The global real-time location systems market size is expected to grow from USD 5.2 billion in 2023 to USD 16.2 billion by 2028, at a CAGR of 25.5% from 2023 to 2028. The rise in competitiveness in the RTLS market due to demand from various industries has led to the availability of cost-effective RTLS solutions. The need for cost optimization and operational efficiency in the different process and discrete industries is fuelling the growth of RTLS solutions in the market.
As of 2022, Securitas AB (Sweden), Zebra Technologies Corporation (US), Aruba Networks (US), Impinj, Inc. (US), and Savi Technology (US) are among the top players in the global real-time location systems market. Additionally, TeleTracking Technologies, Inc. (US), CenTrak, Inc. (US), GE HealthCare Technologies Inc. (US), Ubisense Ltd. (UK), Alien Technology, LLC (US), AiRISTA Flow, Inc. (US), Sonitor Technologies (US), and Midmark Corporation (US) are some of the other notable players in this market.
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Securitas AB has been a pioneer in offering security and guarding services internationally. The company operates in two key segments: Guarding services and Security solutions and electronic security. The company provides security location services through Security solutions and electronic safety. The company has several brands associated with it for different offerings. The company provides RTLS solutions through the Stanley Security brand. The company also offers RTLS for healthcare applications through the Stanley Healthcare brand. STANLEY Security provides various solutions, including RTLS, Access control, Security monitoring, Video Surveillance, and others. The company caters to multiple industries, including biotech & pharma, manufacturing, retail, education, commercial offices, data centers, government, healthcare, correctional facilities, etc. STANLEY Healthcare offers real-time location monitoring systems for asset management, temperature & environmental monitoring to identify the patient flow and staff workflow.
Zebra Technologies Corporation
Zebra Technologies Corporation operates through two business segments: Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The Asset Intelligence & Tracking business segment provides barcode scanners and imagers, printers, location solutions, printing supplies, and related services. The company caters to its customers in the RTLS market through Asset Intelligence & Tracking business segment. Zebra Technologies primarily serves the healthcare, retail, manufacturing, hospitality, transportation, and logistics industries. The company’s RTLS solutions have active and passive RFID tags, beacons, and other tracking devices to locate, track, manage, and optimize high-value assets, equipment, and people. Zebra Technologies also offers an extensive portfolio of marking, tracking, and printing technologies, including barcodes, RFIDs, and sensors.
Aruba Networks serves various industries, such as financial services, government & military, healthcare, higher education, hospitality, and retail. Through its network as a service (NaaS), the company helps other organizations quickly deploy network services. It provides professional services and products used for health checks, optimizing design and deployment, managing networks, and increasing IT efficiencies and productivity. The company employs BLE and Wi-Fi technologies for its RTLS solutions to provide location-based services. It also offers cloud-based management of RTLS hardware, such as beacons and tags, which can be integrated with any existing Wi-Fi network in an enterprise or a locality. The company also helps deploy Wi-Fi networks for end users such as hospitals, research organizations, stadiums, military facilities, hotels, and universities. The company offers BLE-based tags, beacons, and sensors, which can be managed through mobile apps.
Real-time Location Systems Market by Hardware (Tags/Badges, Readers/Trackers), Technology (RFID, Wi-Fi, UWB, BLE, Infrared, Ultrasound, GPS, Zigbee), Application (Inventory/Asset Tracking, Personnel Monitoring), Vertical, Region - Global Forecast to 2028
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