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
The real-time location systems market (RTLS Market) was valued at USD 2.41 billion in 2017 and is expected to reach USD 8.79 billion by 2023, at a CAGR of 22.5% during the forecast period. The base year considered for the study is 2017, and the forecast period is between 2018 and 2023.
Objectives of the Study:
- To define, describe, and forecast the real-time location systems market (RTLS), 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 market (drivers, restraints, opportunities, and challenges)
- To analyze the global real-time location systems market value chain
- To strategically analyze the subsegments with regard to individual growth trends, prospects, and contribution to the global market
- To analyze key trends related to components, connectivity technologies, and applications that shape and influence the global market
- To analyze strategic developments such as acquisitions, partnerships, collaborations, product developments, and key contracts in the global real-time location systems market
- To strategically profile the key players and comprehensively analyze their market position in terms of their market ranking and core competencies1
- Core competencies of companies are defined in terms of their key developments, SWOT analysis, and key strategies adopted by them to sustain in the real-time location systems market.
To know about the assumptions considered for the study, download the pdf brochure
Selected Market Dynamics in Real-Time Location System Market
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.
Unsatisfactory results and negative feedback from RTLS end users and high cost of acquisition and maintenance
The cost of RTLS system at the time of installation can be very high; it can be between USD 2 and 5 million. This varies from industry to industry and depends on the installation area. The installation cost of Wi-Fibased RTLS is less than UWB-enabled systems; however, the hardware cost is vice versa. The maintenance of Wi-Fi and RFID-based solutions is costlier compared to systems based on other technologies such as UWB and BLE. Many RTLS companies are facing various issues in terms of deployment and technology as many projects are failing because they require lots of engineering efforts and on-site preferences. In the case of RTLS, the company cant just ship the hardware and ask the consumer to install; but they need to be present on the site at the time of installation. Generally, companies offering RTLS solutions must be internationally organized. The high price of an RTLS system is because of the price of hardware, software, infrastructure, wiring, and power. The infrastructure is expensive, and wiring, power, and installation of RTLS components in the wall and roof significantly adds to the total cost.
This real-time location systems market report provides valuable insights on the ecosystem of the global RTLS market. STANLEY Healthcare (US), Zebra Technologies (US), Aruba Networks (HP Enterprise US), Impinj (US), Savi Technology (US), TeleTracking Technologies (US), Ubisense Group (UK), AiRISTA (US), Awarepoint (US), Identec Group (Liechtenstein), and Alien Technology (US) are a few leading players in the real-time location systems market.
DecaWave (Ireland), Redpine Signals (US), Visible Assets (US), Litum Technologies (Turkey), Mojix (US), Tracktio (Spain), CenTrak (US), Leantegra (US), and OpenRTLS, while Cerner Corp. (US), GE Healthcare (US), Cisco Systems (US), Sonitor Technologies (Norway), and STATSports Technologies (UK) are some other prominent players in the RTLS market.
Key Target Audience:
- RTLS hardware providers
- RTLS software providers
- RTLS-related service providers
- RTLS-related associations, organizations, forums, and alliances
- OEM/ODMs, foundries, and semiconductor component suppliers
- RTLS distributors and sales firms
- RTLS end users
- Government bodies such as regulating authorities and policymakers
- Venture capitalists, private equity firms, and startup companies
- Research institutes, organizations, and consulting companies
- Scope of the Report:
The research report segments the global real-time location systems market into the following subsegments:
RTLS Market, by Offering
- Hardware
- Tags/Badges
- Readers/Trackers/Access Points
- Others
- Software
- Application
- Middleware
- Location Analytics Engine
- Services
- Consulting
- Support & Maintenance
- Deployment & Integration
Real-Time Location Systems Market, by Technology
- RFID
- Wi-Fi
- UWB
- BLE
- Infrared (IR)
- Ultrasound
- GPS
- Others
RTLS Market, by Application
- Inventory/Asset - Tracking & Management
- Personnel/Staff - Location & Monitoring
- Access Control/Security
- Environmental Monitoring
- Yard, Dock, Fleet, & Warehouse - Management & Monitoring
- Supply Chain Management & Operational Automation/Visibility
- Others
Real-Time Location Systems Market, by Vertical
- Healthcare
- Manufacturing & Automotive
- Retail
- Transportation & Logistics
- Government & Defense
- Education
- Oil & Gas, Mining
- Sports & Entertainment
- Others
RTLS Market, by Region
- North America
- Europe
- APAC
- RoW
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the companys specific needs. The following customization options are available for the report real-time location systems market.
