Real-Time Location Systems Market

Real-Time Location Systems Market (RTLS) by Offering (Hardware, Software, Services), Technology (RFID, W-Fi, UWB, BLE), Vertical (Healthcare, Manufacturing, Retail, Education, Govt., Sports), Application/Use case, and Geography - Global Forecast to 2023

Report Code: SE 3323 Dec, 2019, by marketsandmarkets.com
Updated date -

The Real-time location system market (RTLS) forecasts to grow from USD 3,186 million in 2018 and to reach USD 8,792 million by 2023, at a CAGR of 22.5% during the forecast period. The market growth is driven by the high adoption of RTLS solutions in the healthcare, retail, and manufacturing and automotive verticals. The regulatory compliance across industries including healthcare, oil & gas, mining, education, and manufacturing have also boosted the demand for RTLS solutions. The emergence of innovative startups, market competitiveness, and availability of customized solutions and high return on investment are the factors driving the growth of RTLS market.

Real Time Location Systems Market

“Services segment to exhibit highest CAGR in global RTLS market during the forecast period ”

The hardware segment held the largest market share in 2017; however, organizations using RTLS solutions are expected to spend a significant amount on support and maintenance services on a regular basis. Hence, the RTLS market for services is expected to grow at the highest CAGR during the forecast period

“Healthcare is expected to hold the largest share of the RTLS market during the forecast period”

Healthcare has been the major industry for RTLS solutions and is expected to continue to hold a major share during the forecast period. The largest market share of the healthcare vertical is attributed to the early adoption of RTLS-based solutions for a wide range of healthcare applications such as tracking and monitoring assets, personnel, and patients; hand hygiene compliance; and environmental monitoring. Several hospitals across the world spend a huge amount on buying lost equipment and looking after medical equipment and people (staff and patients). These factors, along with the growth of IoT in healthcare, have led to a huge market opportunity for RTLS market solutions in healthcare industry.

“UWB technology to account for largest size of RTLS market by 2023”

The market for UWB technology-based RTLS solutions is expected to grow at the highest CAGR during the forecast period. The UWB technology can support locating a large number of objects down to the range of few centimeters. The declining prices of UWB tags is likely to boost the demand for UWB technology-based RTLS solutions from various verticals such as manufacturing, transportation, and logistics in the coming years. UWB technology is expected to surpass the market for all other RTLS market technologies by 2023.

 “RTLS market in APAC to register highest CAGR during  the forecast period”

The market in APAC is expected to grow at the highest CAGR during the forecast period owing to the untapped applications of RTLS solutions in different industries in APAC. Japan is the early adopter of RTLS solutions and has witnessed the highest growth in the RTLS market in the past. Countries such as South Korea, China, and Australia are also expected to witness high growth in market APAC.

The emergence of new applications/use cases and untapped/unexplored industries and applications in the APAC and RoW regions are likely to provide opportunities to RTLS vendors in the coming years. Additionally, emerging trends such as IoT, Industry 4.0, and the development of hybrid solutions as a result of technological advancements are also expected to present lucrative opportunities to RTLS vendors in the next few years. The growing IoT applications devised with healthcare requirements are expected to contribute to the growth for the healthcare vertical. The education vertical is expected to witness the highest CAGR in the RTLS market during the forecast period owing to the rising concern for the security and safety of students and faculty at educational premises.

Real Time Location Systems Market

Real-Time Location System Market Dynamics

Driver: Regulatory compliance across industries including healthcare, oil & gas, mining,  education, and manufacturing

There are several regulations in healthcare, oil & gas, mining, manufacturing, and other industries related to workers’ safety, workflow, and security. For example, in healthcare, by deploying RTLS, management can track whether members of staff are complying with regulations regarding proper disinfection, hand hygiene, and others. Compliance with hand hygiene protocol in hospitals can significantly minimize the risk of nosocomial infections. RTLS can also be used to monitor assets/environment that requires temperature range compliance.

The use of RTLS in oil & gas and mining sectors is boosted by the increasing government regulations in various countries. For instance, the Turkish government enacted new regulatory measures to improve safety and security of miners in the country. The new regulation stipulated that all mines should take additional safety measures and provide real-time miner location tracking in the event of a catastrophe. This tracking makes it easier to locate miners in the event of collapse and greatly increases their chances of survival.

