Real Time Location Systems In Transportation And Logistics Global Market Insights: Growth Drivers, Size & Forecasts to 2029

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What Is the Forecasted Market Growth Rate of the Real Time Location Systems In Transportation And Logistics Industry?
The market size for real time location systems in transportation and logistics has seen significant growth in the recent times. The projections indicate an increase from $5.99 billion in 2024 to $6.72 billion by 2025, with an impressive compound annual growth rate (CAGR) of 12.2%. Factors contributing to this expansion during the historical period include heightened demand for visibility in supply chain, increasing necessity for proficient fleet management, regulatory prerequisites, and a surge in the adoption of the Internet of Things (IoT).

How Will the Real Time Location Systems In Transportation And Logistics Market Size Evolve From 2025 to 2029?
Anticipations are set for swift enlargement of the real time location systems in transport and logistics market throughout the upcoming years, with a growth prediction to reach $10.48 billion by 2029. The estimated compound annual growth rate (CAGR) is 11.8%. The anticipated growth during the prediction period can be credited to a multitude of factors forming the trend in the industry - the explosion of e-commerce, AI and machine learning incorporation, acceptance of self-driving vehicles, the shift in focus towards green logistics and a rise in worldwide trade. Major anticipated trends throughout this period include the rising use of blockchain for secure monitoring purposes, introduction of 5G technology for speedier data transmission, the preference for edge computing for real-time analysis, execution of augmented reality for improved navigation, and the expansion of predictive analysis in favour of proactive decision-making.

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What Are the Main Growth Drivers in the Real Time Location Systems In Transportation And Logistics Market Today?
The rising integration of automation within the manufacturing industry is anticipated to fuel the expansion of real-time location systems within the transportation and logistics market. The utilization of machinery and technology to execute tasks typically performed by humans displays automation in manufacturing. The intention is to enhance efficiency, productivity, and uniformity in production operations. The elevated adaptation of automation in manufacturing is attributed to enhanced productivity, quality, flexibility, and cost-effectiveness that such technology presents in a swiftly changing and competitive market sphere. The incorporation of automation in manufacturing opens the door for synergy with real-time location systems in transportation and logistics, facilitating more effective and swift supply chain functions to cater to the needs of contemporary manufacturing procedures. For instance, the World Robotics Report 2023 of the International Federation of Robotics, a non-profit organization based in Germany, recorded 553,052 industrial robot installations worldwide in factories during September 2023, marking a 5% increase from 2022. Thus, the growing adoption of automation in manufacturing is pushing the development of real-time location systems in the transportation and logistics sector.

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Which Real Time Location Systems In Transportation And Logistics Market Segment Is Expected to Lead Through 2029?
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

Which Market Trends Are Expected to Dominate Real Time Location Systems In Transportation And Logistics Industry Growth?
Firms that play a significant role in the real-time location systems in the transportation and logistics market are turning to strategic alliances as a tool to introduce innovative RTLS products. These alliances allow companies to utilize each other's capabilities and assets to accrue mutual advantages and prosperity. For instance, Navigine, an indoor navigation and positioning system enterprise based in the US, joined forces with MOKO SMART, a Chinese company known for its design, production, and supply of IoT devices in August 2024. This partnership will birth a bespoke RTLS Development Kit, designed specifically to boost asset tracking and seamlessly integrate with already-existing infrastructures, thereby establishing new standards for operational effectiveness. The fusion of Navigine's software prowess with MOKO SMART's progressive hardware results in a robust asset tracking ecosystem. This partnership thus eases and boosts the adoption of sophisticated technology by users.

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Which Companies Hold the Largest Market Share in the Real Time Location Systems In Transportation And Logistics Sector?
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.

Where Is the Real Time Location Systems In Transportation And Logistics Market Experiencing the Highest Growth?
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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