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Real-time Location Systems Market Report Size, Trends & Growth Opportunity, By Component, By Application, By Technology, By Vertical, By Region: Forecast till 2027

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    Report

  • February 2022
  • Region: Global
  • Qualiket Research
  • ID: 5548491
Real-time Location Systems Market (RTLS) Report Size, Trends & Growth Opportunity, By Component, By Application, By Technology, By Vertical, By Region and forecast till 2027

Global Real-time Location Systems Market (RTLS)

The RTLS market is estimated to be valued at USD 3.9 billion in 2020 and reach USD 12.7 billion by 2027, at a CAGR of 26.5%.

The system which allows locating people or any kind of assets in real time is called as Real-time location system (RTLS). RTLS discovers application in assorted industries from manufacturing to supply chain, hospitality, healthcare, and construction. To increase efficiency and safety along with reducing costs, location information provided by RTLS is used. Precision-based RTLS and proximity-based RTLS are two main types of RTLS.

Market Drivers

Rise in market competitiveness leading to availability of cost-effective RTLS solutions is the main driving factor for the growth of the market. The market is driven by the growing usage of smartphones and mobile, gaming, communication and health and wellness applications which require constant access to user information. Moreover, speedy urbanization and rising necessity for advanced security systems are further driving the product demand.

Market Restraints

The cost of RTLS system at the time of installation is very high, hence High cost of installation and maintenance is the main restraining factor for the growth of the market.

Also, the limited security regarding information is a restraining factor of market growth, because several smart devices having interconnected network system to each other is responsible for user data transmit.

Market Segmentation

Real-time Location Systems Market (RTLS) sis segmented into major 4 categories. Based on Component, the market is segmented into Hardware, Software & Services. Based on Technology, the market is segmented into RFID, Wi-Fi, UWB, BLE, Infrared (IR), Ultrasound, GPS and Others. Based on Application, the market is segmented into Inventory/Asset-Tracking & Management, Personnel/Staff-Locating & Monitoring, Access Control/Security, Environmental Monitoring, Yard, Dock, Fleet Warehouse-Management & Monitoring and Supply Chain Management & Operational Automation/Visibility. Based on Vertical, the market is segmented into Healthcare, Manufacturing & Automotive, Retail, Transportation & Logistics, Government & Defence, Education, Oil & Gas, Mining, and Sports & Entertainment. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.

Regional Analysis

North America has always been the foremost region. Also, it is anticipated that North America will maintain its place in the market because of the rapid development of IT services and small and medium-sized enterprises (SMEs) in North America.

Because of the rising demand for manufacturing sectors and the healthcare industry, Europe holds second place in the real-time location system market.

Market Key Players

Some of the key players operating in Global Real-time Location Systems Market (RTLS) are Hewlett Packard Enterprise Development LP, Ubisense Group, Savi Technology, DecaWave, GE Healthcare, Cisco Systems, STANLEY Healthcare, TeleTracking Technologies, Zebra Technologies, and Awarepoint.

Industry development

In October 2021, Zebra Technologies announced its partnership with Fetch robotics. This acquisition happened to accelerate the enterprise asset intelligence and growth in intelligent industrial automation by embracing new modes of empowering workflows.

In November 2020, Datamars Textile ID and Impinj officially sealed their strategic partnership in the RAIN RFID laundry market. This was done to bring the laundry market continuous progress and innovations.

In August 2020 A RTLS tracking start-up, Quuppa, announced a raising fund of euro 20 million for their real-time Bluetooth location tracking. Its location tracking system has become a great help in improving the operational and production efficiency in warehouse and factory manufacturing, smart buildings, healthcare and sports industry.
Frequently Asked Questions about the Real-time Location Systems Market

What is the estimated value of the Real-time Location Systems Market?

The Real-time Location Systems Market was estimated to be valued at $24.3 Billion in 2020.

What is the growth rate of the Real-time Location Systems Market?

The growth rate of the Real-time Location Systems Market is 6.2%, with an estimated value of $37 Billion by 2027.

What is the forecasted size of the Real-time Location Systems Market?

The Real-time Location Systems Market is estimated to be worth $37 Billion by 2027.

Who are the key companies in the Real-time Location Systems Market?

Key companies in the Real-time Location Systems Market include Hewlett Packard Enterprise Development LP, Ubisense Group, Savi Technology, DecaWave, GE Healthcare, Cisco Systems, STANLEY Healthcare, TeleTracking Technologies and Awarepoint..

