HOME Top Market Reports Real-Time Locating Systems (RTLS) Market by Offering (Hardware, Software, and Service), Technology (RFID, W-Fi, UWB, BLE, Infrared), Application (Inventory & Asset - Tracking & Management), Vertical, and Geography - Global Forecast to 2022

Real-Time Locating Systems (RTLS) Market by Offering (Hardware, Software, and Service), Technology (RFID, W-Fi, UWB, BLE, Infrared), Application (Inventory & Asset - Tracking & Management), Vertical, and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: December 2016
Report Code: SE 3323

 

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The RTLS market was valued at USD 1.42 Billion in 2015 and is expected to reach USD 8.09 Billion by 2022, at a CAGR of 24.5% during the forecast period. The base year used for this study is 2015 and the forecast period considered is between 2016 and 2022.

The objectives of the study are as follows:

  • To define, describe, and forecast the real-time locating systems market on the basis of offering, technology, vertical, application, and geography
  • To identify and analyze the major factors influencing the growth of the real-time locating systems market (drivers, restraints, opportunities, and challenges) and key trends that shape and influence the market
  • To analyze the market with the help of the Porter’s five forces framework and provide a detailed Porter's analysis, along with technology and market roadmap
  • To strategically profile key players and comprehensively analyze their market rank, core competencies and details of the competitive landscape of key players
  • To analyze strategic developments such as joint ventures, mergers and acquisitions, product developments, and research and development in the real-time locating systems market

The research methodologies include the use of primary and secondary data. Both, top-down and bottom-up approaches have been used to estimate and validate the size of the market as well as of the other dependent submarkets in the overall RTLS market. Key players in the market have been identified through secondary research. The secondary sources include references such as annual reports, company press releases, and investor presentations of companies; white papers, RFID journals, certified publications such as IEEE, Science direct, articles from recognized authors; websites, directories, and databases, among others. All the percentage shares and breakdowns have been determined by using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The breakdown of the profiles of primaries has been depicted in the figure below:

Real Time Location Systems Market

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The value chain of the RTLS market includes electronic equipment and component providers, RTLS hardware and software providers, connectivity technology providers and system integrators and developers, service providers. The major companies that are part of the value chain include STANLEY Healthcare (U.S.), Zebra Technologies Corp. (U.S.), Ubisense Group PLC. (U.K.), IMPINJ, Inc. (U.S.), Savi Technology (U.S.), AiRISTA, LLC. (U.S.), CenTrak, Inc. (U.S.), Versus Technology, Inc. (U.S.), Identec Group AG (Liechtenstein), Redpine Signals, Inc. (U.S.), Decawave Ltd. (Ireland), Awarepoint Corp. (U.S.), and BeSpoon SAS. (France), among others.

Target Audience:

  • RTLS hardware providers
  • RTLS software providers
  • RTLS-related service providers
  • RTLS-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Semiconductor component suppliers
  • RTLS distributors and sales firms
  • RTLS end users
  • Research institutes, organizations, and consulting companies

“The study answers several questions for the target audiences, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”

Report Scope:

In this report, the RTLS market has been segmented on the basis of:

RTLS Market, by Offering:

  • Hardware
  • Software
  • Service

RTLS Market, by Technology:

  • RFID
  • Wi-Fi
  • Ultra-Wideband (UWB)
  • Infrared (IR)
  • Ultrasound
  • ZigBee
  • Bluetooth Low Energy (BLE)
  • Global Positioning System (GPS)
  • Other RTLS Technologies

RTLS Market, by Vertical:

  • Healthcare
  • Retail
  • Manufacturing
  • Transportation & Logistics
  • Government & Defense
  • Hospitality Food & Beverage
  • Education
  • Oil Gas & Mining
  • Sports & Entertainment
  • Others

RTLS Market, by Application:

  • Security
  • Temperature and Humidity Monitoring
  • Yards & Dock Monitoring, Warehousing
  • Inventory & Asset - Tracking and Management
  • Personnel/Staff Locationing & Monitoring
  • Mapping & Visualization
  • Postal & Courier services
  • Supply Chain Management
  • Workflow & Process Automation
  • Others

