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Global Real-Time Locating System Market Analysis 2018 Focusing on Top Companies like STANLEY Healthcare, Savi Technology, Sonitor, TeleTracking, CenTrak, Decawave, Ubisense, AeroScout, PINC, Skytron, Motorola Solutions, Zebra Technology Corp, Versus Techn
Press release from: Data Bridge Market Research
The Global Real-Time Locating System Market report executes the great study of Price and Gross Margin, Capacity, Production, Revenue, current Global Real-Time Locating System market’s geographical zones, technology, demand-supply, Consumption, Import, Export, Market Drivers and Opportunities. The report also explains in deep what the market definition, classifications, applications and market are. This research study is a valuable source of understanding data for business strategies, growth analysis, historical & futuristic cost, demand and supply data.
The Global Real-Time Locating System Market is expected to reach USD 9.42 billion by 2025 from USD 2.89 billion in 2017 and is projected to grow at a CAGR of 11.8% in the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Global Real-Time Locating System Market, By Offering (Hardware, Software, Service), Technology (RFID, W-Fi, UWB, BLE), Application (Healthcare, Transportation, Logistics, Manufacturing, Process Industries, Government, Defense, Hospitality, Retail, Others (Academics, Warehousing, Yards and Docks Monitoring)), Geographical Segments (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to 2025
STANLEY Healthcare ,
Savi Technology ,
TeleTracking Technologies, Inc.,
Motorola Solutions, Inc.
Zebra Technologies Corporation,
Versus Technology, Inc.,
Real time location system (RTLS) is applied to track and recognize various assets and objects on real time basis. RTLS offers accurate information on several assets through communication between the local engine and the object to be tracked in various organizations. Crucial application segments contain transportation logistics, manufacturing & process industries, healthcare and retail. The solutions provided for healthcare amenities help in improving clinical excellence by capturing workflow proficiencies and cost reduction. Government support endorsing the procedure of Real-Time-Locating system (RTLS) and decreasing prices of Real-Time-Locating system (RTLS) components which have also maintained the market’s growth. In the term of end-user, it is used for technology sector which raise the growth for accepting Zig-bee and UWB (Ultra- wide band).
In 2010, Zebra Enterprises Solution introduced the next generation Ultra- Wideband real time locating system, which is applicable in explosive and hazardous environments.
In 2009, Awarepoint Corporation launcheD Enterprise-wide Installation for real time awareness solution, which is beneficial in managing hardware, software, remote monitoring and maintainence.
Market Drivers and Restraints:
Increasing demand in RFID (Radio frequency identification detection) in tracking system.
Growing demand in Wi-Fi protected Access, which limit the physical areas.
Research and development took place to improve the WLAN in physical location.
Rising demand for fleet tracking, inventory & asset tracking.
Distortion due to high cost of establishment.
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The market is based on offering type, technology, applications and geographical segments.
Based on offering type, the market is segmented into hardware, software and service.
Based on technology, the market is segmented into RFID, W-Fi, UWB and BLE.
Based on applications, healthcare, transportation and logistics, manufacturing and process industries, government and defense, hospitality and retail, others. The others segment is sub segmented into academics, warehousing, yards and docks monitoring.
Based on geography, the market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
The global real-time locating system market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of real-time locating system market for global, Europe, North America, Asia Pacific and South America.
In 2011, Sonitor technologies launched Wireless receiver infrastructure for healthcare facilities.
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