Real-Time Location System (RTLS) Solutions: Global Strategic Business Report

Report
211 Pages
December 2023
Region: Global
Global Industry Analysts, Inc
ID: 2228065

Quick Summary:

In the rapidly expanding Real-Time Location System (RTLS) Solutions market, You need up-to-date data to stay ahead of the competition. Our comprehensive report provides key insights into the market's trajectory, projected to reach a revised size of US$42 Billion by 2030, originating from an estimation of US$7 Billion in 2022.

Not only does the report shed light on the global market, but it also provides a granular analysis of regional markets, including those in the U.S, China, Japan, Canada and Germany. Moreover, this report presents a comparative reading of competitors – including established companies such as AiRISTA Flow, GE Healthcare, and Zebra Technologies Corporation.

The contents of this report will be of substantial value to you as a senior executive, providing an understanding of the market's increasing complexity and directing your strategic planning. The report offers special coverage on global competitiveness, key competitor market shares, and market presence across geographies, paired with online interactive peer-to-peer collaborative bespoke updates for a comprehensive view of the market ecosystem.

Global Real-Time Location System (RTLS) Solutions Market to Reach $42 Billion by 2030

The global market for Real-Time Location System (RTLS) Solutions estimated at US$7 Billion in the year 2022, is projected to reach a revised size of US$42 Billion by 2030, growing at a CAGR of 25.2% over the analysis period 2022-2030. Hardware, one of the segments analyzed in the report, is projected to record 19.4% CAGR and reach US$14 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 26.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 24.6% CAGR

The Real-Time Location System (RTLS) Solutions market in the U.S. is estimated at US$2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7.3 Billion by the year 2030 trailing a CAGR of 24.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.8% and 20.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 14.9% CAGR.

Select Competitors (Total 78 Featured) -

AiRISTA Flow
CenTrak
DecaWave Ltd.
GE Healthcare
IDENTEC Solutions AG
Midmark Corporation
Mojix Inc.
Savi Technology Inc.
Sonitor Technologies Inc.
Stanley Healthcare
TeleTracking Technologies Inc.
Ubisense Group plc
Zebra Technologies Corporation

What's New?

Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year

Frequently Asked Questions about the Global Market for Real-Time Location System (RTLS) Solutions

What is the estimated value of the Global Market for Real-Time Location System (RTLS) Solutions?

The Global Market for Real-Time Location System (RTLS) Solutions was estimated to be valued at $7 Billion in 2022.

What is the growth rate of the Global Market for Real-Time Location System (RTLS) Solutions?

The growth rate of the Global Market for Real-Time Location System (RTLS) Solutions is 25.1%, with an estimated value of $42 Billion by 2030.

What is the forecasted size of the Global Market for Real-Time Location System (RTLS) Solutions?

The Global Market for Real-Time Location System (RTLS) Solutions is estimated to be worth $42 Billion by 2030.

Who are the key companies in the Global Market for Real-Time Location System (RTLS) Solutions?

Key companies in the Global Market for Real-Time Location System (RTLS) Solutions include AiRISTA Flow, CenTrak, DecaWave Ltd., GE Healthcare, IDENTEC Solutions AG, Midmark Corporation, Mojix Inc., Savi Technology Inc., Sonitor Technologies Inc. and Stanley Healthcare.

Report Attribute	Details
No. of Pages	211
Published	December 2023
Forecast Period	2022 - 2030
Estimated Market Value ( USD ) in 2022	$ 7 Billion
Forecasted Market Value ( USD ) by 2030	$ 42 Billion
Compound Annual Growth Rate	25.1%
Regions Covered	Global

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Asset Management Goes Hi-Tech with Location Awareness
Recent Market Activity
Positive Global Economy Buoys General Market Optimism
Real Time Location Systems (RTLS) - The Buzzword for Comprehensive Location Tracking of People & Physical Assets in Organizations
Issues with Traditional Location Tracking Solutions Drive Focus on RTLS Solutions
RTLS - Market Dynamics
Volatile Economic Environment Encourages Use of RTLS as a Mainstream Cost Rationalization Strategy
Outlook
Real-Time Location System (RTLS) Solutions - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

AiRISTA Flow (USA)
CenTrak (USA)
DecaWave Ltd. (Ireland)
GE Healthcare (USA)
IDENTEC Solutions AG (Austria)
Midmark Corporation (USA)
Mojix, Inc. (USA)
Savi Technology, Inc. (USA)
Sonitor Technologies, Inc. (USA)
Stanley Healthcare (USA)
TeleTracking Technologies, Inc. (USA)
Ubisense Group plc (UK)
Zebra Technologies Corporation (USA)

