Real-time Location Systems Market

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Real-time Location Systems Market by Hardware (Tags/Badges, Readers/Trackers), Technology (RFID, Wi-Fi, UWB, BLE, Infrared, Ultrasound, GPS, Zigbee), Application (Inventory/Asset Tracking, Personnel Monitoring), Vertical, Region - Global Forecast to 2028

FREE BROCHURE FREE SAMPLE REPORT
Report Code: SE 3323 Jun, 2023, by marketsandmarkets.com

[263 Pages Report] The global real-time location systems (RTLS) market size is expected to grow from USD  5.2 billion in 2023 to USD 16.2 billion by 2028, at a CAGR of 25.5% from 2023 to 2028. RTLS solutions improve productivity by shortening the time they take to locate an asset, which is particularly helpful for transportation, biomedical engineering, and nursing staff. Equipment searches and paperwork related to assets translate into delays in the overall process, adversely impacting productivity in several verticals. RTLS systems minimize that timeframe and provide real-time data about all these assets with precise locations, which leads to better productivity.

Real-time Location Systems Market

Real-time Location Systems Market

Real-time Location Systems Market Forecast to 2028

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Market Dynamics

DRIVERS: Increasing need to ensure safety and security compliance in various industries.

There are several regulations in healthcare, oil & gas, mining, manufacturing, and other industries related to workers’ safety, workflow, and security. The need to ensure compliance with various industry-specific regulations about safety, workflow, and security improvement is likely to speed up the deployment of RTLS solutions. For example, in healthcare, by deploying RTLS, management can track whether staff members comply with regulations regarding proper disinfection, hand hygiene, and others; compliance with hand hygiene protocol in hospitals can significantly minimize the risk of infections. RTLS can also be used to monitor assets/environments that require temperature range compliance. Similarly, RTLS improves workplace safety in manufacturing by tracking hazardous materials and situations.

Moreover, manufacturing industries use vehicles such as forklifts, cranes, and trucks to be remotely controlled and put under speed supervision. RTLS helps supervise manufacturing equipment, vehicles, and their speed and tracking workers nearby. Thus, RTLS assists in maintaining safety regulations in the manufacturing industry.

RESTRAINTS: High maintenance and installation costs.

The cost of an RTLS system at the time of installation can be very high. The cost varies from industry to industry and depends on the installation area. The installation cost of Wi-Fi-based RTLS is less than UWB-enabled systems; however, the hardware installation cost for Wi-Fi-based RTLS is higher than UWB-enabled systems. The maintenance costs of Wi-Fi- and RFID-based solutions are costlier compared with methods based on other technologies such as UWB and BLE. Furthermore, many RTLS companies are facing issues in terms of deployment and technology since many projects are failing due to the requirement of lots of engineering efforts and on-site preferences. Hence, the costs and steps involved in RTLS deployments could restrain market growth.

OPPORTUNITIES: Growing demand for hybrid RTLS solutions.

The RTLS market is witnessing a rise in demand for hybrid RTLS solutions. A range of hybrid solutions is available in the market, intending to overcome some of the challenges associated with an RTLS system based on a single technology. Hybrid RTLS solutions combine multiple technologies to achieve higher accuracy, reliability, flexibility, and cost-effectiveness than systems that use any single technology. This is because each technology has its own strengths and weaknesses, and by combining them, the weaknesses of one technology can be offset by the strengths of another. For example, Wi-Fi-based RTLS systems are typically very accurate, but they can be unreliable in areas with poor Wi-Fi signal strength. By combining Wi-Fi with another technology, such as Bluetooth, the accuracy and reliability of the system can be improved. This makes them ideal for a wide range of industries, including manufacturing, automotive, logistics, healthcare, and retail. By combining multiple technologies.

CHALLENGES: Lack of uniform standards and interoperability.

One of the major concerns of the RTLS market is standardization protocols. There is a lack of uniform standards due to which various solutions are available, making it difficult for end users to choose and integrate with the system. As many hardware products and software are available, the end user faces incompatibility issues in infrastructure, thus resulting in the interoperability of the complete solution. Companies such as Zebra Technologies (US) and Securitas AB (US) provide RTLS solutions that support more than one protocol; however, most market players primarily focus on a single protocol. Since different technologies operate on different protocols and frequency bands, there is a lack of interoperability between various RTLS solutions. Hence, the customer has to opt for a single vendor for its system, due to which the overall cost may increase.

Hardware segment is expected to hold the largest market share during the forecast period.

RTLS solutions consist of hardware components such as tags/badges affixed to an asset or individual for tracking purposes. RTLS badges, tags, and sensory networks are designed to work in the background, communicating the locations of people and equipment automatically and accurately. These tags periodically transmit information to readers or trackers. A reader communicates with a tag and collects and processes tag signals, subsequently sending them to the application software platform, which analyzes and correlates this data to provide the exact location in real-time. There is a growing trend of using hybrid solutions, which may involve using a single tag or reader that can perform many functions. These factors would further boost the ever-increasing demand for hybrid RTLS solutions from specific verticals such as healthcare and manufacturing.

The market for UWB technology is projected to grow at the highest CAGR during the forecast period.

In the RTLS market, ultra-wideband (UWB) is one of the most dynamic and fastest-growing technologies, and the RTLS market for UWB technology stores enormous potential for growth during the forecast period. This technology functions similarly to active RFID, wherein the tag continuously sends RF energy into the environment for receivers to pick up. UWB-based RTLS solutions operate in a large bandwidth spectrum in larger environments with many tags; receivers are placed at larger intervals with sub-receivers in between to improve accuracy. The signals from the tags are concise and obtain the unique ID of the tag. UWB is highly accurate on a room- and zone-level basis and can calculate the location within a few centimeters due to its short, narrow transmissions.

Real-time Location Systems Market by Region

Real-time Location Systems Market by Region

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The market in Asia Pacific is projected to grow at the highest CAGR from 2023 to 2028.

