At 22.5% CAGR, Middle East & Africa Real-Time Location Systems Market is Projected to be worth US$ 3,052.50 million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa real-time location systems market was valued at US$ 603.38 million in 2023 and is expected to reach US$ 3,052.50 million by 2031, registering a CAGR of 22.5% from 2023 to 2031. Rising demand for connected devices and the growing e-commerce sector are among the critical factors attributed to driving the Middle East & Africa real-time location systems market growth.

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.

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. In Sub-Saharan Africa, an underpenetrated market, the smartphone adoption rate is predicted to grow from 51% in 2022 to 87% by 2030. Moreover, simultaneous localization and mapping (SLAM) technology plays a crucial role in enhancing the functionality of connected devices, especially in environments where traditional GPS signals are weak or unavailable. SLAM helps devices such as smartphones, tablets, and wearable devices create a map of their environment and track their location in real time. This technology is important for applications such as underground tracking, indoor navigation, and environments where there is signal interference. For instance, miners working deep underground can benefit from SLAM to maintain situational awareness and ensure safety in the absence of the GPS. Also, in healthcare, wearables used by dementia patients can use SLAM to accurately track their movements, reducing the risk of patients getting lost or placing themselves in dangerous situations. As the demand for connected devices grows in industries that require precise location tracking, the integration of SLAM technology innovates and improves the capabilities of real-time location systems.

On the contrary, rising concerns regarding data privacy and security hamper the growth of Middle East & Africa real-time location systems market .

By offerings, the Middle East & Africa real-time location systems market is divided into hardware, software, and services. The hardware segment held a 68.2% share of Middle East & Africa real-time location systems market share in 2023, amassing US$ 411.58 million. It is projected to garner US$ 2,042.98 million by 2031 to register 22.2% CAGR during 2023–2031.

In terms of technology, the Middle East & Africa real-time location systems market is segmented into RFID, UWB, BLE, ultrasound, infrared, GPS, Wi-Fi, and ZIGBEE. The BLE segment held a 29.0% share of Middle East & Africa real-time location systems market share in 2023, amassing US$ 174.91 million. It is projected to garner US$ 795.03 million by 2031 to register 20.8% CAGR during 2023–2031.

Based on industry vertical, the Middle East & Africa real-time location systems market is segmented into retail, government and defense, manufacturing, healthcare, logistics, heavy industries, construction, oil and gas, automotive, and others. The healthcare segment held 15.8% share of Middle East & Africa real-time location systems market share in 2023, amassing US$ 95.56 million. It is projected to garner US$ 573.15 million by 2031 to register 25.1% CAGR during 2023–2031.

By application, the Middle East & Africa real-time location systems market is divided into personnel or staff locating and monitoring, environmental monitoring, access control and security, warehouse management and monitoring, supply chain management and operation automation or visibility, and others. The supply chain management and operation automation or visibility segment held 27.6% share of Middle East & Africa real-time location systems market share in 2023, amassing US$ 166.31 million. It is projected to garner US$ 818.65 million by 2031 to register 22.0% CAGR during 2023–2031.

Based on country, the Middle East & Africa real-time location systems market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 33.6% share of Middle East & Africa real-time location systems market in 2023. It was assessed at US$ 202.43 million in 2023 and is likely to hit US$ 1,012.24 million by 2031, registering a CAGR of 22.3% during 2023–2031.

Key players operating in the Middle East & Africa real-time location systems market are AiRISTA Flow Inc, Aruba Networks, Impinj Inc, Kudan Inc, Microsoft Corp, NavVis GmbH, Qorvo Inc, Sevensense Robotics AG, Siemens AG, Slamcore Ltd, Sonitor Technologies AS, Stanley Black & Decker Inc, TeleTracking Technologies Inc, Ubisense Ltd, and Zebra Technologies Corp, among others.

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