Real Time Location System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Real Time Location System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A1860
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Market Overview:

The global real time location system market size reached US$ 5.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 24.2 Billion by 2028, exhibiting a growth rate (CAGR) of 28.5% during 2023-2028.

The Real Time Location System (RTLS) assists in identifying and tracking the geographical location of objects and people in real time. It is primarily used in navigation, and vehicle, inventory and personnel tracking and consists of location sensors, readers, battery-powered tags, network infrastructure and application software. It operates by attaching tags and badges to objects or people through which the signals are transmitted and received by a fixed reference point. This system is extensively used to boost productivity, accuracy and operational excellence. It also enhances staff safety and provides effective logistics and supply chain operations, owing to which it is deemed beneficial for evacuation procedures and accounting for all the resources present inside a closed space.

The market is significantly driven by the increasing usage of smartphones and mobile, gaming, communication and health and wellness applications that require constant access to user information. Additionally, rapid urbanization and increasing requirement for advanced security systems are further driving the product demand. Moreover, increased application in various end use industries such as transportation, inventory and warehouse management, along with inbound and outbound logistics management, is also expected to propel the growth of the market. RTLS is also finding wide applicability in warehouses, correctional facilities, and retail stores, where it assists in monitoring the location of a target and tracking any misplaced items. Along with this, the implementation of favorable government policies that promote the use of advanced monitoring systems along with various technological advancements and increasing focus on research and development (R&D) is also catalyzing the growth of the market globally.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global real time location system market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, technology, application and vertical.

Breakup by Component:

  • Hardware
  • Software
  • Services
     

Breakup by Technology:

  • RFID
  • Wi-Fi
  • UWB
  • BLE
  • Infrared (IR)
  • Ultrasound
  • GPS
  • Others
     

Breakup by Application:

  • Inventory/Asset-Tracking & Management
  • Personnel/Staff-Locating & Monitoring
  • Access Control/Security
  • Environmental Monitoring
  • Yard, Dock, Fleet Warehouse-Management & Monitoring
  • Supply Chain Management & Operational Automation/Visibility
  • Others
     

Breakup by Vertical:

  • Healthcare
  • Manufacturing & Automotive
  • Retail
  • Transportation & Logistics
  • Government & Defense
  • Education
  • Oil & Gas, Mining
  • Sports & Entertainment
  • Others
     

Breakup by Region

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
    • Chile
    • Peru
    • Others
  • Middle East and Africa
    • Turkey
    • Saudi Arabia
    • Iran
    • United Arab Emirates
    • Others

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being 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, Zebra Technologies, etc.

IMARC Group’s latest report provides a deep insight into the global real time location system market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the real time location system market in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Component, Technology, Application, Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Argentina, Colombia, Chile, Peru, Turkey, Saudi Arabia, Iran, United Arab Emirates
Companies 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
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Real Time Location System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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