In the near future, similar regulations are likely to be enforced in other industries too, which will further fuel the growth of RTLS market during the forecast period. For instance, while tragic, the shootings happened during 2017–18 in American educational institutions have raised a concern for safety and security, which may lead to new regulations passed by the government bodies and will enhance the scope for the deployment of RTLS.

Restraint: Concerns regarding data security and privacy 

The data security and privacy is one of the major issues faced by the personnel/staff in several industries, particularly in the healthcare domain. The threat of cyberattacks in healthcare has never been more prevalent and is a major issue for every organization looking to establish an RTLS entry point into their network and systems. Real-time location tracking systems are revolutionizing various industries where the efficient utilization of resources is critical. RTLS provides the whereabouts of individuals at any time and also offers the visibility required to keep people safe. However, union members in the respective industries complain that an RTLS solution can be used to monitor specific employees unfairly, that is, their break time and working hours, while in other cases, people are worried about the loss of their personal freedom.

In the US, the amount of electronic data is doubling every 3 years, driven by the increased use of internet, smartphones, social networks, and the growth of machine-generated data, including RFID tags, sensors, and surveillance cameras. The personal medical and health data of the patient can be disclosed outside of Health Insurance Portability and Accountability Act (HIPAA) protection by several sources while undertaking routine healthcare activities such as credit card payments for physician visit co-pays and over-the-counter medications, and visits to alternative medical practitioners. With the expansion of the digital world, the public concern regarding privacy is increasing.

Several governments and authorities are focusing on protecting the data privacy through the implementation of stringent regulations. For example, the Geolocation Privacy and Surveillance Act (GPS Act) seeks to establish a legal framework that provides clear guidelines to the government agencies, commercial entities, and private citizens regarding the access and use of geolocation information. The bill would create a process whereby government agencies could get a probable cause warrant to obtain geolocation information in the same way that they currently get warrants for other types of electronic surveillance. In addition, the GPS Act would prohibit businesses from disclosing geographical tracking data about its customers to others without the customer’s permission. Despite companies educate their customers and staff regarding the use of RTLS, the concerns over data privacy still persist.

Opportunity: Emerging opportunities in government and defense sectors

Governments in various geographic regions are focused on implementing RTLS solutions, which is facilitating RTLS vendors to meet the requirements of the government and defense sector. For instance, in September 2016, Visible Assets was assigned a contract with Bureau of Reclamation for providing a weapons and equipment tracking system. The company has completed the installation of a fully automated armory 20/20 system, including 100% accurately automated asset audits, rapid accountable issuance, and high-security exit/entry perimeter detection. Furthermore, the US Department of Veterans Affairs (VA) gave a 5-year contract (2013-2018), worth USD 543 million, to Hewlett-Packard Enterprise Services for the deployment of RTLS at 152 medical centers to assist the veteran healthcare services.

RTLS systems are deployed by companies that manufacture various solutions for defense applications. For instance, in June 2017, Lockheed Martin, a provider of technology for helicopters; integrated air and missile defense; radar; and littoral, undersea, or electronic warfare, partnered with ONYX Beacon to install its BLE beacon-based RTLS system. This system is used to track the movement of inventory in 2 of their warehouses.

Challenge: Less awareness among end users and lack of expert workforce  

One of the biggest challenges in the RTLS market is less awareness about the advantages of RTLS as users still highly depend on barcodes and passive RFID tags for their businesses. The awareness is very low in developing economies, such as APAC and RoW. Moreover, most of the organizations that use RTLS and analytics struggle to optimally utilize the potential of these technologies as they lack expertise and well-skilled technicians to deal with the digital spatial data and any issues that may occur. The lack of appropriate knowledge and less awareness act as a barrier to the adoption of location-based solutions.

