Middle East & Africa Real-Time Location Systems Market SWOT Analysis by 2028
Middle East & Africa 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)
- Status : Published
- Report Code : TIPRE00025558
- Category : Technology, Media and Telecommunications
- No. of Pages : 137
- Available Report Formats :
- Last update date : November 02, 2021
2021 Market Size
US$ 390.59 Mn
Base year value
2028 Forecast
US$ 1,618.42 Mn
Projected by 2028
CAGR 2022-2028
22.5 %
Growth rate
Addressable Market
US$ 6,676.39 Mn
(2022-2028)
The real-time location systems market in MEA is expected to grow from US$ 390.59 million in 2021 to US$ 1,618.42 million by 2028; it is estimated to grow at a CAGR of 22.5% from 2021 to 2028.
UAE, Saudi Arabia, and South Africa are economies in MEA. The real-time location system has its applications in the Internet of Things for tracking and monitoring applications. Information gathered using a real-time location system is stored in cloud-based systems for analysis. Moreover, quick return on investments is one of the major advantages associated with the deployment of IoT. Thus, they are a perfect fit for the end users such as transportation & logistics, automotive, and manufacturing, as these industries use robots at various stages, such as assembling, picking, placing & sorting of goods in warehouses, and managing inventory, for increasing the flexibility and productivity. Thus, the emergence of IoT and Industry 4.0 would fuel the growth of the real-time location system market during the forecast period.
The MEA real-time location system market is majorly affected by the disruption in the national and international supply chains. Shutdown of country borders has disturbed the supply chain of several electronics components in the region. The disruption in the international supply chain has weaken the logistics sector in the MEA countries in 2020. In addition, the countries with higher oil & gas companies are also experiencing tremors in the businesses due to limited logistics operations. The penetration of advanced technologies is comparatively less in the MEA, and due to this, the majority of the logistics service providers rely on traditional logistics approaches. However, the restrictions were eased, and adoption of real-time location systems gained traction by 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 MEA 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.
MEA Real-Time Location Systems Market Segmentation
MEA Real-Time Location Systems Market – By Offering
- Hardware
- Tags/Badges
- Readers/Trackers/Access Points
- Others
- Software
- Services
MEA Real-Time Location Systems Market – By Technology
- Radio Frequency Identification (RFID)
- Ultra-wideband (UWB)
- Bluetooth Low Energy (BLE)
- Ultrasound
- Infrared (IR)
- GPS
- Others
MEA Real-Time Location Systems Market – By Industry Vertical
- Heavy Industries
- Manufacturing
- Retail
- Oil and Gas
- Automotive
- Construction
- Government and Defense
- Education
- Others
MEA 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
MEA Real-Time Location Systems Market- By Country
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
MEA Real-Time Location Systems Market-Companies Mentioned
- Aruba Networks
- Siemens AG
- Sonitor Technologies AS
- Stanley Black & Decker, Inc.
- Zebra Technologies Corporation
Middle East & Africa Real-Time Location Systems Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 390.59 Million |
| Market Size by 2028 | US$ 1,618.42 Million |
| CAGR (2021 - 2028) | 22.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Offering
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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