RTLS Market, by Geography:

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Rest of the World (RoW)

Company Profiles: Detailed analysis of the major companies present in the RTLS market.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

  • Company Information

Detailed analysis and profiling of additional market players (up to five)

  • Industry Specific Data

Detailed analysis of specific industry and respective use cases or applications of RTLS

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Share Estimation
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities for the Growth of the TRLS Market
    4.2 Software Segment in TRLS Market Expected to Grow at the Highest Rate Between 2016 and 2022
    4.3 UWB Technology in the TRLS Market Expected to Grow at the Highest Rate Between 2016 and 2022
    4.4 TRLS Market in APAC Expected to Grow at the Highest Rate Between 2016 and 2022
    4.5 TRLS Market in Manufacturing Industry Expected to Grow at the Highest Rate Between 2016 and 2022

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Offering
           5.2.2 By Technology
           5.2.3 By Vertical
           5.2.4 By Application
           5.2.5 By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Resource Utilization and Workflow Optimization Requirement in Several Industries
                    5.3.1.2 Rising Market Competitiveness & Increased Technological Advancements
                    5.3.1.3 High Return on Investment
           5.3.2 Restraints
                    5.3.2.1 System Incompatibility, Lack of Uniform Standards and Interoperability
                    5.3.2.2 Low Awareness Among End Users and Lack of Expert Workforce
                    5.3.2.3 Concerns Regarding Security and Privacy
           5.3.3 Opportunities
                    5.3.3.1 Emerging Opportunities for TRLS Solutions in Manufacturing Industry Mainly in Automotive and Aerospace
                    5.3.3.2 High Growth in Various Industries Such as Manufacturing, Oil Gas and Mining in Asia-Pacific and RoW
           5.3.4 Challenges
                    5.3.4.1 Accuracy, Range, and Power Consumption Trade-Off

6 Industry Trends (Page No. - 50)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Intensity of Competitive Rivalry
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Buyers
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Threat of New Entrants

7 Global TRLS Market, By Offering (Page No. - 59)
    7.1 Introduction
    7.2 Hardware
           7.2.1 Tag & Badge
           7.2.2 Reader Or Tracker
           7.2.3 TRLS Gateway
    7.3 Software
           7.3.1 Location Analytics Engine Software
           7.3.2 Middleware
    7.4 Service
           7.4.1 Consulting
           7.4.2 Application Support & Maintenance
           7.4.3 Deployment & Integration

8 TRLS Market, By Technology (Page No. - 71)
    8.1 Introduction
           8.1.1 TRLS Technologies Comparison
           8.1.2 Leading TRLS Players, By Technology
           8.1.3 Hybrid TRLS Technologies
    8.2 RFID
    8.3 Wi-Fi
    8.4 Ultra-Wideband (UWB)
           8.4.1 UWB – A Strong and Emerging Contender With Huge Market Potential
    8.5 Infrared (IR)
    8.6 Ultrasound
    8.7 ZigBee
    8.8 Bluetooth Low Energy (BLE)
    8.9 Global Positioning System (GPS)
    8.10 Other TRLS Technologies

9 Global TRLS Market, By Vertical (Page No. - 106)
    9.1 Introduction
    9.2 Healthcare
    9.3 Retail
    9.4 Manufacturing
    9.5 Transportation & Logistics
    9.6 Government & Defense
    9.7 Hospitality, Food & Beverages
    9.8 Education
    9.9 Oil & Gas, Mining
    9.10 Sports & Entertainment
    9.11 Other Verticals

10 TRLS Market, By Application (Page No. - 122)
     10.1 Introduction
     10.2 Inventory & Asset - Tracking & Management
     10.3 Personnel/Staff Locating & Monitoring
     10.4 Security
     10.5 Temperature & Humidity Monitoring
     10.6 Yard, Dock Monitoring & Warehousing
     10.7 Mapping & Visualization
     10.8 Postal & Courier Services
     10.9 Supply Chain Management
     10.10 Workflow & Process Automation
     10.11 Other Applications