- Company Information
- Detailed analysis and profiling of additional market players (up to 5)
- Company mapping based on technology, vertical, application, offering, and geography
Get more insight on other verticals of Semiconductor and Electronics Market Research Reports & Consulting
The global real-time location systems market (RTLS) is expected to grow from USD 3.19 billion in 2018 to USD 8.79 billion by 2023, at a CAGR of 22.5% between 2018 and 2023. 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 market. Concerns regarding data security and privacy; unsatisfactory results and negative feedback from RTLS end users; and the high cost of acquisition and maintenance would be the major factors restraining the real-time location systems market growth.
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.
The real-time location systems market for UWB technology-based RTLS solutions is expected to grow at the highest CAGR during the forecast period. The UWB technology can support location 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 technologies by 2023.
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 the real-time location systems market in 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 of the RTLS market for the healthcare vertical. The education vertical is expected to witness the highest CAGR in the real-time location systems market during the forecast period owing to the rising concern for the security and safety of students and faculty at educational premises.
STANLEY Healthcare (US), Zebra Technologies (US), Aruba Networks (HP Enterprise, US), IMPINJ (US), Savi Technology (US), TeleTracking Technologies (US), Ubisense Group (UK), AiRISTA (US), Awarepoint (US), Identec Group (Liechtenstein), and Alien Technology (US) are a few leading players in the real-time location systems market.
Some key innovators in the real-time location systems market are as follows: DecaWave (Ireland), Redpine Signals (US), Visible Assets (US), Litum Technologies (Turkey), Mojix (US), Tracktio (Spain), CenTrak (US), Leantegra (US), and OpenRTLS, while Cerner Corp. (US), GE Healthcare (US), Cisco Systems (US), Sonitor Technologies (Norway), and STATSports Technologies (UK) are some other prominent players in the RTLS market.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 18)
1.1 Objectives of Study
1.2 Definition
1.3 Scope of Study
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for Study
1.4 Currency
1.5 Package Size
1.6 Stakeholders
2 Research Methodology (Page No. - 22)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
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 (Page No. - 29)
4 Premium Insights (Page No. - 34)
4.1 Attractive Opportunities for Real-Time Location Systems Market Growth
4.2 Global RTLS Market, By Offering, 20152023 (USD Billion)
4.3 Comparison of Global RTLS Market Size, By Technology, 2017 vs 2023
4.4 Global Market Share, By Vertical, 2017 vs 2023
4.5 Global Market Share, By Application, 20152023
4.6 Market Share for Healthcare Vertical, By Technology and Region, 2017
4.7 Global Market Share, By Region, 2017 vs 2023
5 Market Overview (Page No. - 39)
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Emergence of Innovative Startups, Market Competitiveness, and Availability of Customized Solutions
5.1.1.2 High Return on Investment
5.1.1.3 Regulatory Compliance Across Industries Including Healthcare, Oil & Gas, Mining, Education, and Manufacturing
5.1.2 Restraints
5.1.2.1 Concerns Regarding Data Security and Privacy
5.1.2.2 Unsatisfactory Results and Negative Feedback From RTLS End Users and High Cost of Acquisition and Maintenance
5.1.3 Opportunities
5.1.3.1 Need for Resource Utilization and Workflow Optimization
5.1.3.2 Development of Hybrid RTLS Solution
5.1.3.3 Focus on Industry 4.0, IoT, and Smart Manufacturing
5.1.3.4 Emergence of New Applications/Use Cases, and Untapped/ Unexplored Industries and Applications in APAC and RoW
5.1.3.5 Emerging Opportunities in Government and Defense Sectors
5.1.4 Challenges
5.1.4.1 Designing RTLS Solutions Fulfilling All Requirements High Accuracy, High Range, and Low Power Consumption
5.1.4.2 System Incompatibility and Lack of Uniform Standards and Interoperability
5.1.4.3 Less Awareness Among End Users and Lack of Expert Workforce
6 Industry Trends (Page No. - 48)
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Electronic Equipment and Components
6.2.2 Connectivity Technologies
6.2.3 RTLS Hardware and Software
6.2.4 System Integration and Services
6.2.5 EndUser Industries
6.3 RTLS Technology Comparison
6.4 Price Comparison of RTLS Tags, By Technology, 2017
6.5 RTLS Tag Cost; Accuracy Level; and Operating Range, By Technology, 2017
