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The Global Real-time Location System Market size was estimated at USD 5.47 billion in 2022, USD 6.31 billion in 2023, growing at a CAGR of 16.46% to reach USD 18.55 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
A real-time location system (RTLS) comprises a wireless device that digitally tracks the real-time location and movements of physical things throughout large indoor facilities. This system is equipped with mobile objects, which helps to determine their location. RTLS sends data-encoded signals to RTLS readers at continuous intervals, then they forward this information to the location engine to determine its position. The increasing usage of real-time location systems by various industries to monitor business assets, control their operations, and make better decisions is propelling the growth of the real-time location systems market. In addition, the demand from the healthcare industry for real-time location systems is rising owing to the increasing need to immediately track and monitor the patients, medical staff, and valuable medical equipment in emergencies. However, it requires a high installation cost, which hinders the market's growth. Moreover, technological advancements and integration of smart IoT sensors in real-time location systems can help to derive location data and enhance the streamlining workflow of various industries creating high demand from end users.
The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Real-time Location System Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.
Market Segmentation & Coverage:
This research report categorizes the Global Real-time Location System Market in order to forecast the revenues and analyze trends in each of following sub-markets:- Based on Technology, the market is studied across Bluetooth Low Energy, Global Positioning System, Infrared (IR), Radio-Frequency Identification, Ultra-Wideband, and Wireless Fidelity. The Global Positioning System commanded largest market share of 22.12% in 2022, followed by Radio-Frequency Identification.
- Based on Offering, the market is studied across Hardware, Services, and Software. The Hardware commanded largest market share of 42.99% in 2022, followed by Software.
- Based on Application, the market is studied across Access Control & Security, Environmental Monitoring, Inventory Tracking & Management, Personnel Locating & Monitoring, and Supply Chain Management & Monitoring. The Inventory Tracking & Management commanded largest market share of 26.23% in 2022, followed by Personnel Locating & Monitoring.
- Based on End-use, the market is studied across Education, Government & Defense, Healthcare, Manufacturing & Automotive, Oil & Gas, Retail & Consumer Goods, Sports & Entertainment, and Transportation & Logistics. The Retail & Consumer Goods commanded largest market share of 22.43% in 2022, followed by Transportation & Logistics.
- Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.95% in 2022, followed by Europe, Middle East & Africa.
Market Statistics:
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Global Real-time Location System Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.The report provides insights on the following pointers:
- Market Penetration: Provides comprehensive information on the market offered by the key players
- Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
- Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
- Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
- Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
- What is the market size and forecast of the Global Real-time Location System Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Global Real-time Location System Market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the Global Real-time Location System Market?
- What is the competitive strategic window for opportunities in the Global Real-time Location System Market?
- What are the technology trends and regulatory frameworks in the Global Real-time Location System Market?
- What is the market share of the leading vendors in the Global Real-time Location System Market?
- What modes and strategic moves are considered suitable for entering the Global Real-time Location System Market?
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- Purchase of this report includes 1 year online access with quarterly updates
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Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Real-time Location System Market, by Technology
7. Real-time Location System Market, by Offering
8. Real-time Location System Market, by Application
9. Real-time Location System Market, by End-use
10. Americas Real-time Location System Market
11. Asia-Pacific Real-time Location System Market
12. Europe, Middle East & Africa Real-time Location System Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix
List of Figures
List of Tables
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AirFinder by Link Labs, Inc.
- AiRISTA Flow
- Alien Technology, LLC
- Arista Networks
- Aruba Networks
- Axcess International
- Beijing Kingdoes IOT Information Technologies Co., Ltd.
- Catapult Sports
- CenTrak, Inc. by Halma PLC
- Claro Enterprise Solutions, LLC.
- Elpas
- Essensium
- Galileo RTLS
- General Electric Company
- HERE Global B.V.
- Hewlett Packard Enterprise Company
- Honeywell International Inc.
- Hospital Products Australia Pty Ltd
- Humatics Corporation
- Identec Group
- Impinj,Inc.
- Infor, Inc.
- Inpixon
- International Business Machines Corporation
- Jadak Technologies, Inc.
- Litum Technologies
- Midmark Corporation
- Mojix Inc.
- PathPartner Technology Inc. by KPIT Technologies
- PINC Solutions by Kaleris
- Pozyx Labs
- Proxicon Limited
- Pycube
- Quuppa
- Radianse
- Sanitag
- Savi Technology
- SCHMIDT
- Sewio Networks, s.r.o.
- Siemens AG
- Sonitor Technologies
- Stanley Healthcare by Securitas
- Statsports
- STMicroelectronics
- Syook by Sparkyo Technology Private Limited
- TeleTracking Technologies, Inc.
- The Kathrein Solutions
- Tsingoal(Beijing) Technology Co., Ltd.
- Ubisense Group
- Zebra Technologies
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 198 |
| Published | March 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 6.31 Billion |
| Forecasted Market Value ( USD | $ 18.55 Billion |
| Compound Annual Growth Rate | 16.4% |
| Regions Covered | Global |
