Real-Time Location System Market Introduction
Real-time location system belongs to a family of location-based service (LBS) technology. It is a positioning system that pinpoints the location of person or objects. Continuous technological advancement has made it possible to widespread use cases for such systems to go beyond search, asset tracking and find map features. An emerging class of enhanced and cost-effective real-time location systems is being used in various end-user verticals to automate workflow, improve staff safety, drive caregiver productivity, meet regulatory documentation requirements, prevent loss and ensure safety.
Drivers & Restraints
Continuous advancement in connectivity technology and enhanced features such as improved quality of care and real-time product tracking offered by RTLS systems are accelerating their adoption among end users. In addition, supportive government initiatives and policies along with reducing price of RTLS components are projected to boost the market growth during the forecast period. However, lack of connectivity infrastructure, awareness and skilled workforce especially in emerging markets such as India, China, and Brazil are anticipated to hinder the market growth.
The global real-time location system market is been segmented into technology, end-user vertical and region.
- Radio-Frequency Identification (RFID)
- ZigBee & Ultra-Wide Band (UWB)
- others (GPS, Combined Technology and Bluetooth)
b) End-user Vertical
- Manufacturing & Process Industries
- Hospitality & Retail
- Government & Defense
- Transportation & Logistics
- Others (Warehousing, Academics, Yards and Docks)
Real-Time Location System Market Competitive Landscape
Major players operating in the real-time location system market are focused towards introducing advanced and cost-effective real-time location system to strengthen their existing product portfolio. Key players operating in the real-time location system market include Axess International Inc., AeroScout Inc., Zebra Technologies Corporations, Skytron LLC, Sonitor Technologies AS, Versus Technology Inc., TeleTracking Technologies Inc., Awarepoint Corporation, PINC Solutions Corporation, DecaWave Limited, Motorola Solutions Inc., Ubisense Group plc, Ekahau Inc., and Precyse Inc.
The research study would provide an in-depth assessment of the real-time location system market and include reliable analysis, insights, facts and industry-validated market estimation and projections, supplemented by appropriate assumptions, methodologies, and approaches. Insights and analysis on various market segments such as by technology, end-user vertical, and region included in this research report scope.
Major Regions/Countries include:
- North America
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on real-time location system market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.