HOME Top Market Reports Real-Time Location System (RTLS) Market Product (Hardware, Software, & Service), Technology (RFID, Wi-Fi, UWB, Infrared & Others), Application (Healthcare, Manufacturing, Process Industries, Govt & Defense, Retail, & Others), and Geography - Forecasts & Analysis to 2020

Real-Time Location System (RTLS) Market Product (Hardware, Software, & Service), Technology (RFID, Wi-Fi, UWB, Infrared & Others), Application (Healthcare, Manufacturing, Process Industries, Govt & Defense, Retail, & Others), and Geography - Forecasts & Analysis to 2020

By: marketsandmarkets.com
Publishing Date: April 2015
Report Code: SE 3323

 

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Real-Time Location System (RTLS) is a type of location tracking system that tracks and monitors the location of objects in real-time. The RTLS system uses RFID tags and readers to locate and track assets and people. Tags (generally active RFID tags) are powered by batteries to send RF signals regarding the location of an object or person. Readers, which can send and or receive signals, read the data and transfers to the backup system, which is generally a server. Generally, tags send signals for every two to five seconds depending on their capacity, to track the precise location of objects and personnel in real-time. The real-time location system technology has a wide range of applications in various industry verticals such as healthcare, transportation and logistics, industrial manufacturing, process industries, retail, and others due to the increasing focus on resource utilization and enhancing workflow efficiency.

The market for real-time location system reached $720.5 million in 2014, reflecting a year-on-year (YOY) growth rate of about 30% over the previous year. Furthermore, the market is expected to grow at a CAGR of 33.03% between 2015 and 2020, to reach $3,923.6 million by 2020. The real-time location system market is expected to be driven by the increasing opportunities in industrial manufacturing, process industries, transportation and logistics, and retail industries in addition to the healthcare sector through 2020. Although the developed markets account for the maximum market share, the developing markets are expected to witness the highest growth rate during the forecast period. The key drivers of the RTLS market include the need for improved resource utilization and workflow optimization in several industries, technological advancements in the RTLS market, and standards governing the RTLS market. However, the market is restrained by factors including the high cost of ownership, and security and privacy concerns regarding the usage of data.

Currently, the Americas account for the highest market share, due to the higher purchasing power of people and increasing adoption rate of RTLS solutions in various industries. However, the real-time location system market is at nascent stage of growth in Asia-Pacific. This region is expected to witness the highest growth of the RTLS market during the forecast period, driven by rising awareness about the benefits of RTLS solutions and escalating demand from industrial manufacturing, transportation and logistics, and retail sectors. This report on real-time location systems (RTLS) covers the market by product, technology, application and geography. It also provides a detailed analysis of the current market situation and the market till 2020. The report also analyses the supply-side and demand-side factors, market dynamics, and the value chain of the RTLS market by considering the key stakeholders from RTLS vendors to end-users.

This report profiles the major players which are active in the real-time location system market. It also comprises the competitive landscape of the main players including the key growth strategies and market share analysis of the same. Some of the key players profiled in the RTLS market report are Zebra Technologies Corporation (U.S.), AeroScout, Inc. (U.S.), Savi Technology, Inc. (U.S.), TeleTracking Technologies, Inc. (U.S.), Ubisense Group Plc (U.K.), Ekahau, Inc. (U.S.), Identec Group AG (Liechtenstein), CenTrak, Inc. (U.S.), Awarepoint Corporation (U.S.), and Versus Technology, Inc. (U.S.).

Scope of the report

This research report categorizes the global RTLS market; based on product, technology, application, and geography; it also covers the market size forecast of the RTLS market.

On the basis of product:

The global real-time location system market has been segmented by product into hardware, software, and service. The hardware segment is further segmented into tag/transponder and reader/sensor/interrogator.

On the basis of technology:

Based on technology, the RTLS market is further segmented into seven sub-segments such as RFID, Wi-Fi, UWB, Infrared, Ultrasound, ZigBee, and others. The most widely used wireless RTLS technologies include RFID and Wi-Fi, whereas ZigBee and UWB are emerging technologies in the RTLS market.

On the basis of application:

The market for RTLS has been further split based on application into nine sub-segments such as healthcare, transportation and logistics, industrial manufacturing, process industries, government and defense, retail, education, hospitality, and others.

