ICT

Image

Global Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market – Industry Trends and Forecast to 2031

  • ICT
  • Upcoming Report
  • Feb 2024
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Location-Based Services (LBS) And Real Time Location Systems (RTLS) Market, By Technology (Satellite, Microwave & Infrared Remote Sensing, OTDOA & E-OTD, RFID & NFC, Context-Aware Technology, Wi-Fi/WLAN, UWB, BT/BLE, Beacons, A-GPS, Others), Component (Software, Services, Hardware), Location Type (Outdoor, Indoor), End-User (Government, Defense, Public Sector, Retail, E-Commerce, BFSI, Automotive, Transportation & Logistics, Industrial Manufacturing, Healthcare & Life Sciences, Media & Entertainment) - Industry Trends and Forecast to 2031.

Location-Based Services (LBS) And Real Time Location Systems (RTLS) Market

Location-Based Services (LBS) And Real Time Location Systems (RTLS) Market Analysis and Size

The rise in the use of location-based mobile advertising is a crucial factor accelerating the market growth, as the rise in the use of social media marketing, the rise in the use of services in various industrial verticals, and the rise in research and development activities in the market act as the major factors among others boosting the market. Moreover, the rise in technological advancements and modernization in production techniques and the rise in demand from emerging economies will further create new opportunities for the market.

Data Bridge Market Research analyzes that the global location-based services (LBS) and real-time location systems (RTLS) market is expected to reach USD 2,076.02 million by 2031 from USD 275.81 Million in 2023 and is expected to undergo a CAGR of 8.6% during the forecast period of 2024 to 2031. “Satellite” dominates the components segment of the market due to demand from growing markets. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Location-Based Services (LBS) And Real Time Location Systems (RTLS) Market Scope and Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Technology (Satellite, Microwave & Infrared Remote Sensing, OTDOA & E-OTD, RFID & NFC, Context-Aware Technology, Wi-Fi/WLAN, UWB, BT/BLE, Beacons, A-GPS, Others), Component (Software, Services, Hardware), Location Type (Outdoor, Indoor), End-User (Government, Defense, Public Sector, Retail, E-Commerce, BFSI, Automotive, Transportation & Logistics, Industrial Manufacturing, Healthcare & Life Sciences, Media & Entertainment)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

Cisco (U.S.), Alphabet Inc. (U.S.), Microsoft (U.S.), IBM Corporation (U.S.), TomTom International BV (Netherlands), Oracle (U.S.), Apple Inc. (U.S.), Esri (U.S.), Telefonaktiebolaget LM Ericsson (Sweden), Qualcomm Technologies Inc. (U.S.), Zebra Technologies Corp. (U.S.), Ubisense Ltd. (U.K.), CenTrak (U.S.), Pitney Bowes Inc. (U.S.), Ekahau (U.S.), Galigeo (France), HERE (Netherlands), Teldio Corporation (Canada), Navigine (U.S.), Living Map (U.K.), Airista Flow, Inc. (U.S.), GeoMoby (Australia), Quuppa (Finland)

Market Opportunities

  • Growing demand for LBS and RTLS for industry applications
  • Focus on lot in healthcare
  • High cost of installation and maintenance restricts market growth

Market Definition

Location-based services (LBS) is defined as a service that takes into the account the geographical location of the user to provide information. It is extensively used in the directions, local news, point of interest, asset tracking among others. Real time location system (RTLS) is referred to the use of electronic system to locate people or things and is extensively used in tracking fleets of vehicles, complex navigation services, asset tracking as well as personal tracking.

Global Location-Based Services (LBS) And Real Time Location Systems (RTLS) Market Dynamics

Driver

  • Growing demand for LBS and RTLS for industry applications

The development of platforms that offer improved accuracy is the result of the improvements in LBS and RILS technologies during the past ten years. better effectiveness and reduced prices for RTLS goods and services. The usage of RTLS increased across a number of verticals, including healthcare, industrial manufacturing, logistics, process industries (mining, oil and gas), and defense as a result of all these advancements. The benefits of tracking, monitoring, and analysing the precise location and movements of their assets are now being recognized by more sectors. These advantages include improved workflow, simpler processes, and higher production.

Opportunity

  • Focus on lot in healthcare

The use of loT solutions powered by technologies like RFID tags, GPS, and RTLS is gaining traction due to a number of factors. widespread use of IP networks. decreasing equipment costs and fresh business prospects all help to fuel the growing demand for loT solutions. These tools assist in tracking physical assets to enhance corporate operations and cut costs in a variety of sectors and government agencies. In general, the term "loT" is used to refer to any technology that enables networked devices to share data and carry out tasks on their own, without the need for human intervention. The adoption of lot has been among the fastest in the healthcare sector.