6.6 Company Focus/Major Trends in Global Real-Time Location System 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 (Page No. - 55)
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 (Page No. - 68)
8.1 Introduction
8.2 RFID
8.3 Wi-Fi
8.4 UWB
8.5 BLE
8.6 Infrared (IR)
8.7 Ultrasound
8.8 GPS
8.9 Others
9 Real-Time Location Systems Market, By Application/Use Case (Page No. - 91)
9.1 Introduction
9.2 Inventory/Asset - Tracking & Management
9.3 Personnel/Staff - Location & Monitoring
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
9.8 Others
10 Global RTLS Market, By Vertical (Page No. - 103)
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 (Page No. - 127)
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 (APAC)
11.4.1 Japan
11.4.2 China
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 Africa
11.5.3 South America
12 Competitive Landscape (Page No. - 149)
12.1 Overview
12.2 Ranking Analysis of Players in Global RTLS Market
12.3 Competitive Situations and Trends
12.3.1 Product Launches & Developments, Exhibitions
12.3.2 Agreements, Partnerships, Collaborations
12.3.3 Contracts
12.3.4 Acquisitions
13 Company Profiles (Page No. - 155)
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 Identec Group
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 IoT & 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 (Page No. - 196)
14.1 Discussion Guide
14.2 Knowledge Store: Marketsandmarkets Subscription Portal
14.3 Introducing RT: Real-Time Market Intelligence
14.4 Available Customization
14.5 Related Reports
14.6 Author Details
List of Tables (76 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 Real-Time Location Systems Market, By Offering, 20152023 (USD Billion)
Table 4 Global Market, By Solution Type, 20152023 (USD Billion)
Table 5 Market for Hardware, By Technology, 20152023 (USD Million)
Table 6 Market for Hardware, By Component, 20152023 (USD Million)
Table 7 Market for Tags/Badges, By Technology, 20152023 (Million Units)
Table 8 Market for Software, By Technology, 20152023 (USD Million)
Table 9 Market for Services, By Technology, 20152023 (USD Million)
Table 10 Market for Services, By Type, 20152023 (USD Million)
Table 11 Global RTLS Market, By Technology, 20152023 (USD Million)
Table 12 Market for RFID Technology, By Offering, 20152023 (USD Million)
Table 13 Market for RFID Technology, By Vertical, 20152023 (USD Million)
Table 14 Real-Time Location System Market for RFID Technology, By Region, 20152023 (USD Million)
Table 15 Market for Wi-Fi Technology, By Offering, 20152023 (USD Million)
Table 16 Market for Wi-Fi Technology, By Vertical, 20152023 (USD Million)
Table 17 Market for Wi-Fi Technology, By Region, 20152023 (USD Million)
Table 18 Market for UWB Technology, By Offering, 20152023 (USD Million)
Table 19 Market for UWB Technology, By Vertical, 20152023 (USD Million)
Table 20 Market for UWB Technology, By Region, 20152023 (USD Million)
Table 21 Market for BLE Technology, By Offering, 20152023 (USD Million)
Table 22 Real-Time Location System Market for BLE Technology, By Vertical, 20152023 (USD Million)
Table 23 Market for BLE Technology, By Region, 20152023 (USD Million)
Table 24 Market for IR Technology, By Offering, 20152023 (USD Million)
Table 25 Market for IR Technology, By Vertical, 20152023 (USD Million)
Table 26 Market for IR Technology, By Region, 20152023 (USD Million)
Table 27 Market for Ultrasound Technology, By Offering, 20152023 (USD Million)
Table 28 Market for Ultrasound Technology, By Vertical, 20152023 (USD Million)
Table 29 Market for Ultrasound Technology, By Region, 20152023 (USD Million)
Table 30 Market for GPS Technology, By Offering, 20152023 (USD Million)
Table 31 Market for GPS Technology, By Vertical, 20152023 (USD Million)
Table 32 Market for GPS Technology, By Region, 20152023 (USD Million)
Table 33 Market for Other Technologies, By Offering, 20152023 (USD Million)
Table 34 Market for Other Technologies, By Vertical, 20152023 (USD Million)
Table 35 Market for Other Technologies, By Region, 20152023 (USD Million)
Table 36 Global RTLS Market, By Application, 20152023 (USD Million)
Table 37 Market for Inventory/Asset Tracking & Management Application, By Vertical, 20152023 (USD Million)
Table 38 Market for Personnel/Staff Location & Monitoring Application, By Vertical, 20152023 (USD Million)
Table 39 Market for Access Control/Security Application, By Vertical, 20152023 (USD Million)
Table 40 Market for Environmental Monitoring Application, By Vertical, 20152023 (USD Million)
Table 41 Real-Time Location System Market for Yard, Dock, Fleet, & Warehouse Management & Monitoring Application, By Vertical, 20152023 (USD Million)
Table 42 Market for Supply Chain Management & Operational Automation/Visibility Application, By Vertical, 20152023 (USD Million)