The growing manufacturing sector in China is generating massive demand for RTLS solutions to improve operational efficiency and lower operational costs by tracking equipment, goods, materials, work orders, assembly lines, and distribution in manufacturing facilities, which is anticipated to drive market growth in the country. In addition, the high adoption of RTLS technologies in Japan, South Korea, China, and Australia to improve healthcare quality and patient safety and reduce healthcare costs is expected to drive the RTLS market in Asia Pacific for the healthcare vertical.

Key Market Players

Securitas AB (Sweden), Zebra Technologies Corporation (US), Aruba Networks (US), Impinj, Inc. (US), Savi Technology (US), TeleTracking Technologies, Inc. (US), CenTrak, Inc. (US), GE HealthCare Technologies Inc. (US), Ubisense Ltd. (UK), Alien Technology, LLC (US), AiRISTA Flow, Inc. (US), Sonitor Technologies (US), and Midmark Corporation (US) are among a few top players in RTLS companies.

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Scope of the Report

Report Metric

Details

Market Size Available for Years

2019–2028

Base Year

2022

Forecast Period

2023–2028

Units

Value (USD Million/Billion)

Segments Covered

Offering, Technology, Application, and Vertical

Geographic Regions Covered

North America, Asia Pacific, Europe, and RoW

Companies Covered

Major Players: Securitas AB (Sweden), Zebra Technologies Corporation (US), Aruba Networks (US), Impinj, Inc. (US), Savi Technology (US), TeleTracking Technologies, Inc. (US), CenTrak, Inc. (US), GE HealthCare Technologies Inc. (US), Ubisense Ltd. (UK), Alien Technology, LLC (US), AiRISTA Flow, Inc. (US), Sonitor Technologies (US), and Midmark Corporation (US) and Others- (Total 31 players have been covered)

Real-time Location Systems Market Highlights

This research report categorizes the RTLS market by offering, technology, application, vertical, and region.

Segment

Subsegment

By Offering:
  • Hardware
    • Tags/Badges
    • Readers/Trackers/Access Points
    • Other Hardware
  • Software
  • Services
  • Consulting
  • Support and Maintenance
  • Deployment and Integration

By Technology:
  • RFID
  • Wi-Fi
  • UWB
  • BLE
  • Infrared
  • Ultrasound
  • GPS
  • Other technologies

By Application:
  • Inventory/Asset Tracking & Management
  • Personnel Locating & Monitoring
  • Access Control & Security
  • Environmental Monitoring
  • Yard, Dock, Fleet, & Warehouse Management & Monitoring
  • Supply Chain Management & Automation
  • Other applications

By Vertical :
  • Healthcare
  • Manufacturing & Automotive
  • Retail
  • Transportation & Logistics
  • Government & Defense
  • Education
  • Oil & Gas and Mining
  • Sports & Entertainment
  • Other verticals

By Region
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Rest of the World
    • Middle East
    • South America & Africa

Recent Developments

  • In November 2022, Impinj, Inc. announced the Impinj M780 and M781 RAIN RFID tag chips. These tag chips can support enterprises in managing product shelf life, reducing waste, and complying with regulations.
  • In December 2021, Securitas AB announced the acquisition of the Stanley Security business division from Stanley Black & Decker Inc. By this acquisition, the company aims to expand its intelligent security solutions offering. 
  • In May 2019, Savi Technology announced their new sensor Savi Locate, which is developed to operate with 4G, 3G, and 2G cellular networks. The sensor, when coupled with Savi Visibility software, the user will be able to mitigate the risk and cost of the shipments which are delayed.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 RTLS MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 LIMITATIONS 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
    1.8 RECESSION IMPACT 
 
2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH APPROACH 
           FIGURE 2 RTLS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
                    FIGURE 3 RTLS MARKET: RESEARCH APPROACH
           2.1.2 SECONDARY DATA
                    2.1.2.1 Key secondary sources
                    2.1.2.2 Key data from secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Interview participants
                    2.1.3.2 Key data from primary sources
                    2.1.3.3 Key industry insights
                    2.1.3.4 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to estimate market size using bottom-up analysis
                               FIGURE 4 RTLS MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to estimate market size using top-down analysis
                               FIGURE 5 RTLS MARKET: TOP-DOWN APPROACH
                               FIGURE 6 RTLS MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 7 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
           FIGURE 8 STUDY ASSUMPTIONS
    2.5 PARAMETERS CONSIDERED TO STUDY RECESSION IMPACT ON RTLS MARKET 
    2.6 RISK ASSESSMENT 
           TABLE 1 RISK ASSESSMENT
 
3 EXECUTIVE SUMMARY (Page No. - 46)
    FIGURE 9 RTLS MARKET SIZE, 2019–2028 (USD BILLION)
    FIGURE 10 HARDWARE SEGMENT TO HOLD LARGEST SHARE OF RTLS MARKET, BY OFFERING, IN 2023
    FIGURE 11 UWB TO BE FASTEST-GROWING TECHNOLOGY IN RTLS MARKET DURING FORECAST PERIOD
    FIGURE 12 HEALTHCARE VERTICAL TO ACCOUNT FOR LARGEST SHARE OF RTLS MARKET IN 2028
    FIGURE 13 NORTH AMERICA HELD LARGEST MARKET SHARE IN 2022
 
4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN RTLS MARKET 
           FIGURE 14 INCREASING SAFETY AND SECURITY CONCERNS IN INDUSTRIES TO FUEL DEMAND FOR RTLS SOLUTIONS DURING FORECAST PERIOD
    4.2 RTLS MARKET, BY OFFERING 
           FIGURE 15 HARDWARE SEGMENT TO DOMINATE RTLS MARKET FROM 2023 TO 2028
    4.3 RTLS MARKET, BY TECHNOLOGY 
           FIGURE 16 UWB SEGMENT TO EXHIBIT HIGHEST CAGR IN RTLS MARKET FROM 2023 TO 2028
    4.4 RTLS MARKET, BY APPLICATION 
           FIGURE 17 INVENTORY/ASSET TRACKING & MANAGEMENT SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2028
    4.5 RTLS MARKET IN NORTH AMERICA, BY COUNTRY AND VERTICAL 
           FIGURE 18 US AND HEALTHCARE TO BE LARGEST SHAREHOLDERS OF NORTH AMERICAN MARKET IN 2028
    4.6 RTLS MARKET, BY COUNTRY 
           FIGURE 19 CHINA TO RECORD HIGHEST CAGR IN GLOBAL RTLS MARKET FROM 2023 TO 2028
 