Restraints/Challenges

  • High cost of installation and maintenance restricts market growth

RTLS systems can be highly expensive to install, costing anything between USD 2 and $5 million. This varies depending on the installation region and the different businesses. The hardware cost of Wi-Fi-based RTLS is higher than that of UWB-enabled systems, but the installation cost is lower. The cost of the RTLS systems' hardware, software, infrastructure wiring, and electricity can be partly blamed for their high cost. While wiring, power, and the installation of RTLS components greatly increase the overall cost, the infrastructure is expensive. Many RTLS companies are facing various issues in terms of deployment and technology, as many projects are failing because they require significant engineering efforts and on-site preferences. Installation of RTLS systems requires qualified personnel to be present on the site at the time of installation.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

  • In September2016, Megabarre Group, Ltd. supplied its System and Impact Busbar Trunking Systems to a shopping Centre Project in Ukraine. This project helped the company to grow its market reach in the Eastern Europe and enhanced its product portfolio in the market
  • In January 2019, Eaton announced its High Density Rack PDU Platform for the North American market. This product is integrated with busbars designed to implement more outlets in less space. With this launch, Eaton enhanced the power distribution technology in the market and strengthened market competition

Global Location-Based Services (LBS) And Real Time Location Systems (RTLS) Market Scope

The location-based services (LBS) And real time location systems (RTLS) market is segmented on the basis of technology, component, location type, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

  • Satellite
  • Microwave & Infrared Remote Sensing
  • OTDOA & E-OTD
  • RFID & NFC
  • Context-Aware Technology
  • Wi-Fi/WLAN
  • UWB
  • BT/BLE
  • Beacons
  • A-GPS
  • Others

Component

  • Software
  • Services
  • Hardware

Location Type

  • Outdoor
  • Indoor

End-User

  • Government
  • Defense
  • Public Sector
  • Retail
  • E-Commerce
  • BFSI
  • Automotive
  • Transportation & Logistics
  • Industrial Manufacturing
  • Healthcare & Life Sciences
  • Media & Entertainment

Global Location-Based Services (LBS) and Real Time Location Systems (RTLS) Market Region Analysis/Insights

The location-based services (LBS) and real time location systems (RTLS) market is analyzed and market size insights and trends are provided by region, product type, type, implementation, data center type, current ampere, and vertical as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Netherlands, Hungary, Austria, Norway, Ireland, Turkey, Lithuania, rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, rest of Asia-Pacific, Brazil, Argentina, Peru, rest of South America, South Africa, Saudi Arabia, U.A.E., Israel, Egypt, and rest of Middle East & Africa.

North America is expected to dominate the market due to being home to renowned research institutions, universities, and technology companies that conduct cutting-edge research in photonics and integrated circuit technologies. This strong R&D ecosystem fosters innovation and drives advancements in location-based services (LBS) and real time location systems (RTLS) circuits.

Asia-Pacific is expected to be fastest-growing country in the market due to the Asia-Pacific region has a large and rapidly growing population, along with a significant increase in internet usage and data consumption. This drives the demand for high-speed and efficient communication networks, which can benefit from the use of location-based services (LBS) and real time location systems (RTLS) circuits. PICs are capable of integrating multiple optical components on a single chip, making them well-suited for high-speed data transmission and communication applications.

The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

Competitive Landscape and Global Location-Based Services (LBS) And Real Time Location Systems (RTLS) Market Share Analysis

The location-based services (LBS) and real time location systems (RTLS) market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the location-based services (LBS) and real time location systems (RTLS) market.

Some of the major players operating in the location-based services (LBS) and real time location systems (RTLS) market are:

  • Cisco (U.S.)
  • Alphabet Inc. (U.S.)
  • Microsoft (U.S.)
  • IBM Corporation (U.S.)
  • TomTom International BV (Netherlands)
  • Oracle (U.S.)
  • Apple Inc. (U.S.)
  • Esri (U.S.)
  • Telefonaktiebolaget LM Ericsson (Sweden)
  • Qualcomm Technologies Inc. (U.S.)
  • Zebra Technologies Corp. (U.S.)
  • Ubisense Ltd. (U.K.)
  • CenTrak (U.S.)
  • Pitney Bowes Inc. (U.S.)
  • Ekahau (U.S.)
  • Galigeo (France)
  • HERE (Netherlands)
  • Teldio Corporation (Canada)
  • Navigine (U.S.)
  • Living Map (U.K.)
  • Airista Flow, Inc. (U.S.)
  • GeoMoby (Australia)
  • Quuppa (Finland)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The location-based services (LBS) and real time location systems (RTLS) market size will be worth USD 2,076.02 million by 2031.
The growth rate of the location-based services (LBS) and real time location systems (RTLS) Market is 8.6% during the forecast period by 2031.
Growing demand for LBS and RTLS for industry applications is the growth driver of the location-based services (LBS) and real time location systems (RTLS) market.
Technology, component, location type, and end-user are the factors on which the location-based services (LBS) and real time location systems (RTLS) market research is based.
Major companies in the location-based services (LBS) and real time location systems (RTLS) market are Cisco (U.S.), Alphabet Inc. (U.S.), Microsoft (U.S.), IBM Corporation (U.S.), TomTom International BV (Netherlands), Oracle (U.S.), Apple Inc. (U.S.), Esri (U.S.), Telefonaktiebolaget LM Ericsson (Sweden), Qualcomm Technologies Inc. (U.S.), Zebra Technologies Corp. (U.S.), Ubisense Ltd. (U.K.), CenTrak (U.S.), Pitney Bowes Inc. (U.S.), Ekahau (U.S.), Galigeo (France), HERE (Netherlands), Teldio Corporation (Canada), Navigine (U.S.), Living Map (U.K.), Airista Flow, Inc. (U.S.), GeoMoby (Australia), Quuppa (Finland).
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials