Summary

The Asia Pacific real-time location systems market was valued at US$ 1,174.85 million in 2022 and is expected to reach US$ 9,513.81 million by 2030; it is estimated to record a CAGR of 29.9% from 2022 to 2030.

Technological Advancements Associated with RFID Boost Asia Pacific Real-Time Location Systems Market

RTLS and RFID are commonly heard in manufacturing and healthcare sectors industries. Although they provide similar benefits, they are distinct solutions with notable differences to serve unique and distinct purposes. Major market players are involved in technological developments in Radio Frequency Identification (RFID) and its implementation across various applications. For instance, in May 2023, Fresenius Kabi launched RFID-enabled Rocuronium Bromide Injection to cater to the growing requirement for RFID technology in the medical field. This product launch supports a recent ASHP Foundation study by improving patient safety, streamlining inventory management, and minimizing errors. In addition, ultra-wideband (UWB) is one of the fastest-growing technologies; as a result, the adoption of UWB-based RTLS for healthcare applications is expected to grow in the coming years. This technology functions similarly to active RFID, where RF energy is continuously sent into the environment, which is detected by receivers. The awareness about UWB is growing as it provides various benefits such as high precision, long battery life, high capacity, and fast update rates. Owing to these benefits, UWB technologies are well-suited for high-precision applications in healthcare facilities or organizations. In addition, many companies are focused on the installation of UWB. For instance, in June 2023, Nozomi Networks Lab made an announcement to analyze one of the widely used UWB-based RTLS solutions-the Ubisense Dimension4 3D tracking system. These systems are used globally in industrial sectors, including defense, manufacturing, healthcare, etc. This system is also deployed in more sensitive use cases such as hospital patient positions and movement tracking, contact tracing, and geofencing, where confidentiality, integrity, and availability of information are considered crucial. Therefore, technological advancement associated with RFID creates a huge opportunity for the market growth during the forecast period.

Asia Pacific Real-Time Location Systems Market Overview

The real-time location system market in APAC is segmented into China, India, Japan, Australia, South Korea, and the Rest of APAC. Vast industrialization, low labor costs, positive economic developments, favorable economic policies, and increasing foreign institutional investments (FIIs) and foreign direct investments (FDIs) make APAC a significant contributor to the growth of various industries, such as automotive, manufacturing, and electronics. Further, the governments of developing countries have been establishing initiatives such as Made in China 2025 and Make in India, to promote the establishment of manufacturing plants and make the respective countries self-sufficient and capable of exporting surplus goods.

According to the International Air Transport Association (IATA), APAC leads the growth of the e-commerce market globally, with China accounting for a significant percentage of the growth. As per the International Trade Administration, the e-commerce market of China is the largest in the world and generates almost 50% of the world's transactions. Similarly, the e-commerce market in other countries in APAC is also witnessing significant growth. For instance, according to International Trade Administration, Australia-the eleventh-largest e-commerce market in the world-is expected to reach US$ 32.3 billion by 2024. According to the India Brand Equity Foundation (IBEF), the e-commerce market in India is expected to reach US$ 188 billion by 2025. In addition, the governments of various countries in APAC are taking various initiatives to boost the growth of the e-commerce industry. For instance, to promote e-commerce usage and increase the trade of domestic products, the Indonesian government organizes a National Online Shopping Day (Harbolnas) every year. The implementation of Harbolnas has seen a significant increase in transaction volume in 2021, recording transactions totaling US$ 1.16 billion, an increase of 56% from 2020. Moreover, the increasing competitive landscape, growing middle-class population, and rising penetration of digital technology and smartphones are anticipated to bolster the growth of online retail in the coming years. Thus, the growth of the e-commerce market in the region propels the demand for real-time location systems to keep track of orders, which is boosting the growth of the real-time location system market in Asia Pacific.

Moreover, the Asia Pacific real-time location systems market is experiencing significant growth owing to the potential benefits of the technology, the need for cost-saving measures, and the desire to provide better patient care. As a result, the use of RTLS in the healthcare industry has been expanding gradually. Despite the increasing acceptance rates, there is still significant development potential for the healthcare sector to utilize RTLS to its fullest extent. In addition, organizations in Asia Pacific are rapidly becoming more aware of the benefits of RTLS for healthcare applications. Government initiatives with an aim to improve healthcare quality and the expansion of healthcare facilities are a few factors that contributed to the adoption of RLTS across the region.

Asia Pacific Real-Time Location Systems Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Real-Time Location Systems Market Segmentation

The Asia Pacific real-time location systems market is categorized into offering, technology, industry vertical, application, and country.

Based on offering, the Asia Pacific real-time location systems market is categorized into hardware, software, and services. The hardware segment held the largest market share in 2022.

By technology, the Asia Pacific real-time location systems market is segmented into RFID, UWB, BLE, Ultrasound, Infrared, GPS, Wi-Fi, and ZIGBEE. The BLE segment held the largest market share in 2022.

In terms of industry vertical, the Asia Pacific real-time location systems market is categorized into retail, government and defense, manufacturing, healthcare, logistics, heavy industries, construction, oil and gas, automotive, and others. The healthcare segment held the largest market share in 2022.

