Real-time location systems, also called real-time monitoring systems, are tools used to remotely identify and monitor the location of people or objects in real-time, normally within a large building or similar contained area. Some of the common uses for RMTs include monitoring safety, inventory control, and emergency preparedness. They can be used in closed or open buildings, and also in various situations where visual surveillance cannot readily locate or assess the status of a person or item. There are several components of a typical real-time location system that allow for the tracking of individuals and items.
Market Dynamics
Rising adoption in the healthcare sector is expected to boost the global real time location systems (RTLS) market growth over the forecast period. The adoption of RTLS solutions has increased in the healthcare sector particularly since it helps to provide real-time location of staff members and limits and controls asset movement as well as track valuable equipment and assets with the geofences. RTLS can also keep track of patient movement and location and all the hospital staff an infected patient has interacted with. This, in turn, can aid in reducing the spread of infection, especially in the case of COVID-19.
Increasing popularity of ultra-wideband technology-based RTLS solutions is expected to accelerate the global real-time location systems (RTLS) market growth in the near future.
Key features of the study:
- This report provides in-depth analysis of the real time location systems (RTLS) market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global real time location systems (RTLS) market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include AeroScout, Inc., Motorola Solutions Inc., Skytron LLC, PINC Solutions Corporation, Axcess International, Inc., Ubisense Group plc, Zebra Technologies Corporation, Awarepoint Corporation, and Sonitor Technologies AS.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global real time location systems (RTLS) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global real time location systems (RTLS) market
Detailed Segmentation:
- Global Real Time Location Systems (RTLS) Market, by Technology:
- RFID
- Wi-Fi
- ZigBee and UWB
- Ultrasound
- Infrared
- Others
- Global Real Time Location Systems (RTLS) Market, by End-use Industry:
- Healthcare
- Transportation & Logistics
- Manufacturing & Process Industry
- Government & Defence
- Hospitality & Retail
- Others
- Global Real Time Location Systems (RTLS) Market, By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Company Profiles
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- AeroScout, Inc.*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Motorola Solutions Inc.
- Skytron LLC
- PINC Solutions Corporation
- Axcess International, Inc.
- Ubisense Group plc
- Zebra Technologies Corporation
- Awarepoint Corporation
- Sonitor Technologies AS.
*Browse all the market data tables and figures on “Global Real Time Location Systems (RTLS) Market- Forecast to 2028”