Real Time Location Systems Market

Report Scope

Report Metric

Details

RTLS Market Size Available for Years

2015–2023

Base Year Considered

2017

Forecast Period

2018–2023

Forecast Units

Million Units
USD Billion, USD Million

Segments Covered

Offering, Technology, Application/Use-case, End-use Vertical, Region

Regions Covered

APAC, North America, Europe, and RoW

Companies Covered

STANLEY Healthcare (US), Zebra Technologies (US), Aruba Networks (HP Enterprise US), IMPINJ (US), Savi Technology (US), TeleTracking Technologies (US), Ubisense Group (UK), AiRISTA Flow (US), Awarepoint (US), Identec Group (Liechtenstein), and Alien Technology (US), DecaWave (Ireland), Redpine Signals (US), Visible Assets (US), Litum Technologies (Turkey), Mojix (US), Tracktio (Spain), CenTrak (US), and OpenRTLS (Netherlands), Cerner Corp. (US), GE Healthcare (US), Cisco Systems (US), Sonitor Technologies (Norway), and STATSports Technologies (UK)

Real-Time Location Systems (RTLS) Market Segmentation:

 In this report, the RTLS market has been segmented into the following segments:

Global RTLS Market, by Offering:

  • Hardware
    • Tags/Badges
    • Readers/Trackers/Access Points
    • Others
  • Software
    • Application
    • Middleware
    • Location Analytics Engine
  • Services
    • Consulting
    • Support and Maintenance
    • Deployment and integration

Global RTLS Market, by Technology:

  • RFID
    • Active RFID
    • Passive RFID
  • Wi-Fi
  • UWB
  • BLE
  • Infrared (IR)
  • Ultrasound
  • GPS
  • Others (includes ZigBee and RuBee)

Global RTLS Market, by Application/Use-case:

  • Inventory/Asset-Tracking & Management
  • Personnel/staff-Locating & Monitoring (includes Patient Tracking)
  • Access Control/Security
  • Environmental Monitoring
  • Yard, Dock, Fleet, & Warehouse-Management & Monitoring
  • Supply Chain Management & Operational Automation/Visibility (includes container tracking and work-in progress tracking)
  • Others

Global RTLS Market, by Vertical:

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

Global RTLS Market, by Geography:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • Australia
    • South Korea
    • Rest of APAC
  • Rest of the World (RoW)
    • Middle East
    • Africa
    • South America

Key Market Players

Key players in the market include STANLEY Healthcare (US), Zebra Technologies (US), Aruba Networks (HP Enterprise US), IMPINJ (US), Savi Technology (US), TeleTracking Technologies (US), Ubisense Group (UK), AiRISTA Flow (US), Awarepoint (US), Identec Group (Liechtenstein), and Alien Technology (US), DecaWave (Ireland), Redpine Signals (US), Visible Assets (US), Litum Technologies (Turkey), Mojix (US), Tracktio (Spain), CenTrak (US), and OpenRTLS (Netherlands), Cerner Corp. (US), GE Healthcare (US), Cisco Systems (US), Sonitor Technologies (Norway), and STATSports Technologies (UK)

STANLEY Healthcare has strong global presence and a wide customer base, particularly in North America and Europe. The company’s acquisition of Aeroscout has helped increase its product portfolio, as well as its revenue generation. The company is financially strong owing to the support from its parent company and one of the top real-time locating system providers in the healthcare industry. The company has grown in various regions and market segments through extending partnerships and establishing new facilities to increase its solution portfolio.

Recent developments

  • In February 2018, STANLEY Healthcare  launched a cloud-based IoT solution for real-time monitoring applications, especially in the healthcare sector. It supports multiple sensors and has the scalability to cover from a few devices in one location to thousands of devices across multiple sites
  • In February 2018, STANLEY Healthcare partnered with Sonitor by integrating Sonitor’s proprietary Sense High-Definition Ultrasound Indoor Positioning technology into its AeroScout RTLS platform. The partnership is likely to enable hospitals to deploy RTLS solutions at a lower cost of ownership and with greater ease and less complexity.
  • In March 2018, Aruba Networks obtained a contract from Giant Tiger, a Canadian discount store chain, to deploy BLE-based beacons for asset tracking and wayfinding applications in their stores to improve efficiency.
  • In March 2016, AiRISTA announced the acquisition of Ekahau RTLS (Reston, VA) and Ekahau RTLS International (Helsinki, Finland). AiRISTA Flow continued offering the Ekahau RTLS products, along with supporting the Ekahau RTLS customer base, as well as expand its portfolio of offerings by integrating existing AiRISTA and Ekahau platforms.