In terms of application, the Asia Pacific real-time location systems market is segmented 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 management segment held the largest market share in 2022.

By country, the Asia Pacific real-time location systems market is segmented into Australia, China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Taiwan, and the Rest of Asia Pacific. China dominated the Asia Pacific real-time location systems market share in 2022.

Aruba Networks, AiRISTA Flow Inc, Qorvo Inc, Impinj Inc, Siemens AG, Zebra Technologies Corp, Sonitor Technologies AS, Stanley Black & Decker Inc, and Ubisense Ltd are some of the leading companies operating in the Asia Pacific real-time location systems market.

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Table of Contents

TABLE OF CONTENTS

1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Real-Time Location Systems Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.3 Premium Insights
4.3.1 Analysis on Market Players in Manufacturing Industry
5. Asia Pacific Real-Time Location Systems Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Connected Devices
5.1.2 Growing E-Commerce Sector
5.1.3 Rising Safety and Security Concerns of Patients and Staff
5.2 Key Market Restraints
5.2.1 Rising Concerns Regarding Data Privacy and Security
5.3 Key Market Opportunities
5.3.1 Emergence of 5G
5.3.2 Technological Advancements Associated with RFID
5.4 Future Trends
5.4.1 Growing Use of RTLS in Healthcare Sector
5.5 Impact Analysis of Drivers and Restraints
6. Real-Time Location Systems Market – Asia Pacific Market Analysis
6.1 Real-Time Location Systems Market –Revenue and Forecast to 2030 (US$ Million)
7. Asia Pacific Real-Time Location Systems Market Analysis – by Offering
7.1 Hardware
7.1.1 Overview
7.1.2 Hardware: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Software
7.2.1 Overview
7.2.2 Software: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Services
7.3.1 Overview
7.3.2 Services: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Real-Time Location Systems Market Analysis – by Technology
8.1 RFID
8.1.1 Overview
8.1.2 RFID: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
8.2 UWB
8.2.1 Overview
8.2.2 UWB: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
8.3 BLE
8.3.1 Overview
8.3.2 BLE: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Ultrasound
8.4.1 Overview
8.4.2 Ultrasound: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Infrared
8.5.1 Overview
8.5.2 Infrared: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
8.6 GPS
8.6.1 Overview
8.6.2 GPS: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
8.7 Wi-Fi
8.7.1 Overview
8.7.2 Wi-Fi: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
8.8 ZIGBEE
8.8.1 Overview
8.8.2 ZIGBEE: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Real-Time Location Systems Market Analysis – by Industry Vertical
9.1 Retail
9.1.1 Overview
9.1.2 Retail: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Government and Defense
9.2.1 Overview
9.2.2 Government and Defense: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
9.3 Manufacturing
9.3.1 Overview
9.3.2 Manufacturing: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Healthcare
9.4.1 Overview
9.4.2 Healthcare: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
9.5 Logistics
9.5.1 Overview
9.5.2 Logistics: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
9.6 Heavy Industries
9.6.1 Overview
9.6.2 Heavy Industries: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
9.7 Construction
9.7.1 Overview
9.7.2 Construction: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
9.8 Oil and Gas
9.8.1 Overview
9.8.2 Oil and Gas: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
9.9 Automotive
9.9.1 Overview
9.9.2 Automotive: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
9.10 Others
9.10.1 Overview
9.10.2 Others: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
10. Asia Pacific Real-Time Location Systems Market Analysis by Application
10.1 Personnel/Staff Locating and Monitoring
10.1.1 Overview
10.1.2 Personnel/Staff Locating and Monitoring: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
10.2 Environmental Monitoring
10.2.1 Overview
10.2.2 Environmental Monitoring: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
10.3 Access Control and Security
10.3.1 Overview
10.3.2 Access Control and Security: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
10.4 Warehouse Management and Monitoring
10.4.1 Overview
10.4.2 Warehouse Management and Monitoring: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
10.5 Supply Chain Management and Operational Automation/Visibility
10.5.1 Overview
10.5.2 Supply Chain Management and Operational Automation/Visibility: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
11. Asia Pacific Real-Time Location Systems Market – Country Analysis
11.1 Asia Pacific Market Overview
11.1.1 Asia Pacific: Real-Time Location Systems Market – Revenue and Forecast Analysis – by Country
11.1.1.1 Asia Pacific: Real-Time Location Systems Market – Revenue and Forecast Analysis – by Country
11.1.1.2 Australia: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
11.1.1.2.1 Australia: Real-Time Location Systems Market Breakdown, by Offering
11.1.1.2.2 Australia: Real-Time Location Systems Market Breakdown, by Technology
