Real-time location systems Market by Component (Hardware, Software, and Services), Technology, (Ultra-wideband, WIFI, RFID, ZigBee, Infrared, and Others), Industry Vertical (Retail, Healthcare, Manufacturing & Processing, Transportation & Logistics, and Others), and Region: Global Opportunity Analysis and Industry Forecast, 2021–2030
RTLS is not a specific type of system or technology; however, it is a goal that can be accomplished with a variety of systems for locating and managing assets. An important aspect of RTLS is the time at which assets are tracked, and this data can be used in different ways depending on the application. RTLS is used across many industries with specific applications such as employee tracking and high-value asset tracking. These applications can be found in manufacturing and mining industries however are the most prominent in the healthcare industry. These benefits of the RTLS systems drive the growth of the market. Furthermore, the global real time location system market is expected to experience growth due to development across commercial building types, education sector, and for safety of workforce purposes. In addition, emerging technologies such as auto-commissioning, the latest BLE version, and 5G are expected to have significant influence on the RTLS market.
The global Real Time Location System market is influenced by several factors such as rise in need for assets tracking, proliferation of smart phones, increase in adoption of business analytics, and diverse utility across applications. However, need for high investment and operational challenges are projected to hamper growth of the market. On the other hand, technology advancements such as cloud computing, artificial intelligence (AI), and blending of various new technologies of real time location system are estimated to be opportunistic for the growth of the market.
The Real time location system market is segmented on the basis of component, technology, industry vertical, and region. On the basis of component, the market is segmented into hardware, software, and services. According to the technology, the market is fragmented into Ultra-Wideband, WIFI, RFID, ZigBee, Infrared, and others. Depending on industry vertical, it is segregated into Retail, Healthcare, Manufacturing and Processing, Transportation & Logistics, and Others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global Real Time Location System market is dominated by key players such CenTrak, Decawave (Quorvo, Inc.), Lockheed Martin Corporation, Silicon Laboratories, Sonitor Technologies, Stanley Black & Decker, Inc., TeleTracking Technologies, Inc., Ubisense, Midmark RTLS Solutions, Inc., and Zebra Technologies Corp.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the real time location system market along with current trends and future estimations to elucidate imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of real time location system market for the period 2020–2030 is provided to determine the market potential.
MARKET SEGMENTS
By Product
Hardware
Software
Services
By Technology
Ultra-Wideband
WIFI
RFID
ZigBee
Infrared
Others
By Industry Vertical
Retail
Healthcare
Manufacturing and Processing
Transportation & Logistics
Others
By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South-Korea
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players profiled in the report of Global real time location system Market
CenTrak
Decawave (Quorvo, Inc.)
Lockheed Martin Corporation
Silicon Laboratories
Sonitor Technologies
Stanley Black & Decker, Inc.
TeleTracking Technologies, Inc.
Ubisense
Midmark RTLS Solutions, Inc.
Zebra Technologies Corp.
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