Report : 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)
Personnel/Staff Locating and Monitoring Segment to Dominate MEA Real-Time Location Systems Market during 2021–2028
According to a new market research study on “MEA Real-Time Location Systems Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Offering, Technology, Industry Vertical, and Application” is expected to reach US$ 1,618.42 million by 2028 from US$ 390.59 million in 2021. The market is estimated to grow at a CAGR of 22.5% from 2021 to 2028. The report provides trends prevailing in the MEA real-time location systems market along with the drivers and restraints pertaining to the market growth. Advent of IoT and industry 4.0 is the major factor driving the growth of the MEA real-time location systems market. However, issues associated with the security concerns regarding tag technology hinder the growth of MEA real-time location systems market.
The MEA real-time location systems market is segmented on the bases of offering, technology, industry vertical, application, and country. Based on offering, the MEA real-time location systems market is segmented into hardware, software, and services. The hardware segment dominated the market in 2020 and services segment is expected to be the fastest growing during the forecast period. Further, the hardware segment is categorized into tags/badges, readers/trackers/access points, and others. By technology, the market is segmented into radio frequency identification (RFID), Wi-Fi, ultra-wideband (UWB), Bluetooth Low Energy (BLE), ultrasound, Infrared (IR), GPS, and others. The Bluetooth Low Energy (BLE) segment dominated the market in 2020 and ultra-wideband (UWB) segment is expected to be the fastest growing during the forecast period. Based on industry vertical, the market is segmented into heavy industries, manufacturing, retail, oil & gas, automotive, transportation and logistics, construction, government and defense, education, and others. The retail segment dominated the market in 2020 and education segment is expected to be the fastest growing during the forecast period. By application, the market is segmented into personnel/staff locating and monitoring, access control and security, environmental monitoring, warehouse management and monitoring, supply chain management and operational automation/visibility, and others. The personnel/staff locating and monitoring segment dominated the market in 2020, and is expected to be the fastest growing during the forecast period. In terms of country, the MEA real-time location systems market is segmented into—UAE, Saudi Arabia, South Africa, and the rest of MEA.
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.
Aruba Networks; Siemens AG; Sonitor Technologies AS; Stanley Black & Decker, Inc.; and Zebra Technologies Corporation the leading companies in the MEA real-time location system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Aruba Networks announced the market's first enterprise-grade Wi-Fi 6E solution set- the 630 Series of campus access points (APs). The latest technology of Wi-Fi operates in the 6GHz band which is the largest expansion of WiFi capabilities in nearly two decades.
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