Critical questions the report answers:

  • What are the opportunities for RTLS solution providers?
  • How much growth is expected from BLE, UWB, Wi-Fi based RTLS solutions in the market
  • Who are the major current and potential competitors in the market, and what are their top priorities, strategies, and developments?
  • What are the major applications of the RTLS market?
  • What are the major verticals of market and growth trends in respective verticals?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction
    1.1 Study Objectives
    1.2 Definition
           1.2.1 Inclusions and Exclusions
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 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 Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary

4 Premium Insights

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
           5.2.2 Restraints
           5.2.3 Opportunities
           5.2.4 Challenges

6 Industry Trends
    6.1 Introduction 
    6.2 Value chain analysis 
    6.3 RTLS technology comparison 
    6.4 Price comparison of RTLS tags, by technology, 2018
    6.5 RTLS tag cost; accuracy level; and operating range, by technology 2018
    6.6 Company focus/Major trends in global market 
           6.6.1 By Technology
           6.6.2 By Offering
           6.6.3 By Vertical
           6.6.4 By Use Case/Application

7 Global RTLS Market, By Offering
    7.1 Introduction
    7.2 Hardware 
           7.2.1 Tags/Badges
           7.2.2 Readers/Trackers/Access Points
           7.2.3 Others
    7.3 Software 
           7.3.1 Application
           7.3.2 Middleware
           7.3.3 Location analytics engine
    7.4 Services 
           7.4.1 Consulting
           7.4.2 Support and maintenance
           7.4.3 Deployment and integration

8 Global RTLS Market By Technology
    8.1 Introduction
    8.2 RFID
           8.2.1 Active RFID
           8.2.2 Passive RFID
    8.3 Wi-Fi
    8.4 UWB 
    8.5 BLE 
    8.6 Infrared (IR)
    8.7 Ultrasound 
    8.8 GPS 
    8.9 Others
           8.9.1 ZigBee
           8.9.2 RuBee

9 Global RTLS Market, By Application/Use-case
    9.1 Introduction
    9.2 Inventory/Asset-Tracking & Management 
    9.3 Personnel/Staff-Locating & Monitoring (includes Patient Tracking)
    9.4 Access Control/Security 
    9.5 Environmental Monitoring 
    9.6 Yard, Dock, Fleet, & Warehouse- Management & Monitoring 
    9.7 Supply Chain Management & Operational Automation/Visibility (includes container tracking and work-in progress tracking)
    9.8 Others 

10 Global RTLS Market, By End-use Vertical
     10.1 Introduction
     10.2 Healthcare
     10.3 Manufacturing & Automotive
     10.4 Retail 
     10.5 Transportation & Logistics 
     10.6 Government & Defense 
     10.7 Education 
     10.8 Oil & Gas, Mining 
     10.9 Sports & entertainment
     10.10 Others 

11 Geographic Analysis
     11.1 Introduction
     11.2 North America
             11.2.1 US
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 UK
             11.3.2 Germany
             11.3.3 France
             11.3.4 Rest of Europe
     11.4 Asia Pacific
             11.4.1 China
             11.4.2 Japan
             11.4.3 Australia
             11.4.4 South Korea
             11.4.5 Rest of APAC
     11.5 Rest of the World (RoW)
             11.5.1 Middle East
             11.5.2 South America
             11.5.3 Africa

12 Competitive Landscape
     12.1 Overview
     12.2 Ranking Analysis of Players in Global RTLS Market 
     12.3 Competitive Scenario
             12.3.1 Competitive Situation and Trend
             12.3.2 Product Launches and Developments
             12.3.3 Contracts, Partnerships & Collaborations
             12.3.4 Others

13 Company Profiles
     13.1 Introduction
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     13.2 Key Players
             13.2.1 Stanley Healthcare
             13.2.2 Zebra Technologies
             13.2.3 Aruba Networks (HP Enterprise)
             13.2.4 Impinj
             13.2.5 Savi Technology
             13.2.6 TeleTracking Technologies
             13.2.7 Ubisense Group
             13.2.8 AiRISTA
             13.2.9 Sonitor Technologies
             13.2.10 Identech Group AG
             13.2.11 Alien Technology
     13.3 Key Innovators 
             13.3.1 DecaWave
             13.3.2 Redpine Signals
             13.3.3 Visible Assets
             13.3.4 CenTrak
             13.3.5 Leantegra
             13.3.6 OpenRTLS
             13.3.7 Litum Technologies (Litum & Sanitag)
             13.3.8 Tracktio
     13.4 Other Important Players
             13.4.1 Cerner Corp
             13.4.2 GE Healthcare
             13.4.3 Cisco
             13.4.4 STATSports
             13.4.5 Mojix

