| Product Code: ETC4447285 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India real-time location systems market demonstrated strong growth with a notable CAGR from 2020 to 2024. However, the growth rate experienced a significant decline between 2023 and 2024. Overall, the market expansion showed signs of slowing down towards the end of the period, indicating a potential stabilization in the near future.
The India Real-Time Location Systems (RTLS) market has witnessed significant growth, driven by its applications in diverse sectors, including healthcare, logistics, manufacturing, and retail. RTLS technology enables the precise tracking and monitoring of assets, personnel, and inventory in real time, leading to improved operational efficiency and safety. In healthcare, RTLS is used for tracking patients, medical equipment, and staff, enhancing patient care and resource utilization. The logistics and manufacturing sectors benefit from accurate inventory tracking and process optimization. The e-commerce boom in India has further fueled the demand for RTLS in logistics and warehousing. As industries increasingly recognize the value of real-time data, the RTLS market is poised for continued expansion.
The India Real-Time Location Systems (RTLS) market is thriving thanks to its wide-ranging applications across industries. RTLS solutions, powered by technologies like RFID and GPS, provide real-time tracking and visibility of assets, personnel, and inventory. Businesses in India are increasingly recognizing the efficiency and security benefits of RTLS. For instance, healthcare facilities use RTLS to track medical equipment and patients, enhancing patient care and reducing operational costs. The e-commerce and logistics sectors utilize RTLS for better inventory management and delivery optimization. These technologies also find applications in the manufacturing and construction sectors, improving workplace safety and efficiency. As the India economy grows, the demand for real-time location systems is set to escalate further.
Challenges in the RTLS market include the need for a robust IT infrastructure and concerns about privacy and data security. Implementing RTLS solutions may also require changes in workflow and practices, which can meet resistance in some industries.
The COVID-19 pandemic significantly impacted the real-time location systems market in India. With the need for social distancing and contact tracing, demand surged in healthcare and logistics. However, other sectors like retail and manufacturing faced slowdowns. The market adapted with innovations in remote monitoring and safety solutions.
Key players in the India RTLS market are Zebra Technologies Corporation, Stanley Black & Decker, Impinj Inc., CenTrak, and Decawave Ltd.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Real-Time Location Systems Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Real-Time Location Systems Market Revenues & Volume, 2021 & 2031F |
3.3 India Real-Time Location Systems Market - Industry Life Cycle |
3.4 India Real-Time Location Systems Market - Porter's Five Forces |
3.5 India Real-Time Location Systems Market Revenues & Volume Share, By Offering , 2021 & 2031F |
3.6 India Real-Time Location Systems Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 India Real-Time Location Systems Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 India Real-Time Location Systems Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 India Real-Time Location Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for efficient supply chain management solutions |
4.2.2 Growing adoption of IoT and connected devices in various industries |
4.2.3 Government initiatives promoting the use of real-time location systems in India |
4.3 Market Restraints |
4.3.1 High initial investment and implementation costs |
4.3.2 Concerns regarding data security and privacy |
4.3.3 Lack of skilled professionals in the field of real-time location systems |
5 India Real-Time Location Systems Market Trends |
6 India Real-Time Location Systems Market, By Types |
6.1 India Real-Time Location Systems Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 India Real-Time Location Systems Market Revenues & Volume, By Offering , 2021-2031F |
6.1.3 India Real-Time Location Systems Market Revenues & Volume, By Hardware, 2021-2031F |
6.1.4 India Real-Time Location Systems Market Revenues & Volume, By Software, 2021-2031F |
6.1.5 India Real-Time Location Systems Market Revenues & Volume, By Services, 2021-2031F |
6.2 India Real-Time Location Systems Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 India Real-Time Location Systems Market Revenues & Volume, By RFID, 2021-2031F |
6.2.3 India Real-Time Location Systems Market Revenues & Volume, By Wi-Fi, 2021-2031F |
6.2.4 India Real-Time Location Systems Market Revenues & Volume, By UWB, 2021-2031F |
6.2.5 India Real-Time Location Systems Market Revenues & Volume, By Bluetooth Low Energy (BLE), 2021-2031F |
6.2.6 India Real-Time Location Systems Market Revenues & Volume, By Infrared (IR), 2021-2031F |
6.2.7 India Real-Time Location Systems Market Revenues & Volume, By Ultrasound, 2021-2031F |
6.2.8 India Real-Time Location Systems Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 India Real-Time Location Systems Market Revenues & Volume, By Others, 2021-2031F |
6.3 India Real-Time Location Systems Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Real-Time Location Systems Market Revenues & Volume, By Inventory/asset tracking & management, 2021-2031F |
6.3.3 India Real-Time Location Systems Market Revenues & Volume, By Personnel/staff locating & monitoring (includes patient tracking), 2021-2031F |
6.3.4 India Real-Time Location Systems Market Revenues & Volume, By Access control/security, 2021-2031F |
6.3.5 India Real-Time Location Systems Market Revenues & Volume, By Environmental monitoring, 2021-2031F |
6.3.6 India Real-Time Location Systems Market Revenues & Volume, By Yard, dock, fleet & warehouse management & monitoring, 2021-2031F |
6.3.7 India Real-Time Location Systems Market Revenues & Volume, By Supply chain management & operational automation/visibility, 2021-2031F |
6.4 India Real-Time Location Systems Market, By Vertical |
6.4.1 Overview and Analysis |
6.4.2 India Real-Time Location Systems Market Revenues & Volume, By Healthcare, 2021-2031F |
6.4.3 India Real-Time Location Systems Market Revenues & Volume, By Manufacturing and automotive, 2021-2031F |
6.4.4 India Real-Time Location Systems Market Revenues & Volume, By Retail, 2021-2031F |
6.4.5 India Real-Time Location Systems Market Revenues & Volume, By Transportation and logistics, 2021-2031F |
6.4.6 India Real-Time Location Systems Market Revenues & Volume, By Government and defense, 2021-2031F |
6.4.7 India Real-Time Location Systems Market Revenues & Volume, By Education, 2021-2031F |
6.4.8 India Real-Time Location Systems Market Revenues & Volume, By Sports & entertainment, 2021-2031F |
6.4.9 India Real-Time Location Systems Market Revenues & Volume, By Sports & entertainment, 2021-2031F |
7 India Real-Time Location Systems Market Import-Export Trade Statistics |
7.1 India Real-Time Location Systems Market Export to Major Countries |
7.2 India Real-Time Location Systems Market Imports from Major Countries |
8 India Real-Time Location Systems Market Key Performance Indicators |
8.1 Percentage increase in the number of IoT devices connected to real-time location systems |
8.2 Reduction in average delivery times for companies implementing real-time location systems |
8.3 Increase in the number of partnerships and collaborations between real-time location system providers and Indian businesses |
9 India Real-Time Location Systems Market - Opportunity Assessment |
9.1 India Real-Time Location Systems Market Opportunity Assessment, By Offering , 2021 & 2031F |
9.2 India Real-Time Location Systems Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 India Real-Time Location Systems Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 India Real-Time Location Systems Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 India Real-Time Location Systems Market - Competitive Landscape |
10.1 India Real-Time Location Systems Market Revenue Share, By Companies, 2024 |
10.2 India Real-Time Location Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here