North America Real-Time Location Systems Market Forecast to 2030 - Regional Analysis - by Offering (Hardware, Software, and Services), Technology (RFID, UWB, BLE, Ultrasound, Infrared, GPS, Wi-Fi, and ZIGBEE), Industry Vertical (Retail, Government and Defense, Manufacturing, Healthcare, Logistics, Heavy Industries, Construction, Oil and Gas, Automotive, and Others), and Application (Personnel/Staff Locating and Monitoring, Access Control and Security, Environmental Monitoring, Warehouse Management and Monitoring, Supply Chain Management and Operational Automation/Visibility, and Others)

TIPRE00025557 | Pages: 123 | Electronics and Semiconductor | Aug 2024 | Type: Regional | Status: Published

The North America real-time location systems market was valued at US$ 1,688.93 million in 2022 and is expected to reach US$ 8,368.78 million by 2030; it is estimated to record a CAGR of 22.1% from 2022 to 2030.

Rising Demand for Connected Devices Fuels North America Real-Time Location Systems Market

The demand for connected devices, including smartphones; tablets; and different wearable devices such as smartwatches, fitness trackers, VR headsets, web-enabled glasses, smart jewelry, and Bluetooth headsets, is increasing across the world. Smartphones and tablets help the user accurately track location information in real time. The devices help the user to know the real-time traffic scenario and find the fastest route to the destination. It also assists parents to monitor the movement of their children through different location-tracking apps. Therefore, the adoption of smartphones and tablets is increasing tremendously. According to the Groupe Speciale Mobile Association (GSMA), smartphone adoption across the world was 76% in 2022, totaling 6.4 billion smartphone connections. The adoption is expected to rise to 92% by 2030, making 9 billion connections globally. According to the same report, smartphone adoption in North America was 84% in 2022 and is expected to climb to 90% by 2030. In many industries, wearables are used to track and manage personnel. For instance, miners can be tracked under deep tunnels and alerted if signs of distress occur. Similarly, wearables are used for dementia patients to track their location if they go missing or get themselves in danger and need emergency help. The demand for connected devices is increasing owing all the above benefits, which is fueling the growth of the North America real-time location systems market.

North America Real-Time Location Systems Market Overview

The real-time location systems market in North America is segmented into the US, Canada, and Mexico. North America is a technologically advanced region owing to factors such as a positive outlook for advanced hardware adoption, a high inclination toward technological innovation, high GDP, developed infrastructure, and favorable economic policies. The region has a highly developed manufacturing sector. The sector integrates real-time location systems to maintain a robust supply chain across verticals. For instance, in 2020, ILR Industries, a manufacturer of plastic products, deployed a real-time location system at its manufacturing facility in Hamilton, Ontario, Canada for monitoring and adhering to COVID-19 precautionary practices. The retail sector in North America is a major adopter of tracking Hardware, which facilitates data transfer and details from tags attached to objects using scanning systems, thereby enabling automatic identification and tracking. According to the International Trade Administration (ITA), in 2022, there were ~27 million e-commerce users in Canada, accounting for 75% of the Canadian population, and the number is expected to reach 77.6% by 2025. In March 2022, e-commerce sales were ~US$ 2.34 billion and are estimated to reach US$ 40.3 billion by 2025.

North America has a well-established healthcare industry. Inventory management operations are efficiently performed using advanced technologies, which act as a prerequisite for several decision-making processes. Hospitals in the region are highly inclined toward implementing the best practices in the hospital supply management system to allow efficient inventory management. They are deploying a real-time location system, which can help healthcare professionals in the institution search for equipment in less time. In addition, the RTLS solution can also help track and monitor critical patients in ICU or patients with dementia and mental distress. The rising use of real-time location systems in healthcare infrastructure is supporting the growth of the real-time location system market. Moreover, North America has a highly matured construction industry. As the region is known for its high emphasis on labor safety, the demand for real-time location tracking is high, which may further contribute to the adoption of real-time location systems. All these factors are propelling the growth of the North America real-time location systems market.

The healthcare sector in North America is experiencing significant growth. Several companies in North America are investing in new technologies in RLTS. For instance, Enlighted, one of the leading prop-tech companies owned by Siemens, announced the extended use of artificial intelligence (AI) in the company's location intelligence solution. With the integration of AI models into Enlighted's RTLS system, the precision of finding assets and personnel has been recorded to be more than 98%. These AI capabilities are built on the existing Enlighted Temperature Control solution, that allows occupants to control workplace comfort.