5 MARKET OVERVIEW (Page No. - 55)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 20 RTLS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Widespread availability of cost-effective RTLS solutions
                    5.2.1.2 High return on investment and improved productivity achieved by deploying RTLS
                    5.2.1.3 Increasing concerns of healthcare service providers for patient and staff safety
                    5.2.1.4 Superior performance of UWB-powered RTLS over other conventional techniques
                               FIGURE 21 IMPACT OF DRIVERS ON RTLS MARKET
           5.2.2 RESTRAINTS
                    5.2.2.1 Data privacy and security concerns
                    5.2.2.2 High installation and maintenance costs
                               FIGURE 22 IMPACT OF RESTRAINTS ON RTLS MARKET
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising need for efficient resource utilization and workflow optimization
                    5.2.3.2 Growing popularity of hybrid RTLS solutions
                    5.2.3.3 Increasing adoption of IoT solutions in healthcare sector
                    5.2.3.4 New and emerging applications of RTLS
                    5.2.3.5 Increasing focus of RTLS vendors on untapped regional markets and emerging use cases
                               FIGURE 23 IMPACT OF OPPORTUNITIES ON RTLS MARKET
           5.2.4 CHALLENGES
                    5.2.4.1 Concerns regarding trade-offs in RTLS design
                    5.2.4.2 Issues regarding system compatibility and lack of standardization
                                   FIGURE 24 IMPACT OF CHALLENGES ON RTLS MARKET
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 25 RTLS MARKET: VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM ANALYSIS 
           FIGURE 26 ECOSYSTEM MAPPING
           TABLE 2 RTLS MARKET: ECOSYSTEM
    5.5 PRICING ANALYSIS 
           5.5.1 RTLS TAG PRICE COMPARISON BASED ON TECHNOLOGY
                    TABLE 3 PRICE COMPARISON OF RTLS TAGS BASED ON DIFFERENT TECHNOLOGIES
                    TABLE 4 RTLS MARKET: ASP AND VOLUME OF RTLS TAGS (2022)
           5.5.2 AVERAGE SELLING PRICE TREND
                    FIGURE 27 AVERAGE SELLING PRICE TREND OF RTLS TAGS, 2022–2028
           5.5.3 AVERAGE SELLING PRICE TREND, BY KEY PLAYER
                    FIGURE 28 AVERAGE SELLING PRICE OF RTLS TAGS OFFERED BY KEY PLAYERS
                    TABLE 5 AVERAGE SELLING PRICE OF RTLS TAGS OFFERED BY KEY PLAYERS (USD)
                    TABLE 6 AVERAGE SELLING PRICE OF RTLS TAGS, BY REGION (USD)
    5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 29 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN RTLS MARKET
    5.7 TECHNOLOGY ANALYSIS 
           5.7.1 RTLS MARKET: TECHNOLOGY COMPARISON
                    TABLE 7 COMPARISON OF RTLS TAGS BASED ON DIFFERENT TECHNOLOGIES
           5.7.2 HYBRID RTLS TECHNOLOGY
    5.8 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 8 IMPACT OF PORTER’S FIVE FORCES ON RTLS MARKET
           FIGURE 30 RTLS MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.8.1 BARGAINING POWER OF SUPPLIERS
           5.8.2 BARGAINING POWER OF BUYERS
           5.8.3 INTENSITY OF COMPETITIVE RIVALRY
           5.8.4 THREAT OF NEW ENTRANTS
           5.8.5 THREAT OF SUBSTITUTES
    5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS
                    TABLE 9 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS (%)
           5.9.2 BUYING CRITERIA
                    FIGURE 32 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
                    TABLE 10 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
    5.10 CASE STUDY ANALYSIS 
           TABLE 11 VOLKSWAGEN AUTOEUROPA DEPLOYS SIEMENS’ SIMATIC RTLS TO MANAGE MOVING ASSETS
           TABLE 12 CANADIAN NATURAL RESOURCES ADOPTS SEWIO’S RTLS FOR EMPLOYEE SAFETY
           TABLE 13 GATEWAY REGIONAL MEDICAL CENTER DEPLOYS RTLS TO ENHANCE PATIENT AND STAFF SAFETY
           TABLE 14 MISSION HOSPITAL IMPLEMENTS RTLS ASSET MANAGEMENT SOLUTION TO REDUCE COST OF LOST AND STOLEN EQUIPMENT
           TABLE 15 TEXAS HEALTH RESOURCES ENHANCES PATIENT EXPERIENCE AND SAFETY BY USING RTLS
           TABLE 16 LIFE CARE GAYNES PARK MANOR DEPLOYS RTLS FOR PATIENT/STAFF SAFETY
           TABLE 17 BOUMAN MENTAL HEALTHCARE ADOPTS RTLS FOR STAFF ALERTING
    5.11 TRADE ANALYSIS 
           FIGURE 33 IMPORT DATA FOR SMART CARDS INCORPORATING ONE OR MORE ELECTRONIC INTEGRATED CIRCUITS, BY KEY COUNTRY, 2017–2021 (USD MILLION)
           FIGURE 34 EXPORT DATA FOR SMART CARDS INCORPORATING ONE OR MORE ELECTRONIC INTEGRATED CIRCUITS, BY KEY COUNTRY, 2017–2021 (USD MILLION)
    5.12 PATENT ANALYSIS 
           FIGURE 35 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
           TABLE 18 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS
           FIGURE 36 NUMBER OF PATENTS GRANTED PER YEAR, 2012–2021
           TABLE 19 RTLS MARKET: PATENTS, 2019–2022
    5.13 KEY CONFERENCES AND EVENTS, 2023–2024 
           TABLE 20 RTLS MARKET: CONFERENCES AND EVENTS
    5.14 TARIFF AND REGULATORY LANDSCAPE 
           5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 21 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 22 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 23 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 24 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.14.2 REGULATORY STANDARDS
                    TABLE 25 STANDARDS FOR RTLS MARKET
 