On the basis of geography:

The RTLS market has been split in to four regions based on geography: the Americas, Europe, Asia-Pacific, and ROW. The RTLS market in North America includes the U.S., Canada, and Mexico, while Europe is divided into the U.K., Germany, France, Russia, and rest of Europe. The Asia-Pacific RTLS market includes China, Japan, Australia, India, Malaysia, Singapore, and rest of Asia-Pacific, while ROW has been divided into the Middle East and Africa.

Table of Contents

1 Introduction (Page No. - 15)
    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 Stakeholders

2 Research Methodology (Page No. - 20)
    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 Factor Analysis
           2.2.1 Demand Side Analysis
                    2.2.1.1 Increasing Fund Allocation to Healthcare Across the Globe
           2.2.2 Supply Side Analysis
                    2.2.2.1 Rising RTLS Market Consolidation in the North America
    2.3 Market Size Estimation
           2.3.1 Bottom Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown and Data Trangulation
    2.5 Research Assumptions and Limitations
           2.5.1 Assumptions
           2.5.2 Limitations

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 37)
    4.1 Attractive Market Opportunities in the Real-Time Location System Market
    4.2 The Real-Time Location System Market, Top Three Applications
    4.3 The RTLS Market, By Geography and Technology
    4.4 The U.S. Accounted For Over One-Third Share in the Global RTLS Market
    4.5 The RTLS Market, Top Four Technology Segment (2020)
    4.6 The RTLS Market, Asia-Pacific vs. Europe
    4.7 The RTLS Market, By Product Segment (2020)

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Product
           5.3.2 By Technology
           5.3.3 By Application
           5.3.4 By Geography
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Need For Improved Resource Utilization and Workflow Optimization in Several Industries
                    5.4.1.2 Technological Advancements in the RTLS Market
                    5.4.1.3 Standards Governing the RTLS Market–Pathway to Market Growth
           5.4.2 Restraints
                    5.4.2.1 High Cost of Ownership Including Initial Investment, Implementation, and Maintenance Cost
                    5.4.2.2 Security and Privacy Issues Regarding Access and Usage of Data
           5.4.3 Opportunities
                    5.4.3.1 Emerging Opportunities For RTLS Solutions in the Industrial Manufacturing Sector
                    5.4.3.2 Increasing Demand For  RTLS in Developing Economies Such as Asia-Pacific and ROW
           5.4.4 Challenges
                    5.4.4.1 Complicated Trade-Off Between Accuracy, Range and Power Consumption, A Challenge to RTLS Design

6 Industry Trends (Page No. - 61)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Model
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Degree of Competition
    6.4 Industry Lifecycle

7 Global Real-Time Location System Market, By Product (Page No. - 72)
    7.1 Introduction
    7.2 Hardware
    7.3 Software
    7.4 Service

8 Global Real-Time Location System Market, By Technology (Page No. - 79)
    8.1 Introduction
    8.2 RFID
    8.3 WI-FI
    8.4 Ultra Wide Band (UWB)
    8.5 Infrared
    8.6 Ultrasound
    8.7 Zigbee
    8.8 Others

9  Real-Time Location System Market By Application (Page No. - 119)
    9.1 Introduction
    9.2 Healthcare
    9.3 Transportation and Logistics
    9.4 Industrial Manufacturing
    9.5 Process Industries
    9.6 Government and Defense
    9.7 Retail
    9.8 Education
    9.9 Hospitality
    9.1 Others

10 Global Real-Time Location System Market, By Geography (Page No. - 132)
     10.1 Introduction
     10.2 The Americas
             10.2.1 the U.S.
             10.2.2 Canada
             10.2.3 Mexico
             10.2.4 South America
     10.3 Europe
             10.3.1 The U.K.
             10.3.2 Germany
             10.3.3 France
             10.3.4 Russia
             10.3.5 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 Australia
             10.4.4 India
             10.4.5 Malaysia
             10.4.6 Singapore
             10.4.7 Rest of Asia-Pacific
     10.5 Rest of the World (ROW)
             10.5.1 The Middle East
             10.5.2 Africa

11 Competitive Landscape (Page No. - 147)
     11.1 Overview
     11.2 Market Share Analysis, Real-Time Location System Market
     11.3 Competitive Situation and Trends
             11.3.1 New Product Launches
             11.3.2 Mergers and Acquisitions
             11.3.3 Agreements, Collaborations, Partnerships, Joint Ventures, and Contracts

