Unlocking Opportunities in the Real Time Location Systems In Transportation And Logistics Market: 2025-2034 Forecast Report

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What Will the Real Time Location Systems In Transportation And Logistics Industry Market Size Be by 2025?
There has been a fast-paced expansion in the market size for real-time location systems within the transportation and logistics sector in recent years. Projections show a growth from $5.99 billion in 2024 to a market worth of $6.8 billion in 2025, depicting a compound annual growth rate (CAGR) of 13.6%. Factors contributing to this considerable growth during the historic period include a rise in demand for visibility within the supply chain, an increasing necessity for efficient fleet management, as well as regulatory obligations, and the escalating adoption of the Internet of Things (IoT).

What's the Long-Term Growth Forecast for the Real Time Location Systems In Transportation And Logistics Market Size Through 2029?
Projected to experience quick expansion in the coming years, the market size of real-time location systems in transportation and logistics is predicted to surge to $11.19 billion in 2029, with a compounded annual growth rate (CAGR) of 13.3%. The anticipated growth during the forecast period is primarily driven by factors such as e-commerce boom, AI and machine learning integration, utilization of autonomous vehicles, switch to green logistics and an increase in global trade. Moreover, the period will witness burgeoning trends, such as heightened blockchain use for secure tracing, the breakthrough of 5G technology for swift data transmission, wider edge computing application for instant analytics, introduction of augmented reality for improved navigation, and advancements in predictive analytics for forward-thinking decision making.

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What Are the Key Growth Drivers Fueling the Real Time Location Systems In Transportation And Logistics Market Expansion?
The growth of real-time location systems in the transportation and logistics market is forecasted to be fueled by the increased uptake of automation within the manufacturing sector. Automation in this sector pertains to the utilization of technology and machinery to carry out tasks that were previously completed by human workers. The primary aim is to boost efficiency, output, and uniformity during production procedures. The surge in the preference for automation in manufacturing is resultant from the upgraded productivity, quality, adaptability, and cost-effectiveness that the said technologies bring to the table in a fast-paced and cut-throat market milieu. This application of automation in manufacturing consequently opens doors for harmonizing with real-time location systems in transport and logistics. This collaboration facilitates more productive and prompt supply chain procedures to match the needs of contemporary manufacturing methods. As an illustration, the International Federation of Robotics, a non-profit organization based in Germany, stated in the World Robotics Report 2023, that there were 553,052 industrial robot installations in factories throughout the world in September 2023, marking a 5% increase from 2022. Thus, the increased uptake of automation in the field of manufacturing is catalyzing the expansion of real-time location systems within the transportation and logistics market.

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What Are the Key Trends Driving Real Time Location Systems In Transportation And Logistics Market Growth?
The main players in the real-time location systems sector of the transportation and logistics market are employing a strategic partnership method to introduce novel RTLS products. Such partnerships involve businesses capitalizing on each other's talents and resources to attain shared advantages and attain success. To illustrate, in August 2024, Navigine, an indoor navigation and positioning system corporation from the US, partnered with China-based IoT device provider, MOKO SMART. This collaboration will bring forth an innovative RTLS Development Kit designed specifically for industrial application to improve asset tracking and seamlessly incorporate into existing infrastructures setting new operational efficiency standards. The union of Navigine's software prowess and MOKO SMART's hardware advancements results in a holistic ecosystem for asset tracking, allowing users to easily and effectively test and implement more sophisticated technology.

How Is the Real Time Location Systems In Transportation And Logistics Market Segmented?
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

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Which Companies Are Leading the Charge in Real Time Location Systems In Transportation And Logistics Market Innovation?
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.

Which Regions Are Leading the Global Real Time Location Systems In Transportation And Logistics Market in Revenue?
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.

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