• Blog
  • Real Time Location Systems Market Report

    Real Time Location Systems Market Report

    Real Time Location Systems Market Report
    Report code - SRCG335 Delivery - 2 Weeks
    Get Free Sample |
    Play Audio
    Listen
    Real-Time Location Systems Market Size, Share, Trend, Forecast, & Industry Analysis &n See more...

    Impact of COVID-19 on Real Time Location Systems Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Real Time Location Systems Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Real-time location systems market is likely to witness an impressive CAGR of 21.3% during the forecast period. The major factor that is contributing to the demand for real-time location systems is mainly the increasing adoption of such solutions in the healthcare, retail, manufacturing, and automotive verticals, which is underpinning the growth of the market.

    Real-Time Location Systems Market – Snapshot

    Growth

    21.3% for the next five years

    Major Offering Type

    Hardware

    Key Technology Type

    RFID

    Dominant Application Type

    Inventory/Asset-Tracking & Management

    Major Vertical Type

    Healthcare

    Region with the highest demand

    Asia-Pacific

    Key Players

    Stanley Healthcare, Zebra Technologies, Aruba Networks, Impinj, Savi Technology, TeleTracking Technologies, Ubisense Group, AiRISTA, Sonitor Technologies, Identech Group AG, Alien Technology Chemical Co., Ltd.

    Segment Analysis

    Real-Time-Location-Systems-Market-Dominant-Segments

    Wish to get a free sample? Register Here

    Real-Time Location Systems Market Share: By Offering Type

    Based on the offering type, the market is segmented as hardware, software, and services. The hardware segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. The significant share of the hardware segment is due to high cost of equipment. On the other hand, the services segment is projected to expand with the highest CAGR over the forecast period owing to the growing demand for support and maintenance services.

    Real-Time Location Systems Market Share: By Technology Type

    Based on the technology type, the real-time location systems market is segmented as RFID, Wi-Fi, UWB, BLE, infrared, ultrasound, GPS, and others. The RFID segment accounted for the largest share in 2020, and is expected to lead the market during the forecast period. The growth of the segment is owing to lower prices of radio-frequency identification (RFID) tags coupled with high demand from various verticals.

    Real-Time Location Systems Market Share: By Application Type

    Based on the application type, the market is segmented as inventory/asset-tracking & management, personnel/staff-locating & monitoring, access control/security, and environmental monitoring, yard, dock, fleet, & warehouse-management & monitoring, supply chain management & operational automation/visibility, and others. The Inventory/Asset-Tracking & Management segment held the largest share of the market in 2020, and is expected to remain dominant over the forecast period. The dominance of Inventory/Asset-Tracking & Management segment is due to efficient warehouse management offered by technology.

    Real-Time Location Systems Market Share: By Vertical Type

    Based on the vertical type, the real-time location systems market is segmented as healthcare, manufacture & automotive, transportation & logistics, retail, government & defense, education, oil & gas, mining, sports & entertainment, and others. The healthcare segment accounted for a significant share in 2020, owing to utility in medical device tracking and growing IoT applications.

    Real-Time Location Systems Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to growth with the highest CAGR over the forecast period owing to the rising demand from Japan, South Korea, China, and Australia. North America and Europe are also expected to offer significant growth opportunities over the forecast period.

    Real-Time-Location-Systems-Market-By-Region

    Know which region offers best growth opportunities. Register Here

    Market Scope & Segmentation

    Real-time locating systems (RTLS) employ the technology that mechanically tracks and identifies the location of people or objects in real time within a building or other contained areas. Wireless RTLS tags are either worn by people or are attached to objects. In order to determine the location, fixed reference points receive wireless signals from tags. Utilities of real-time locating systems include locating pallets of merchandise in a warehouse, tracking automobiles through an assembly line, finding medical equipment in a hospital, etc.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Real-Time Location Systems Market Research Report – Features

    Market Segmentation

    5

    Regions Covered                                                                                 

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The real-time location systems market is segmented into the following categories. 

    Real-Time Location Systems Market Size, Share, & Forecast, by Offering Type:

    • Hardware
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Offering Type Analysis: Tags/Badges, Readers/Trackers/Access Points, and Others)
    • Software
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Offering Type Analysis: Application, Middleware, and Location Analytics Engine)
    • Services
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Offering Type Analysis: Consulting, Support and Maintenance, and Deployment and Integration)

    Real-Time Location Systems Market Size, Share, & Forecast, by Technology Type:

    • RFID
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Technology Type Analysis: Active RFID and Passive RFID)
    • Wi-Fi (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • UWB (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • BLE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Infrared (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Ultrasound (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • GPS (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Technology Type Analysis: ZigBee and RuBee)

    Real-Time Location Systems Market Size, Share, & Forecast, by Application Type:

    • Inventory/Asset-Tracking & Management (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Personnel/Staff-Locating & Monitoring (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Access Control/Security (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Environmental Monitoring (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Yard, Dock, Fleet, & Warehouse-Management & Monitoring (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Supply Chain Management & Operational Automation/Visibility (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Real-Time Location Systems Market Size, Share, & Forecast, by Vertical Type:

    • Healthcare (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Manufacture & Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Transportation & Logistics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Retail (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Government & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Education (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Oil & Gas, Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Sports & Entertainment (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Real-Time Location Systems Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Services)

    Key Players

    Some of the major real-time location system manufacturers are-

    • Stanley Healthcare
    • Zebra Technologies
    • Aruba Networks
    • Impinj
    • Savi Technology
    • TeleTracking Technologies
    • Ubisense Group
    • AiRISTA
    • Sonitor Technologies
    • Identech Group AG
    • Alien Technology Chemical Co., Ltd.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, technology portfolio, technology launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the offering types by technology type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and services, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    The real-time location systems market is expected to witness an impressive growth of 21.3% CAGR in the foreseeable future.

    Stanley Healthcare, Zebra Technologies, Aruba Networks, Impinj, Savi Technology, TeleTracking Technologies, Ubisense Group, AiRISTA, Sonitor Technologies, Identech Group AG, Alien Technology Chemical Co., Ltd are among the key players in the real-time location systems market.

    Asia-pacific is expected to grow with the highest CAGR in the real-time location systems market during the forecast period.

    The Inventory/Asset-Tracking & Management segment is expected to remain dominant in the Real-Time Location Systems Market in the coming years.

    The RFID segment is expected to lead the real-time location systems market in the next five years.

    The hardware segment is expected to remain dominant in the real-time location systems market during the next five years.

    The major factor driving the growth of real-time location systems market is the increasing adoption of such solutions in the healthcare, retail, manufacturing, and automotive verticals.

    •