Company Profiles (Page No. - 155)
     12.1 Introduction
     12.2 Aeroscout, Inc. (U.S.)
             12.2.1 Business Overview
             12.2.2 Products & Services
             12.2.3 Recent Developments
             12.2.4 MNM View
             12.2.5 Key Strategy
     12.3 Ubisense Group PLC. (U.K.)
             12.3.1 Business Overview
             12.3.2 Products & Services
             12.3.3 Recent Developments
             12.3.4 MNM View
             12.3.5 Key Strategy
     12.4 Zebra Technologies Corporation (U.S.)
             12.4.1 Business Overview
             12.4.2 Products & Services
             12.4.3 Recent Developments
             12.4.4 MNM View
             12.4.5 Key Strategy
     12.5 Teletracking Technologies, Inc. (U.S.)
             12.5.1 Business Overview
             12.5.2 Products & Services
             12.5.3 Recent Devlopment
             12.5.4 MNM View
             12.5.5 Key Strategy
     12.6 Savi Technology, Inc. (U.S.)
             12.6.1 Business Overview
             12.6.2 Products & Services
             12.6.3 Recent Devlopments
             12.6.4 MNM View
             12.6.5 Key Strategy
     12.7 Awarepoint Corporation (U.S.)
             12.7.1 Business Overview
             12.7.2 Products & Services
             12.7.3 Recent Devlopments
             12.7.4 Key Strategy
     12.8 Identec Group AG (Liechtenstein)
             12.8.1 Business Overview
             12.8.2 Products & Services
             12.8.3 Recent Devlopments
             12.8.4 Key Strategy
     12.9 Versus Technology, Inc. (U.S.)
             12.9.1 Business Overview
             12.9.2 Products & Services
             12.9.3 Recent Devlopments
             12.9.4 Key Strategy
     12.10 Ekahau, Inc. (U.S.)
             12.10.1 Business Overview
             12.10.2 Products & Services
             12.10.3 Recent Devlopments
             12.10.4 Key Strategy
     12.11 Centrak, Inc. (U.S.)
             12.11.1 Business Overview
             12.11.2 Products & Services
             12.11.3 Recent Devlopments
             12.11.4 Key Strategy


List of Tables (95 Tables)

