transportation and logistics market size has grown rapidly in recent years. It will grow from $5.30 billion in 2023 to $5.99 billion in 2024 at a compound annual growth rate (CAGR) of 13.03%. The growth in the historic period can be attributed to increasing demand for supply chain visibility, growing need for efficient fleet management, regulatory requirements, and rising adoption of the Internet of Things (IoT).

The real time location systems in transportation and logistics market size is expected to see rapid growth in the next few years. It will grow to $9.88 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. The growth in the forecast period can be attributed to the expansion of e-commerce, integration of AI and machine learning, embrace of autonomous vehicles, shift towards green logistics, and rise in global trade. Major trends in the forecast period include increased use of blockchain for secure tracking, the emergence of 5G technology for faster data transmission, adoption of edge computing for real-time analytics, implementation of augmented reality for enhanced navigation, growth of predictive analytics for proactive decision-making.

Manufacturing Automation Boosts Logistics Tracking Demand

The adoption of automation in the manufacturing sector is expected to propel the growth of real-time location systems in the transportation and logistics market. Automation in manufacturing refers to using technology and machinery to perform tasks traditionally carried out by humans, aiming to increase efficiency, productivity, and consistency in production processes. The increase in the adoption of automation in manufacturing is due to the improved productivity, quality, flexibility, and cost-efficiency that automation technologies offer in a competitive and rapidly evolving market landscape. Automation in the manufacturing sector creates opportunities for synergy with real-time location systems in transportation and logistics, enabling more efficient and responsive supply chain operations to meet the demands of modern manufacturing processes. For instance, in September 2023, the International Federation of Robotics, a Germany-based non-profit organization, reported in the World Robotics Report 2023 that there were 553,052 industrial robot installations in factories worldwide, which is 5% higher than in 2022. Therefore, the adoption of automation in the manufacturing sector is driving the growth of real-time location systems in the transportation and logistics market.

Major companies operating in the real time location systems in transportation and logistics market are Zebra Technologies Corporation, Trimble Transportation, Samsung Networks, Geotab Inc., Samsara, Omnitracs LLC, Transporeon GmbH, Descartes Systems Group, CalAmp Corporation, Spireon, ORBCOMM Inc., Teletrac Navman, Verizon Connect, Lojack Corporation, Tyco Security Products, I.D. Systems Inc., Fleet Complete, Convergence Systems Limited, FourKites Inc., ThingMagic Inc., Geoforce Inc., Ubisense, Mojix, Airista Flow Inc., DecaWave Ltd., Essensium NV, CSR Group, Awarepoint Corporation, BeSpoon SAS, TrackX Holdings Inc.

Impinj Launches Advanced RAIN RFID Reader Chips For Improved Logistics

Major companies operating in real-time location systems in the transportation and logistics market are focused on developing radio frequency identification chips, such as the E710, E510, and E310 reader chips, to increase their profitability in the market. The E710, E510, and E310 reader chips are designed to enable the development of RFID readers with varying capabilities to meet the needs of different applications and use cases. For instance, in June 2021, Iminj Inc., a US-based company developing and manufacturing RAIN RFID solutions, launched the E710, E510, and E310 reader chips that offer outstanding performance and user-friendly features, meeting the growing need for item connectivity in the retail, supply chain, logistics, and consumer electronics industries. These new reader chips facilitate the design of IoT devices that enhance connectivity and enable innovative solutions across different sectors.

Paragon ID Acquires Tracktio To Enhance Real-Time Tracking And Geolocation Capabilities

In July 2022, Paragon ID, a France-based identification solution company, acquired Tracktio for an undisclosed amount. With this acquisition, Paragon aims to extend its real-time tracking solutions to incorporate additional technologies, allowing it to combine expertise to develop a complete geolocation platform that integrates all available technologies effectively. Tracktio is a France-based company that specializes in real-time location system solutions.

North America was the largest region in the real time location systems in transportation and logistics market in 2023. The regions covered in the real time location systems in transportation and logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the real time location systems in transportation and logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The real-time location systems in the transportation and logistics market consist revenues earned by entities through asset tracking, fleet management, route optimization, and supply chain visibility solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. The real-time location systems in the transportation and logistics market includes of sales of wireless sensor networks, telematics systems, RFID tags, and readers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The real-time location systems in the transportation and logistics market research report is one of a series of new reports from The Business Research Company that provides real-time location systems in the transportation and logistics market statistics, including the real-time location systems in the transportation and logistics industry global market size, regional shares, competitors with a real-time location systems in the transportation and logistics market share, detailed real-time location systems in the transportation and logistics market segments, market trends and opportunities, and any further data you may need to thrive in the real-time location systems in the transportation and logistics industry. This real-time location system in the transportation and logistics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Real Time Location Systems In Transportation And Logistics Market Report Scope

