Global Real-Time Location System (RTLS) Solutions Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Real-Time Location System (RTLS) Solutions Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Real-Time Location System (RTLS) Solutions market finds that the global Real-Time Location System (RTLS) Solutions market reached a value of USD 1448.82 million in 2022. It’s expected that the market will achieve USD 2778.46 million by 2028, exhibiting a CAGR of 11.46% during the forecast period.

Wide range of applications

The Real-time location system (RTLS) market is driven by the increasing use of smartphones for mobile applications, including gaming applications, business and communications applications, health and wellness applications, and applications that use real-time location information Personal convenience application. In addition, Real-time location system (RTLS) is working in warehouses and retail stores, among others, to help people instantly locate targets and track misplaced items. The improvement of real-time tracking capabilities in various business processes has driven the market share of real-time positioning systems.

Increasing focus on smart workflow optimization

In a highly competitive business environment, tracking and positioning of assets, people, and items to ensure operational efficiency and security has become a major driver of the global real-time positioning system (RTLS) market. Real-time personnel positioning and trajectory tracking systems are an important part of enterprise management. Therefore, it is important to do real-time personnel positioning management. Real-time positioning system (RTLS) has realized systematization, standardization and automation, thereby improving the efficiency of on-site environment and personnel risk management. It can avoid the various risks of errors caused by management problems caused by the negligence of managers, and provides powerful tools and management tools for enterprises to complete real-time positioning work in a timely, accurate and efficient manner. It has brought obvious economic and social benefits to the management of the enterprise.

Demand in the healthcare industry

Real-time location system (RTLS) allows high-precision real-time monitoring and is therefore very useful for tracking patients, equipment, and hospital staff. It is considered extremely beneficial for emergency evacuation procedures, as it can help count all members inside the building. Similarly, advanced RTLS systems can send alerts when certain parameters are not met, for example, when no medical device is returned to its original location within a specified time, RTLS can activate a warning signal to the person responsible for the warning.

Region Overview:

In global comparison, a significant portion of the revenue was generated in United States (31.52% in 2022).

Company Overview:

Zebra Technologies is one of the major players operating in the Real-Time Location System (RTLS) Solutions market, holding a share of 17.5% in 2023.

Zebra Technologies

Zebra Technologies Corporation designs and manufactures enterprise mobile computers, advanced data capture devices, such as laser, 2D and RFID scanners and readers, and specialty printers for barcode labeling and personal identification. The Company also produces WLAN products, real-time location systems, related supplies, and application software.

Stanley Healthcare Solutions (AeroScout)

STANLEY Healthcare’s mission is to empower caregivers – all those who make the world more caring. By connecting caregivers to essential information and to those in their care networks, STANLEY Healthcare helps organizations generate meaningful insights, enhance safety and security, and improve operational efficiency.

Segmentation Overview:

By type, RFID segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Healthcare, with a market share of 35.75% in 2022.

Key Companies in the global Real-Time Location System (RTLS) Solutions market covered in Chapter 3:

Versus Technology
Axcess International
SAVI Technology
litum
IMPINJ
AiRISTA Flow
Ubisense Group
Identec Solutions
Aruba Networks
Sonitor Technologies
Alien Technology
Tracktio
DecaWave Limited
Centrak, Inc.
Stanley Healthcare Solutions (AeroScout)
TeleTracking Technologies
Zebra Technologies

In Chapter 4 and Chapter 14.2, on the basis of types, the Real-Time Location System (RTLS) Solutions market from 2018 to 2029 is primarily split into:

Ultra-Wideband (UWB)
Wi-Fi
RFID
ZigBee
Infrared
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Real-Time Location System (RTLS) Solutions market from 2018 to 2029 covers:

Manufacturing
Healthcare
Transportation
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)