6 RTLS MARKET, BY OFFERING (Page No. - 83)
    6.1 INTRODUCTION 
           FIGURE 37 RTLS MARKET, BY OFFERING
           FIGURE 38 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF RTLS MARKET IN 2028
           TABLE 26 RTLS MARKET, BY OFFERING, 2019–2022 (USD MILLION)
           TABLE 27 RTLS MARKET, BY OFFERING, 2023–2028 (USD MILLION)
    6.2 HARDWARE 
           6.2.1 INCREASING DEMAND FOR HYBRID RTLS SOLUTIONS TO DRIVE SEGMENTAL GROWTH
                    TABLE 28 HARDWARE: RTLS MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    TABLE 29 HARDWARE: RTLS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 30 HARDWARE: RTLS MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION))
                    TABLE 31 HARDWARE: RTLS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
           6.2.2 TAGS/BADGES
                    6.2.2.1 Rising use of RTLS tags to track assets in real time
           6.2.3 READERS/TRACKERS/ACCESS POINTS
                    6.2.3.1 Growing deployment of readers to send and receive signals from transponders
           6.2.4 OTHER HARDWARE PRODUCTS
    6.3 SOFTWARE 
           6.3.1 GROWING DEMAND FOR CUSTOMIZED RTLS TO BOOST USE OF SOFTWARE SOLUTIONS
                    TABLE 32 SOFTWARE: RTLS MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 33 SOFTWARE: RTLS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
    6.4 SERVICES 
           6.4.1 INCLINATION OF INDUSTRIES TO IMPROVE OPERATIONAL EFFICIENCY, SAFETY, AND SECURITY TO INCREASE DEMAND FOR RTLS SERVICES
                    TABLE 34 SERVICES: RTLS MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    TABLE 35 SERVICES: RTLS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 36 SERVICES: RTLS MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 37 SERVICES: RTLS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
           6.4.2 DEPLOYMENT & INTEGRATION
                    6.4.2.1 Rising use of customized and application-specific RTLS to lead to high demand for deployment & integration services
           6.4.3 SUPPORT & MAINTENANCE
                    6.4.3.1 Requirement for uninterrupted operations to fuel demand for support & maintenance services
           6.4.4 CONSULTING
                    6.4.4.1 Focus of organizations on increasing workflow efficiency to drive demand for consulting services
 
7 RTLS MARKET, BY TECHNOLOGY (Page No. - 94)
    7.1 INTRODUCTION 
           FIGURE 39 RTLS MARKET, BY TECHNOLOGY
           FIGURE 40 UWB TECHNOLOGY TO EXHIBIT HIGHEST CAGR IN RTLS MARKET DURING FORECAST PERIOD
           TABLE 38 RTLS MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
           TABLE 39 RTLS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
    7.2 RFID 
           7.2.1 SIGNIFICANT BENEFITS OF RFID OVER OTHER TECHNOLOGIES TO BOOST SEGMENTAL GROWTH
                    FIGURE 41 TYPES OF RFID
                    TABLE 40 RFID: RTLS MARKET, BY OFFERING, 2019–2022 (USD MILLION)
                    TABLE 41 RFID: RTLS MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                    TABLE 42 RFID: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 43 RFID: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 44 RFID: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 45 RFID: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.3 WI-FI 
           7.3.1 EASY INSTALLATION AND HIGH COMPATIBILITY OF WI-FI TECHNOLOGY TO DRIVE SEGMENTAL GROWTH
                    TABLE 46 WI-FI: RTLS MARKET, BY OFFERING, 2019–2022 (USD MILLION)
                    TABLE 47 WI-FI: RTLS MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                    TABLE 48 WI-FI: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 49 WI-FI: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 50 WI-FI: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 51 WI-FI: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.4 UWB 
           7.4.1 HIGH-PRECISION OF UWB RTLS SOLUTIONS TO DRIVE MARKET
                    TABLE 52 UWB: RTLS MARKET, BY OFFERING, 2019–2022 (USD MILLION)
                    TABLE 53 UWB: RTLS MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                    TABLE 54 UWB: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 55 UWB: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 56 UWB: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 57 UWB: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.5 BLE 
           7.5.1 LOW COST AND LONG BATTERY LIFE TO BOOST ADOPTION OF BLE TECHNOLOGY
                    TABLE 58 BLE: RTLS MARKET, BY OFFERING, 2019–2022 (USD MILLION)
                    TABLE 59 BLE: RTLS MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                    TABLE 60 BLE: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 61 BLE: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 62 BLE: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 63 BLE: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.6 ULTRASOUND 
           7.6.1 HIGH DEMAND FOR NON-INVASIVE ULTRASOUND TECHNOLOGY FROM HEALTHCARE SERVICE PROVIDERS TO SUPPORT MARKET GROWTH
                    TABLE 64 ULTRASOUND: RTLS MARKET, BY OFFERING, 2019–2022 (USD MILLION)
                    TABLE 65 ULTRASOUND: RTLS MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                    TABLE 66 ULTRASOUND: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 67 ULTRASOUND: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 68 ULTRASOUND: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 69 ULTRASOUND: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.7 INFRARED 
           7.7.1 HIGH ACCURACY OF IR TECHNOLOGY IN ROOM- AND SUB-ROOM-LEVEL APPLICATIONS TO DRIVE ITS ADOPTION
                    TABLE 70 INFRARED: RTLS MARKET, BY OFFERING, 2019–2022 (USD MILLION)
                    TABLE 71 INFRARED: RTLS MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                    TABLE 72 INFRARED: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 73 INFRARED: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 74 INFRARED: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 75 INFRARED: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.8 GPS 
           7.8.1 COMBINATION OF GPS WITH OTHER TECHNOLOGIES TO ACHIEVE BETTER ACCURACY IN RTLS TO FUEL SEGMENTAL GROWTH
                    TABLE 76 GPS: RTLS MARKET, BY OFFERING, 2019–2022 (USD MILLION)
                    TABLE 77 GPS: RTLS MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                    TABLE 78 GPS: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 79 GPS: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 80 GPS: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 81 GPS: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.9 OTHER TECHNOLOGIES 
           TABLE 82 OTHER TECHNOLOGIES: RTLS MARKET, BY OFFERING, 2019–2022 (USD MILLION)
           TABLE 83 OTHER TECHNOLOGIES: RTLS MARKET, BY OFFERING, 2023–2028 (USD MILLION)
           TABLE 84 OTHER TECHNOLOGIES: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
           TABLE 85 OTHER TECHNOLOGIES: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           TABLE 86 OTHER TECHNOLOGIES: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 87 OTHER TECHNOLOGIES: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION)
 