Report Attribute	Details
Market Size Value In 2024	$5.99 billion
Revenue Forecast In 2033	$9.88 billion
Growth Rate	CAGR of 13.3% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Type: Systems, Tags 2) By Deployment: On-Premises, Cloud Based 3) By Application: Asset And Inventory Tracking, Personnel Tracking, Fleet Management, Other Applications 4) By End-User: Logistics And Transportation Companies, Retailers, Manufacturing Companies, Other End Users
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled	Zebra Technologies Corporation; Trimble Transportation; Samsung Networks; Geotab Inc; Samsara; Omnitracs LLC; Transporeon GmbH; Descartes Systems Group; CalAmp Corporation; Spireon; ORBCOMM Inc; Teletrac Navman; Verizon Connect; Lojack Corporation; Tyco Security Products; I.D. Systems Inc; Fleet Complete; Convergence Systems Limited; FourKites Inc; ThingMagic Inc; Geoforce Inc; Ubisense; Mojix; Airista Flow Inc; DecaWave Ltd; Essensium NV; CSR Group; Awarepoint Corporation; BeSpoon SAS; TrackX Holdings Inc.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

Table Of Contents

1. Executive Summary

2. Real Time Location Systems In Transportation And Logistics Market Characteristics

3. Real Time Location Systems In Transportation And Logistics Market Trends And Strategies

4. Real Time Location Systems In Transportation And Logistics Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Real Time Location Systems In Transportation And Logistics Market Size and Growth

5.1. Global Real Time Location Systems In Transportation And Logistics Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Real Time Location Systems In Transportation And Logistics Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Real Time Location Systems In Transportation And Logistics Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Real Time Location Systems In Transportation And Logistics Market Segmentation

6.1. Global Real Time Location Systems In Transportation And Logistics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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Frequently Asked Questions

What is the definition of the real time location systems in transportation and logistics market?

How will the real time location systems in transportation and logistics market drivers and restraints affect the real time location systems in transportation and logistics market dynamics? What forces will shape the real time location systems in transport

The real time location systems in transportation and logistics market major growth driver - Manufacturing Automation Boosts Logistics Tracking Demand. For further insights on the real time location systems in transportation and logistics market, request a sample here

What is the forecast market size or the forecast market value of the real time location systems in transportation and logistics market?

The real time location systems in transportation and logistics market size has grown rapidly in recent years. It will grow from $5.30 billion in 2023 to $5.99 billion in 2024 at a compound annual growth rate (CAGR) of 13.03%. The growth in the historic period can be attributed to increasing demand for supply chain visibility, growing need for efficient fleet management, regulatory requirements, and rising adoption of the Internet of Things (IoT). The real time location systems in transportation and logistics market size is expected to see rapid growth in the next few years. It will grow to $9.88 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. The growth in the forecast period can be attributed to the expansion of e-commerce, integration of AI and machine learning, embrace of autonomous vehicles, shift towards green logistics, and rise in global trade. Major trends in the forecast period include increased use of blockchain for secure tracking, the emergence of 5G technology for faster data transmission, adoption of edge computing for real-time analytics, implementation of augmented reality for enhanced navigation, growth of predictive analytics for proactive decision-making. For further insights on the real time location systems in transportation and logistics market, request a sample here

How is the real time location systems in transportation and logistics market segmented?

The real time location systems in transportation and logistics market is segmented
1) By Type: Systems, Tags
2) By Deployment: On-Premises, Cloud Based
3) By Application: Asset And Inventory Tracking, Personnel Tracking, Fleet Management, Other Applications
4) By End-User: Logistics And Transportation Companies, Retailers, Manufacturing Companies, Other End UsersFor further insights on the real time location systems in transportation and logistics market, request a sample here

Which region has the largest share of the real time location systems in transportation and logistics market? What are the other regions covered in the report?

North America was the largest region in the real time location systems in transportation and logistics market in 2023. The regions covered in the real time location systems in transportation and logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. For further insights on the real time location systems in transportation and logistics market, request a sample here.

Who are the major players in the real time location systems in transportation and logistics market?

What are the key trends in the real time location systems in transportation and logistics market?

Major trend in the real time location systems in transportation and logistics market - Impinj Launches Advanced RAIN RFID Reader Chips For Improved Logistics. For further insights on the real time location systems in transportation and logistics market, request a sample here.

What are the major opportunities in the real time location systems in transportation and logistics market? What are the strategies for the real time location systems in transportation and logistics market?

For detailed insights on the major opportunities and strategies in the real time location systems in transportation and logistics market, request a sample here.

How does the real time location systems in transportation and logistics market relate to the overall economy and other similar markets?

For detailed insights on real time location systems in transportation and logistics market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the real time location systems in transportation and logistics industry?

For detailed insights on the mergers and acquisitions in the real time location systems in transportation and logistics industry, request a sample here.

What are the key dynamics influencing the real time location systems in transportation and logistics market growth? SWOT analysis of the real time location systems in transportation and logistics market.

For detailed insights on the key dynamics influencing the real time location systems in transportation and logistics market growth and SWOT analysis of the real time location systems in transportation and logistics industry, request a sample here.