11 Geographic Analysis (Page No. - 134)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 U.K.
             11.3.2 Germany
             11.3.3 France
             11.3.4 Russia
             11.3.5 Rest of Europe
     11.4 Asia-Pacific (APAC)
             11.4.1 Japan
             11.4.2 China
             11.4.3 India
             11.4.4 Rest of APAC
     11.5 Rest of the World (RoW)
             11.5.1 Middle East
             11.5.2 Africa
             11.5.3 South America

12 Competitive Landscape (Page No. - 148)
     12.1 Overview
     12.2 Market Ranking Analysis: TRLS Market
     12.3 Competitive Situation and Trends
             12.3.1 New Product Launches and Developments
             12.3.2 Partnerships, Agreements, Contracts, and Collaborations
             12.3.3 Mergers & Acquisitions

13 Company Profiles (Page No. - 156)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     13.1 Introduction
     13.2 Zebra Technologies Corp.
     13.3 Stanley Healthcare
     13.4 Impinj, Inc.
     13.5 SAVI Technology
     13.6 Ubisense Group PLC.
     13.7 Airista, LLC.
     13.8 Centrak, Inc. (U.S.)
     13.9 Versus Technology, Inc.
     13.10 Identec Group AG
     13.11 Redpine Signals, Inc.
     13.12 Decawave Ltd.
     13.13 Awarepoint Corp. (U.S.)
     13.14 Bespoon Sas.

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 192)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customization
     14.6 Related Reports
     14.7 Author Details


List of Tables (70 Tables)

