The Business Research Company’s report on the Real-Time Location Systems (RTLS) Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the real-time location systems (rtls) market in recent years?
The increasing demand for smartphones is expected to propel the growth of the real-time location system (RTLS) market in the coming years. A smartphone is a portable electronic device that connects to a cellular network. Smartphones enable users to make phone calls, deliver text messages and connect to the internet. The growing population across the globe has led to an increase in the demand for smartphones. Smartphones are used for incident response and emergency management because of real-time location system (RTLS) innovation, which is used to automatically spot and track the destination of objects or people in real-time. For instance, in March 2023, according to a report published by Cybercrew, a UK-based developing and providing cybersecurity solutions for businesses of all sizes, the percentage of UK households using smartphones will increase to 93.8% in 2026. Therefore, the increasing demand for smartphones drives the real-time location system (RTLS) market growth.
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What is the projected market size of the real-time location systems (rtls) industry, and how is it expected to grow?
The real-time location systems (RTLS) market size has grown exponentially in recent years. It will grow from $11.67 billion in 2024 to $14.93 billion in 2025 at a compound annual growth rate (CAGR) of 27.9%. The growth in the historic period can be attributed to increasing demand in manufacturing, logistics and supply chain efficiency, retail inventory management, employee safety and productivity, increased focus on patient care in healthcare.
The real-time location systems (RTLS) market size is expected to see exponential growth in the next few years. It will grow to $42.36 billion in 2029 at a compound annual growth rate (CAGR) of 29.8%. The growth in the forecast period can be attributed to expansion in retail for customer experience, demand for social distancing solutions, focus on sustainability, use in sports and entertainment, government initiatives for public safety. Major trends in the forecast period include indoor navigation solutions, growth in logistics and supply chain, ultra-wideband (UWB) technology adoption, cloud-based RTLS solutions, privacy concerns and ethical considerations, integration with data analytics and AI.
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Who are the key players driving competition in the real-time location systems (rtls) market?
Major companies operating in the real-time location systems (RTLS) market include Zebra Technologies Corp., Stanley Healthcare, CenTrak Inc., Ubisense Group PLC, TeleTracking Technologies Inc., Sonitor Technologies AS, AeroScout Industrial, DecaWave Limited, Midmark Rtls Solutions Inc., AiRISTA Flow Inc., Savi Technology, Lockheed Martin Corporation, GE HealthCare Technologies Inc., Impinj Inc., Identec Group AG, Ekahau, Securitas AB, Aruba Networks, Alien Technology LLC, Mirion Technologies, Axcess International Inc., Awarepoint Corporation, Cerner Corporation, Elpas Solutions, Infor Inc., Intelligent InSites Inc., Mojix Inc., Navis, PLUS Location Systems, Redpine Signals Inc., RF Technologies Inc.
What key trends are expected to drive the real world evidence solutions market during the forecast period?
Major firms operating in the real-time location system (RTLS) sector are focussing on developing technological solutions for real-time locating and monitoring of assets and employees. For instance, In October 2024, WISER Systems, Inc., a US-based company specializing in manufacturing and supply, launched a new generation of Real-Time Location Systems. RTLS systems allow for accurate wireless tracking of thousands of tagged items in real time, even in busy, metal-filled areas. These easy-to-install systems can monitor assets both inside and outside. They show a clear visual representation of facilities with great accuracy and no delay.
Which key geographies are driving the growth of the real-time location systems (rtls) market?
North America was the largest region in the real-time location systems (RTLS) in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the real-time location systems (RTLS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the key segments driving growth in the real-time location systems (rtls) market?
The real-time location systems (RTLS) market covered in this report is segmented –
1) By Component: Hardware, Software, Service
2) By Technology: RFID, Wi-Fi, Ultra-wideband (UWB), Bluetooth Low Energy (BLE), Ultrasound, Infrared (IR), GPS, Other Technologies
3) By Application: Inventory Or Asset Tracking And Management, Personnel Or Staff Locating And Monitoring, Access Control And Security, Environmental Monitoring, Supply Chain Management And Operational Automation Or Visibility, Other Applications
4) By End Use Industry: Transportation And Logistics, Healthcare, Retail, Manufacturing And Processing, Other End User Industries
Subsegments:
1) By Hardware: Tags, Readers, Antennas, Middleware, Access Points
2) By Software: RTLS Software Platforms, Analytics Software, Integration Software
3) By Service: Consulting Services, Installation And Deployment Services, Maintenance And Support Services
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How is the real-time location systems (rtls) market defined, and what are its core characteristics?
Real-time location systems (RTLS) refer to a system that is used to automatically recognize and track the location in real-time. A real-time location system (RTLS) is one of several systems that recognizes a target’s present geolocation, which can range from a vehicle to a manufacturing plant product to a human. The RTLS is used for fleet tracking, navigation, inventory and asset tracking, personnel tracking, and network security.
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