8 RTLS MARKET, BY APPLICATION (Page No. - 118)
    8.1 INTRODUCTION 
           FIGURE 42 RTLS MARKET, BY APPLICATION
           FIGURE 43 INVENTORY/ASSET TRACKING & MANAGEMENT APPLICATION TO DOMINATE RTLS MARKET DURING FORECAST PERIOD
           TABLE 88 RTLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 89 RTLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    8.2 INVENTORY/ASSET TRACKING & MANAGEMENT 
           8.2.1 GROWING NEED TO TRACK ASSETS TO ACCELERATE ADOPTION OF RTLS SOLUTIONS
                    TABLE 90 INVENTORY/ASSET TRACKING & MANAGEMENT: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 91 INVENTORY/ASSET TRACKING & MANAGEMENT: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    8.3 PERSONNEL LOCATING & MONITORING 
           8.3.1 STRONG FOCUS ON PATIENT AND STAFF SAFETY TO FUEL DEMAND FOR RTLS
                    TABLE 92 PERSONNEL LOCATING & MONITORING: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 93 PERSONNEL LOCATING & MONITORING: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    8.4 ACCESS CONTROL & SECURITY 
           8.4.1 RISING ADOPTION OF RTLS TO RESTRICT UNAUTHORIZED ACCESS IN ORGANIZATIONS TO BOOST SEGMENTAL GROWTH
                    TABLE 94 ACCESS CONTROL & SECURITY: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 95 ACCESS CONTROL & SECURITY: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    8.5 ENVIRONMENTAL MONITORING 
           8.5.1 INCREASING UTILIZATION OF RTLS TO GATHER CRITICAL ENVIRONMENTAL DATA FOR ENHANCED SAFETY TO DRIVE MARKET
                    TABLE 96 ENVIRONMENTAL MONITORING: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 97 ENVIRONMENTAL MONITORING: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    8.6 YARD, DOCK, FLEET, & WAREHOUSE MANAGEMENT & MONITORING 
           8.6.1 SURGING DEPLOYMENT OF RTLS FOR BETTER VISIBILITY AND EFFICIENT WAREHOUSE MANAGEMENT TO BOOST MARKET
                    TABLE 98 YARD, DOCK, FLEET, & WAREHOUSE MANAGEMENT & MONITORING: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 99 YARD, DOCK, FLEET, & WAREHOUSE MANAGEMENT & MONITORING: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    8.7 SUPPLY CHAIN MANAGEMENT & AUTOMATION 
           8.7.1 GROWING IMPLEMENTATION OF RTLS TO IMPROVE OPERATIONAL VISIBILITY AND SUPPLY CHAIN MANAGEMENT TO DRIVE MARKET
                    TABLE 100 SUPPLY CHAIN MANAGEMENT & AUTOMATION: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 101 SUPPLY CHAIN MANAGEMENT & AUTOMATION: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    8.8 OTHER APPLICATIONS 
           TABLE 102 OTHER APPLICATIONS: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
           TABLE 103 OTHER APPLICATIONS: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
 
9 RTLS MARKET, BY VERTICAL (Page No. - 132)
    9.1 INTRODUCTION 
           FIGURE 44 RTLS MARKET, BY VERTICAL
           FIGURE 45 HEALTHCARE VERTICAL TO CAPTURE LARGEST SHARE OF RTLS MARKET IN 2023
           TABLE 104 RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
           TABLE 105 RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    9.2 HEALTHCARE 
           9.2.1 NEED TO KEEP TRACK OF ASSETS AND MONITOR INVENTORY IN REAL TIME TO BOOST RTLS DEMAND
                    TABLE 106 HEALTHCARE: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 107 HEALTHCARE: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.3 MANUFACTURING & AUTOMOTIVE 
           9.3.1 FOCUS OF MANUFACTURING FIRMS ON IMPROVING STAFF SAFETY TO ACCELERATE RTLS DEMAND
                    TABLE 108 MANUFACTURING & AUTOMOTIVE: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 109 MANUFACTURING & AUTOMOTIVE: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.4 RETAIL 
           9.4.1 USE OF RTLS TO INCREASE WORKFLOW EFFICACY IN RETAIL OPERATIONS TO BOOST SEGMENTAL GROWTH
                    TABLE 110 RETAIL: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 111 RETAIL: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.5 TRANSPORTATION & LOGISTICS 
           9.5.1 DEPLOYMENT OF RTLS TO STREAMLINE BUSINESS OPERATIONS TO DRIVE MARKET
                    TABLE 112 TRANSPORTATION & LOGISTICS: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 113 TRANSPORTATION & LOGISTICS: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.6 GOVERNMENT & DEFENSE 
           9.6.1 INCREASING SAFETY CONCERNS FOR STAFF AND EQUIPMENT TO CREATE OPPORTUNITIES FOR RTLS VENDORS
                    TABLE 114 GOVERNMENT & DEFENSE: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 115 GOVERNMENT & DEFENSE: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.7 EDUCATION 
           9.7.1 RISING DEMAND FOR RTLS TO REDUCE COSTS AND STREAMLINE OPERATIONS TO STIMULATE GROWTH
                    TABLE 116 EDUCATION: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 117 EDUCATION: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.8 OIL & GAS AND MINING 
           9.8.1 FOCUS ON MINIMIZING RISK AND ENHANCING WORKER SAFETY TO BOOST RTLS DEMAND IN OIL & GAS AND MINING SECTOR
                    TABLE 118 OIL & GAS AND MINING: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 119 OIL & GAS AND MINING: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.9 SPORTS & ENTERTAINMENT 
           9.9.1 INCREASING IMPORTANCE OF DATA ANALYTICS IN SPORTS INDUSTRY TO DRIVE ADOPTION OF RTLS SOLUTIONS
                    TABLE 120 SPORTS & ENTERTAINMENT: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 121 SPORTS & ENTERTAINMENT: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.10 OTHER VERTICALS 
           TABLE 122 OTHER VERTICALS: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 123 OTHER VERTICALS: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION)
 
