Real Time Location System Market To Reach USD 16.3 Billion By 2027 | CAGR 21.3% - Forencis Research

Real Time Location System (RTLS) Market Size, Share, Trends, Growth, Analysis, Research

Global Real Time Location System (RTLS) Market: Key Highlights

  • According to the new market research report “Real Time Location System (RTLS) Market by Type (ZigBee, RFID, Infrared, WhereNet, Wireless Fidelity (Wi-Fi), Bluetooth, Ultra-Wide Band (UWB)), by Application (Fleet Tracking, Navigation, Inventory & Asset Tracking, Personal Tracking, and Network Security), by End User Industry (Healthcare, Manufacturing, Logistics & Transport, Education, Oil & Gas, Government & Defense, Sports & Entertainment, and Others) by Region (North America Asia Pacific, Europe, Middle East and Africa,  South America) – Global Forecast (2019 to 2027)”, the global real time location system (RTLS) market is estimated to reach USD 16.3 Billion by 2027 at a CAGR of 21.3% during forecast period 2020-2027
  • Increasing global smartphone market and high industrial growth is expected to boost the real time location system market during the forecast period
  • Technical advancements in wireless connectivity technologies is expected to become an opportunity for global real time location system market during next seven years

Real Time Locating System (RTLS) Market

Global Real Time Location System (RTLS) Market: Key Market Dynamics

  • Location system awareness, optimum utilization of resources through efficient management and tracking are also expected to fuel the growth of the market during the forecast period
  • However, system incompatibility issues and lack of uniform standards & expertise is expected to hinder the growth of the RTLS market during the forecast period
  • Operational challenges are expected to become a challenge for the RTLS market

Global Real Time Location System (RTLS) Market: Regional Overview

  • North America

North America is expected to dominate the RTLS market during the forecast period due to the presence of global players, early adopters of new technologies and various government initiatives. The US is expected to hold the largest market share and Canada & Mexico are expected to grow at a stable rate during the forecast period.

  • Asia-Pacific

Asia-Pacific is expected to grow at a faster rate during the forecast period due to the increasing population, smart building initiatives, high presence of semiconductor manufacturing & telecom industries. Japan is an early adopter of RTLS solutions and will be expected to dominate the market during the forecast period. Moreover, China and India are expected to grow at a faster rate during the next seven years due to increasing investment in the defense and telecom sector.

Global Real-Time Location System (RTLS) Market: Key Players Overview

  • Zebra Technologies Corp.:

Zebra technologies Corporation engaged in the provision of products, services, and solutions to various end user industries such as retail, healthcare, transportation, logistics, and manufacturing. The company provides various products and services of barcode printing, mobile computing, data capture, location systems, data platforms, software, services, and supplies. For RTLS market, the company provide solutions named as MOTIONWORKS ASSET, MOTIONWORKS MATERIAL, MOTIONWORKS YARD, MOTIONWORKS SPORT, and SMARTLENS for RETAIL. Moreover, company provide various technological devices such as ultra wideband solutions, WhereNet, Zebra Bluetooth low energy devices, and RFID products.

  • Stanley Healthcare:

The company engages in the provision of providing services and solutions regarding asset management, security & protection, clinical operations & workflow, environmental monitoring, and patient & resident safety. The company provides AeroScout, a real-time locating system (RTLS) platform based on Wi-Fi based solution for monitoring location and status of people.

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Rep Id : SC 033

Published : 2020-02-04