Real Time Location System (RTLS) Market 2022, Key Players Investment Research and Professional Survey Report By 2027

According to the latest report by IMARC Group, titled "Real Time Location System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" The global real time location system market reached a value of US$ 4.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 19.8 Billion by 2027, exhibiting a CAGR of 29.16% during 2022-2027.

A real-time location system (RTLS) is capable of detecting and tracking the geolocation of any objects in real-time. The primary purpose of RTLS is to get real-time data and automatically identify the target. It comprises specialized fixed receivers or readers that receive wireless signals from ID badges or tags affixed to items of interest or people to establish their location within a building or other limited indoor or outdoor environment. It can be programmed to send highly accurate data in real-time if used with a combination of advanced applications and software. It has been proven to be lifesaving in specific scenarios, such as fire evacuation, or a natural calamity, such as an earthquake.

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Global Real Time Location System Market Trends:

The global market is primarily driven by the increasing demand in the healthcare industry. In line with this, the rising penetration of ultra-wideband (UWB) technology-based RTLS solutions that provide highly accurate positioning data and high accuracy and range with low power consumption is positively influencing the market. Furthermore, the growing demand for RTLS solutions from the sports, entertainment, and automotive sectors is catalyzing the market. Moreover, the easy availability of indoor tracking is encouraging the healthcare sector to opt for RTLS, thus favoring the market growth. Besides, the widespread usage of Bluetooth Low-Energy (BLE) solutions is strengthening the product demand.

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Key Market Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

• AeroScout Inc.
• AiRISTA
• Alien Technology
• Axcess International Inc.
• CenTrak Healthcare Company
• DecaWave Limited
• Ekahau Inc.
• Identech Group AG
• Impinj
• Savi Technology
• Sonitor Technologies
• Stanley Healthcare
• TeleTracking Technologies
• Ubisense Group
• Zebra Technologies

Breakup by Component:

• Hardware
• Software
• Services

Breakup by Technology:

• RFID
• Wi-Fi
• UWB
• BLE
• Infrared (IR)
• Ultrasound
• GPS
• Others

Breakup by Application:

• Inventory/Asset-Tracking & Management
• Personnel/Staff-Locating & Monitoring
• Access Control/Security
• Environmental Monitoring
• Yard, Dock, Fleet Warehouse-Management & Monitoring
• Supply Chain Management & Operational Automation/Visibility
• Others

Breakup by Vertical:

• Healthcare
• Manufacturing & Automotive
• Retail
• Transportation & Logistics
• Government & Defense
• Education
• Oil & Gas, Mining
• Sports & Entertainment
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance 2016-2021
• Market Outlook 2022-2027
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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