Global Real-Time Location Systems (RTLS) Market 2024-2028
The real-time location systems (RTLS) market is forecasted to grow by USD 28356.1 mn during 2023-2028, accelerating at a CAGR of 37.54% during the forecast period. The report on the real-time location systems (RTLS) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by low cost of RFID tags, rising demand for RTLSin transportation and logistics, and growing use of RTLStags in healthcare sector.
Technavio's real-time location systems (RTLS) market is segmented as below:
By Application
- Healthcare
- Transportation and logistics
- Retail
- Government
- Others
By Solution
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the adoption of UWB RTLStechnology as one of the prime reasons driving the real-time location systems (RTLS) market growth during the next few years. Also, increasing popularity of IBM and growing popularity of smart factories will lead to sizable demand in the market.
The report on the real-time location systems (RTLS) market covers the following areas:
- Real-time location systems (RTLS) market sizing
- Real-time location systems (RTLS) market forecast
- Real-time location systems (RTLS) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading real-time location systems (RTLS) market vendors that include AiRISTA Flow Inc., Alien Technology LLC, General Electric Co., Halma Plc, Identec Group AG, Impinj Inc., Inpixon, Leantegra Inc., Litum Technologies Inc., Mojix Inc., Oracle Corp., Qorvo Inc., Savi Technology Inc., Securitas AB, Silicon Laboratories Inc., Sonitor Technologies AS, TeleTracking Technologies Inc., Tracktio Group SL, Ubisense Ltd., and Zebra Technologies Corp.. Also, the real-time location systems (RTLS) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.