Press release
Real-Time Locating Systems (RTLS) Market Size - Industry Share 2022
Real-Time Locating Systems (RTLS)
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The Real-Time Locating Systems market was valued at USD 1.42 billion in 2015 and is expected to reach USD 8.09 billion by 2022, at a CAGR of 24.5% during the forecast period. The requirement for resource utilization and workflow optimization in several industries, rising market competitiveness, increasing technological advancements, and high return on investment are the major drivers for the RTLS market. Factors such as lack of awareness, system incompatibility, lack of uniform standards and interoperability are restraining the growth of the RTLS market.
Manufacturing industry poses a huge market potential for the RTLS solutions mainly because of the increasing awareness and rising adoption level of such solutions as well as high industrial growth activities, especially in developing geographic regions such as Asia-Pacific and RoW. Automotive and aerospace are the two leading industries in manufacturing with huge growth and market potential.
The benefits provided by UWB technology in diverse application sectors, ranging from healthcare to defense, are the prime factors responsible for the high growth of this technology in the RTLS market, worldwide. The increase in demand for solutions based on UWB technology in manufacturing and healthcare industries, to locate and track the exact location of objects which cannot be tracked by RFID or Wi-Fi technologies due to obstructions such as hard concrete wall is expected to drive the RTLS market for UWB technology.
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Key Points From Table Of Content :
Company Profiles :
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
• Introduction
• Zebra Technologies Corp.
• Stanley Healthcare
• Impinj, Inc.
• SAVI Technology
• Ubisense Group PLC.
• Airista, LLC.
• Centrak, Inc. (U.S.)
• Versus Technology, Inc.
• Identec Group AG
• Redpine Signals, Inc.
• Decawave Ltd.
• Awarepoint Corp. (U.S.)
• Bespoon Sas.
Premium Insights :
• Attractive Opportunities for the Growth of the Real-Time Locating Systems Market
• Software Segment in RTLS Market Expected to Grow at the Highest Rate Between 2016 and 2022
• UWB Technology in the Market
• Expected to Grow at the Highest Rate Between 2016 and 2022
• RTLS Market in APAC Expected to Grow at the Highest Rate Between 2016 and 2022
• RTLS Market in Manufacturing Industry Expected to Grow at the Highest Rate Between 2016 and 2022
Research Coverage:
This research report categorizes the RTLS market on the basis of offering, technology, vertical, application and geography. It also provides the Porter’s five forces analysis, along with the description of each of its forces and their impact on the RTLS market. The report also discusses major drivers, restraints, challenges, and opportunities for the market.
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