Asia-Pacific Real-Time Location Systems Market Growth Opportunities and Forecast by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Asia-Pacific Real-Time Location Systems Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Offering ( Hardware, Software, and Services ), Technology ( Radio Frequency Identification (RFID), Ultra-wideband (UWB), Bluetooth Low Energy (BLE), Ultrasound, Infrared (IR), GPS, and Others ), Industry Vertical ( Heavy Industries, Manufacturing, Retail, Oil and Gas, Automotive, Construction, Government and Defense , Education, 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)
- Report Date : Nov 2021
- Report Code : TIPRE00025555
- Category : Technology, Media and Telecommunications
- Status : Published
- Available Report Formats :
- No. of Pages : 163
The real-time location systems market in APAC is expected to grow from US$ 1,065.34 million in 2021 to US$ 5,776.80 million by 2028; it is estimated to grow at a CAGR of 27.3% from 2021 to 2028.
China, Japan, India, South Korea, and Australia are economies in APAC. The COVID-19 outbreak led governments across the world to impose containment measures, such as business and factory shutdown and lockdowns, in 2020. However, with the vaccination drives and relaxations of containment norms, offices and businesses started their operations from the third quarter of 2020. In this scenario, offices and businesses had to adhere to various precautionary measures, such as mandatory use of masks and norms of social distancing. Thus, to adhere to these measures, the real-time location system market players are integrating features such as social distancing and contact tracing in their solutions. For instance, in May 2020, Ubisense started offering contract tracing and social distancing features in its real-time location system. Also, QuicSolv Technologies Pvt. Ltd started offering RTLS, which allows end users to monitor social distancing practices, contact tracing, and SoS Alert.
The APAC is characterized by the presence of several developing countries, positive economic outlook, and huge industrial sector, in addition to the largest share of global population. These factors make Asia Pacific a major region for the growth of the real-time location system market. The shutdown of various factories and distribution centers in many economies in the APAC has affected the supply chains and negatively impacting the manufacturing processes, delivery schedules, and product and service sales. The APAC is global manufacturing hub with countries such as China, Japan, and South Korea leading the global manufacturing sector. Disruptions in supply chains and manufacturing activities have led to the discontinuation of the production of hardware of real-time location system, which hindered the market growth. Meanwhile, with the initiation of vaccination drive coupled with reopening of economies the real-time location system market witness positive growth from the Q1 of 2021.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the real-time location systemsmarket. The APAC real-time location systems market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
APAC Real-Time Location Systems Market Segmentation
APAC Real-Time Location Systems Market – By Offering
- Hardware
- Tags/Badges
- Readers/Trackers/Access Points
- Others
- Software
- Services
APAC Real-Time Location Systems Market – By Technology
- Radio Frequency Identification (RFID)
- Ultra-wideband (UWB)
- Bluetooth Low Energy (BLE)
- Ultrasound
- Infrared (IR)
- GPS
- Others
APAC Real-Time Location Systems Market – By Industry Vertical
- Heavy Industries
- Manufacturing
- Retail
- Oil and Gas
- Automotive
- Construction
- Government and Defense
- Education
- Others
APAC Real-Time Location Systems Market – By Application
- Personnel/Staff Locating and Monitoring
- Access Control and Security
- Environmental Monitoring
- Warehouse Management and Monitoring
- Supply Chain Management and Operational Automation/Visibility
- Others
APAC Real-Time Location Systems Market- By Country
- China
- Japan
- South Korea
- India
- Australia
- Rest of APAC
APAC Real-Time Location Systems Market-Companies Mentioned
- AiRISTA Flow Inc.
- Aruba Networks
- Decawave Limited
- Impinj, Inc.
- Siemens AG
- Sonitor Technologies AS
- Stanley Black & Decker, Inc.
- Ubisense
- Zebra Technologies Corporation
Asia-Pacific Real-Time Location Systems Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,065.34 Million |
| Market Size by 2028 | US$ 5,776.80 Million |
| Global CAGR (2021 - 2028) | 27.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Offering
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
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- AiRISTA Flow Inc.
- Aruba Networks
- Decawave Limited
- Impinj, Inc.
- Siemens AG
- Sonitor Technologies AS
- Stanley Black & Decker, Inc.
- Ubisense
- Zebra Technologies Corporation
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