Real Time Location Systems In Transportation And Logistics Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share

How Are the key drivers contributing to the expansion of the real time location systems in transportation and logistics market?
Expected growth in the transportation and logistics market's real-time location systems is being driven by the burgeoning adoption of automation within the manufacturing industry. Automation within this context refers to the utilization of machinery and technology to execute tasks typically performed by humans, with the goal of enhancing efficiency, productivity and uniformity within production processes. The need for adopting automation in manufacturing stems from its ability to provide superior quality, flexibility, productivity, and cost-efficiency in an ever-changing and competitive market environment. The integration of automation within the manufacturing sector provides an avenue for collaboration with real-time location systems in transportation and logistics, facilitating more effective and agile supply chain operations to suit the needs of contemporary manufacturing systems. As evidence, the International Federation of Robotics, a non-profit organization based in Germany, in their World Robotics Report 2023 released in September 2023, reported that there were 553,052 installations of industrial robots in factories globally, marking a 5% rise from the subsequent year, 2022. Consequently, the rise in the integration of automation within the manufacturing sector can be credited for driving the growth of real-time location systems within the transportation and logistics marketplace.

Get Your Real Time Location Systems In Transportation And Logistics Market Report Here:
https://www.thebusinessresearchcompany.com/report/real-time-location-systems-in-transportation-and-logistics-global-market-report

What growth opportunities are expected to drive the real time location systems in transportation and logistics market's CAGR through 2034?
The market size for real-time location systems in transportation and logistics has witnessed a significant expansion in the recent past. Predicted to improve from $5.99 billion in 2024 to $6.8 billion in 2025, the market is to sustain a compound annual growth rate (CAGR) of 13.6%. Several factors contributed to this historical growth, including an escalating demand for visibility within supply chain operations, an increasing necessity for proficient fleet management, certain regulatory demands, and a surge in the incorporation of Internet of Things (IoT) technology.

In the coming years, the market for real-time location systems in transportation and logistics is set to witness a significant boom. It is projected to reach a valuation of $11.19 billion in 2029, representing a compound annual growth rate (CAGR) of 13.3%. This growth during the forecast period is expected to be driven by factors such as the boom in e-commerce, integration of artificial intelligence and machine learning, adoption of autonomous vehicles, shift towards sustainable logistics, and an increase in global trade. Key trends influencing this market during the forecast period include the rising use of blockchain for secure tracking, the advent of 5G technology for quicker data transfer, utilization of edge computing for on-the-spot analytics, the application of augmented reality for improved navigation, and the development of predictive analytics for strategic decision-making.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14785&type=smp

What are the emerging trends shaping the future of the real time location systems in transportation and logistics market?
Key players in the real-time location systems sector within the transportation and logistics market are forging strategic alliances to roll out innovative RTLS offerings. Strategic alliances allow companies to utilize each other's assets and resources to gain shared benefits and accomplish collective goals. For example, in August 2024, Navigine, an American company specializing in indoor navigation and positioning systems, struck a deal with MOKO SMART, a Chinese firm that designs, fabricates, and supplies IoT devices. This partnership led to the creation of a novel RTLS Development Kit, tailor-made for industrial settings to augment asset tracking and seamlessly integrate with pre-existing infrastructures, thereby establishing new standards for operational competence. The fusion of Navigine's software expertise and MOKO SMART's cutting-edge hardware results in a comprehensive asset tracking ecosystem, facilitating end-users to experiment and integrate superior technology more easily and efficiently.

Which growth-oriented segments of the real time location systems in transportation and logistics market are leading the industry's development?
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

Subsegments:
1) By Systems: RFID-Based Systems, GPS-Based Systems, Infrared-Based Systems, Ultrasonic-Based Systems, Wi-Fi-Based Systems, Bluetooth-Based Systems
2) By Tags: Active Tags, Passive Tags, Semi-Passive Tags

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14785

Which region dominates the real time location systems in transportation and logistics market?
North America was the largest region in the real time location systems in transportation and logistics market in 2024. 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.

What companies are at the forefront of innovation in the real time location systems in 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.

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=14785&type=smp

What Is Covered In The Real Time Location Systems In Transportation And Logistics Global Market Report?

•Market Size Forecast: Examine the real time location systems in transportation and logistics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the real time location systems in transportation and logistics market for a structured understanding.
•Key Players Overview: Analyze major players in the real time location systems in transportation and logistics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the real time location systems in transportation and logistics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the real time location systems in transportation and logistics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the real time location systems in transportation and logistics market.
•Industry Challenges: Identify potential risks and obstacles affecting the real time location systems in transportation and logistics market.
•Competitive Landscape: Review strategic developments in the real time location systems in transportation and logistics market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.