3. MARKET TRENDS & DRIVERS

Developing Markets - Hotspots for Growth
Manufacturing Industry - Traditional Revenue Contributor for RTLS
Global Manufacturing PMI - An Important Bellwether
Steady Production Outlook for Cars & Commercial Vehicles Augurs Well for RTLS Demand in Automotive Manufacturing
Emergence of Smart Factories - A Boon for RTLS Solutions Market
Healthcare Industry - A Market Laden with Immense Potential for RTLS Adoption
Growing Focus on Improving Patient and Work Flow Drives Business Case for RTLS
Need to Reduce Patient Waiting Time Drives Focus on Adoption of RTLS
Advanced Location and Monitoring for Improved Safety and Security of Patients and Staff
Location Based Intelligence Optimizes Inventory Management Costs
Automated Temperature Recording and Documentation for Compliance
Navigation Techniques and Forensics
Convergence of RTLS with Mobile Health to Pave Way for Smart Hospitals
Adoption of RTLS to Revolutionize Transportation and Logistics Operations
Expanding End-Use Markets to Drive Market for RTLS
Retail - A Highly Promising End-use Sector for RTLS Technologies
Sports - A Niche, Albeit Rapidly Emerging Application for RTLS Solutions
Opportunities Galore for RTLS in Safety and Security Applications Market
Agricultural Operations to Benefit from Growing Use of RTLS Solutions
Government Projects to Lend Traction to RTLS Market
Falling Upfront Costs to Spur Widespread Adoption and Implementation
RTLS - A Game Changer for the LBS Market
RTLS to Play Instrumental Role in Emerging World of Internet of Things
Technology Developments Boost Market Prospects for RTLS Solutions Market
Higher Degree of Customizability Increases Appeal for RTLS Solution
Integration of RTLS with ERP Boosts Return on Investment on Corporate IT Systems
Market Constraints
Lack of Awareness
Dragging Pace of Standardization, Lack of Interoperability of RTLS Products
High Total Cost of Ownership of RTLS Solutions
Growing Concerns Related to Data Privacy

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Recent Past, Current & Future Analysis for Real-Time Location System (RTLS) Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 2: World Historic Review for Real-Time Location System (RTLS) Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 3: World 16-Year Perspective for Real-Time Location System (RTLS) Solutions by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2023 & 2030
Table 4: World Recent Past, Current & Future Analysis for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 5: World Historic Review for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 6: World 16-Year Perspective for Hardware by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 7: World Recent Past, Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 8: World Historic Review for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 9: World 16-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 10: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 11: World Historic Review for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 12: World 16-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 13: World Recent Past, Current & Future Analysis for UWB by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 14: World Historic Review for UWB by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 15: World 16-Year Perspective for UWB by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 16: World Recent Past, Current & Future Analysis for RFID by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 17: World Historic Review for RFID by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 18: World 16-Year Perspective for RFID by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 19: World Recent Past, Current & Future Analysis for Wi-Fi by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 20: World Historic Review for Wi-Fi by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 21: World 16-Year Perspective for Wi-Fi by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 22: World Recent Past, Current & Future Analysis for Other Technologies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 23: World Historic Review for Other Technologies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 24: World 16-Year Perspective for Other Technologies by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 25: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 26: World Historic Review for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 27: World 16-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 28: World Recent Past, Current & Future Analysis for Manufacture & Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 29: World Historic Review for Manufacture & Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 30: World 16-Year Perspective for Manufacture & Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 31: World Recent Past, Current & Future Analysis for Transportation & Logistics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 32: World Historic Review for Transportation & Logistics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 33: World 16-Year Perspective for Transportation & Logistics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 34: World Recent Past, Current & Future Analysis for Government & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 35: World Historic Review for Government & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 36: World 16-Year Perspective for Government & Defense by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 37: World Recent Past, Current & Future Analysis for Education by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 38: World Historic Review for Education by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 39: World 16-Year Perspective for Education by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 40: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 41: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 42: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 43: World Real-Time Location System (RTLS) Solutions Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030

III. MARKET ANALYSIS

UNITED STATES

Real-Time Location System (RTLS) Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)

CANADA

JAPAN

Real-Time Location System (RTLS) Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)

CHINA

Real-Time Location System (RTLS) Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)

EUROPE

Real-Time Location System (RTLS) Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)

FRANCE

Real-Time Location System (RTLS) Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)

GERMANY

Real-Time Location System (RTLS) Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)

ITALY

UNITED KINGDOM

Real-Time Location System (RTLS) Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)

REST OF EUROPE

ASIA-PACIFIC

Real-Time Location System (RTLS) Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)

REST OF WORLDIV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

AiRISTA Flow
CenTrak
DecaWave Ltd.
GE Healthcare
IDENTEC Solutions AG
Midmark Corporation
Mojix Inc.
Savi Technology Inc.
Sonitor Technologies Inc.
Stanley Healthcare
TeleTracking Technologies Inc.
Ubisense Group plc
Zebra Technologies Corporation

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Quick Summary:

Global Real-Time Location System (RTLS) Solutions Market to Reach $42 Billion by 2030

The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 24.6% CAGR

Select Competitors (Total 78 Featured) -

What's New?

What is the estimated value of the Global Market for Real-Time Location System (RTLS) Solutions?

What is the growth rate of the Global Market for Real-Time Location System (RTLS) Solutions?

What is the forecasted size of the Global Market for Real-Time Location System (RTLS) Solutions?

Who are the key companies in the Global Market for Real-Time Location System (RTLS) Solutions?

Table of Contents

Companies Mentioned

Related Topics

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