Table 1 TRLS Market, By Offering, 2013–2022 (USD Million)
Table 2 Leading TRLS Solution Providers, By Offering
Table 3 TRLS Market for Hardware, By Type, 2013–2022 (USD Million)
Table 4 TRLS Market for Hardware, By Type, 2013–2022 (Thousand Units)
Table 5 TRLS Market in North America, By Offering, 2013–2022 (USD Million)
Table 6 TRLS Market in Europe, By Offering, 2013–2022 (USD Million)
Table 7 TRLS Market in APAC, By Offering, 2013–2022 (USD Million)
Table 8 TRLS Market in RoW, By Product 2013–2022 (USD Million)
Table 9 Comparison of Various TRLS Technologies
Table 10 TRLS Market, By Technology, 2013–2022 (USD Million)
Table 11 Leading TRLS Players, By Technology
Table 12 TRLS Market for RFID Technology, By Vertical, 2013–2022 (USD Million)
Table 13 TRLS Market for RFID Technology, By Application, 2013–2022 (USD Million)
Table 14 TRLS Market for RFID Technology, By Region, 2013–2022 (USD Million)
Table 15 TRLS Market for Wi-Fi Technology, By Vertical, 2013–2022 (USD Million)
Table 16 Wi-Fi TRLS Market Size, By Application, 2013–2022 (USD Million)
Table 17 TRLS Market for Wi-Fi Technology, By Region, 2013–2022 (USD Million)
Table 18 TRLS Market for UWB Technology, By Vertical, 2013–2022 (USD Million)
Table 19 TRLS Market for UWB Technology, By Application, 2013–2022 (USD Million)
Table 20 TRLS Market for UWB Technology, By Region, 2013–2022 (USD Million)
Table 21 TRLS Market for IR Technology, By Vertical, 2013–2022 (USD Million)
Table 22 TRLS Market for IR Technology, By Application, 2013–2022 (USD Million)
Table 23 TRLS Market for IR Technology, By Region, 2013–2022 (USD Million)
Table 24 TRLS Market for Ultrasound Technology, By Vertical, 2013–2022 (USD Million)
Table 25 TRLS Market for Ultrasound Technology, By Application, 2013–2022 (USD Million)
Table 26 TRLS Market for Ultrasound Technology, By Region, 2013–2022 (USD Million)
Table 27 TRLS Market for ZigBee Technlogy, By Vertical, 2013–2022 (USD Million)
Table 28 TRLS Market for ZigBee Technology, By Application, 2013–2022 (USD Million)
Table 29 TRLS Market for ZigBee Technology, By Region, 2013–2022 (USD Million)
Table 30 TRLS Market for BLE Technology, By Vertical, 2013–2022 (USD Million)
Table 31 TRLS Market for BLE Technology, By Application, 2013–2022 (USD Million)
Table 32 TRLS Market for BLE Technology, By Region, 2013–2022 (USD Million)
Table 33 TRLS Market for GPS Technology, By Vertical, 2013–2022 (USD Thousand)
Table 34 TRLS Market for GPS Technology, By Application, 2013–2022 (USD Thousand)
Table 35 TRLS Market for GPS Technology, By Region, 2013–2022 (USD Million)
Table 36 TRLS Market for Other Technologies, By Vertical, 2013–2022 (USD Million)
Table 37 TRLS Market for Other Technologies, By Application, 2013–2022 (USD Million)
Table 38 TRLS Market for Other Technologies, By Region, 2013–2022 (USD Million)
Table 39 TRLS Market, By Vertical, 2013–2022 (USD Million)
Table 40 Leading TRLS Solution Providers, By Vertical
Table 41 TRLS Market for Healthcare Vertical, By Region 2013–2022 (USD Million)
Table 42 TRLS Market for Retail Vertical, By Region, 2013–2022 (USD Million)
Table 43 TRLS Market for Manufacturing Vertical, By Region, 2013–2022 (USD Million)
Table 44 TRLS Market for Transportation & Logistics Vertical, By Region, 2013–2022 (USD Million)
Table 45 TRLS Market for Government & Defense Vertical, By Region, 2013–2022 (USD Million)
Table 46 TRLS Market for Hospitality, Food & Beverages Vertical, By Region, 2013–2022 (USD Million)
Table 47 TRLS Market for Education Vertical, By Region, 2013–2022 (USD Million)
Table 48 TRLS Market for Oil & Gas, Mining Vertical, By Region, 2013–2022 (USD Million)
Table 49 TRLS Market for Sports & Entertainment Vertical, By Region, 2013–2022 (USD Million)
Table 50 TRLS Market for Other Verticals, By Region, 2013–2022 (USD Million)
Table 51 TRLS Market, By Application, 2013–2022 (USD Million)
Table 52 TRLS Market for Inventory & Asset – Tracking and Management Application, By Technology 2013–2022 (USD Million)
Table 53 TRLS Market for Personnel/Staff Locating & Monitoring Application, By Technology, 2013–2022 (USD Million)
Table 54 TRLS Market for Security Application, By Technology, 2013–2022 (USD Million)
Table 55 TRLS Market for Temperature & Humidity Monitoring Application, By Technology, 2013–2022 (USD Million)
Table 56 TRLS Market for Yard, Dock Monitoring & Warehousing Application, By Technology, 2013–2022 (USD Million)
Table 57 TRLS Market for Mapping & Visualization Application, By Technology, 2013–2022 (USD Million)
Table 58 TRLS Market for Postal & Courier Service Application, By Technology, 2013–2022 (USD Million)
Table 59 TRLS Market for Supply Chain Management Application, By Technology, 2013–2022 (USD Million)
Table 60 TRLS Market for Workflow & Process Automation Application, By Technology, 2013–2022 (USD Million)
Table 61 TRLS Market for Other Applications, By Technology, 2013–2022 (USD Million)
Table 62 TRLS Market, By Region, 2013–2022 (USD Million)
Table 63 TRLS Market in North America, By Country, 2013–2022 (USD Million)
Table 64 TRLS Market in Europe, By Country, 2013–2022 (USD Million)
Table 65 TRLS Market in APAC, By Country, 2013–2022 (USD Million)
Table 66 TRLS Market in RoW, By Region, 2013–2022 (USD Million)
Table 67 Key Player Market Ranking, 2015
Table 68 New Product Launches, 2015–2016
Table 69 Partnerships, Agreements, Contracts, and Collaborations, 2015–2016
Table 70 Mergers & Acquisitions, 2014–2016


