Real Time Location Systems (RTLS) Market 2023 - Industry Opportunities, Scope, Trends, Growth Drivers And Forecast To 2032 || Zebra Technologies Corp., Stanley Healthcare, CenTrak Inc., Ubisense Group PLC

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Real Time Location Systems (RTLS) Market Size, Growth Rate, And Forecast

The global real-time location systems (RTLS) market size grew from $7.13 billion in 2022 to $9.2 billion in 2023 at a compound annual growth rate (CAGR) of 29.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The real-time location systems (RTLS) market size is expected to grow to $25.29 billion in 2027 at a CAGR of 28.8%.

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Real Time Location Systems (RTLS) Market Drivers

The increasing demand for smartphones is expected to propel the growth of the real-time location system (RTLS) market in the coming years. A smartphone is a portable electronic device that connects to a cellular network. Smartphones enable users to make phone calls, deliver text messages and connect to the internet. The growing population across the globe has led to an increase in the demand for smartphone. Smartphones are used for incident response and emergency management because of real-time location system (RTLS) innovation, which is used to automatically spot and track the destination of objects or people in real-time. For instance, according to the Mobile User Statistics report, in 2021, there will be 3.8 billion smartphone users worldwide, accounting for 48.33% of the global population. Therefore, the increasing demand for smartphones drives the growth of the real-time location system (RTLS) market.

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Real Time Location Systems (RTLS) Market Segments

• By Component: Hardware, Software, Service

• By Technology: RFID, Wi-Fi, Ultra-wideband (UWB), Bluetooth Low Energy (BLE), Ultrasound, Infrared (IR), GPS, Other Technologies

• By Application: Inventory Or Asset Tracking And Management, Personnel Or Staff Locating And Monitoring, Access Control And Security, Environmental Monitoring, Supply Chain Management And Operational Automation Or Visibility, Other Applications

• By End Use Industry: Transportation And Logistics, Healthcare, Retail, Manufacturing And Processing, Other End User Industries

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the real time location systems (RTLS) market.

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Real Time Location Systems (RTLS) Market Key Players
Major competitors in the real-time location systems market are Zebra Technologies Corp., Stanley Healthcare, CenTrak Inc., Ubisense Group PLC., TeleTracking Technologies Inc., Sonitor Technologies AS, AeroScout Industrial.

The Business Research Company's "Global Real Time Location Systems (RTLS) Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Real Time Location Systems (RTLS) Market Include:
1. Executive Summary
2. Real Time Location Systems (RTLS) Market Characteristics
3. Real Time Location Systems (RTLS) Market Trends And Strategies
4. Real Time Location Systems (RTLS) Market - Macro Economic Scenario
5. Real Time Location Systems (RTLS) Market Size And Growth
………………
27. Real Time Location Systems (RTLS) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Real Time Location Systems (RTLS) Market
29. Real Time Location Systems (RTLS) Market Future Outlook and Potential Analysis
30. Appendix

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