The global demand for Real-Time Location Systems Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
A real-time location system tracks the location of people or the selected object in real-time. RTLS comprises wireless tags fixed to the object or put on the individual to be tracked. A fixed reference point catches the wireless signal from tags and identifies the location of the object or a person. Most often, RTLS technology includes radio frequency communication, optical (infrared) technology, or acoustic technology. In some systems, radiofrequency, Optical, and Acoustic technologies are applied together. RTLS effectively controls and tracks the movement of objects or people in facilities such as heavy industries, construction sites, and healthcare facilities. The objects that can be traced include loaded pallets passing through a warehouse dock, or medical equipment. The use of RTLS saves the time that is required to find the object or person and also reduces workplace accidents.
The key driving factors that are boosting the global RTLS include increased adoption in the healthcare sector for indoor tracking, and rising concerns about smooth workflow, safety, and security in various industrial verticals. To combat the COVID-19 pandemic, contact tracing is imperative to prevent the further transmission of the disease. Hence the demand for RTLS is increasing in the healthcare sector. Furthermore, factor such as increased demand for ultra-wideband technology-based RTLS solutions is expected to contribute to the market during the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of real-time location systems.
The entire real-time location systems market has been sub-categorized into component, locating architecture, application and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Locating Architecture
- Ultra-Wideband (UWB)
- Bluetooth (BLE)
- Asset Tracking & Management
- Supply Chain Management
- Staff Locating & Monitoring
- Workflow & Process Automation
- Visualization & Mapping
- Transportation & Logistics
- Sports & Entertainment
This section covers regional segmentation which accentuates on current and future demand for real-time location systems market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Real-Time Location Systems Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the real-time location systems market include Stanley Healthcare, Zebra Technologies, Aruba Networks (HP Enterprise), Impinj, SaviTechnology, Teletracking Technologies, Ubisense Group, Arista, Awarepoint, Identec Group, Alien Locating Architecture, among others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.