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details


List of Tables (102 Tables)

Table 1 Typical Return on Investment (RoI) in Hospitals With RTLS Deployment
Table 2 Comparison of RTLS Tags Based on Different Technologies
Table 3 Global RTLS Market, By Offering, 2017–2025 (USD Billion)
Table 4 Global Market, By Solution Type, 2017–2025 (USD Billion)
Table 5 Market for Hardware, By Technology, 2017–2025 (USD Million)
Table 6 Market for Hardware, By Component, 2017–2025 (USD Million)
Table 7 Market for Tags/Badges, By Technology, 2017–2025 (Million Units)
Table 8 Market for Hardware, By Region, 2017–2025 (USD Million)
Table 9 Market for Software, By Technology, 2017–2025 (USD Million)
Table10 Market for Software, By Region, 2017–2025 (USD Million)
Table 11 RTLS Market for Services, By Type, 2017–2025 (USD Million)
Table 12 Market for Services, By Region, 2017–2025 (USD Million)
Table 13 Global RTLS Market, By Technology, 2017–2025 (USD Million)
Table 14 Market for RFID Technology, By Offering, 2017–2025 (USD Million)
Table 15 Market for RFID Technology, By Vertical, 2017–2025 (USD Million)
Table 16 Market for RFID Technology, By Region, 2017–2025 (USD Million)
Table 17 Market for Wi-Fi Technology, By Offering, 2017–2025 (USD Million)
Table 18 Market for Wi-Fi Technology, By Vertical, 2017–2025 (USD Million)
Table 19 Market for Wi-Fi Technology, By Region, 2017–2025 (USD Million)
Table 20 Market for UWB Technology, By Offering, 2017–2025 (USD Million)
Table 21 Market for UWB Technology, By Vertical, 2017–2025 (USD Million)
Table 22 RTLS Market for UWB Technology, By Region, 2017–2025 (USD Million)
Table 23 Market for BLE Technology, By Offering, 2017–2025 (USD Million)
Table 24 Market for BLE Technology, By Vertical, 2017–2025 (USD Million)
Table 25 Market for BLE Technology, By Region, 2017–2025 (USD Million)
Table 26 Market for IR Technology, By Offering, 2017–2025 (USD Million)
Table 27 Market for IR Technology, By Vertical, 2017–2025 (USD Million)
Table 28 RTLS Market for IR Technology, By Region, 2017–2025 (USD Million)
Table 29 Market for Ultrasound Technology, By Offering, 2017–2025 (USD Million)
Table 30 Market for Ultrasound Technology, By Vertical, 2017–2025 (USD Million)
Table 31 Market for Ultrasound Technology, By Region, 2017–2025 (USD Million)
Table 32 Market for GPS Technology, By Offering, 2017–2025 (USD Million)
Table 33 Market for GPS Technology, By Vertical, 2017–2025 (USD Million)
Table 34 Market for GPS Technology, By Region, 2017–2025 (USD Million)
Table 35 RTLS Market for Other Technologies, By Offering, 2017–2025 (USD Million)
Table 36 Market for Other Technologies, By Vertical, 2017–2025 (USD Million)
Table 37 Market for Other Technologies, By Region, 2017–2025 (USD Million)
Table 38 Global Market, By Application, 2017–2025 (USD Million)
Table 39 Market for Inventory/Asset – Tracking & Management Application, By Vertical, 2017–2025 (USD Million)
Table 40 Market for Personnel/Staff – Locating & Monitoring Application, By Vertical, 2017–2025 (USD Million)
Table 41 Market for Access Control/Security Application, By Vertical, 2017–2025 (USD Million)
Table 42 RTLS Market for Environmental Monitoring Application, By Vertical, 2017–2025 (USD Million)
Table 43 Market for Yard, Dock, Fleet, & Warehouse – Management & Monitoring Application, By Vertical, 2017–2025 (USD Million)
Table 44 Market for Supply Chain Management & Operational Automation/Visibility Application, By Vertical, 2017–2025 (USD Million)
Table 45 Market for Other Applications, By Vertical, 2017–2025 (USD Million)
Table 46 Global Market, By Vertical, 2017–2025 (USD Million)
Table 47 Market for Healthcare Vertical, By Technology, 2017–2025 (USD Million)
Table 48 Market for Healthcare Vertical, By Region, 2017–2025 (USD Million)
Table 49 RTLS Market for Healthcare Vertical, By Application, 2017–2025 (USD Million)