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

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

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North America Real-Time Location Systems Market Segmentation 

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

Based on offering, the North 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 North 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 North 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 North 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 North America real-time location systems market is segmented into the US, Canada, and Mexico. The US dominated the North America real-time location systems market share in 2022.

Aruba Networks, AiRISTA Flow Inc, Qorvo Inc, Impinj Inc, Siemens AG, Zebra Technologies Corp, Sonitor Technologies AS, Stanley Black & Decker Inc, TeleTracking Technologies Inc, and Ubisense Ltd are some of the leading companies operating in the North America real-time location systems market.   

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.           North America Real-Time Location Systems Market Landscape

4.1       Overview

4.2       PEST Analysis

4.2.1         North America

4.3       Ecosystem Analysis

4.4       Premium Insights

4.4.1         Analysis on Market Players in Manufacturing Industry

5.           North America Real-Time Location Systems Market – Key Market Dynamics

5.1       Market Drivers

5.1.1         Rising Demand for Connected Devices

5.1.2         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 – North America Market Analysis

6.1       Real-Time Location Systems Market –Revenue and Forecast to 2030 (US$ Million)

7.           North 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.           North 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.           North 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.        North 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.        North America Real-Time Location Systems Market – Country Analysis

11.1     North America Market Overview

11.1.1       North America: Real-Time Location Systems Market – Revenue and Forecast Analysis – by Country

11.1.1.1          North America: Real-Time Location Systems Market – Revenue and Forecast Analysis – by Country

11.1.1.2          United States: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

11.1.1.2.1        United States: Real-Time Location Systems Market Breakdown, by Offering

11.1.1.2.2        United States: Real-Time Location Systems Market Breakdown, by Technology

11.1.1.2.3        United States: Real-Time Location Systems Market Breakdown, by Technology

11.1.1.2.4        United States: Real-Time Location Systems Market Breakdown, by Industry Vertical

11.1.1.2.5        United States: Real-Time Location Systems Market Breakdown, by Application

11.1.1.3          Canada: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

11.1.1.3.1        Canada: Real-Time Location Systems Market Breakdown, by Offering

11.1.1.3.2        Canada: Real-Time Location Systems Market Breakdown, by Technology

11.1.1.3.3        Canada: Real-Time Location Systems Market Breakdown, by Technology

11.1.1.3.4        Canada: Real-Time Location Systems Market Breakdown, by Industry Vertical

11.1.1.3.5        Canada: Real-Time Location Systems Market Breakdown, by Application

11.1.1.4          Mexico: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

11.1.1.4.1        Mexico: Real-Time Location Systems Market Breakdown, by Offering

11.1.1.4.2        Mexico: Real-Time Location Systems Market Breakdown, by Technology

11.1.1.4.3        Mexico: Real-Time Location Systems Market Breakdown, by Technology

11.1.1.4.4        Mexico: Real-Time Location Systems Market Breakdown, by Industry Vertical

11.1.1.4.5        Mexico: 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     AiRISTA Flow 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     Qorvo 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     Impinj Inc

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     Siemens AG

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     Zebra Technologies Corp

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

13.7     Sonitor Technologies AS

13.7.1       Key Facts

13.7.2       Business Description

13.7.3       Products and Services

13.7.4       Financial Overview

13.7.5       SWOT Analysis

13.7.6       Key Developments

13.8     Stanley Black & Decker Inc

13.8.1       Key Facts

13.8.2       Business Description

13.8.3       Products and Services

13.8.4       Financial Overview

13.8.5       SWOT Analysis

13.8.6       Key Developments

13.9     TeleTracking Technologies Inc

13.9.1       Key Facts

13.9.2       Business Description

13.9.3       Products and Services

13.9.4       Financial Overview

13.9.5       SWOT Analysis

13.9.6       Key Developments

13.10  Ubisense Ltd

13.10.1    Key Facts

13.10.2    Business Description

13.10.3    Products and Services

13.10.4    Financial Overview

13.10.5    SWOT Analysis

13.10.6    Key Developments

14.        Appendix

14.1     About The Insight Partners

14.2     Word Index

 

List of Tables

Table 1.             Real-Time Location Systems Market Segmentation

Table 2.             Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Table 3.             Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million) – by Offering

Table 4.             Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million) – by Technology

Table 5.             Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million) – by Industry Vertical

