Real-Time Locating Systems (RTLS) Market 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 system (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 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 analyze the global RTLS value chain
• To strategically analyze the subsegments with regard to individual growth trends, prospects, and contribution to the global RTLS 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 RTLS 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 market.

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 RTLS 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 industry’s 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:

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

This 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 RTLS 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 RTLS 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

RTLS Market, by Technology

• RFID
• Wi-Fi
• UWB
• BLE
• Infrared (IR)
• Ultrasound
• GPS
• Others

RTLS Market, by Application

• Inventory/Asset - Tracking & Management
• Personnel/Staff - Locating & Monitoring
• Access Control/Security
• Environmental Monitoring
• Yard, Dock, Fleet, & Warehouse  - Management & Monitoring
• Supply Chain Management & Operational Automation/Visibility
• Others

RTLS 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 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)
  • Company mapping based on technology, vertical, application, offering, and geography

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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 RTLS Market Growth
    4.2 Global RTLS Market, By Offering, 2015–2023 (USD Billion)
    4.3 Comparison of Global RTLS Market Size, By Technology, 2017 vs 2023
    4.4 Global RTLS Market Share, By Vertical, 2017 vs 2023
    4.5 Global RTLS Market Share, By Application, 2015–2023
    4.6 Market Share for Healthcare Vertical, By Technology and Region, 2017
    4.7 Global RTLS 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 End–User 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 RTLS 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 RTLS Market, By Application/Use Case (Page No. - 91)
    9.1 Introduction
    9.2 Inventory/Asset - Tracking & Management
    9.3 Personnel/Staff - Locating & 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. - 128)
     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. - 150)
     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. - 156)
     13.1 Introduction
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
     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 Awarepoint
             13.2.10 Identec Group
             13.2.11 Alien Technology
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View, Might Not Be Captured in Case of Unlisted Companies.
     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 Mojix
             13.3.9 Tracktio
     13.4 Other Important Players
             13.4.1 Cerner Corp.
             13.4.2 Ge Healthcare
             13.4.3 Cisco
             13.4.4 Sonitor Technologies
             13.4.5 Statsports