11.1.1.2.3 Australia: Real-Time Location Systems Market Breakdown, by Technology
11.1.1.2.4 Australia: Real-Time Location Systems Market Breakdown, by Industry Vertical
11.1.1.2.5 Australia: Real-Time Location Systems Market Breakdown, by Application
11.1.1.3 China: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
11.1.1.3.1 China: Real-Time Location Systems Market Breakdown, by Offering
11.1.1.3.2 China: Real-Time Location Systems Market Breakdown, by Technology
11.1.1.3.3 China: Real-Time Location Systems Market Breakdown, by Technology
11.1.1.3.4 China: Real-Time Location Systems Market Breakdown, by Industry Vertical
11.1.1.3.5 China: Real-Time Location Systems Market Breakdown, by Application
11.1.1.4 India: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
11.1.1.4.1 India: Real-Time Location Systems Market Breakdown, by Offering
11.1.1.4.2 India: Real-Time Location Systems Market Breakdown, by Technology
11.1.1.4.3 India: Real-Time Location Systems Market Breakdown, by Technology
11.1.1.4.4 India: Real-Time Location Systems Market Breakdown, by Industry Vertical
11.1.1.4.5 India: Real-Time Location Systems Market Breakdown, by Application
11.1.1.5 Japan: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
11.1.1.5.1 Japan: Real-Time Location Systems Market Breakdown, by Offering
11.1.1.5.2 Japan: Real-Time Location Systems Market Breakdown, by Technology
11.1.1.5.3 Japan: Real-Time Location Systems Market Breakdown, by Technology
11.1.1.5.4 Japan: Real-Time Location Systems Market Breakdown, by Industry Vertical
11.1.1.5.5 Japan: Real-Time Location Systems Market Breakdown, by Application
11.1.1.6 South Korea: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
11.1.1.6.1 South Korea: Real-Time Location Systems Market Breakdown, by Offering
11.1.1.6.2 South Korea: Real-Time Location Systems Market Breakdown, by Technology
11.1.1.6.3 South Korea: Real-Time Location Systems Market Breakdown, by Technology
11.1.1.6.4 South Korea: Real-Time Location Systems Market Breakdown, by Industry Vertical
11.1.1.6.5 South Korea: Real-Time Location Systems Market Breakdown, by Application
11.1.1.7 Indonesia: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
11.1.1.7.1 Indonesia: Real-Time Location Systems Market Breakdown, by Offering
11.1.1.7.2 Indonesia: Real-Time Location Systems Market Breakdown, by Technology
11.1.1.7.3 Indonesia: Real-Time Location Systems Market Breakdown, by Technology
11.1.1.7.4 Indonesia: Real-Time Location Systems Market Breakdown, by Industry Vertical
11.1.1.7.5 Indonesia: Real-Time Location Systems Market Breakdown, by Application
11.1.1.8 Singapore: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
11.1.1.8.1 Singapore: Real-Time Location Systems Market Breakdown, by Offering
11.1.1.8.2 Singapore: Real-Time Location Systems Market Breakdown, by Technology
11.1.1.8.3 Singapore: Real-Time Location Systems Market Breakdown, by Technology
11.1.1.8.4 Singapore: Real-Time Location Systems Market Breakdown, by Industry Vertical
11.1.1.8.5 Singapore: Real-Time Location Systems Market Breakdown, by Application
11.1.1.9 Malaysia: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
11.1.1.9.1 Malaysia: Real-Time Location Systems Market Breakdown, by Offering
11.1.1.9.2 Malaysia: Real-Time Location Systems Market Breakdown, by Technology
11.1.1.9.3 Malaysia: Real-Time Location Systems Market Breakdown, by Technology
11.1.1.9.4 Malaysia: Real-Time Location Systems Market Breakdown, by Industry Vertical
11.1.1.9.5 Malaysia: Real-Time Location Systems Market Breakdown, by Application
11.1.1.10 Taiwan: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
11.1.1.10.1 Taiwan: Real-Time Location Systems Market Breakdown, by Offering
11.1.1.10.2 Taiwan: Real-Time Location Systems Market Breakdown, by Technology
11.1.1.10.3 Taiwan: Real-Time Location Systems Market Breakdown, by Technology
11.1.1.10.4 Taiwan: Real-Time Location Systems Market Breakdown, by Industry Vertical
11.1.1.10.5 Taiwan: Real-Time Location Systems Market Breakdown, by Application
11.1.1.11 Rest of Asia Pacific: Real-Time Location Systems Market – Revenue and Forecast to 2030 (US$ Million)
11.1.1.11.1 Rest of Asia Pacific: Real-Time Location Systems Market Breakdown, by Offering
11.1.1.11.2 Rest of Asia Pacific: Real-Time Location Systems Market Breakdown, by Technology
11.1.1.11.3 Rest of Asia Pacific: Real-Time Location Systems Market Breakdown, by Technology
11.1.1.11.4 Rest of Asia Pacific: Real-Time Location Systems Market Breakdown, by Industry Vertical
11.1.1.11.5 Rest of Asia Pacific: Real-Time Location Systems Market Breakdown, by Application
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
13. Company Profiles
13.1 Aruba Networks
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 AiRISTA Flow Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Qorvo Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Impinj Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Siemens AG
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Zebra Technologies Corp
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Sonitor Technologies AS
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Stanley Black & Decker Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Ubisense Ltd
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index