Table 50 Market for Manufacturing & Automotive Vertical, By Technology, 2017–2025 (USD Million)
Table 51 Market for Manufacturing & Automotive Vertical, By Region, 2017–2025 (USD Million)
Table 52 Market for Manufacturing & Automotive Vertical, By Application, 2017–2025 (USD Million)
Table 53 Market for Retail Vertical, By Technology, 2017–2025 (USD Million)
Table 54 Market for Retail Vertical, By Region, 2017–2025 (USD Million)
Table 55 RTLS Market for Retail Vertical, By Application, 2017–2025 (USD Million)
Table 56 Market for Transportation & Logistics Vertical, By Technology, 2017–2025 (USD Million)
Table 57 Market for Transportation & Logistics Vertical, By Region, 2017–2025 (USD Million)
Table 58 Market for Transportation & Logistics Vertical, By Application, 2017–2025 (USD Million)
Table 59 Market for Government & Defense Vertical, By Technology, 2017–2025 (USD Million)
Table 60 Market for Government & Defense Vertical, By Region, 2017–2025 (USD Million)
Table 61 Market for Government & Defense Vertical, By Application, 2017–2025 (USD Million)
Table 62 RTLS Market for Education Vertical, By Technology, 2017–2025 (USD Million)
Table 63 Market for Education Vertical, By Region, 2017–2025 (USD Million)
Table 64 Market for Education Vertical, By Application, 2017–2025 (USD Million)
Table 65 Market for Oil & Gas, Mining Vertical, By Technology, 2017–2025 (USD Million)
Table 66 Market for Oil & Gas, Mining Vertical, By Region, 2017–2025 (USD Million)
Table 67 Market for Oil & Gas, Mining Vertical, By Application, 2017–2025 (USD Million)
Table 68 Market for Sports & Entertainment Vertical, By Technology, 2017–2025 (USD Million)
Table 69 RTLS Market for Sports & Entertainment Vertical, By Region, 2017–2025 (USD Million)
Table 70 Market for Sports & Entertainment Vertical, By Application, 2017–2025 (USD Million)
Table 71 Market for Other Verticals, By Technology, 2017–2025 (USD Million)
Table 72 Market for Other Verticals, By Region, 2017–2025 (USD Million)
Table 73 Market for Other Verticals, By Application, 2017–2025 (USD Million)
Table 74 Global Market, By Region, 2017–2025 (USD Million)
Table 75 Market in North America, By Technology, 2017–2025 (USD Million)
Table 76 RTLS Market in North America, By Vertical, 2017–2025 (USD Million)
Table 77 Market in North America, By Country, 2017–2025 (USD Million)
Table 78 Market in US, By Offering, 2017–2025 (USD Million)
Table 79 Market in Canada, By Offering, 2017–2025 (USD Million)
Table 80 Market in Mexico, By Offering, 2017–2025 (USD Million)
Table 81 Market in Europe, By Technology, 2017–2025 (USD Million)
Table 82 Market in Europe, By Vertical, 2017–2025 (USD Million)
Table 83 RTLS Market in Europe, By Country, 2017–2025 (USD Million)
Table 84 Market in UK, By Offering, 2017–2025 (USD Million)
Table 85 Market in Germany, By Offering, 2017–2025 (USD Million)
Table 86 Market in France, By Offering, 2017–2025 (USD Million)
Table 87 Market in Rest of Europe, By Offering, 2017–2025 (USD Million)
Table 88 Market in APAC, By Technology, 2017–2025 (USD Million)
Table 89 Market in APAC, By Vertical, 2017–2025 (USD Million)
Table 90 RTLS Market in APAC, By Country, 2017–2025 (USD Million)
Table 91 Market in China, By Offering, 2017–2025 (USD Million)
Table 92 Market in Japan, By Offering, 2017–2025 (USD Million)
Table 93 Market in Australia, By Offering, 2017–2025 (USD Million)
Table 94 Market in South Korea, By Offering, 2017–2025 (USD Million)
Table 95 Market in Rest of APAC, By Offering, 2017–2025 (USD Million)
Table 96 Market in RoW, By Technology, 2017–2025 (USD Million)
Table 97 RTLS Market in RoW, By Vertical, 2017–2025 (USD Million)
Table 98 Market in RoW, By Region, 2017–2025 (USD Million)
Table 99 Market in The Middle East, By Offering, 2017–2025 (USD Million)
Table 100 Market in Africa, By Offering, 2017–2025 (USD Million)
Table 101 RTLS Market in South America, By Offering, 2017–2025 (USD Million)
Table 102 Key Player Ranking, 2017