Table 43 Market for Other Applications, By Vertical, 20152023 (USD Million)
Table 44 Global RTLS Market, By Vertical, 20152023 (USD Million)
Table 45 Market for Healthcare Vertical, By Technology, 20152023 (USD Million)
Table 46 Market for Healthcare, By Region, 20152023 (USD Million)
Table 47 Market for Manufacturing & Automotive Vertical, By Technology, 20152023 (USD Million)
Table 48 Market for Manufacturing & Automotive Vertical, By Region, 20152023 (USD Million)
Table 49 Market for Retail Vertical, By Technology, 20152023 (USD Million)
Table 50 Market for Retail, By Region, 20152023 (USD Million)
Table 51 Market for Transportation & Logistics Vertical, By Technology, 20152023 (USD Million)
Table 52 Market for Transportation & Logistics Vertical, By Region, 20152023 (USD Million)
Table 53 RTLS Market for Government & Defense Vertical, By Technology, 20152023 (USD Million)
Table 54 Market for Government & Defense Vertical, By Region, 20152023 (USD Million)
Table 55 Market for Education Vertical, By Technology, 20152023 (USD Million)
Table 56 Market for Education Vertical, By Region, 20152023 (USD Million)
Table 57 Market for Oil & Gas, Mining Vertical, By Technology, 20152023 (USD Million)
Table 58 Market for Oil & Gas, Mining Vertical, By Region, 20152023 (USD Million)
Table 59 Market for Sports & Entertainment Vertical, By Technology, 20152023 (USD Million)
Table 60 Market for Sports & Entertainment Vertical, By Region, 20152023 (USD Million)
Table 61 Market for Other Verticals, By Technology, 20152023 (USD Million)
Table 62 Market for Other Verticals, By Region, 20152023 (USD Million)
Table 63 Global RTLS Market, By Region, 20152023 (USD Million)
Table 64 Market in North America, By Technology, 20152023 (USD Million)
Table 65 Market in North America, By Vertical, 20152023 (USD Million)
Table 66 Market in North America, By Country, 20152023 (USD Million)
Table 67 Market in Europe, By Technology, 20152023 (USD Million)
Table 68 Market in Europe, By Vertical, 20152023 (USD Million)
Table 69 Market in Europe, By Country, 20152023 (USD Million)
Table 70 Market in APAC, By Technology, 20152023 (USD Million)
Table 71 Market in APAC, By Vertical, 20152023 (USD Million)
Table 72 Market in APAC, By Country, 20152023 (USD Million)
Table 73 Market in RoW, By Technology, 20152023 (USD Million)
Table 74 Market in RoW, By Vertical, 20152023 (USD Million)
Table 75 Real-Time Location System Market in RoW, By Region, 20152023 (USD Million)
Table 76 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, 20152023 (USD Billion)
Figure 6 Market, By Technology, 20152023 (USD Billion)
Figure 7 Market, By Offering, 2018 vs 2023 (USD Billion)
Figure 8 Global Market Share, By Application, 20152023
Figure 9 Market, By Vertical, 20152023 (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 RTLS 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 20182023
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, 20152023 (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 RTLS 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 20182023
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 20182023
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 20182023
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 20182023
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 20182023
Figure 62 Asia Pacific: Market Snapshot
Figure 63 China to Exhibit Highest CAGR in Market in APAC During 20182023
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 201718
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
Research Methodology:
This research study incorporates the use of secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for the extensive technical, market-oriented, and commercial study of the global real-time location systems market. Primary sources mainly comprise several experts from the core and related industries, along with preferred suppliers, manufacturers, distributors, service providers, technology developers, alliances, standards, and certification organizations related to various parts of this industrys value chain. In-depth interviews of various primary respondents, including key industry participants, subject matter experts (SMEs), C-level executives of key companies, and consultants, have been conducted to obtain and verify critical qualitative and quantitative information as well as assess future prospects. The following illustrative figure depicts the research methodology applied in making this report on the global RTLS market. The breakdown of the profiles of primaries has been depicted in the following figure:
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Growth opportunities and latent adjacency in Real-Time Location Systems Market