Real time location system rtls

Global Real-time Location System (RTLS) Market Size, by Component (Hardware, Software, Service), Technology (Ultra-Wideband, Wi-Fi, RFID, ZigBee, Infrared), End-use Industry & Region - Key Manufacturers, Analysis, Growth Trends, and Forecast till 2026

Category: Telecom and IT     ID: IRP1794     Date: Sep, 2020
Real-time location system (RTLS) solutions effectively detect and keep a track of the geographical position of objects or persons in real-time. The RTLS solutions function with the help of a tag that is attached to the subject and sends signals which are analyzed with respect to a fixed point of reference. The efficacy of this process helps find the precise location of the object or an individual. RTLS solutions incorporate various components, including sensors, location readers, battery powered tags, application software, and network infrastructure.

The growing need for asset tracking, proliferation of smartphones, and growth in the implementation of business analytics solutions, coupled with rising awareness of real-time location systems are the key factors fueling the growth of the market. However, operational challenges and high initial investments are some of the aspects to hamper the real-time location system market growth. Meanwhile, technological developments and unification of technologies by key market players to offer effective and economic RTLS solutions are likely to create lucrative opportunities for market growth over the coming years.

The global real-time location system (RTLS) market was estimated to be valued at USD XX million in 2018 and is projected to reach USD XX million/billion by 2026, at a CAGR of XX% during 2018 to 2026. Scope of global real-time location system (RTLS) market includes by component (hardware, software, service), by technology (ultra-wideband, wi-fi, rfid, zigbee, infrared, and others), by end-use industry (transportation & logistics, healthcare, retail, manufacturing & processing, and others), and by region (North America- U.S., Canada; Europe- U.K., France, Germany; Asia-Pacific- China, Japan, India; Latin America- Brazil, Mexico; Middle East & Africa- South Africa, Saudi Arabia).

The global real-time location system (rtls) market is primarily segmented by component, technology, end-use industry, and region.

In terms of component, the market is split into:
* Hardware
* Software
* Service

In terms of technology, the market is divided into:
* Ultra-Wideband
* Wi-Fi
* ZigBee
* Infrared
* Others

On the end-use industry front, the market is segmented into:
* Transportation & Logistics
* Healthcare
* Retail
* Manufacturing & Processing
* Other

The market is classified across regions and countries as follows:
* North America- U.S., Canada
* Europe- Russia, U.K., France, Germany, Italy
* Asia-Pacific- China, Japan, India, Australia
* Latin America- Brazil, Mexico
* Middle East & Africa- South Africa, Egypt, Saudi Arabia

Key Market Players:
The key players profiled in the market include:
* CenTrak
* DecaWave Limited
* Lockheed Martin Corporation
* Redpine Signals, Inc.
* Sonitor Technologies
* Stanley Black & Decker, Inc.
* TeleTracking Technologies, Inc.
* Ubisense Ltd.
* Versus Technology, Inc.
* Zebra Technologies Corp

These enterprises have been focusing on development strategies, such as expansions, new Component launches, agreements & partnerships, and acquisitions to expand their end-use industry across the globe.
Key Benefits of the Report:
* Global, regional, country, Component, end-use industry, and Technology market size and their forecast from 2015-2026
* Identification and detailed analysis and insights on key market dynamics, such as drivers, opportunities, restraints, and challenges influencing the growth of the market
* Detailed analysis an insights on industry outlook with market specific PESTLE analysis, Porter’s Five Forces analysis, and Value Chain analysis, to achieve a better understanding of the market and prepare expansion strategies
* Identification and comprehensive analysis of key market players and their market share, detailed financial positions, key Components, core competencies, and unique selling points
* Identification and analysis of Key players’ competitive developments and strategic initiatives, such as mergers, joint ventures, sales contracts, and new Component introduction in the market
* Expert interviews and their insights on current and future outlook, market shift, and factors impacting vendors’ short term and long term strategies
* Detailed insights on emerging regions, Component, end-use industry, and Technology with qualitative and quantitative inTechnologyation and facts
* Identification of the key patents filed in the field of Real-time Location System (RTLS)
* Owing to the volatility seen in the market due to the Global COVID-19 pandemic, businesses around the globe wish to know the impact on their market and how this changes the projections for 2020 and the forthcoming years. Orian Research is in talks with seasoned market analysts and key note speakers to understand the impact of COVID 19 on markets and factors that will bring in stability in the foreseeable future

Target Audience:
* Real-time Location System (RTLS) manufacturer & Technology Providers
* Traders, Importers, and Exporters
* Raw Material Suppliers and Distributors
* Research and Consulting Firms
* Government and Research Organizations
* Associations and Industry Bodies

Research Methodology:
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data mining, referring to verified data sources, such as, white Ultra-Widebands, government and regulatory published articles, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factors, recent investments, market dynamics including technical growth scenario, consumer behavior, and end use trends and dynamics, and Componention capacity were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.

The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs), which typically include:
* Manufacturers
* Suppliers
* Distributors
* Raw Material Providers
* Government Body & Associations
* Research Institutes

Project Analysis

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