List of Figures (64 Figures)

Figure 1 Market Segmentation
Figure 2 Market By Geography
Figure 3 TRLS Market: Research Design
Figure 4 Breakdown of Primaries
Figure 5 Process Flow of Market Size Estimation
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Data Triangulation
Figure 9 Growth in TRLS Market, 2013–2022
Figure 10 Wi-Fi Based TRLS Solutions to Hold the Largest Market Size By 2022
Figure 11 Manufacturing Industry Expected to Grow at the Highest Rate in the TRLS Market Between 2016 and 2022
Figure 12 APAC Market Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 13 TRLS Market to Grow at 24.5% CAGR Dominated By Healthcare Industry
Figure 14 Hardware Segment in TRLS Market Held the Largest Size in 2015
Figure 15 Wi-Fi- and North America Held the Largest Market Size in Global TRLS Market 2015
Figure 16 UWB- & Bluetooth Le-Based TRLS Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 17 North America Held the Largest Share of the Overall TRLS Market in 2015
Figure 18 Healthcare Industry Held the Largest Size of the TRLS Market in 2015
Figure 19 TRLS Market Segmentation
Figure 20 TRLS Market, By Geography
Figure 21 TRLS Market: Drivers, Restraints, Opportunities, and Challenges
Figure 22 TRLS Market: Value Chain Analysis
Figure 23 TRLS Market: Porter’s Five Forces Analysis, 2015
Figure 24 Porter’s Five Forces Analysis for the TRLS Market, 2015
Figure 25 High Impact of Intensity of Competitive Rivalry in the TRLS Market in 2015
Figure 26 Low Impact of Threat of Substitutes in the TRLS Market in 2015
Figure 27 High Impact of Bargaining Power of Buyers in the TRLS Market in 2015
Figure 28 Medium Impact of Bargaining Power of Suppliers in the TRLS Market in 2015
Figure 29 Medium Impact of Threat of New Entrants in the TRLS Market in 2015
Figure 30 TRLS Market Segmentation, By Offering
Figure 31 TRLS Market, By Product, 2016 vs 2022 (USD Million)
Figure 32 Software Segment to Dominate the TRLS Market for Offering in North America During the Forecast Period
Figure 33 Software Segment to Dominate the TRLS Market for Offering in Europe During the Forecast Period
Figure 34 Software Segment to Dominate the TRLS Market for Offering in APAC During the Forecast Period
Figure 35 Software Segment to Dominate the TRLS Market for Offering in RoW During the Forecast Period
Figure 36 Wi-Fi Technology Expected to Hold the Largest Size of the TRLS Market During the Forecast Period
Figure 37 Healthcare Vertical to Hold the Largest Size of the Market for TRLS Based on RFID Technology During the Forecast Period
Figure 38 Supply Chain Management Application to Grow at the Highest Rate in Wi-Fi Based TRLS Market During the Forecast Period
Figure 39 North America Expected to Hold the Largest Size of the TRLS Market for UWB Technology During the Forecast Period
Figure 40 Supply Chain Management Application to Grow at the Highest Rate in the TRLS Market for Ultrasound Technology During the Forecast Period
Figure 41 APAC Expected to Grow at the Highest Rate in the TRLS Market for ZigBee Technology During the Forecast Period
Figure 42 TRLS Market Segmentation, By Vertical
Figure 43 Manufacturing Industry is Expected to Achieve Highest Growth in TRLS During the Forecast Period
Figure 44 Geographic Snapshot of TRLS Market: Rapidly Growing Markets Emerging as New Hotspots
Figure 45 TRLS Market, By Region, 2016 vs 2022 (USD Million)
Figure 46 TRLS Market in APAC to Register the Highest Growth Rate During the Forecast Period
Figure 47 TRLS Market in North America, By Country, 2016 vs 2022 (USD Million)
Figure 48 U.S. Held A Major Share of the North American TRLS Market in 2015
Figure 49 TRLS Market in Europe, By Country, 2016 vs 2022 (USD Million)
Figure 50 U.K. Held A Major Share of the European TRLS Market in 2015
Figure 51 Japan Held A Major Share of the APAC TRLS Market in 2015
Figure 52 Companies Adopted New Product Developments and Partnerships & Agreements as the Key Growth Strategies Between 2014 and 2016
Figure 53 Market Evolution Framework—Strategy of New Product Launches and Development Fueled Growth and Innovation in the TRLS Market Between 2014 and 2016
Figure 54 Battle for Market Share: New Product Launches & Development Were the Key Strategies Between 2014 and 2016
Figure 55 Geographic Revenue Mix of Top 4 Market Players
Figure 56 Zebra Technologies Corp.: Business Overview
Figure 57 Zebra Technologies Corp.: SWOT Analysis
Figure 58 Stanley Black & Decker, Inc.: Business Overview
Figure 59 Stanley Healthcare: SWOT Analysis
Figure 60 Impinj, Inc.: Business Overview
Figure 61 Impinj Inc.: SWOT Analysis
Figure 62 SAVI Technology : SWOT Analysis
Figure 63 Ubisense Group PLC.: Business Overview
Figure 64 Ubisense Group PLC.: SWOT Analysis

