Real Time Location System (RTLS) Market To Report Impressive Growth, Revenue To Surge To US$ 13,000 Million By 2026

11-Oct-2018 | Zion Market Research

With the presence of a large pool of participants, the global real time location system (RTLS) market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). AeroScout Industrial, Awarepoint Corporation, BeSpoon SAS, CenTrak, ChyronHego Corporation, Decwave, Ekahau, Identec Solutions, and Motorola Solutions Inc. are some of the key vendors of real time location system (RTLS) across the world. These players across real time location system (RTLS) market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development states the real time location system (RTLS) market study.

Citing an instance, on September 10, 2018, Sonitor Technologies Incorporation – a major provider of reliable ultrasound real time location system and indoor positioning system – declared that it will demonstrate latest innovation Forkbeard - an indoor positioning system- at Mobile World Congress Americas held from September 12 to 14 in Los Angeles.

This review is based on a report by Zion Market Research, titled Real Time Location System (RTLS)Market by Component (Hardware, Software, and Service), By Technology (Radio Frequency Identification [Active RFID and Passive RFID], Wi-Fi, Ultra-Wide Band, Ultrasound, Infrared, Bluetooth Low Energy, GPS, WhereNet, and ZigBee), By Vertical (Transportation & Logistics, Healthcare, Government, Retail, Industrial, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.”-

Global Real Time Location System (RTLS) Market

Reportedly, recently, Parkland Health & Hospital System based in Texas installed real time location system technology for monitoring movement of the people in the campus.

 As estimated in this report, the global real time location system (RTLS) market stood at US$ 1,700 million in 2017. Witnessing a tremendous rise during the period from 2018 to 2026, the revenue in this real time location system (RTLS) market is expected to reach US$ 13,000 million by the end of the forecast period. The main components available in this real time location system (RTLS) market are hardware, software, and service. Among the three, the demand for hardware is relatively higher and the trend is anticipated to remain so over the next few years, notes the real time location system (RTLS) market research report.

Need For Resource Utilization & Workflow Optimization To Steer Growth

“Massive need for resource utilization and workflow optimization in several end-user industries such as healthcare, retail, transportation & logistics, industrial, and government sectors to impel growth of real time location system (RTLS) market in the years ahead,” says the author of this study. Apart from this, advanced features and disruptive & innovative technologies of RTLS have generated lucrative demand for real time location system (RTLS) across myriad sectors. In addition, accelerating demand for staff safety along with the need for bringing improvement in logistic & supply chain operations is likely to drive the adoption of real time location system (RTLS) in various companies. This, in turn, will propel the expansion of real time location system (RTLS) market in the upcoming years.

Humungous Presence Of Numerous Hospitals To Upswing Regional Growth

Regionally, North America has been leading the worldwide real time location system (RTLS) market and is anticipated to continue on the dominant position in the years to come, states the real time location system (RTLS) market study. The presence of a large number of hospitals, transportation & logistics firms, and other end-user industries that require real time location system (RTLS) services is the main factor behind the dominance of the North America real time location system (RTLS) market. The high number of key market players being headquartered in North America is another significant factor that is supporting the growth of this regional real time location system (RTLS) market. In addition, a slew of applications in healthcare sector along with supportive government policies has generated the demand for real time location system (RTLS) services in the region.

The global real time location system (RTLS) market is segmented as follows:

By Component

  • Hardware
  • Software
  • Service

By Technology

  • Radio Frequency Identification (RFID)
    • Active RFID
    • Passive RFID
  • Wi-Fi 
  • Ultra-Wide Band (UWB)
  • Ultrasound
  • Infrared
  • Bluetooth Low Energy
  • GPS
  • WhereNet
  • ZigBee

By (Business) Verticals

  • Transportation & Logistics
  • Healthcare
  • Government
  • Retail
  • Industrial
  • Others

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed