Real Time Location System Market 2020-2025: Industry Analysis, Growth, Demand, Report and Business Opportunities

Real Time Location System Market
The global real time location system market size reached a strong growth in 2019. Real time location systems (RTLS) are used to detect and track the geographical position of an individual or object in real-time.

According to the latest report by IMARC Group, titled “Real Time Location System (RTLS) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global real time location system market size reached a strong growth in 2019. Real time location systems (RTLS) are used to detect and track the geographical position of an individual or object in real-time. They comprise wireless tags, sensors, application software and network infrastructure, which aid in conveying signals and analyzing the precise location of an individual or object. They are used in the transportation and agriculture sectors for increasing productivity, accuracy and operational excellence.

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Real time location systems (RTLS) provide immediate tracking and management of medical equipment, staff and patients, and aids in improving workflow, reducing costs and increasing clinical quality. Owing to these benefits, it is widely being adopted in the healthcare industry around the world. Furthermore, as it aids in inventory and warehouse, transportation, and inbound and outbound logistics management, it finds application in the automotive and defense industries worldwide. Apart from this, the increasing utilization of mobile-based applications and business analytics solutions is anticipated to bolster the market growth in the coming years. Looking forward, By IMARC group, the global real time location system market is expected to grow at a CAGR of around 25% during 2020-2025.

Market Breakup by Application:

  • Inventory/Asset-Tracking & Management
  • Personal/Staff-Locating & Monitoring
  • Access Control & Security
  • Environmental Monitoring
  • Yard, Dock, Fleet Warehouse Management & Monitoring
  • Supply Chain Management & Operational Automation/Visibility
  • Others

Market Breakup by Component:

  • Hardware
  • Software
  • Services

Market Breakup by Technology:

  • RFID
  • Wi-Fi
  • UWB
  • BLE
  • Infrared (IR)
  • Ultrasound
  • GPS
  • Others

Market Breakup by Vertical:

  • Healthcare
  • Manufacturing and Automotive
  • Retail
  • Transportation and Logistics
  • Government & Defense
  • Education
  • Oil, Gas & Mining
  • Sports & Entertainment
  • Others

Competitive Landscape Key Player:

  • AeroScout Inc.
  • Alien Technology
  • Axcess International Inc.
  • CenTrak Healthcare Company
  • DecaWave Limited
  • Ekahau Inc.
  • Identech Group AG
  • Impinj, Savi Technology
  • Sonitor Technologies
  • Stanley Healthcare
  • TeleTracking Technologies
  • Ubisense Group
  • Zebra Technologies

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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