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Global Real-Time Locating System Market 2018 Analysis by Top Companies like STANLEY Healthcare, Savi Technology, Sonitor, TeleTracking, CenTrak, Decawave, Ubisense, AeroScout, PINC, Skytron, Motorola Solutions, Zebra Technology Corp, Versus Technology Pte
Global Real-Time Locating System Market - Industry Trends and Forecast to 2025
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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Market Definition:
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.
Market Segmentation:
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
Key Players:
STANLEY Healthcare ,
Savi Technology ,
Sonitor Technologies,
TeleTracking Technologies, Inc.,
CenTrak,
DECAWAVE,
Ubisense,
AeroScout International,
PINC Solutions,
SKYTRON,
Motorola Solutions, Inc.
Zebra Technologies Corporation,
Versus Technology, Inc.,
Awarepoint Corporation,
Cerner Corp.,
GE Healthcare,
STATSports Technologies,
AiRISTA Flow,
Alien Technology,
Aruba Networks,
Identec Group
many more.
Competitive Analysis:
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.
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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Market Segmentation:
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.
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Reasons to Purchase this Report
· Current and future of Global C-Arms Market outlook in the developed and emerging markets
· The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
· Regions/countries that are expected to witness the fastest growth rates during the forecast period
· The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report
· The report includes the complete segmentation displayed above across all above mentioned countries
About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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