The RTLS market was valued at USD 1.42 Billion in 2015 and is expected to reach USD 8.09 Billion by 2022, at a CAGR of 24.5% during the forecast period. The requirement for resource utilization and workflow optimization in several industries, rising market competitiveness, increasing technological advancements, and high return on investment are the major drivers for the this market. These solutions are expected to penetrate more into different sectors, such as manufacturing, consumer products, and others in the near future to become a mainstream technology for tracking and locating solution vendors. With increase in awareness regarding the advantages of automatic asset tracking and management, the market for RTLS solutions is projected to grow at a tremendous rate between 2016 and 2022.

The scope of this report covers the real-time locating systems market on the basis of offering, technology, vertical, application and geography. The healthcare vertical led the RTLS market in 2015 and the trend is expected to continue till 2022. The high acceptance rate of RTLS solutions in healthcare to track and monitor assets, personnel, and patients, to maintain a hygienic environment, and for other applications is main reason behind the largest market share of healthcare in this market. Manufacturing and sports and entertainment vertical are expected to grow at the highest rate in the RTLS market during the forecast period mainly because of wide application or use cases in these industries.

The ultra-wideband (UWB)-based real-time locating systems market is expected to grow at the highest rate between 2016 and 2022. The high precision location identification, low interference with other signals, usability in both outdoor and indoor environments, and acceptable operating range makes UWB a significant technology in the RTLS market.

North America held the largest share of the RTLS market in 2015 owing to major RTLS player presence and early adoption of the RTLS technologies in various industries such as healthcare, retail, and manufacturing. The U.S. is a major contributor to the growth of the RTLS market in North America. The market in APAC is expected to grow at a high rate between 2016 and 2022. The increasing use of real-time locating systems in manufacturing, retail, and oil gas & mining industry in APAC is driving the market in this region.

Real Time Location Systems Market

System incompatibility, lack of uniform standards, and interoperability, along with low awareness and lack of expertise are the major restraints for the growth of the RTLS market. Having high range, high accuracy and low power consumption in a single RTLS solution is the major challenge faced by the RTLS solution providers. This report discusses the drivers, restraints, opportunities, and challenges pertaining to the RTLS market. In addition, it analyzes the current market scenario and forecasts the market size till 2022.

Some of the major companies operating in the RTLS market are STANLEY Healthcare (U.S.), Zebra Technologies Corp. (U.S.), Ubisense Group PLC. (U.K.), IMPINJ, Inc. (U.S.), Savi Technology (U.S.), AiRISTA, LLC. (U.S.), CenTrak, Inc. (U.S.), Versus Technology, Inc. (U.S.), Identec Group AG (Liechtenstein), Redpine Signals, Inc. (U.S.), Decawave Ltd. (Ireland), Awarepoint Corp. (U.S.), and BeSpoon SAS. (France), among others.

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