Real-Time Location Systems in Sports (RTLS) Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[229+ Pages Report]  According to the report published by Facts & Factors, the global real-time location systems in sports (RTLS) market size was worth USD 3,725.70 million in 2021 and is estimated to grow to USD 14,979.54 million by 2028, with a compound annual growth rate (CAGR) of approximately 26.10% over the forecast period. The report analyzes the real-time location systems in the sports (RTLS) market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the real-time location systems in the sports (RTLS) market.

Market Overview

Real-time location systems (RTLS) are a solution made up of tools like tags or badges worn by people or objects that periodically transmit real-time position data to viewers or sensors for locating objects or people. To track the location of things, assets, or people in real-time monitoring, real-time location systems (RTLS) are chosen. By incorporating tags into the tracked item, this is accomplished. Fixed receivers or readers pick up the tags' signals to determine the location. The main RTLS uses in the sports business are player in-game tracking, player training tracking, and asset tracking.

Additionally, the audience or watchers communicate with the tag using radio waves and other wireless systems. Tag signals are gathered and analyzed by them. They subsequently transmit the signals to the application software tool, which analyses and correlates the data to deliver the precise location in real-time. Wireless technologies such as RFID, UWB or ultra-wideband, Bluetooth, and GPS seem to be the foundation of RTLS.

COVID-19 Impact:

Some factors that have sustained the real-time location systems (RTLS) in the sports market have prevented the business from seeing sharp decreases in 2020. The need for a speedy recovery from China, increased digitization to improve workflows and increase efficiency, worries about worker safety, and COVID-19 containment strategies, including social or physical seclusion and contact tracing, are some of the primary motivators. The real-time location systems in the sports (RTLS) market is already returning to their development path when looking ahead to 2021.

Key Insights

• As per the analysis shared by our research analyst, the global real-time location systems in sports (RTLS) market value is expected to grow at a CAGR of 26.10% over the forecast period.
• In terms of revenue, the global real-time location systems in sports (RTLS) market size was valued at around USD 3,725.70 million in 2021 and is projected to reach USD 14,979.54 million by 2028.
• The two key factors driving the global market for real-time location systems in sports (RTLS) are the expansion of athletic events and the desire for advanced data integration solutions.
• By application, the player training tracking category dominated the market in 2021.
• By component, the tags category dominated the market in 2021.
• North America dominated the global real-time location systems in sports (RTLS) market in 2021.

Growth Drivers

• The massive use of RTLS-embedded wearable sports equipment drives the market growth

Wearable sports instruments with real-time location systems in sports (RTLS) incorporated are largely employed in sports analytics. The technology is used in key decision-making processes in a variety of sports & games like basketball, football, golf, and tennis. The device also tracks various player behaviors, such as speed, heart rate, distance traveled, and respiration. Additionally, the device can input variables like speed and distance and the likelihood of injury or exhaustion. It can assess a person's degree of fitness and performance in sports. Throughout the projected period, the increased level of competition in the sports industry will open up profitable growth opportunities for the global real-time location systems in sports (RTLS) market. Additionally, significant investment in sports media & broadcasting will increase the acceptance of real-time positioning systems at sporting events, further accelerating the market's growth over the projection period.

Restraints

• Lack of interoperability & incompatibility among various infrastructures may hinder the market growth

Lack of interoperability & incompatibility among various infrastructures and insufficient knowledge of real-time location systems can impede industry growth. However, despite promising growth prospects, the market for real-time location systems in sports (RTLS) is facing difficulties due to the significant sums of money needed to develop real-time location systems in sports (RTLS) technology. This is significantly impacting the entry of new firms into the market. The prices of the products always increase when there is less rivalry among the market players.

Segmentation Analysis

The global real-time location systems in sports (RTLS) market has been segmented into component, technology, application, and region.

Based on component, the real-time location systems in the sports (RTLS) market is segregated into tags, software, sensors, and services. In 2021, the tags segment dominated the global market. This is owing to the easy deployment of tags and it is connected through applications that help to track the location of the players. Furthermore, the spread of smartphones fuels the expansion of the tags segment. However, the sensors sector is predicted to increase fastest during the forecast period.

Based on the technology, the real-time location systems in the sports (RTLS)market is segregated into passive RFID & active RFID consisting of Bluetooth, GPS, ultra-wideband, Wi-Fi, Zigbee, and others. In 2021, the ultra-wideband category dominated the global real-time location systems in the sports (RTLS) market. The capacity of the ultra-wideband technology to support the operations & functionalities of the healthcare, logistics, and manufacturing sectors has contributed to the segment's growth throughout the projection period. Additionally, the decrease in ultra-wideband tags has resulted in the widespread use of ultra-wideband-based RTLS services.

Based on application, the real-time location systems in the sports (RTLS) market is divided into player training tracking, in-game player tracking, and asset tracking. In 2021, the player training tracking segment dominated the application segment in real-time location systems in sports 2021. Due to the availability issue of trainers in real-time and measuring the performance of the players this segment dominates in the market. Also, it is expected to continue its dominance in the market during the forecast period.

Report Scope

Regional Landscape

• North America dominated the real-time location systems in sports (RTLS) market in 2021

In 2021, North America dominated the global real-time location systems in the sports (RTLS) market. The increased acceptability of RTLS solutions in sporting activities in countries such as the United States and Canada drives regional market expansion throughout the forecast period. The market growth in this region can be ascribed to numerous factors, including technological advancements and the adoption of real-time location systems. The solution aids in increasing employee accountability across enterprises, lowering operating expenses, and improving overall system performance. Key participants in the sports real-time location systems (RTLS) industry are seizing opportunities through agreements, collaborations, and acquisitions. Other methods companies use to increase their market position in this market include product creation, growth, and R&D investments.

Competitive Landscape

• Savi Technology 
• TeleTracking Technologies 
• Ubisense 
• AiRISTA Flow 
• Sonitor (Connecticut) 
• Alien Technology 
• Stanley Black & Decker 
• Zebra Technologies 
• Aruba Networks 
• Impinj 
• Decawave (Ireland) 
• Redpine Signals 
• CenTrack 
• OpenRTLS 
• Litum Technologies 
• GE Healthcare 
• BlueIOT

The global Real-time Location Systems in Sports (RTLS) Market is segmented as follows:

By Component

• Tags
• Software
• Sensors
• Services

By Technology

• Passive RFID & Active RFID consist of Bluetooth Wi-Fi
• Ultra-Wideband
• GPS
• Zigbee
• Others

By Application

• Player training tracking
• In-game player tracking
• Asset tracking

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America