10 RTLS MARKET, BY REGION (Page No. - 146)
     10.1 INTRODUCTION 
             FIGURE 46 RTLS MARKET, BY REGION
             FIGURE 47 CHINA TO BE FASTEST-GROWING COUNTRY IN GLOBAL RTLS MARKET DURING FORECAST PERIOD
             TABLE 124 RTLS MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 125 RTLS MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.2 NORTH AMERICA 
             10.2.1 RECESSION IMPACT ON MARKET IN NORTH AMERICA
                        FIGURE 48 NORTH AMERICA: RTLS MARKET SNAPSHOT
                        FIGURE 49 US TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN RTLS MARKET IN 2028
                        TABLE 126 NORTH AMERICA: RTLS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 127 NORTH AMERICA: RTLS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 128 NORTH AMERICA: RTLS MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                        TABLE 129 NORTH AMERICA: RTLS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                        TABLE 130 NORTH AMERICA: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                        TABLE 131 NORTH AMERICA: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
             10.2.2 US
                        10.2.2.1 Strong presence of major RTLS providers to drive market
             10.2.3 CANADA
                        10.2.3.1 Growing adoption of RTLS in hospitals to fuel market
             10.2.4 MEXICO
                        10.2.4.1 Emerging economy of Mexico to offer growth opportunities to RTLS vendors
     10.3 EUROPE 
             10.3.1 RECESSION IMPACT ON MARKET IN EUROPE
                        FIGURE 50 EUROPE: RTLS MARKET SNAPSHOT
                        FIGURE 51 GERMANY TO REGISTER HIGHEST CAGR IN EUROPEAN RTLS MARKET DURING FORECAST PERIOD
                        TABLE 132 EUROPE: RTLS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 133 EUROPE: RTLS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 134 EUROPE: RTLS MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                        TABLE 135 EUROPE: RTLS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                        TABLE 136 EUROPE: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                        TABLE 137 EUROPE: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
             10.3.2 GERMANY
                        10.3.2.1 Strong focus of manufacturing firms on process automation to drive demand for RTLS
             10.3.3 UK
                        10.3.3.1 Increased government expenditure on healthcare infrastructure to support market growth
             10.3.4 FRANCE
                        10.3.4.1 Huge investments in aerospace industry to boost demand for RTLS solutions
             10.3.5 REST OF EUROPE
     10.4 ASIA PACIFIC 
             10.4.1 RECESSION IMPACT ON MARKET IN ASIA PACIFIC
                        FIGURE 52 ASIA PACIFIC: RTLS MARKET SNAPSHOT
                        FIGURE 53 CHINA TO DOMINATE RTLS MARKET IN ASIA PACIFIC DURING FORECAST PERIOD
                        TABLE 138 ASIA PACIFIC: RTLS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 139 ASIA PACIFIC: RTLS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 140 ASIA PACIFIC: RTLS MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                        TABLE 141 ASIA PACIFIC: RTLS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                        TABLE 142 ASIA PACIFIC: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                        TABLE 143 ASIA PACIFIC: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
             10.4.2 CHINA
                        10.4.2.1 Booming automotive sector to drive demand for RTLS solutions
             10.4.3 JAPAN
                        10.4.3.1 High adoption of advanced technologies in Japan to fuel RTLS market
             10.4.4 SOUTH KOREA
                        10.4.4.1 Rising focus on adoption of smart factory technologies to drive demand for RTLS
             10.4.5 AUSTRALIA
                        10.4.5.1 Thriving healthcare and mining sectors to accelerate market growth
             10.4.6 REST OF ASIA PACIFIC
     10.5 ROW 
             10.5.1 RECESSION IMPACT ON MARKET IN ROW
                        FIGURE 54 MIDDLE EAST TO HOLD LEADING MARKET POSITION THROUGHOUT FORECAST PERIOD
                        TABLE 144 ROW: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 145 ROW: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION)
                        TABLE 146 MIDDLE EAST: RTLS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 147 MIDDLE EAST: RTLS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 148 ROW: RTLS MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                        TABLE 149 ROW: RTLS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                        TABLE 150 ROW: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                        TABLE 151 ROW: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
             10.5.2 MIDDLE EAST
                        10.5.2.1 Growing investments and focus on improving healthcare infrastructure to accelerate demand for RTLS
             10.5.3 SOUTH AMERICA AND AFRICA
                        10.5.3.1 Rising manufacturing and mining sectors to create growth opportunities for RTLS providers
 
