The Europe real-time location systems market was valued at US$ 1.31 billion in 2022 and is expected to reach US$ 8.76 billion by 2030; it is estimated to record a CAGR of 26.7% from 2022 to 2030.
Also, the proportion of e-shoppers grew to 75% in 2022 from 55% in 2012, an increase of 20% over the last decade. Many shoppers in Europe prefer online shopping platforms such as Amazon, Target, and Walmart, which majorly drives the growth of the e-commerce sector in Europe. The growing demand for online shopping is pushing companies to make retail cost-efficient and faster, which raises the need to optimize supply chain management and build robust solutions to meet the demands.
In the e-commerce sector, the real-time location system helps monitor and locate goods and provides resourceful insights to distribution center operators to make data-driven decisions rather than relying on educated guesses. Thus, the growing e-commerce sector and the increasing need for making data-driven decisions drive the Europe real-time location system market growth.
Thus, due to the growing oil and gas exploration in the region, the need to monitor overall operation at the plant has become necessary to provide alerts at the time of any disaster. Here, RTLS can help track the location of personnel and assets on the floating platforms, refineries, tools and equipment warehouses, and drilling rigs. Also, using sensors, the system helps gather critical data, such as the temperature of LNG pipelines and H2S gas leak detection. Thus, due to the above benefits, the demand for RTLS in the oil & gas industry in Europe is expected to rise during the forecast period.
Along with the oil & gas industry, the demand for RTLS is also expected to increase in manufacturing, automotive, construction, and other industries, as it helps monitor and improve the operations in the above industries. Because of the rising demand for RTLS, the market players in the region are continuously working on advancing their solutions. For instance, in March 2023, Quuppa, a Finland-based technology provider for RTLS and indoor positioning systems, announced its partnership with Panasonic Industry to enable Bluetooth functionality for Logiscend Software 3.0.
Under this partnership, Quuppa's system is combined with Panasonic VIEW tags, which will further help eliminate paper and provide real-time instructions to the manufacturing floor. Thus, growing oil & gas industry and increasing innovations by market players in the region are fueling the growth of the Europe real-time location system market in the region.
Moreover, the real-time location systems market growth is driven by the rising demand for medical equipment, increasing competitiveness, and the growing establishment of startups in Europe. In addition, the majority of healthcare startups are attempting to use cutting-edge and novel technologies and services to address the ongoing medical challenges. Many healthcare startups including Mindstep, HealthHero, etc are entering developing markets with their RTLS-related goods and services. They have been providing the current players with intense competition. The market has become more competitive as a result of businesses offering innovative and tailored RTLS solutions for various industries.
Growing E-Commerce Sector Drives Europe Real-Time Location Systems Market
Since the COVID-19 pandemic, there has been a surge in online shopping across the world. E-commerce sales have witnessed a significant growth rate over recent years. According to the International Air Transport Association (IATA), in 2021, 2.14 billion people (i.e., ∼27.6% of the world's population) shopped for products from online portals. In 2021, the country generated ∼ US$ 1.5 trillion in revenue through the e-commerce sector, becoming the largest e-commerce market in the world. Also, Europe is a key region supporting e-commerce growth. According to Eurostat, in 2022, 91% of people aged 16-74 years in the European Union (EU) countries used the internet, of which ∼ 75% ordered goods or services online.Also, the proportion of e-shoppers grew to 75% in 2022 from 55% in 2012, an increase of 20% over the last decade. Many shoppers in Europe prefer online shopping platforms such as Amazon, Target, and Walmart, which majorly drives the growth of the e-commerce sector in Europe. The growing demand for online shopping is pushing companies to make retail cost-efficient and faster, which raises the need to optimize supply chain management and build robust solutions to meet the demands.
In the e-commerce sector, the real-time location system helps monitor and locate goods and provides resourceful insights to distribution center operators to make data-driven decisions rather than relying on educated guesses. Thus, the growing e-commerce sector and the increasing need for making data-driven decisions drive the Europe real-time location system market growth.
Europe Real-Time Location Systems Market Overview
The real-time location system market in Europe is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The region is witnessing significant investments in its oil & gas sector. The North Sea continues to be one of the prime sources for the oil & gas sector in Europe. Currently, there are several projects in the pipeline in the region. In May 2023, Neptune Energy announced that it had started production from its Adorf Z17 natural gas well in Germany. It is expected that the Adorf license will increase Neptune's production by 1,800 boed (barrels of oil equivalent per day) to ~6,300 boed.Thus, due to the growing oil and gas exploration in the region, the need to monitor overall operation at the plant has become necessary to provide alerts at the time of any disaster. Here, RTLS can help track the location of personnel and assets on the floating platforms, refineries, tools and equipment warehouses, and drilling rigs. Also, using sensors, the system helps gather critical data, such as the temperature of LNG pipelines and H2S gas leak detection. Thus, due to the above benefits, the demand for RTLS in the oil & gas industry in Europe is expected to rise during the forecast period.
