Global Real-time Location Systems in Sports (RTLS) Market Share Is Expected To Grow At A CAGR Of 26.10% By 2028

19-Sep-2022 | Facts and Factors

According to Facts and 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.

Global Real-Time Location Systems in Sports RTLS Market Size

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A solution called real-time location systems (RTLS) consists of devices like tags or badges worn by people or things and periodically broadcast real-time position data to observers or sensors for locating people or things. Real-time location systems (RTLS) are used to track the locations of objects, assets, or people in real-time monitoring. It is achieved by the use of tags in the tracked item. Stationary receivers or readers pick up the tags' signals to pinpoint the location. In the world of sports, in-game player tracking, player training tracking, and asset tracking are the three main applications of RTLS.

Browse the full “Real-Time Location Systems in Sports (RTLS) Market Size, Share, Growth Analysis Report By Component (Tags, Software, Sensors, and Services), By Technology (Passive RFID & Active RFID consisting of Bluetooth, GPS, Ultra-Wideband, Wi-Fi, Zigbee, and Others), By Application (Player Training Tracking, In-Game Player Tracking, and Asset Tracking), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/real-time-location-systems-in-sports-rtls-market

Furthermore, radio waves and other wireless systems are used by the audience or viewers to communicate with the tag. They collect and analyze tag signals. To deliver the specific location in real-time, they send the signals to the application software tool, which analyses and correlates the data. The real-time location systems in sports (RTLS) are based on wireless technologies like RFID, UWB or ultra-wideband, Bluetooth, and GPS.

Sports organizations are looking for new ways to sell the game and bring it closer to the spectators, driving a rise in the demand for data analytics in the sports business. Substantial sports media and broadcasting investments also spark the adoption of RTLS in the sports business. Numerous RTLS tools are being used by sports organizations worldwide to teach players and monitor their on-field performance. The application of RTLS-enhanced wearable sports instruments is mostly found in sports analytics. It is utilized in crucial decision-making processes for various sports and games, including basketball, football, golf, and tennis.

Additionally, several player behaviors, including speed, heart rate, distance traveled, and respiration, are tracked using the device. The apparatus can also input information on parameters like speed and distance as well as the potential of harm or tiredness. It can evaluate a person's level of fitness and athletic performance. It indicates that the heightened degree of competitiveness in the sports sector will present lucrative expansion prospects for the global real-time location systems in sports (RTLS) market over the anticipated time frame. Real-time positioning systems will be more widely accepted at sporting events due to considerable investments in sports media & transmission, which will further speed up the market's growth throughout the projected period.

The global real-time location systems in the sports (RTLS) market have been segmented into component, technology, application, and region. The real-time location systems in the sports (RTLS) market is divided into tags, software, sensors, & services based on component. In 2021, the tags segment dominated the global real-time location systems in the sports (RTLS) market. Based on the technology, the 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. Based on application, the market is divided into player training tracking, in-game player tracking, and asset tracking. In 2021, the player training tracking dominated the global market.

The global real-time location systems in sports (RTLS) market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. North America dominated the global market for real-time location systems in sports (RTLS) in 2021. The rise of the regional market is driven by the rising acceptance of RTLS solutions in athletic events in countries like the United States and Canada. Adopting real-time location systems and technological improvements are the reasons behind this region's market expansion. The technology helps raise employee accountability across organizations, reduce operating costs, and boost system performance. Sports real-time location systems (RTLS) sector leaders are grabbing opportunities through deals, partnerships, and acquisitions. Other strategies employed by businesses in this sector to strengthen their market position included product development, expansion, and R&D expenditures.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 3,725.70 Million

Projected Market Size in 2028

USD 14,979.54 Million

CAGR Growth Rate

26.10% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

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.

Key Segment

By Component, Technology, Application, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

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Key players in the global real-time location systems in sports (RTLS) market include 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, and BlueIOT.

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 consisting 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

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