+91-8668442535

Global Real Time Location System (RTLS) Market By Technology (RFID, Wifi, Zigbee And UWB, GPS, Infrared), By End-Use Application (Industrial Manufacturing And Processing, Healthcare, Transportation And Logistics, Government, Hospitality, Retail) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2022

Report Scope

This report analyses the global real-time location system (RTLS) market regarding technology, end-use vertical, and geography. Based on end-use verticals, the global market for real-time location systems is segmented into healthcare, transportation and logistics, industrial manufacturing and processing, government, hospitality, retail, and others (education, etc.). Similarly, based on technology, the global real-time location system (RTLS) market is further classified into RFID, Wi-Fi, ZigBee, and UWB (ultra-wideband), as well as ultrasound, infrared, and others (Hybrid Technologies, GPS, etc.). The geographical distribution of the global real-time location system market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

The mounting pressure on businesses to achieve operational efficiencies, sustain profit margins, and enhance customer satisfaction to ensure a healthy market position has collectively triggered demand for real-time location systems across multiple industry verticals. The ability of RTLS solutions to track assets and solve a wide range of operational issues in real-time makes them an integral component of business processes. Furthermore, government initiatives and heavy investments in RTLS technology collectively favor market growth, especially in developed economies. These factors are expected to contribute to a compounded annual growth rate (CAGR) of 38.6% during the 2015–2022. However, a lack of interoperability between various technology infrastructures, coupled with a lack of awareness regarding the benefits offered, has hampered the swift growth of the real-time location system market across the globe.

1.1 Report Description

Purpose of the Report

The purpose of this strategic research study titled "Real Time Location System (RTLS) Market: Growth, Share, Opportunities, and Competitive Analysis, 2015–2022" is to offer industry investors, company executives, and industry participants with in-depth insights to enable them to make informed strategic decisions related to the opportunities in the global real-time location system market.

1.1.1 Target Audience

  • Industry Investors
  • RTLS Solutions Providers
  • Integrators and assemblers
  • End-users

Overall, the research study provides:

  • A holistic view of the global real-time location system (RTLS) market.
  • Offering market size and estimates for the period from 2014 to 2022.
  • Keeping in mind the factors as mentioned above.

Real-time location systems have become an integral component in today's businesses that are required to achieve operational efficiencies, sustain profit margins, and enhance customer satisfaction to remain competitive in the market. In addition, today's sophisticated business models, where customers are demanding, and the workforce is more mobile, have further necessitated the demand for real-time location systems in varied verticals.

Based on end-use vertical, the real-time location system (RTLS) market is categorized into the following segments:

  • Healthcare
  • Transportation and logistics
  • Industrial Manufacturing and Processing
  • Government
  • Hospitality
  • Retail
  • Others (education, etc.)

The following figure represents the contribution of these end-use verticals to the global real.

In 2014, the healthcare segment dominated the global real-time location system market. The segment accounted for over 40% of the global real-time location system market's revenue in the same year. The trend shall prolong, and the segment is presumed to witness steady growth on account of controlled growth in patient monitoring and asset tracking applications. The majority of healthcare facilities deploy Wi-Fi-based RTLS solutions to locate the position of several assets within the campus.Based on business processes and application requirements, end users can choose from the wide range of technologies available.

Based on the different technologies employed, the global real-time location system market is segmented into the following categories:

  • RFI
  • Wi-Fi
  • ZigBee and UWB
  • Ultrasound
  • Infrared
  • GPS
  • Others (Bluetooth, Hybrid Technologies)

The following figure represents the contribution of different technologies to the global real-time location system market in 2014 and 2022.

In terms of technology, the RFID (Radio Frequency Identification) segment led the global real-time location system market in 2014. The segment accounted for over 38 percent of the global real-time location system market's revenue in the same year. However, other technologies, including Wi-Fi, ZigBee, and UWB, are presumed to witness greater adoption than RFID technology during the forecast period. ZigBee and UWB technologies help industrial manufacturers improve the efficiency of their everyday operations, thereby reducing their operational costs to a great degree. Thus, these technologies are expected to witness maximum adoption across industrial manufacturing and processing industries. On the other hand, Wi-Fi-based real-time location systems are presumed to witness steady growth since these solutions eliminate the need for a proprietary wireless infrastructure, thereby improving payback.

Based on geography, the global real-time location system (RTLS) market is segmented into the following regions and countries:

  • North America
  • U.S.
  • rest of North America
  • Europe
  • United Kingdom
  • France
  • Germany
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Australasia
  • Rest of Asia Pacific
  • Rest of the World
  • Latin America
  • Middle East and Africa

The following figure represents the contribution of different regions to the global real-time location system (RTLS) market in 2014.

North America, comprising Canada and the U.S., is currently the largest real-time location system market. The region accounted for over 35% of the global market revenue in the base year 2014. The market for real-time location systems in North America is primarily driven by strong demand from the healthcare sector. The presence of sophisticated healthcare infrastructure has been instrumental in driving the uptake of real-time location systems for medical applications. Overall, higher acceptance of technology has ensured greater adoption in North America. The trend is expected to continue, and the region is presumed to hold on to its leading position throughout the forecast period of 2015–2022. However, Asia Pacific is expected to witness maximum growth during the 2015–2022, led by growing adoption in varied industry verticals across Chinese and Indian markets.

Frequently Asked Question:

The market for Real Time Location System is expected to reach USD$ XX Bn in 2022.

The Real Time Location System Market is expected to see significant CAGR growth over the coming years, at 38.6%

The report is forecasted from 2016 -2022.

The base year of this report is 2015.

Zebra Technologies Corporation,Stanley Healthcare Solutions (AeroScout Inc.),Ekahau, Inc.,Ubisense Group Plc., Motorola Solutions Inc., Awarepoint Corporation.are some of the major players in the global market.

Choose License Type
Trusted By
Godaddy
Published Date:  Jul 2016
Category:  Technology & Media
Report ID:   58001
Report Format:   PDF
Pages:   120
Rating:    4.4 (65)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
+91-8668442535
24/7 Research Support