Table of Contents

1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Real-time Location Systems Market (RTLS)Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Network Security Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Real-time Location Systems Market (RTLS)Share Analysis, By Component
5.3 Real-time Location Systems Market (RTLS)Size and Forecast, By Component
5.3.1 Hardware
5.3.2 Software
5.3.3 Services
6 Network Security Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Real-time Location Systems Market (RTLS)Share Analysis, By Technology
6.3 Real-time Location Systems Market (RTLS)Size and Forecast, By Technology
6.3.1 RFID
6.3.2 Wi-Fi
6.3.3 UWB
6.3.4 BLE
6.3.5 Infrared (IR)
6.3.6 Ultrasound
6.3.7 GPS
6.3.8 Others
7 Network Security Market, By Vertical
7.1 Y-o-Y Growth Comparison, By Vertical
7.2 Real-time Location Systems Market (RTLS)Share Analysis, By Vertical
7.3 Real-time Location Systems Market (RTLS)Size and Forecast, By Vertical
7.3.1 Healthcare
7.3.2 Manufacturing & Automotive
7.3.3 Retail
7.3.4 Transportation & Logistics
7.3.5 Education
7.3.6 Government & Défense
7.3.7 Oil & Gas, Mining
7.3.8 Sports & Entertainment
7.3.9 Others
8 Network Security Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8.2 Real-time Location Systems Market (RTLS)Share Analysis, By Application
8.3 Real-time Location Systems Market (RTLS)Size and Forecast, By Application
8.3.1 Inventory/Asset-Tracking & Management
8.3.2 Personnel/Staff-Locating & Monitoring
8.3.3 Access Control/Security
8.3.4 Environmental Monitoring
8.3.5 Yard, Dock, Fleet Warehouse-Management & Monitoring
8.3.6 Supply Chain Management & Operational Automation/Visibility
8.3.7 Others
9 Network Security Market, By Region
9.1 Real-time Location Systems Market (RTLS)Share Analysis, By Region
9.2 Real-time Location Systems Market (RTLS)Share Analysis, By Region
9.3 Real-time Location Systems Market (RTLS)Size and Forecast, By Region
10 North America Real-time Location Systems Market (RTLS)Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 North America Real-time Location Systems Market (RTLS)Share Analysis, By Component
10.3 North America Real-time Location Systems Market (RTLS)Size and Forecast, By Technology
10.4 North America Real-time Location Systems Market (RTLS)Size and Forecast, By Vertical
10.4 North America Real-time Location Systems Market (RTLS)Size and Forecast, By Application
10.5 North America Real-time Location Systems Market (RTLS)Size and Forecast, By Country
10.5.1 U.S.
10.5.2 Canada
10.5.3 Mexico
11 Europe Real-time Location Systems Market (RTLS)Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Europe Real-time Location Systems Market (RTLS)Share Analysis, By Component
11.3 Europe Real-time Location Systems Market (RTLS)Size and Forecast, By Technology
11.4 Europe Real-time Location Systems Market (RTLS)Size and Forecast, By Vertical
11.4 Europe Real-time Location Systems Market (RTLS)Size and Forecast, By Application
11.5 Europe Real-time Location Systems Market (RTLS)Size and Forecast, By Country
11.5.1 Germany
11.5.2 France
11.5.3 UK
11.54. Rest of Europe
12 Asia Pacific Real-time Location Systems Market (RTLS)Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Asia Pacific Real-time Location Systems Market (RTLS)Share Analysis, By Component
12.3 Asia Pacific Real-time Location Systems Market (RTLS)Size and Forecast, By Technology
12.4 Asia Pacific Real-time Location Systems Market (RTLS)Size and Forecast, By Vertical
12.4 Asia Pacific Real-time Location Systems Market (RTLS)Size and Forecast, By Application
12.5 Asia Pacific Real-time Location Systems Market (RTLS)Size and Forecast, By Country
12.5.1 China
12.5.2 Japan
12.5.3 India
12.5.4. Rest of Asia Pacific
13 Latin America Real-time Location Systems Market (RTLS)Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Latin America Real-time Location Systems Market (RTLS)Share Analysis, By Component
13.3 Latin America Real-time Location Systems Market (RTLS)Size and Forecast, By Technology
13.4 Latin America Real-time Location Systems Market (RTLS)Size and Forecast, By Vertical
13.4 Latin America Real-time Location Systems Market (RTLS)Size and Forecast, By Application
13.5 Latin America Real-time Location Systems Market (RTLS)Size and Forecast, Country
13.5.1. Brazil
13.5.2. Rest of Latin America
14 Middle East Real-time Location Systems Market (RTLS)Analysis and Forecast (2021-2027)
14.1 Introduction
14.2 Middle East Real-time Location Systems Market (RTLS)Share Analysis, By Component
14.3 Middle East Real-time Location Systems Market (RTLS)Size and Forecast, By Technology
14.4 Middle East Real-time Location Systems Market (RTLS)Size and Forecast, By Vertical
14.4 Middle East Real-time Location Systems Market (RTLS)Size and Forecast, By Application
14.5 Middle East Real-time Location Systems Market (RTLS)Size and Forecast, By Country
14.5.1. Saudi Arabia
14.5.2. UAE
14.5.3. Egypt
14.5.4. Kuwait
14.5.5. South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Hewlett Packard Enterprise Development LP
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Ubisense Group
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Savi Technology
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 DecaWave
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 GE Healthcare
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Cisco Systems
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 STANLEY Healthcare
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 TeleTracking Technologies
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Zebra Technologies
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Awarepoint
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies

Companies Mentioned

  • Hewlett Packard Enterprise Development LP
  • Ubisense Group
  • Savi Technology
  • DecaWave
  • GE Healthcare
  • Cisco Systems
  • STANLEY Healthcare
  • TeleTracking Technologies
  • Zebra Technologies
  • Awarepoint.