Real-Time Location Systems Market

Stanley Black & Decker (US) and Zebra Technologies (US) are among the major players in the Real-Time Location Systems Market

Real-time location systems (RTLS) are also known as local positioning and tracking systems primarily used to automatically identify and locate the exact position of objects/people/targets in real time for diverse environments and industries. The RTLS market is expected to grow from USD 3.4 billion in 2020 to USD 10.3 billion by 2025; it is expected to grow at a CAGR of 24.8% during the forecast period. Healthcare, manufacturing & automotive, retail, and transportation & logistics are the key verticals, which dominate the RTLS market and also contribute significantly to its growth.

Major players in the RTLS market have primarily adopted product launch strategy to strengthen their position in the market.

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  • In February 2020, Impinj (US) introduced the Impinj R700 reader, designed for enterprise-grade RAIN deployments. The Impinj R700 reader delivers industry-leading performance with the best receive sensitivity, fastest network connectivity, and powerful edge processing for next-generation IoT solutions.
  • In June 2019, Zebra Technologies (US) introduced Zebra Data Services, a cloud-based capability that provides a complete business picture to help transform operations. This new capability was launched as a part of its breakthrough data intelligence platform, Zebra Savanna, which allows adopters to collect and process data from Zebra hardware in real time, turning raw data into actionable insights. The platform was designed to help unlock the potential of data to build more intelligent, productive applications and solutions.

Stanley Black & Decker (US) and Zebra Technologies (US) are among the major players in the RTLS market. Stanley Black & Decker is a prominent company in the RTLS market with a strong and well-known RTLS product portfolio. In Feb 2020, STANLEY Healthcare was named the KLAS Category Leader for Real-Time Location Systems (RTLS) in the 2020 Best in KLAS: Software and Services report. With this, the company’s MobileView platform for its AeroScout solutions won the leading position 6 times over the 9-year history of the RTLS category. STANLEY Healthcare also has a wide customer base comprising of over 15,000 healthcare organizations. Partnership and product launch are the 2 key strategies adopted by the company to grow in the RTLS market. The company is financially strong owing to the support from its parent company—one of the top RTLS solution providers in the healthcare industry.

Zebra Technologies is another well-known player in the RTLS market. The company has a diversified product portfolio specific to the manufacturing, transportation and logistics, and sports industries. The company offers customized RTLS solutions, which enables strong customer satisfaction. The RTLS solutions offered by the company help to gain real-time visibility that allows enterprises to manage their assets and employees efficiently, and achieve enhanced productivity and operational efficiency. The company has been mainly focusing on product development as a method to grow in the RTLS market. Besides product launch, it has also adopted inorganic approaches, such as partnerships and acquisitions, to grow in the RTLS market. The company has received considerable recognition for its work in the RTLS market. Furthermore, wide geographic presence provides a competitive advantage to the company.

Related Reports:

Real-Time Location Systems Market (RTLS) with COVID-19 Impact Analysis by Offering (Hardware, Software, Services), Technology, Vertical (Healthcare, Manufacturing, Retail, Education, Govt., Sports), Application/Use case, Geography- Global Forecast to 2025

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Report Code
SE 3323
RI Published ON
9/16/2020
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