Real
Time Location System RTLS Market: Current Status, In-depth Analysis and
Forecast Outlook 2031

The
Real Time Location System (RTLS) are also known as real time tracking systems.
These systems or technologies are widely used to accurately determine any item,
and to track the location of objects or people based on the automatically
identifying technique in real time. The tracking data can be recorded and can
be used in different ways depending on the applications.

The
Global Real Time Location System (RTLS) Market size was valued at $3.4
billion in 2020 and is expected to register by 2027 with a
magnificent CAGR of 24.8% during the forecast period 2024-2031. The RTLS market
has registered a sequential growth, owing to the adoption of RTLS systems in
various sectors such as- healthcare sector, retail, manufacturing and
automotive, transportation & logistics verticals sector. Whereas the high
cost of installation, maintenance and lack of awareness about RTLS are the
restraining factors that restrict the growth of the global Real Time Location
System (RTLS) Market.

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The
factor which is accounted as the major market driver includes increasing
application of ultra-wideband technology based RTLS solution. In healthcare,
manufacturing and logistics ultra-wideband (UWB) technologies play a
significant role, due to their higher accuracy and low power consumption
ability. Along with this, in the entertainment, sports and automotive sectors,
the UWB based RTLS solutions have started to gain popularity and have witnessed
improved efficiency, shortening lead times and reduced costs. This factor may
lead the market growth of the Global Real Time Location System (RTLS) market at
a higher pace during the forecast period. Additionally, rise in need for asset
tracking, surge in adoption of business analytics and proliferation of smartphones
are some major market driving factors responsible for the growth of RTLS
market.

Based
on the industry vertical, the global Real Time Location System (RTLS) Market is
led by the healthcare sector and is projected to sequentially trend during the
forecast period. Whereas, based on the region, North-America leads the global
Real Time Location System (RTLS) Market by increasing the application of RTLS
in manufacturing, processing and healthcare sectors. The gradual increase in
the RTLS market vendors and adoption of the mobility solutions are driving the
growth of the Real Time Location System (RTLS) market globally. 

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Market
Coverage

• Segment Covered- 

o             By type

o             By Application

• Competitive Landscape-
  Stanley Black & decker, zebra technologies, Aruba Networks, 
  Impinj and others. 

Key
questions addressed by the report

• What is the market growth
  rate?


• Which segment and region
  dominates the market in base year?


• Which segment and region
  will project fastest growth in the market?


• How COVID-19 impacted the
  market?

o             Recovery Timeline

o             Deviation from pre-COVID forecast

o             Most affected region and segment

• Who is the leader in the
  market?


• How players are addressing
  challenges to sustain growth?


• Where is the investment
  opportunity?

Global
Real Time Location System RTLS Market Report
Segment

By
Offering

·       
Hardware 

·       
Software

·       
Services 

By
Technology

·       
RFID 

·       
Wi-Fi

·       
Ultra wide band

·       
Bluetooth Low energy

·       
Ultrasound

·       
Infrared 

·       
GPS

·       
Others

By
Application

·       
Inventory/ Asset Tracking & Management

·       
Personnel/Staff Locating & Monitoring

·       
Access Control & security

·       
Environmental Monitoring

·       
Yard, Dock, Fleet & warehouse Management & Monitoring

·       
Supply Chain Management & Operational Automation/ Visibility

·       
Others

By
Vertical

·       
Healthcare

·       
Manufacturing & Automotive

·       
Retail

·       
Transportation & Logistics

·       
Government & Defence

·       
Education

·       
Oil & Gas Mining

·       
Sports & Entertainment

·       
Others  

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