Real Time Location System Market Share, Size Analysis 2021 Global Industry Drivers, Top Manufacturers, Recent Trends, Manufacturing Technology and Regional Growth Overview Forecast to 2025

The Real-Time Locating Systems (RTLS) Market was valued at over USD 3.35 billion in 2019, and it is expected to register a CAGR of 25.1% during 2020-2025.

The Global Real Time Location System Market Research Report 2021-2025 is a significant source of keen information for business specialists. It furnishes the business outline with development investigation and historical and futuristic cost analysis, Real Time Location System market income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the worth chain and its wholesaler examination. The Real Time Location System Market study gives extensive information which upgrades the agreement, degree, and use of this report.

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Top Companies in the Global Real Time Location System Market are - Ubisense Group PLC, AeroScout, Inc., TeleTracking Technologies, Inc., Savi Technology, Zebra Technologies, CenTrak Healthcare company, Ekahau, Inc., Midmark Corporation, Identec Group AG, Sonoitor Technologies, Inc., Awarepoint Corporation (Centrak Inc.), Kontact.io, Alien Technology, Stanley Healthcare, Impin

Key Market Trends On Real Time Location System-

Healthcare Industry Offers Potential Growth

- At present, hospitals are facing unprecedented challenges with the ongoing pandemic. Some of the other serious problems faced by the healthcare sector are aging populations and staff shortages that place enormous pressure on institutions, doctors, workers, patients, and communities. _

- Many are looking for ways to cut costs, improve efficiency, but still provide the quality of care their patients need. As per the WHO, the shortage of global healthcare workers may rise to over 14 million in 2030, with clinicians expected to face ever-increasing workloads._

- As a result, there is a higher demand for services and support that may revamp the existing resources and methods. For these reasons, healthcare management teams are looking at real-time location systems (RTLS) to overcome some of their challenges._ Moreover, the increasing trend of connected wearables is further boosting the market growth.

Competitive Landscape On Real Time Location System Market-

In January 2020 - Silicon Labs and Quuppa collaborated to deliver a highly accurate indoor asset tracking solution based on the BLE direction finding feature with advanced angle-of-arrival (AoA) technology. It is designed for indoor positioning, navigation, and asset and people tracking applications for several industries, including hospitals. _

- In September 2019 - Connexient announced a strategic partnership with Intelligent Locations to deliver enterprise-class Digital Wayfinding and RTLS services to healthcare customers. By joining forces, Connexient and Intelligent Locations may leverage a common BLE Beacon infrastructure. It deployed the Unified Location Architecture at all four hospitals in the Cone Health System (Greensboro, NC)._

Regional Analysis On Real Time Location System Market-

Asia-Pacific to Witness the Fastest Growth

- Asia-Pacific market is expected to grow at the fastest rate during the forecasted period because of the increasing number of the working population, and the booming healthcare industry in emerging economies of the world i.e. India and China.

- Moreover, according to the Indian Brand Equity Foundation, the manufacturing sector of India has the potential to reach USD 1 trillion by 2025 and India is expected to rank among the top three growth economies and manufacturing destinations of the world by the year 2020. This creates a huge opportunity for RTLS in warehouse management and during shipping and logistics.

- Further, Japan is hosting Summer Olympics 2021 which will require tracking of goods and authorized persons in real-time to ensure the smooth running of the events. This is anticipated to propel the growth of the real-time location system market during the forecast period.

Prime Takeaways:

The Real Time Location System Market report covers profiling of key market player with overall business operations, news coverage, product portfolio, geographic presence, and financial status.
Value chain analysis, which is combined with competitive landscape of key players of the Real Time Location System
Market size and forecast of the Real Time Location System market for the period from 2021 to 2025.
Global presence of the market, market dynamics and evaluation by upstream and downstream of raw materials.
CAGR% for individual segments in various regional markets for a period from 2021 to 2025.

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