Global Real-Time Location System (RTLS) is predicted to increase in the substantial CAGR during the forecast period. The RTLS market has seen substantial growth in recent years, primarily due to the high adoption of RTLS solutions in healthcare, manufacturing & automobile, retail and transport & logistics verticals, and the increasing adoption of RTLS solutions in emerging applications. In recent years, RTLS-based ultra-wideband (UWB) technology solutions have seen an increase in penetration in the RTLS industry. The potential of UWB technology to provide highly accurate human/object positioning data is the key driver of the UWB technology-based industry. This has contributed to increased adoption in applications involving high precision. In recent years, many end-users of RTLS technology have moved from other technology-based RTLS solutions, such as RFID and Wi-Fi, to UWB technology-based RTLS solutions to improve performance, reduce lead times and lower costs.
A full report of Global Real-Time Location System Market available at: https://www.orionmarketreports.com/real-time-location-system-market/27453/
Stanley Black & Decker (US), Zebra Technologies (US), Aruba Networks (US), Impinj (US), Savi Technology (US), Tele Tracking Technologies (US), AiRISTA (US), Ubisense Group (UK), Decawave (Ireland) and Litum Technologies (Turkey) are key players operating in the RTLS sector. In May 2020, STANLEY Healthcare (US) announced the incorporation and validation of its AeroScout Real-Time Location System (RTLS) technology with Cisco Systems (US) Cisco DNA Spaces (Indoor Networks Platform), which will help provide enterprise-wide insight on the location and condition of properties and individuals in healthcare settings. In February 2020, Impinj (US) launched the Impinj R700 reader for enterprise-grade RAIN deployments. The Impinj R700 reader provides industry-leading performance with the highest sensitivity, fastest network access, and efficient edge processing for next-generation IoT solutions. Zebra Technologies (US) launched Zebra Data Services in June 2019, a cloud-based capability that offers a full market image to help transform operations.
Global Real-Time Location System market – Segmentation
By Offering
• Hardware
• Software
• Services
By Technology
• RFID
• Wi-Fi
• Ultra-wideband (UWB)
• GPS
• Others
By Application
• Inventory/Asset Tracking & Management
• Access Control & Security
• Yard, Dock, Fleet, & Warehouse Management & Monitoring
• Supply Chain Management & Operational Automation/Visibility
• Others
By Vertical
• Healthcare
• Retail
• Transportation & Logistics
• Government & Defence
• Sports & Entertainment
• Others
Segment by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
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