Along with the oil & gas industry, the demand for RTLS is also expected to increase in manufacturing, automotive, construction, and other industries, as it helps monitor and improve the operations in the above industries. Because of the rising demand for RTLS, the market players in the region are continuously working on advancing their solutions. For instance, in March 2023, Quuppa, a Finland-based technology provider for RTLS and indoor positioning systems, announced its partnership with Panasonic Industry to enable Bluetooth functionality for Logiscend Software 3.0.
Under this partnership, Quuppa's system is combined with Panasonic VIEW tags, which will further help eliminate paper and provide real-time instructions to the manufacturing floor. Thus, growing oil & gas industry and increasing innovations by market players in the region are fueling the growth of the Europe real-time location system market in the region.
Moreover, the real-time location systems market growth is driven by the rising demand for medical equipment, increasing competitiveness, and the growing establishment of startups in Europe. In addition, the majority of healthcare startups are attempting to use cutting-edge and novel technologies and services to address the ongoing medical challenges. Many healthcare startups including Mindstep, HealthHero, etc are entering developing markets with their RTLS-related goods and services. They have been providing the current players with intense competition. The market has become more competitive as a result of businesses offering innovative and tailored RTLS solutions for various industries.
Europe Real-Time Location Systems Market Segmentation
- The Europe real-time location systems market is categorized into offering, technology, industry vertical, application, and country.
- Based on offering, the Europe 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 Europe 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 Europe 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 Europe 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 Europe real-time location systems market is segmented into Germany, France, Italy, Spain, the UK, Sweden, Belgium, Netherlands, and the Rest of Europe. Germany dominated the Europe real-time location systems market share in 2022.
- Aruba Networks, Qorvo Inc, Impinj Inc, Siemens AG, Zebra Technologies Corp, Sonitor Technologies AS, Stanley Black & Decker Inc, TeleTracking Technologies Inc, and Ubisense Ltd are some of the leading companies operating in the Europe real-time location systems market.
Market Highlights
- Based on offering, the Europe real-time location systems market is categorized into hardware, software, and services. The hardware segment held 67.7% market share in 2022, amassing US$ 891.37 million. It is projected to garner US$ 5.81 billion by 2030 to register 26.4% CAGR during 2022-2030.
- In terms of technology, the Europe real-time location systems market is categorized into RFID, UWB, BLE, Ultrasound, Infrared, GPS, Wi-Fi, and ZIGBEE. The BLE segment held 29.5% share of Europe real-time location systems market in 2022, amassing US$ 388.20 million. It is projected to garner US$ 2.33 billion by 2030 to expand at 25.2% CAGR from 2022 to 2030.
- The healthcare segment held 16.5% share of Europe real-time location systems market in 2022, amassing US$ 216.61 million. It is predicted to garner US$ 1.68 billion by 2030 to expand at 29.3% CAGR between 2022 and 2030.
- In terms of application, the Europe 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 28.2% share of Europe real-time location systems market in 2022, amassing US$ 371.57 million. It is estimated to garner US$ 2.39 billion by 2030 to expand at 26.2% CAGR during 2022-2030.
- This analysis states that Germany captured 21.7% share of Europe real-time location systems market in 2022. It was assessed at US$ 285.94 million in 2022 and is likely to hit US$ 2.46 billion by 2030, registering a CAGR of 30.9% during 2022-2030.
- In June 2022, Impinj unveiled the Impinj E910 RAIN RFID reader chip, offering high performance and low power consumption for next-generation enterprise IoT applications. With its smaller size and superior sensitivity, it met the demands of various industries while accelerating reader innovation and time-to-market for IoT device manufacturers.
- In April 2018, Siemens AG acquired the Chemnitz-based Agilion GmbH. This acquisition provides Siemens with the technology that enables highly precise localization within a range of just a few centimeters, tracking of a large number of different assets, and convenient commissioning.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe real-time location systems market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe real-time location systems market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the real-time location systems market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Europe Real-Time Location Systems Market Landscape
5. Europe Real-Time Location Systems Market - Key Market Dynamics
6. Real-Time Location Systems Market - Europe Market Analysis
7. Europe Real-Time Location Systems Market Analysis - by Offering
8. Europe Real-Time Location Systems Market Analysis - by Technology
9. Europe Real-Time Location Systems Market Analysis - by Industry Vertical
10. Europe Real-Time Location Systems Market Analysis - by Application
11. Europe Real-Time Location Systems Market - Country Analysis
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned
Some of the leading companies in the Europe Real-Time Location Systems market include:- Aruba Networks.
- Qorvo Inc.
- Siemens AG.
- Zebra Technologies Corp.
- Sonitor Technologies AS.
- Stanley Black & Decker Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | August 2024 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 1.31 Billion |
| Forecasted Market Value ( USD | $ 8.76 Billion |
| Compound Annual Growth Rate | 26.7% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 7 |
