"Smart Strategies, Giving Speed to your Growth Trajectory"

Real-Time Location System Market Size, Share & Industry Analysis, By Model (Ultra-wideband, Wi-Fi, Zigbee, RFID, Infrared), By Product Type (Hardware, Software , Service), By Industry Vertical (Transportation and logistics, Healthcare, Retail manufacturing and processing, Automotive) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI106646 | Status : Ongoing

 

KEY MARKET INSIGHTS

Real-time location system (RTLS) is also known as a real-time tracking system. It is used to automatically identify and track the real-time position of an object or person. Powerful real-time location system products are used in an ever-growing sector of supply chain management (SCM), healthcare, military, retail, postal, and courier services. It is typically built into products such as mobile phones and navigation systems. It is most important to detect the products and it is very easy to achieve an efficient supply chain.


In recent times, the RTLS market has been witnessing significant growth. Many big and small tech companies are developing their RTLS system. The big market players continuously strive to develop more innovative solutions to witness exponential growth soon in the market. There is one of the big companies called Mirion Technologies. In September 2021, Mirion technology launches Orion Real-Time Location System. Which is data-enabled radiation measurement. 

Like private industries, The Delhi government is also interested in RLTS Market. So they announced a partnership with Google, allowing passengers to quickly track their bus location, arrival time, and departure time Real-Time monitoring systems have been installed on approximately 3000 buses.

Impact of COVID-19 on Real-Time Location System Market:


COVID-19 resulted in lockdown across many countries which effect in a decrease in demand for RLTS Devices from various verticals including automobiles, supply chain, and transportation. Many logistic companies and supply chains were shut down totally and the automobile and transportation sector was also closed down nevertheless only one industry that was booming in the healthcare industry.

The healthcare industry requires many machinery tools and monitoring devices so that the data may then be visible on a live monitor or recorded on a database log for further analysis.

Segmentation:


















By Model


By Product Type


By Industry Vertical


By Geography



  • Ultra-wideband

  • Wi-Fi

  • Zigbee

  • RFID

  • Infrared




  • Hardware

  • Software

  • Service




  • Transportation and logistics

  • Healthcare

  • Retail manufacturing and processing

  • Automotive




  • North America (U.S. and Canada)

  • Europe (U.K., Germany, France, Italy, Spin, Rest of Europe)

  • Asia Pacific (India, China, India, Japan, South Korea, Australia, and the Rest of Asia Pacific)

  • LAMEA (Latin America, Middle East, Africa)



Key Insights:


The report will cover the following key insights:


  • Military demand for RTLS.

  • Heavy supply of RTLS in Transportation.

  • Impact of COVID-19 on Real-Time Location System.

  • Future development race of RTLS by competitors


Regional Analysis:


To gain extensive insights into the market, Request for Customization



  • Asia Pacific region is working on the fastest growth


Asia Pacific market is growing at the fastest rate during the forecasted period due to the increasing number of the working population and the booming healthcare industry in emerging economies, especially in India and China.

According to the Indian Brand Equity Foundation, India's manufacturing industry could reach USD 1 trillion by 2025, and India is expected to be among the top three growth economies and manufacturing hubs. So it brings great opportunities to RTLS and also Japan has a major market for many electronic devices so the chips are so in demand.


  • North America to Command Real-Time Location System Market


North America will command this market during the forecast period. The increasing number of small and medium enterprises (SMEs), high demand from the healthcare sector, and numerous US elderly living facilities and hospitals. There is also a high level of technology awareness, and a growing tendency to introduce real-time location systems in government applications and other industries in North America.


  • Europe will have high Growth in Real-Time Location System Market


The RTLS for the healthcare market is growing primarily due to the growing medical equipment market and increasing market competitiveness with the emergence of new businesses. So in Europe, it is expected to boost the market over the years.


  • Latin America, Middle East & Africa region has future visions for RTLS Market  


There are many companies in the Middle East that are working and developing in the RTLS market.

Key Players Covered:


AeroScout Inc., AiRISTA, 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 and Zebra Technologies these are some of the key players in the real-time location system market.

Key Industry Developments:



  • January 2020 - Silicon Labs and Quuppa provide a highly accurate indoor asset tracking system based on BLE direction finding and advanced angle-of-arrival (AoA) technology. Indoor location, navigation, and asset and people tracking applications for a variety of industries including hospitals are all possible with it.

  • March 2021- RFID tech helps Reading Hospital boost the volume of COVID-19 vaccinations. The tracking technology also is enabling the hospital to report more highly accurate results to the health department.





  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Information & Technology Clients
ey
Yahoo
Google
Lg
Kpmg
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X