RTLS Market Statistics 2020 | Trend & Regional Analysis To 2025

The RTLS market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the RTLS industry share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.

What are the important points that the RTLS market report covers with respect to the technology landscape?

o The report segments the RTLS market into Bluetooth Low Energy (BLE), GPS, infrared, Radio Frequency Identification (RFID), ultrasound, Ultra-Wide Band (UWB), WhereNet, Wi-Fi, and ZigBee communications as per the technology spectrum.
o The market share that each of the technology segments account for in the industry currently, are provided in the report.
o The growth rate at which the technology categories will increase over the forecast period have been mentioned, in tandem with the target valuation that each of the sub-segments will accrue by the end of the projected period.

The RFID technology is anticipated to have a majority share owing to its features such as high accuracy, minimal maintenance fee, and long battery life in comparison to the other wireless communication technologies. In addition, UWB technology is anticipated to grow at a high rate due to features such as usability in acceptable operating range, indoor & outdoor environments, low interference with other signals, and high-precision location identification, making UWB a significant technology in the RTLS market.

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What are the important points that the RTLS market report covers with respect to the applications landscape?

o The report segments the RTLS market into inventory & asset tracking & management, temperature & humidity monitoring, supply chain management, mapping & visualization, staff locating & monitoring, security, dock monitoring & warehousing, workflow & process automation, postal & courier services, and others as per the technology landscape.
o The market share that each of the applications types will account for in the industry are provided in the report.
o The growth rate which the applications segments will show over the forecast period in tandem with the valuation that each of the sub-segments will procure by the end of the projected period have been mentioned.

In inventory & asset tracking & management, the systems track vehicles' speed, geographical location, and analyze drivers' efficiency. Integrating GPS, mobile cellular technology, and mapping using RTLS will allow more intricate navigation facilities. This has stimulated the implementation of these devices, thereby driving the RTLS market growth.
Lack of uniform standards, interoperability, and system incompatibility coupled with lack of expertise and low awareness are the major factors hindering the RTLS market growth. However, owing to the several benefits presented by the systems, they are being favored and implemented by several companies for process automation. Increasing investments in R&D have cemented a path for further modernization of these systems.

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North America RTLS market held a high market share in 2016, which was majorly driven by growing number of applications in the healthcare segment coupled with the government support & initiatives from the administration. The U.S. market is a major contributor to the RTLS industry growth owing to the speedy adoption of RTLS technology in the healthcare sector. Moreover, the presence of major RTLS players in the U.S. is also driving the industry growth.

Other important pointers encompassed in the report:

o The RTLS market study presents a 360-degree synopsis of the industry in question, covering all the latest aspects possible.
o The numerous pricing trends prevalent in the RTLS industry are presented in the report.
o Pertaining to the competitive landscape, the report also includes a snippet about the financial data of the companies included.
o A gist of the regulatory norms governing the RTLS industry across the developed and developing economies has been enumerated in the study.
o For the sake of convenience, the RTLS industry report also explicates on the market definitions referred to in the document.

An inherent collection of pivotal deliverables, the RTLS market study strives to educate stakeholders and prominent investors about the plausible scenario that this industry may be defined by in the ensuing years. Comprising significant details subject to the industry impact forces, RTLS industry report also presents a SWOT analysis, Porter's analysis, and a gist on the industry pitfalls and challenges.

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