List of Figures (71 Figures)

Figure 1 Market Segmentation
Figure 2 Global Real-Time Location System Market: Process Flow of Market Size Estimation
Figure 3 Global Market: Research Design
Figure 4 Data Triangulation
Figure 5 Global Market, 2015–2023 (USD Billion)
Figure 6 Market, By Technology, 2015–2023 (USD Billion)
Figure 7 Market, By Offering, 2018 vs 2023 (USD Billion)
Figure 8 Global Market Share, By Application, 2015–2023
Figure 9 Market, By Vertical, 2015–2023 (USD Billion)
Figure 10 Market in APAC to Grow at Highest CAGR Between 2018 and 2023
Figure 11 Market Expected to Grow at High CAGR Between 2018 and 2023
Figure 12 Services Segment to Witness Highest Growth During Forecast Period
Figure 13 UWB Technology to Dominate Global Market, in Terms of Size, By 2023
Figure 14 Healthcare Vertical to Account for Largest Market Share During Forecast Period
Figure 15 Global Real-Time Location Systems Market, By Vertical, Opportunity Analysis
Figure 16 Inventory/Asset – Tracking & Management Application to Account for Largest Share in Global Market During Forecast Period
Figure 17 Wi-Fi Technology and North America Accounted for Largest Market Share for Healthcare Vertical in 2017
Figure 18 APAC to Witness Increasing Share in Global Market By 2023
Figure 19 Market in China to Grow at Highest CAGR Between 2018 and 2023
Figure 20 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 Market: Value Chain Analysis
Figure 22 Price Comparison of RTLS Tags Based on Different Technologies
Figure 23 Comparison of Cost, Accuracy Level, and Operating Range of RTLS Tags Based on Different Technologies
Figure 24 Focus of Companies in Global Market, By Technology, 2017
Figure 25 Focus of Companies in Global Market, By Offering, 2017
Figure 26 Focus of Companies in Global Market, By Vertical, 2017
Figure 27 Focus of Companies in Global Market, By Use Case/ Application, 2017
Figure 28 Real-Time Location System Market, By Offering
Figure 29 Services Segment to Exhibit Highest CAGR in Global Market During 2018–2023
Figure 30 Tags/Badges to Account for Largest Share of RTLS Market for Hardware Between 2018 and 2023
Figure 31 Market for Tags/Badges, By Technology, 2015–2023 (Million Units)
Figure 32 Market for Software, By Technology, 2018 vs 2023 (USD Million)
Figure 33 Consulting Services to Exhibit Highest CAGR in Market for Services During Forecast Period
Figure 34 Real-Time Location Systems Market, By Technology
Figure 35 UWB Technology to Account for Largest Size of Market, By 2023
Figure 36 Market for RFID Technology, By Offering, 2018 vs 2023 (USD Million)
Figure 37 Services to Exhibit Highest CAGR in Market for Wi-Fi Technology During 2018–2023
Figure 38 Hardware Segment to Hold Largest Size of Market for UWB Technology-Based RTLS Solutions By 2023
Figure 39 Software Segment to Witness Highest CAGR in Market for BLE-Based RTLS Solutions During 2018–2023
Figure 40 Hardware Segment to Hold Largest Size of Market for IR-Based RTLS Solutions By 2023
Figure 41 Services to Exhibit Highest CAGR in Market for Ultrasonic RTLS Solutions During 2018–2023
Figure 42 Services Segment to Witness Highest CAGR in Market for GPS-Based RTLS Solutions During Forecast Period
Figure 43 Software to Hold Largest Size of Market for Other Technologies By 2023
Figure 44 Real-Time Location System Market Segmentation, By Application
Figure 45 Inventory/Asset – Tracking & Management Application to Account for Largest Size of Global Market By 2023
Figure 46 Real-Time Location Systems Market, By Vertical
Figure 47 Healthcare Vertical to Dominate Market, in Terms of Size, During Forecast Period Between 2018 and 2023
Figure 48 APAC to Witness Highest CAGR in Market for Healthcare During Forecast Period
Figure 49 APAC to Exhibit Highest CAGR in Market for Manufacturing & Automotive Vertical During 2018–2023
Figure 50 North America to Hold Largest Size of Market for Retail Vertical By 2023
Figure 51 APAC to Exhibit Highest CAGR in RTLS Market for Transportation & Logistics Vertical During Forecast Period
Figure 52 North America to Dominate Market, in Terms of Size, for Government and Defense Vertical By 2023
Figure 53 North America to Dominate Market, in Terms of Size, for Education Vertical By 2023
Figure 54 RoW Region to Witness Highest Growth in Market for Oil & Gas, Mining Vertical During Forecast Period
Figure 55 North America to Hold Largest Size of Market for Sports & Entertainment Vertical By 2023
Figure 56 Geographic Snapshot of Market: Rapidly Growing Markets Emerging as New Hotspots
Figure 57 Real-Time Location System Market in APAC to Register Highest CAGR for Majority of Verticals During Forecast Period
Figure 58 North America to Hold Largest Market Size By 2023 and APAC to Witness Highest CAGR in Market During Forecast Period
Figure 59 North America: Market Snapshot
Figure 60 Europe: Market Snapshot
Figure 61 Germany to Witness Highest CAGR in European Market During 2018–2023
Figure 62 Asia Pacific: Market Snapshot
Figure 63 China to Exhibit Highest CAGR in Market in APAC During 2018–2023
Figure 64 Market in RoW, By Region, 2018 vs 2023 (USD Million)
Figure 65 Key Developments By Leading Players in Global Market Between 2015 and 2018
Figure 66 Strategies Adopted in Global Market, 2015, 2016, and 2017–18
Figure 67 New Product Launches & Developments, and Partnerships Emerged as Key Strategies Adopted By Players in Global Market Between 2015 and 2018
Figure 68 Stanley Black & Decker: Company Snapshot 2017
Figure 69 Zebra Technologies: Company Snapshot 2017
Figure 70 Impinj: Company Snapshot 2017
Figure 71 Ubisense Group: Company Snapshot 2017

