Global Real Time Location Systems RTLS Market Overview 2024, Forecast To 2033
23 Feb, 2024
The real-time location systems (RTLS) market has experienced exponential growth, increasing from $9.22 billion in 2023 to $11.9 billion in 2024, with a 29.1% CAGR. This growth is attributed to increasing demand in manufacturing, logistics, and supply chain efficiency, retail inventory management, employee safety and productivity, and increased focus on patient care in healthcare. Looking ahead, the market is expected to reach $32.52 billion in 2028, with a 28.6% CAGR, driven by expansion in retail for customer experience, demand for social distancing solutions, focus on sustainability, use in sports and entertainment, and government initiatives for public safety. Major trends in the forecast period include indoor navigation solutions, growth in logistics and supply chain, ultra-wideband (UWB) technology adoption, cloud-based RTLS solutions, privacy concerns and ethical considerations, and integration with data analytics and AI.
Global Real Time Location Systems RTLS Market Key Driver
The real-time location system (RTLS) market is growing with the rising demand for smartphones, reaching 3.8 billion users worldwide in 2021 (Source: Mobile User Statistics).
Get A Free Sample Of The Global Real Time Location Systems RTLS Market ReportGlobal Real Time Location Systems RTLS Market Segments
The real-time location systems (rtls) market covered in this report is segmented –
1)By Component: Hardware, Software, Service
2)By Technology: RFID, Wi-Fi, Ultra-wideband (UWB), Bluetooth Low Energy (BLE), Ultrasound, Infrared (IR), GPS, Other Technologies
3)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
4)By End Use Industry: Transportation And Logistics, Healthcare, Retail, Manufacturing And Processing, Other End User Industries
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the real-time location systems (RTLS) in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the real-time location systems (rtls) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Real Time Location Systems RTLS Industry Players
Zebra Technologies Corp.; Stanley Healthcare; CenTrak Inc.; Ubisense Group PLC; TeleTracking Technologies Inc.; Sonitor Technologies AS; AeroScout Industrial; DecaWave Limited; Midmark Rtls Solutions Inc.; AiRISTA Flow Inc.; Savi Technology; Lockheed Martin Corporation; GE HealthCare Technologies Inc.; Impinj Inc.; Identec Group AG; Ekahau; Securitas AB; Aruba Networks; Alien Technology LLC; Mirion Technologies; Axcess International Inc.; Awarepoint Corporation; Cerner Corporation; Elpas Solutions; Infor Inc.; Intelligent InSites Inc.; Mojix Inc.; Navis; PLUS Location Systems; Redpine Signals Inc.; RF Technologies Inc.
Get The Full Global Real Time Location Systems RTLS Market Report
Real Time Location Systems RTLS Market Overview
Real-time location systems (RTLS) refer to a system that is used to automatically recognize and track the location in real-time. A real-time location system (RTLS) is one of several systems that recognizes a target's present geolocation, which can range from a vehicle to a manufacturing plant product to a human. The RTLS is used for fleet tracking, navigation, inventory and asset tracking, personnel tracking, and network security.
Real Time Location Systems RTLS Global Market Report 2023 provides data on the global real time location systems rtls market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The real time location systems rtls market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.