11 COMPETITIVE LANDSCAPE (Page No. - 175)
     11.1 INTRODUCTION 
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             TABLE 152 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
     11.3 REVENUE SHARE ANALYSIS OF KEY PLAYERS 
             FIGURE 55 RTLS MARKET: REVENUE SHARE ANALYSIS OF KEY PLAYERS, 2017–2021
     11.4 MARKET SHARE ANALYSIS, 2022 
             TABLE 153 RTLS MARKET: MARKET SHARE ANALYSIS, 2022
             FIGURE 56 SHARE OF KEY PLAYERS IN RTLS MARKET, 2022
     11.5 COMPANY EVALUATION MATRIX FOR KEY PLAYERS, 2022 
             11.5.1 STARS
             11.5.2 EMERGING LEADERS
             11.5.3 PERVASIVE PLAYERS
             11.5.4 PARTICIPANTS
                        FIGURE 57 RTLS MARKET: COMPANY EVALUATION MATRIX, 2022
     11.6 COMPANY EVALUATION MATRIX FOR SMES, 2022 
             11.6.1 PROGRESSIVE COMPANIES
             11.6.2 RESPONSIVE COMPANIES
             11.6.3 DYNAMIC COMPANIES
             11.6.4 STARTING BLOCKS
                        FIGURE 58 RTLS MARKET: COMPANY EVALUATION MATRIX FOR SMES, 2022
     11.7 RTLS MARKET: COMPANY FOOTPRINT 
             TABLE 154 COMPANY FOOTPRINT: RTLS MARKET
             TABLE 155 VERTICAL FOOTPRINT: RTLS MARKET
             TABLE 156 REGION FOOTPRINT: RTLS MARKET
     11.8 COMPETITIVE BENCHMARKING 
             TABLE 157 RTLS MARKET: KEY STARTUPS/SMES
             TABLE 158 RTLS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     11.9 COMPETITIVE SITUATIONS AND TRENDS 
             11.9.1 RTLS MARKET: PRODUCT LAUNCHES
                        TABLE 159 RTLS MARKET: PRODUCT LAUNCHES, 2019–2022
             11.9.2 RTLSRTLS MARKET: DEALS, 2020–2022
                        TABLE 160 DEALS
 
12 COMPANY PROFILES (Page No. - 193)
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*  
     12.1 KEY PLAYERS 
             12.1.1 SECURITAS AB
                        TABLE 161 SECURITAS AB: BUSINESS OVERVIEW
                        FIGURE 59 SECURITAS AB: COMPANY SNAPSHOT
                        TABLE 162 SECURITAS AB: PRODUCTS OFFERED
                        TABLE 163 SECURITAS AB: DEALS
             12.1.2 ZEBRA TECHNOLOGIES CORPORATION
                        TABLE 164 ZEBRA TECHNOLOGIES CORPORATION: BUSINESS OVERVIEW
                        FIGURE 60 ZEBRA TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
                        TABLE 165 ZEBRA TECHNOLOGIES CORPORATION: PRODUCTS OFFERED
                        TABLE 166 ZEBRA TECHNOLOGIES CORPORATION: DEALS
             12.1.3 ARUBA NETWORKS
                        TABLE 167 ARUBA NETWORKS: BUSINESS OVERVIEW
                        TABLE 168 ARUBA NETWORKS: PRODUCT OFFERED
             12.1.4 IMPINJ, INC.
                        TABLE 169 IMPINJ, INC.: BUSINESS OVERVIEWS
                        FIGURE 61 IMPINJ, INC.: COMPANY SNAPSHOT
                        TABLE 170 IMPINJ, INC.: PRODUCTS OFFERED
                        TABLE 171 IMPINJ, INC.: PRODUCT LAUNCHES
                        TABLE 172 IMPINJ, INC.: DEALS
             12.1.5 SAVI TECHNOLOGY
                        TABLE 173 SAVI TECHNOLOGY: BUSINESS OVERVIEW
                        TABLE 174 SAVI TECHNOLOGY: PRODUCTS OFFERED
                        TABLE 175 SAVI TECHNOLOGY: PRODUCT LAUNCHES
                        TABLE 176 SAVI TECHNOLOGY: DEALS
             12.1.6 AIRISTA FLOW, INC.
                        TABLE 177 AIRISTA FLOW, INC.: BUSINESS OVERVIEW
                        TABLE 178 AIRISTA FLOW, INC.: PRODUCTS OFFERED
                        TABLE 179 AIRISTA FLOW, INC.: PRODUCT LAUNCHES
             12.1.7 ALIEN TECHNOLOGY, LLC
                        TABLE 180 ALIEN TECHNOLOGY, LLC: BUSINESS OVERVIEW
             12.1.7.2 Products offered
                        TABLE 181 ALIEN TECHNOLOGY, LLC: PRODUCTS OFFERED
             12.1.8 CENTRAK, INC.
                        TABLE 182 CENTRAK, INC.: BUSINESS OVERVIEW
                        TABLE 183 CENTRAK, INC.: PRODUCTS OFFERED
                        TABLE 184 CENTRAK, INC.: PRODUCT LAUNCHES
                        TABLE 185 CENTRAK, INC.: DEALS
             12.1.9 GE HEALTHCARE TECHNOLOGIES INC.
                        TABLE 186 GE HEALTHCARE TECHNOLOGIES INC.: BUSINESS OVERVIEW
                        TABLE 187 GE HEALTHCARE TECHNOLOGIES INC.: PRODUCTS OFFERED
             12.1.10 MIDMARK CORPORATION
                        TABLE 188 MIDMARK CORPORATION: BUSINESS OVERVIEW
                        TABLE 189 MIDMARK CORPORATION: PRODUCTS OFFERED
             12.1.11 QUUPPA
                        TABLE 190 QUUPPA: BUSINESS OVERVIEW
                        TABLE 191 QUUPPA: PRODUCTS OFFERED
             12.1.12 SIEMENS AG
                        TABLE 192 SIEMENS AG: BUSINESS OVERVIEW
                        FIGURE 62 SIEMENS AG: COMPANY SNAPSHOT
                        TABLE 193 SIEMENS AG: PRODUCTS OFFERED
                        TABLE 194 SIEMENS AG: PRODUCT LAUNCHES
             12.1.13 SONITOR TECHNOLOGIES
                        TABLE 195 SONITOR TECHNOLOGIES: BUSINESS OVERVIEW
                        TABLE 196 SONITOR TECHNOLOGIES: PRODUCTS OFFERED
             12.1.14 TELETRACKING TECHNOLOGIES, INC.
                        TABLE 197 TELETRACKING TECHNOLOGIES, INC.: BUSINESS OVERVIEW
                        TABLE 198 TELETRACKING TECHNOLOGIES, INC.: PRODUCTS OFFERED
                        TABLE 199 TELETRACKING TECHNOLOGIES, INC.: DEALS
             12.1.15 UBISENSE LTD.
                        TABLE 200 UBISENSE LTD.: BUSINESS OVERVIEW
                        TABLE 201 UBISENSE LTD.: PRODUCTS OFFERED
                        TABLE 202 UBISENSE LTD.: PRODUCT LAUNCHES
                        TABLE 203 UBISENSE LTD.: DEALS
     12.2 OTHER PLAYERS 
             12.2.1 AIRTLS
             12.2.2 BLUEIOT (BEIJING) TECHNOLOGY CO., LTD.
             12.2.3 CERNER CORPORATION
             12.2.4 DECAWAVE
             12.2.5 ELIKO
             12.2.6 INPIXON
             12.2.7 KINEXON
             12.2.8 LEANTEGRA INC.
             12.2.9 LINK LABS, INC.
             12.2.10 LITUM
             12.2.11 NANJING WOXU WIRELESS CO., LTD.
             12.2.12 POZYX
             12.2.13 REDPOINT POSITIONING CORPORATION
             12.2.14 SEWIO NETWORKS
             12.2.15 TRACKTIO
             12.2.16 VISIBLE ASSETS, INC.
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.  
 