Table 1 Impact Analysis of Drivers
Table 2 Major Applications of Real-Time Location System
Table 3 RTLS Standards Overview
Table 4 Impact Analysis of Restraints
Table 5 Impact Analysis of Opportunities
Table 6 Impact Analysis of Challenges
Table 7 Prominent Companies in the Real-Time Location System Market
Table 8 Global Real-Time Location System Market, By Product, 2014-2020, ($ Million)
Table 9 The Americas RTLS Market, By Product, 2014-2020, ($ Million)
Table 10 European RTLS Market, By Product, 2014-2020, ($ Million)
Table 11 APAC RTLS Market, By Product, 2014-2020, ($ Million)
Table 12 ROW RTLS Market, By Product, 2014-2020, ($ Million)
Table 13 Comparison Between Different RTLS Technologies
Table 14 Global RTLS Market Size, By Technology, 2015-2020 ($Million)
Table 15 Prominent Companies Offering RTLS Solutions
Table 16 Features of Different RTLS Technologies
Table 17 Comparison Between Active RFID and Passive RFID
Table 18 Global RFID Real-Time Location System Market Size, By Application, 2015-2020 ($Million)
Table 19 Global Market in Healthcare, By Geography, 2015-2020 ($Million)
Table 20 Global Market in Transportation and Logistics, By Geography, 2015-2020 ($Million)
Table 21 Global Market in Industrial Manufacturing, By Geography, 2015-2020 ($Million)
Table 22 Global Market in Process Industries, By Geography, 2015-2020 ($Million)
Table 23 Global Market in Hospitality, By Geography, 2015-2020 ($Million)
Table 24 Global Market in Government and Defense, By Geography, 2015-2020 ($Million)
Table 25 Global Market in the Retail, By Geography, 2015-2020 ($Million)
Table 26 Global Market in Education, By Geography, 2015-2020 ($Million)
Table 27 Global Market in Others, By Geography, 2015-2020 ($Million)
Table 28 Global Market, By Geography, 2015-2020 ($Million)
Table 29 Global WI-FI Real-Time Location System Market Size, By Application, 2015-2020 ($Million)
Table 30 Global Market in Healthcare, By Geography, 2015-2020 ($Million)
Table 31 Global Market in Transportation and Logistics, By Geography, 2015-2020 ($Million)
Table 32 Global Market in Industrial Manufacturing, By Geography, 2015-2020 ($Million)
Table 33 Global Market in Process Industries, By Geography, 2015-2020 ($Million)
Table 34 Global Market in Hospitality, By Geography, 2015-2020 ($Million)
Table 35 Global Market in Government and Defense, By Geography, 2015-2020 ($Million)
Table 36 Global Market in Retail, By Geography, 2015-2020 ($Million)
Table 37 Global Market in Education, By Geography, 2015-2020 ($Million)
Table 38 Global Market in Others, By Geography, 2015-2020 ($Million)
Table 39 Global Market Size, By Geography, 2015-2020 ($Million)
Table 40 Global Ultra Wide Band RTLS Market Size, By Application, 2015-2020 ($Million)
Table 41 Global RTLS Market in Healthcare, By Geography, 2015-2020 ($Million)
Table 42 Global Market in Transportation and Logistics, By Geography, 2015-2020 ($Million)
Table 43 Global Market in Industrial Manufacturing, By Geography, 2015-2020 ($Million)
Table 44 Global Market in Process Industries, By Geography, 2015-2020 ($Million)
Table 45 Global Market in Hospitality, By Geography, 2015-2020 ($Million)
Table 46 Global Market in Government and Defense, By Geography, 2015-2020 ($Million)
Table 47 Global Market in Retail, By Geography, 2015-2020 ($Million)
Table 48 Global Market in Education, By Geography, 2015-2020 ($Million)
Table 49 Global Market in Others, By Geography, 2015-2020 ($Million)
Table 50 Global Market , By Geography, 2015-2020 ($Million)
Table 51 Global Infrared Real-Time Location System Market Size, By Application, 2015-2020 ($Million)
Table 52 Global Infrared RTLS Market in Healthcare, By Geography, 2015-2020 ($Million)
Table 53 Global Market in Transportation and Logistics, By Geography, 2015-2020 ($Million)
Table 54 Global Market in Industrial Manufacturing, By Geography, 2015-2020 ($Million)
Table 55 Global Market in Process Industries, By Geography, 2015-2020 ($Million)
Table 56 Global Market in Hospitality, By Geography, 2015-2020 ($Million)
Table 57 Global Market in Government and Defense, By Geography, 2015-2020 ($Million)
Table 58 Global Market in Retail, By Geography, 2015-2020 ($Million)
Table 59 Global Market in Education, By Geography, 2015-2020 ($Million)
Table 60 Global Market in Others, By Geography, 2015-2020 ($Million)
Table 61 Global Infrared RTLS Market , By Geography, 2015-2020 ($Million)
Table 62 Global Ultrasound Real-Time Location System Market Size, By Application, 2015-2020 ($Million)
Table 63 Global Market in Healthcare, By Geography, 2015-2020 ($Million)
Table 64 Global Market in Transportation and Logistics, By Geography, 2015-2020 ($Million)
Table 65 Global Market in Industrial Manufacturing, By Geography, 2015-2020 ($Million)
Table 66 Global Market in Process Industries, By Geography, 2015-2020 ($Million)
Table 67 Global Market in Hospitality, By Geography, 2015-2020 ($Million)
Table 68 Global Market in Government and Defense, By Geography, 2015-2020 ($Million)
Table 69 Global Market in Retail, By Geography, 2015-2020 ($Million)
Table 70 Global Market in Education, By Geography, 2015-2020 ($Million)
Table 71 Global Ultrasound RTLS Market in Others, By Geography, 2015-2020 ($Million)
Table 72 Global Ultrasound RTLS Market , By Geography, 2015-2020 ($Million)
Table 73 Global Zigbee Real-Time Location System Market Size, By Application, 2015-2020 ($Million)
Table 74 Global Zigbee RTLS Market in Healthcare, By Geography, 2015-2020 ($Million)
Table 75 Global Market in Transportation and Logistics, By Geography, 2015-2020 ($Million)
Table 76 Global Market in Industrial Manufacturing, By Geography, 2015-2020 ($Million)
Table 77 Global Market in Process Industries, By Geography, 2015-2020 ($Million)
Table 78 Global Market in Hospitality, By Geography, 2015-2020 ($Million)
Table 79 Global Zigbee RTLS Market in Government and Defense, By Geography, 2015-2020 ($Million)
Table 80 Global Market in Retail, By Geography, 2015-2020 ($Million)
Table 81 Global Market in Education, By Geography, 2015-2020 ($Million)
Table 82 Global Market in Others, By Geography, 2015-2020 ($Million)
Table 83 Global Zigbee RTLS Market, By Geography, 2015-2020 ($Million)
Table 84 Global Other Technologies Real-Time Location System Market Size, By Application, 2015-2020 ($Million)
Table 85 Global Other Technologies RTLS Market, By Geography, 2015-2020 ($Million)
Table 86 Global Real-Time Location System Market, By Application, 2014-2020, ($Million)
Table 87 Global Real-Time Location System Market, By Geography, 2014-2020, ($ Million)
Table 88 Americas RTLS Market, By Region, 2014-2020, ($Million)
Table 89 North America RTLS Market, By Country, 2014-2020, ($Million)
Table 90 European RTLS Market, By country, 2014-2020, ($Million)
Table 91 APAC RTLS Market, By Country, 2014-2020, ($ Million)
Table 92 ROW RTLS Market, By Region, 2014-2020, ($Million)
Table 93 New Product Launches, 2012-2014
Table 94 Mergers and Acquisitions, 2012–2014
Table 95 Agreements, Collaborations, Partnerships, Joint Ventures, and Contracts, 2012–2014
 