14 Appendix (Page No. - 198)
     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 Global RTLS Market, By Offering, 2015–2023 (USD Billion)
Table 4 Global RTLS Market, By Solution Type, 2015–2023 (USD Billion)
Table 5 RTLS Market for Hardware, By Technology, 2015–2023 (USD Million)
Table 6 RTLS Market for Hardware, By Component, 2015–2023 (USD Million)
Table 7 RTLS Market for Tags/Badges, By Technology, 2015–2023 (Million Units)
Table 8 RTLS Market for Software, By Technology, 2015–2023 (USD Million)
Table 9 RTLS Market for Services, By Technology, 2015–2023 (USD Million)
Table 10 RTLS Market for Services, By Type, 2015–2023 (USD Million)
Table 11 Global RTLS Market, By Technology, 2015–2023 (USD Million)
Table 12 RTLS Market for RFID Technology, By Offering, 2015–2023 (USD Million)
Table 13 RTLS Market for RFID Technology, By Vertical, 2015–2023 (USD Million)
Table 14 RTLS Market for RFID Technology, By Region, 2015–2023 (USD Million)
Table 15 RTLS Market for Wi-Fi Technology, By Offering, 2015–2023 (USD Million)
Table 16 RTLS Market for Wi-Fi Technology, By Vertical, 2015–2023 (USD Million)
Table 17 RTLS Market for Wi-Fi Technology, By Region, 2015–2023 (USD Million)
Table 18 RTLS Market for UWB Technology, By Offering, 2015–2023 (USD Million)
Table 19 RTLS Market for UWB Technology, By Vertical, 2015–2023 (USD Million)
Table 20 RTLS Market for UWB Technology, By Region, 2015–2023 (USD Million)
Table 21 RTLS Market for BLE Technology, By Offering, 2015–2023 (USD Million)
Table 22 RTLS Market for BLE Technology, By Vertical, 2015–2023 (USD Million)
Table 23 RTLS Market for BLE Technology, By Region, 2015–2023 (USD Million)
Table 24 RTLS Market for IR Technology, By Offering, 2015–2023 (USD Million)
Table 25 RTLS Market for IR Technology, By Vertical, 2015–2023 (USD Million)
Table 26 RTLS Market for IR Technology, By Region, 2015–2023 (USD Million)
Table 27 RTLS Market for Ultrasound Technology, By Offering, 2015–2023 (USD Million)
Table 28 RTLS Market for Ultrasound Technology, By Vertical, 2015–2023 (USD Million)
Table 29 RTLS Market for Ultrasound Technology, By Region, 2015–2023 (USD Million)
Table 30 RTLS Market for GPS Technology, By Offering, 2015–2023 (USD Million)
Table 31 RTLS Market for GPS Technology, By Vertical, 2015–2023 (USD Million)
Table 32 RTLS Market for GPS Technology, By Region, 2015–2023 (USD Million)
Table 33 RTLS Market for Other Technologies, By Offering, 2015–2023 (USD Million)
Table 34 RTLS Market for Other Technologies, By Vertical, 2015–2023 (USD Million)
Table 35 RTLS Market for Other Technologies, By Region, 2015–2023 (USD Million)
Table 36 Global RTLS Market, By Application, 2015–2023 (USD Million)
Table 37 RTLS Market for Inventory/Asset – Tracking & Management Application, By Vertical, 2015–2023 (USD Million)
Table 38 RTLS Market for Personnel/Staff – Locating & Monitoring Application, By Vertical, 2015–2023 (USD Million)
Table 39 RTLS Market for Access Control/Security Application, By Vertical, 2015–2023 (USD Million)
Table 40 RTLS Market for Environmental Monitoring Application, By Vertical, 2015–2023 (USD Million)
Table 41 RTLS Market for Yard, Dock, Fleet, & Warehouse – Management & Monitoring Application, By Vertical, 2015–2023 (USD Million)
Table 42 RTLS Market for Supply Chain Management & Operational Automation/Visibility Application, By Vertical, 2015–2023 (USD Million)
Table 43 RTLS Market for Other Applications, By Vertical, 2015–2023 (USD Million)
Table 44 Global RTLS Market, By Vertical, 2015–2023 (USD Million)
Table 45 RTLS Market for Healthcare Vertical, By Technology, 2015–2023 (USD Million)
Table 46 RTLS Market for Healthcare, By Region, 2015–2023 (USD Million)
Table 47 RTLS Market for Manufacturing & Automotive Vertical, By Technology, 2015–2023 (USD Million)
Table 48 RTLS Market for Manufacturing & Automotive Vertical, By Region, 2015–2023 (USD Million)
Table 49 RTLS Market for Retail Vertical, By Technology, 2015–2023 (USD Million)
Table 50 RTLS Market for Retail, By Region, 2015–2023 (USD Million)
Table 51 RTLS Market for Transportation & Logistics Vertical, By Technology, 2015–2023 (USD Million)
Table 52 RTLS Market for Transportation & Logistics Vertical, By Region, 2015–2023 (USD Million)
Table 53 RTLS Market for Government & Defense Vertical, By Technology, 2015–2023 (USD Million)
Table 54 RTLS Market for Government & Defense Vertical, By Region, 2015–2023 (USD Million)
Table 55 RTLS Market for Education Vertical, By Technology, 2015–2023 (USD Million)
Table 56 RTLS Market for Education Vertical, By Region, 2015–2023 (USD Million)
Table 57 RTLS Market for Oil & Gas, Mining Vertical, By Technology, 2015–2023 (USD Million)
Table 58 RTLS Market for Oil & Gas, Mining Vertical, By Region, 2015–2023 (USD Million)
Table 59 RTLS Market for Sports & Entertainment Vertical, By Technology, 2015–2023 (USD Million)
Table 60 RTLS Market for Sports & Entertainment Vertical, By Region, 2015–2023 (USD Million)
Table 61 RTLS Market for Other Verticals, By Technology, 2015–2023 (USD Million)
Table 62 RTLS Market for Other Verticals, By Region, 2015–2023 (USD Million)
Table 63 Global RTLS Market, By Region, 2015–2023 (USD Million)
Table 64 RTLS Market in North America, By Technology, 2015–2023 (USD Million)
Table 65 RTLS Market in North America, By Vertical, 2015–2023 (USD Million)
Table 66 RTLS Market in North America, By Country, 2015–2023 (USD Million)
Table 67 RTLS Market in Europe, By Technology, 2015–2023 (USD Million)
Table 68 RTLS Market in Europe, By Vertical, 2015–2023 (USD Million)
Table 69 RTLS Market in Europe, By Country, 2015–2023 (USD Million)
Table 70 RTLS Market in APAC, By Technology, 2015–2023 (USD Million)
Table 71 RTLS Market in APAC, By Vertical, 2015–2023 (USD Million)
Table 72 RTLS Market in APAC, By Country, 2015–2023 (USD Million)
Table 73 RTLS Market in RoW, By Technology, 2015–2023 (USD Million)
Table 74 RTLS Market in RoW, By Vertical, 2015–2023 (USD Million)
Table 75 RTLS Market in RoW, By Region, 2015–2023 (USD Million)
Table 76 Key Player Ranking, 2017