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

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. These secondary sources include communication technologies journals and magazines, IEEE journals; annual reports, press releases, and investor presentations of companies; white papers; certified publications and articles from recognized authors; and directories and databases such as Factiva, Hoovers, and OneSource.

Primary Research

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the RTLS market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information as well as verify and validate the critical numbers arrived at.

Real Time Location Systems Market

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

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the RTLS market and other dependent submarkets listed in this report.

  • Key players in the industry and markets have been identified through extensive secondary research.
  • In terms of value, the industry’s supply chain and market size 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 global market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed wherever applicable. The data has been triangulated by studying various factors and trends identified from both demand and supply sides in healthcare, automotive, retail, transportation & logistics, manufacturing, oil & gas, and education verticals among others.

Report Objectives

The following are the primary objectives of the study.

  • To define, describe, and forecast the real-time location system (RTLS) market, in terms of value, segmented on the basis of offering, technology, vertical, application, and geography
  • To analyze and forecast the market, in terms of volume, segmented on the basis of offerings (hardware)
  • To provide the market size estimation for North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), along with their respective countries, in terms of value
  • To identify and analyze the major factors influencing the growth of the global RTLS market (drivers, restraints, opportunities, and challenges)
  • To analyses the global RTLS value chain
  • To strategically analyze the subsegments with regard to individual growth trends, prospects, and contribution to the global Real-Time Location Systems Market
  • To analyze key trends related to components, connectivity technologies, and applications that shape and influence the global RTLS market
  • To analyze strategic developments such as acquisitions, partnerships, collaborations, product developments, and key contracts in the global market
  • To strategically profile the key players and comprehensively analyze their market position in terms of their market ranking and core competencies

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to a 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 5)
Report Code
SE 3323
Published ON
Dec, 2019
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