13 ADJACENT AND RELATED MARKETS (Page No. - 250)
     13.1 INTRODUCTION 
     13.2 RFID MARKET: BY OFFERING 
             13.2.1 INTRODUCTION
                        TABLE 204 RFID MARKET, BY OFFERING, 2018–2021 (USD MILLION)
                        TABLE 205 RFID MARKET, BY OFFERING, 2022–2030 (USD MILLION)
             13.2.2 TAGS
                        13.2.2.1 Use of tags to identify assets or people
             13.2.3 READERS
                        13.2.3.1 Fixed readers
                                     13.2.3.1.1 Rising demand for rugged and cost-efficient fixed readers by manufacturing firms
                        13.2.3.2 Handheld Readers
                                     13.2.3.2.1 Increasing use of handheld readers in industrial plants due to their mobility
 
14 APPENDIX (Page No. - 255)
     14.1 INSIGHTS FROM INDUSTRY EXPERTS 
     14.2 DISCUSSION GUIDE 
     14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     14.4 AVAILABLE CUSTOMIZATIONS 
     14.5 RELATED REPORTS 
     14.6 AUTHOR DETAILS 

 

 

The study involved four major activities in estimating the current size of the real-time location systems (RTLS) market. Exhaustive secondary research has been done to collect information on the market, peer, and parent markets. The next step has been to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the total market size. After that, market breakdown and data triangulation methods were used to estimate the market size of segments and subsegments. Two sources of information—secondary and primary—have been used to identify and collect information for an extensive technical and commercial study of the RTLS market.

Secondary Research

Secondary sources include company websites, magazines, industry news, associations, and databases (Factiva and Bloomberg). These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.

Primary Research

Primary sources mainly consist of several experts from the core and related industries, along with preferred RTLS providers, distributors, alliances, standards, and certification organizations related to various segments of this industry’s value chain.

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts such as Chief Experience Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, product development/innovation teams, and related key executives from RTLS providers, such as Securitas AB (Sweden), Zebra Technologies Corporation (US), Aruba Networks (US), Impinj, Inc. (US), and Savi Technology (US); research organizations, distributors, industry associations, and key opinion leaders. Following is the breakdown of primary respondents.

Real-time Location Systems Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the RTLS market. These methods have also been used extensively to estimate the size of various subsegments in the market. The following research methodology has been used to estimate the market size:

  • Major players in the industry and markets have been identified through extensive secondary research.
  • The industry’s value chain and market size (in terms of value) have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. The market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Market Definition

RTLS systems are local positioning and tracking systems that automatically locate and identify objects/people/targets in real time, usually for indoor applications such as within buildings or other contained areas. RTLS tags/badges attached to things or worn by people communicate wirelessly with fixed receivers/readers/trackers/ access points installed nearby. RTLS is not a specific type of system or technology but a goal that can be accomplished with various systems for locating and managing assets/people.

Key Stakeholders

  • RTLS Hardware Providers
  • RTLS Software Providers
  • RTLS-related Service Providers
  • Government Bodies and Policymakers
  • Industry-standard Organizations, Forums, Alliances, and Associations
  • Market Research and Consulting Firms
  • Raw Material Suppliers and Distributors
  • Research Institutes and Organizations
  • Testing, Inspection, and Certification Providers
  • Distributors and Resellers
  • End Users

Report Objectives

  • To define and forecast the RTLS market regarding offering, technology, application, and vertical.
  • To describe and forecast the RTLS market and its value segments for four regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW), along with their respective countries.
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze micro-markets concerning individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain and allied industry segments of the RTLS market
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the market
  • To strategically profile key players and comprehensively analyze their market position regarding ranking and core competencies, along with a detailed market competitive landscape.
  • To analyze strategic approaches such as agreements, collaborations, and partnerships in the real-time location systems market
  • To provide an analysis of the recession impact on the growth of the market and its segments

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports according to the client’s specific requirements. The available customization options are as follows:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
SE 3323
Published ON
Jun, 2023
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