 
List of Figures (82 Figures)
 
Figure 1 Markets Covered
Figure 2 Global Real-Time Location System Market, By Product
Figure 3 Global RTLS Market, By Geography
Figure 4 Research Design
Figure 5 Healthcare Expenditure (As Percentage of GDP)
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Market Breakdown and Data Triangulation
Figure 9 Assumptions of the Research Study
Figure 10 Limitations of the Research Study
Figure 11 Evolution of the Real-Time Location System Market
Figure 12 Global Real-Time Location System Market Snapshot (2014 vs. 2020): UWB Technology Based Solutions is Expected to Grow at Highest Rate
Figure 13 The Application of RTLS Solutions in Government and Defense Industry is Expected to Grow at Fastest Rate
Figure 14 APAC Real-Time Location System Market Analysis, By Country, 2014
Figure 15 Global RTLS Market Share, 2014
Figure 16 Attractive Market Opportunities in the Global Real-Time Location System Market
Figure 17 Application of RTLS is Expected to Grow at Highest Rate  in the Government and Defense Industry
Figure 18 The Americas Accounted For Largest Share in the Global RTLS Market
Figure 19 The U.S. Accounted For Over One-Third Share in the Global RTLS Market
Figure 20 The Market For WI-FI Based RTLS Solutions in APAC is Expected to  Capture Largest Market Share in 2020
Figure 21 Asia-Pacific Markets Are Expected to  Grow Much Faster Than Their Counterparts in Europe
Figure 22 Hardware Products Has A Promising Future in Asia-Pacific
Figure 23 Evolution of the RTLS Market
Figure 24 RTLS Market - Segmentation
Figure 25 By Product
Figure 26 By Technology
Figure 27 By Application
Figure 28 By Geography
Figure 29 Drivers, Restraints, Opportunities, and Challenges For the RTLS Market
Figure 30 Global Industrial Production (Excluding Construction) Snapshot
Figure 31 Organized Retail Penetration in Asia-Pacific, 2013-14
Figure 32 Asia –Pacific E-Tailing Market Potential, 2014
Figure 33 RTLS: Value Chain Analysis
Figure 34 Porter’s Five Forces Analysis
Figure 35 The Porter’s Five Forces Analysis For the RTLS Market
Figure 36 Real-Time Location System Market: Threat of New Entrants
Figure 37 RTLS Market: Threat of Substitutes
Figure 38 RTLS Market: Bargaining Power of Suppliers
Figure 39 RTLS Market: Bargaining Power of Buyers
Figure 40 RTLS Market: Degree of Competition
Figure 41 RTLS Market: Industry Life Cycle
Figure 42 RTLS Market, By Product
Figure 43 Global Real-Time Location System Market, By Technology
Figure 44 Global Market, By Application
Figure 45 Global  Market in Healthcare
Figure 46 Global RTLS Market in Transportation and Logistics
Figure 47 Global Market in Industrial Manufacturing
Figure 48 Global Market in Process Industries
Figure 49 Global Market in Government and Defense
Figure 50 Global Market in Retail
Figure 51 Global RTLS Market in Education
Figure 52 Global Market in Hospitality
Figure 53 Global Market in Others  Segment
Figure 54 The Global Real-Time Location System Market Geographic Snapshot, CAGR% (2015-2020)
Figure 55 The Global RTLS Market By Technology, By Region (2015-2020)
Figure 56 The Americas Real-Time Location System Market Snapshot
Figure 57 The U.S. RTLS Market (2014-2020)
Figure 58 Canada RTLS Market (2014-2020)
Figure 59 Mexico RTLS Market (2014-2020)
Figure 60 European Real-Time Location System Market Snapshot
Figure 61 APAC Real-Time Location System Market Snapshot
Figure 62 ROW RTLS Market Snapshot
Figure 63 Companies Adopted New Product Launches as the Key Growth Strategy Over the Last Three Years
Figure 64 Market Share Analysis, 2014
Figure 65 Market Evolution Framework: Agreements/Collaborations/Partnerships/Joint Ventures/Contracts Have Fueled Growth and Innovation in the RTLS Market
Figure 66 Battle For Market Share: Agreements/Collaborations/Partnerships/Joint Ventures/Contracts as the Key Strategy
Figure 67 Geographic Revenue  Mix of Top Market  Players
Figure 68 Aeroscout, Inc.: Company Snapshot
Figure 69 Aeroscout, Inc. : SWOT Analysis
Figure 70 Ubisense Group PLC.: Company Snapshot
Figure 71 Ubisense Group PLC.: SWOT Analysis
Figure 72 Zebra Technologies Corporation: Company Snapshot
Figure 73 Zebra Technologies Corporation: SWOT Analysis
Figure 74 Teletracking Technologies, Inc. : Company Snapshot
Figure 75 Teletracking Technologies, Inc.: SWOT Analysis
Figure 76 Savi Technology : Company Snapshot
Figure 77 Savi Technology: SWOT Analysis
Figure 78 Awarepoint Corporation: Company Snapshot
Figure 79 Identec Group AG: Company Snapshot
Figure 80 Versus Technology, Inc.: Company Snapshot
Figure 81 Ekahau, Inc.: Company Snapshot
Figure 82 Centrak, Inc.: Company Snapshot