Table 6.             Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million) – by Application

Table 7.             North America: Real-Time Location Systems Market – Revenue and Forecast to 2030(US$ Million) – by Country

Table 8.             United States: Real-Time Location Systems Market – Revenue and Forecast to 2030(US$ Million) – by Offering

Table 9.             United States: Real-Time Location Systems Market – Revenue and Forecast to 2030(US$ Million) – by Technology

Table 10.          United States: Real-Time Location Systems Market – Revenue and Forecast to 2030(Thousand Units) – by Technology

Table 11.          United States: Real-Time Location Systems Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical

Table 12.          United States: Real-Time Location Systems Market – Revenue and Forecast to 2030(US$ Million) – by Application

Table 13.          Canada: Real-Time Location Systems Market – Revenue and Forecast to 2030(US$ Million) – by Offering

Table 14.          Canada: Real-Time Location Systems Market – Revenue and Forecast to 2030(US$ Million) – by Technology

Table 15.          Canada: Real-Time Location Systems Market – Revenue and Forecast to 2030(Thousand Units) – by Technology

Table 16.          Canada: Real-Time Location Systems Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical

Table 17.          Canada: Real-Time Location Systems Market – Revenue and Forecast to 2030(US$ Million) – by Application

Table 18.          Mexico: Real-Time Location Systems Market – Revenue and Forecast to 2030(US$ Million) – by Offering

Table 19.          Mexico: Real-Time Location Systems Market – Revenue and Forecast to 2030(US$ Million) – by Technology

Table 20.          Mexico: Real-Time Location Systems Market – Revenue and Forecast to 2030(Thousand Units) – by Technology

Table 21.          Mexico: Real-Time Location Systems Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical

Table 22.          Mexico: Real-Time Location Systems Market – Revenue and Forecast to 2030(US$ Million) – by Application

Table 23.          List of Abbreviation

 

List of Figures

Figure 1.           Real-Time Location Systems Market Segmentation, by Country

Figure 2.           North America – PEST Analysis

Figure 3.           Real-Time Location Systems Market– Ecosystem Analysis

Figure 4.           Real-Time Location Systems Market: Impact Analysis of Drivers and Restraints

Figure 5.           Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 6.           Real-Time Location Systems Market Share (%) – by Offering (2022 and 2030)

Figure 7.           Hardware: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 8.           Software: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 9.           Services: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 10.        Real-Time Location Systems Market Share (%) – by Technology (2022 and 2030)

Figure 11.        RFID: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 12.        UWB: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 13.        BLE: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 14.        Ultrasound: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 15.        Infrared: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 16.        GPS: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 17.        Wi-Fi: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 18.        ZIGBEE: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 19.        Real-Time Location Systems Market Share (%) – by Industry Vertical (2022 and 2030)

Figure 20.        Retail: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 21.        Government and Defense: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 22.        Manufacturing: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 23.        Healthcare: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 24.        Logistics: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 25.        Heavy Industries: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 26.        Construction: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 27.        Oil and Gas: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 28.        Automotive: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 29.        Others: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 30.        Real-Time Location Systems Market Share (%) – by Application (2022 and 2030)

Figure 31.        Personnel/Staff Locating and Monitoring: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 32.        Environmental Monitoring: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 33.        Access Control and Security: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 34.        Warehouse Management and Monitoring: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 35.        Supply Chain Management and Operational Automation/Visibility: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 36.        Others: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)

Figure 37.        North America: Real-Time Location Systems Market, by Key Countries - Revenue (2022) (US$ Million)

Figure 38.        North America: Real-Time Location Systems Market Breakdown, by Key Countries, 2022 and 2030 (%)

Figure 39.        United States: Real-Time Location Systems Market – Revenue and Forecast to 2030(US$ Million)

Figure 40.        Canada: Real-Time Location Systems Market – Revenue and Forecast to 2030(US$ Million)

Figure 41.             Mexico: Real-Time Location Systems Market – Revenue and Forecast to 2030(US$ Million)

  • Aruba Networks.
  • AiRISTA Flow Inc.
  • Qorvo Inc.
  • Impinj Inc.
  • Siemens AG.
  • Zebra Technologies Corp.
  • Sonitor Technologies AS.
  • Stanley Black & Decker Inc.
  • TeleTracking Technologies Inc.
  • Ubisense Ltd.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America real-time location systems market.    
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the North America real-time location systems market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America real-time location systems market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
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