List of Figures (71 Figures)

Figure 1 Market Segmentation
Figure 2 Global RTLS Market: Process Flow of Market Size Estimation
Figure 3 Global RTLS Market: Research Design
Figure 4 Data Triangulation
Figure 5 Global RTLS Market, 2015–2023 (USD Billion)
Figure 6 RTLS Market, By Technology, 2015–2023 (USD Billion)
Figure 7 RTLS Market, By Offering, 2018 vs 2023 (USD Billion)
Figure 8 Global RTLS Market Share , By Application, 2015–2023
Figure 9 RTLS Market, By Vertical, 2015–2023 (USD Billion)
Figure 10 RTLS Market in APAC to Grow at Highest CAGR Between 2018 and 2023
Figure 11 RTLS 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 RTLS 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 RTLS 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 RTLS Market By 2023
Figure 19 RTLS Market in China to Grow at Highest CAGR Between 2018 and 2023
Figure 20 RTLS Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 RTLS 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 RTLS Market, By Technology, 2017
Figure 25 Focus of Companies in Global RTLS Market, By Offering, 2017
Figure 26 Focus of Companies in Global RTLS Market, By Vertical, 2017
Figure 27 Focus of Companies in Global RTLS Market, By Use Case/ Application, 2017
Figure 28 RTLS Market, By Offering
Figure 29 Services Segment to Exhibit Highest CAGR in Global RTLS Market During 2018–2023
Figure 30 Tags/Badges to Account for Largest Share of RTLS Market for Hardware Between 2018 and 2023
Figure 31 RTLS Market for Tags/Badges, By Technology, 2015–2023 (Million Units)
Figure 32 RTLS Market for Software, By Technology, 2018 vs 2023 (USD Million)
Figure 33 Consulting Services to Exhibit Highest CAGR in RTLS Market for Services During Forecast Period
Figure 34 RTLS Market, By Technology
Figure 35 UWB Technology to Account for Largest Size of RTLS 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 RTLS 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 RTLS Market for Other Technologies By 2023
Figure 44 RTLS Market Segmentation, By Application
Figure 45 Inventory/Asset – Tracking & Management Application to Account for Largest Size of Global RTLS Market By 2023
Figure 46 RTLS Market, By Vertical
Figure 47 Healthcare Vertical to Dominate RTLS Market, in Terms of Size, During Forecast Period Between 2018 and 2023
Figure 48 APAC to Witness Highest CAGR in RTLS Market for Healthcare During Forecast Period
Figure 49 APAC to Exhibit Highest CAGR in RTLS Market for Manufacturing & Automotive Vertical During 2018–2023
Figure 50 North America to Hold Largest Size of RTLS 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 RTLS Market, in Terms of Size, for Government and Defense Vertical By 2023
Figure 53 North America to Dominate RTLS Market, in Terms of Size, for Education Vertical By 2023
Figure 54 RoW Region to Witness Highest Growth in RTLS Market for Oil & Gas, Mining Vertical During Forecast Period
Figure 55 North America to Hold Largest Size of RTLS Market for Sports & Entertainment Vertical By 2023
Figure 56 Geographic Snapshot of RTLS Market: Rapidly Growing Markets Emerging as New Hotspots
Figure 57 RTLS 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 RTLS Market During Forecast Period
Figure 59 North America: RTLS Market Snapshot
Figure 60 Europe: RTLS Market Snapshot
Figure 61 Germany to Witness Highest CAGR in European RTLS Market During 2018–2023
Figure 62 Asia Pacific: RTLS Market Snapshot
Figure 63 China to Exhibit Highest CAGR in RTLS Market in APAC During 2018–2023
Figure 64 RTLS Market in RoW, By Region, 2018 vs 2023 (USD Million)
Figure 65 Key Developments By Leading Players in Global RTLS Market Between 2015 and 2018
Figure 66 Strategies Adopted in Global RTLS Market, 2015, 2016, and 2017–18
Figure 67 New Product Launches & Developments, and Partnerships Emerged as Key Strategies Adopted By Players in Global RTLS 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 global real-time location system (RTLS) market 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 RTLS 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 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 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 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 RTLS 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 RTLS 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 RTLS market.

Some key innovators in the RTLS 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.

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