Real time locating systems (RTLS) consist of hardware and software, which are used to constantly track and monitor the real-time location of assets and resources which are equipped with such devices. The demand for RTLS has been increasing at a tremendous rate with the increasing need for optimum utilization of resources in several industries. However, the real-time location system market faces various challenges due to a complicated trade-off between accuracy, power consumption, and range because tags with different bandwidth provide varying levels of accuracy depending on the specific requirements. Moreover, factors such as the high cost of ownership along with security and privacy concerns regarding the usage of data act as restraints towards the growth of the RTLS market. However, the RTLS market is expected to grow at an estimated CAGR of 33.03% between 2015 and 2020, driven by the increase in demand for the efficient utilization of the existing resources and workflow optimization, in addition to the increasing applications of RTLS solutions in various industries.

The key market players in the real-time location system market aim to increase their product offerings and market size in various industries and regions through collaborations, partnerships, new product launches, and by upgrading the existing products. The report covers the RTLS market which has been segmented on the basis of product, technology, application, and geography. Furthermore, it comprises the analyses of the market dynamics during the forecast period, Porter’s Five Forces analysis, and the current competitive scenario along with the market size analysis of the key players. The report also includes the detailed profiles of the major players in the real-time location system market along with, their growth strategies.

Global Real-Time Location System Market

Real Time Location Systems Market

Source: MarketsandMarkets Analysis

This report describes the drivers, restraints, opportunities and challenges pertaining to the RTLS market. Furthermore, it analyses the current market scenario and forecasts the market till 2020, including a market segmentation based on RTLS product, technology, application, and geography. Different RTLS products include hardware, software, and service. Amongst these, hardware and software account for the major share of the real-time location system market. Moreover, the software segment is expected to grow at the highest CAGR of 33.89% during the forecast period. The Americas held the major share of the RTLS market in 2014, followed by Europe and Asia-Pacific. Some of the major companies included in the report are Zebra Technologies Corporation (U.S.), AeroScout, Inc. (U.S.), Savi Technology, Inc. (U.S.), TeleTracking Technologies, Inc. (U.S.), Ubisense Group Plc (U.K.), Ekahau, Inc. (U.S.), Identec Group AG (Liechtenstein), CenTrak, Inc. (U.S.), Awarepoint Corporation (U.S.), and Versus Technology, Inc. (U.S.), and others.

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