Real-Time Location System market size was valued at $2.83 billion in 2019, and is projected to reach $23.13 billion by 2027, growing at a CAGR of 30% from 2021 to 2027.
Real-Time Location System (RTLS) detects and tracks the geographic location of people and objects in real time. RTLS consists of a tag attached to an object or individual, and the signal transmitted from this tag is analyzed relative to a fixed reference point to help find the exact location of the individual or object. RTLS includes location readers, sensors, application software, battery powered tags and network infrastructure.
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The key players operating in the global real-time location system market analysis include Stanley Healthcare Solutions (AeroScout, Inc.), Redpine Signals, Zebra Technologies Corp., Versus Technology, Inc., Lockheed Martin Corporation, Sonitor Technologies AS, TeleTracking Technologies, Inc., CenTrak, DecaWave Limited, and Ubisense Group PLC Inc.
Key Market Segments
By Component
- Hardware
- Software
- Service
By Technology
- Ultra-Wideband
- Wi-Fi
- RFID
- ZigBee
- Infrared
- Others
By Industry Vertical
- Transportation & Logistics
- Healthcare
- Retail
- Manufacturing & Processing
- Others
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Scope of the Report
The research study analyzes the global Real Time Locating System industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Real Time Locating System Market Report
1. What was the Real Time Locating System Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Real Time Locating System Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Real Time Locating System Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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