The North America real-time location systems market was valued at US$ 1,688.93 million in 2022 and is expected to reach US$ 8,368.78 million by 2030; it is estimated to record a CAGR of 22.1% from 2022 to 2030.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 – https://www.businessmarketinsights.com/sample/TIPRE00025557
Rising Demand for Connected Devices Fuels North America Real-Time Location Systems Market
The demand for connected devices, including smartphones; tablets; and different wearable devices such as smartwatches, fitness trackers, VR headsets, web-enabled glasses, smart jewelry, and Bluetooth headsets, is increasing across the world. Smartphones and tablets help the user accurately track location information in real time. The devices help the user to know the real-time traffic scenario and find the fastest route to the destination. It also assists parents to monitor the movement of their children through different location-tracking apps. Therefore, the adoption of smartphones and tablets is increasing tremendously. According to the Groupe Speciale Mobile Association (GSMA), smartphone adoption across the world was 76% in 2022, totaling 6.4 billion smartphone connections. The adoption is expected to rise to 92% by 2030, making 9 billion connections globally. According to the same report, smartphone adoption in North America was 84% in 2022 and is expected to climb to 90% by 2030. In many industries, wearables are used to track and manage personnel. For instance, miners can be tracked under deep tunnels and alerted if signs of distress occur. Similarly, wearables are used for dementia patients to track their location if they go missing or get themselves in danger and need emergency help. The demand for connected devices is increasing owing all the above benefits, which is fueling the growth of the North America real-time location systems market.
North America Real-Time Location Systems Market Overview
The real-time location systems (RTLS) market in North America is segmented into the US, Canada, and Mexico. This region stands out as a hub for technological advancements, driven by factors such as a strong inclination toward innovation, high GDP, well-developed infrastructure, and favorable economic policies. Additionally, North America’s robust manufacturing sector actively integrates RTLS solutions to streamline supply chain operations across industries.
For example, in 2020, ILR Industries, a plastic product manufacturer, implemented an RTLS at its Hamilton, Ontario, facility to monitor and enforce COVID-19 precautionary measures. The retail sector is another major adopter of RTLS tracking hardware, which enables automatic identification and tracking of tagged objects through scanning systems.
According to the International Trade Administration (ITA), Canada had approximately 27 million e-commerce users in 2022, representing 75% of its population. This figure is projected to rise to 77.6% by 2025. Additionally, Canadian e-commerce sales in March 2022 were valued at approximately US$2.34 billion and are expected to reach US$40.3 billion by 2025.
North America’s well-developed healthcare sector is driving the adoption of advanced inventory management solutions, enhancing decision-making processes. Hospitals are increasingly integrating real-time location systems (RTLS) to streamline supply chain operations and improve efficiency. These systems not only help locate medical equipment quickly but also play a crucial role in tracking critical ICU patients and individuals with cognitive conditions like dementia.
Additionally, the region’s mature construction industry, with a strong focus on labor safety, is further fueling RTLS adoption. As real-time tracking becomes essential for workforce safety and operational efficiency, the demand for RTLS continues to rise. These combined factors are significantly accelerating the growth of the North American RTLS market.
North America Real-Time Location Systems: Strategic Insights
Strategic insights into the North America Real-Time Location Systems (RTLS) industry provide a data-driven analysis of the market landscape, highlighting current trends, key players, and regional dynamics. These insights offer actionable recommendations, helping businesses identify untapped opportunities and develop distinctive value propositions to stay ahead of the competition.
By leveraging advanced data analytics, industry stakeholders—including investors, manufacturers, and solution providers—can anticipate market shifts and make informed strategic decisions. A forward-looking perspective is crucial for positioning businesses for long-term success in this evolving sector.
Ultimately, well-informed strategic insights empower organizations to enhance profitability, optimize operations, and achieve their business objectives in the dynamic North American RTLS market.
North America Real-Time Location Systems: Regional Insights
The geographic scope of North America’s Real-Time Location Systems encompasses the specific regions where businesses operate and compete. Understanding regional variations—such as consumer preferences (e.g., demand for specific plug types or battery backup durations), economic conditions, and regulatory landscapes—is essential for tailoring strategies to each market. Businesses can expand their presence by identifying underserved areas and adapting their offerings to local needs. A well-defined market focus enables efficient resource allocation, targeted marketing efforts, and stronger positioning against local competitors, ultimately driving growth in key regions.
North America Real-Time Location Systems Market Segmentation
The North America real-time location systems (RTLS) market is segmented based on offering, technology, industry vertical, application, and country.
- By Offering: The market is divided into hardware, software, and services. In 2022, the hardware segment held the largest market share.
- By Technology: The RTLS market includes technologies such as RFID, UWB, BLE, Ultrasound, Infrared, GPS, Wi-Fi, and ZIGBEE. Among these, the BLE segment accounted for the largest market share in 2022.
- By Industry Vertical: Key sectors utilizing RTLS include retail, government and defense, manufacturing, healthcare, logistics, heavy industries, construction, oil and gas, automotive, and others. The healthcare segment led the market in 2022.
- By Application: The market is categorized into personnel/staff locating and monitoring, environmental monitoring, access control and security, warehouse management and monitoring, supply chain management and operational automation/visibility, and others. The supply chain management and operational automation/visibility segment was the largest in 2022.
- By Country: The market is analyzed across the US, Canada, and Mexico, with the US dominating the market share in 2022.
Key Players
Leading companies in the North America RTLS market include Aruba Networks, AiRISTA Flow Inc., Qorvo Inc., Impinj Inc., Siemens AG, Zebra Technologies Corp., Sonitor Technologies AS, Stanley Black & Decker Inc., TeleTracking Technologies Inc., and Ubisense Ltd.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
