Real-Time Locating System (RTLS) Market Size, Share Report, Analysis, Trends, Growth 2032

Real-Time Locating System (RTLS) Market

Real-Time Locating System (RTLS) Market By Component (Hardware and Software), By Locating Architecture (Wi-Fi, Ultra-Wideband (UWB), RFID, Bluetooth (BLE), ZigBee, Ultrasound, and Others), By Application (Supply Chain Management, Staff Locating & Monitoring, Asset Tracking & Management, Visualization & Mapping, Workflow & Process Automation, and Others), and By End-User (Manufacturing, Transportation & Logistics, Healthcare, Retail, Defense, Sports & Entertainment, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032

Category: Technology & Media Report Format : PDF Pages: 202 Report Code: ZMR-2796 Published Date: May-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 7.16 Billion USD 95.74 Billion 33.4% 2023

 

Real-Time Locating System (RTLS) Market

Real-Time Locating System (RTLS) Market: Industry Prospective

The global Real-Time Locating System (RTLS) market size accrued earnings worth approximately USD 7.16 Billion in 2023 and is predicted to gain revenue of about USD 95.74 Billion by 2032, is set to record a CAGR of nearly 33.4% over the period from 2024 to 2032.

Real-Time Locating System (RTLS) Market Overview

Real-time locating system (RTLS) can be described as GPS on components, but used indoors for locating, monitoring, and tracking the activity of various things and people. With this system, the data is received from location transmitters that are attached to walls and transmitted by using Wi-Fi via active asset tags attached with equipment. The received data is then used in several ways, such as through cloud-based API (application program interface), integrated CRM software, mobile apps, etc.

Real-Time Locating System (RTLS) Market Growth Dynamics

High return on investment (ROI) is one of the prominent factors driving the growth of the global real-time locating system (RTLS) market. Unlike other technologies, the real-time location system is better for financial and operational returns and helps in better positioning of organizations to thrive by reducing compensation. Increasing adoption of the real-time locating system in healthcare organizations is further expected to drive the real-time locating system (RTLS) market globally. The real-time locating system provides insight into improving patient, clinician, and asset flow. These systems also optimize the patient-clinician interaction, improve safety, and reduce care delays. Furthermore, the wide adoption of big data analytics associated with navigation and maps by enterprises is likely to fuel the growth of the real-time locating system (RTLS) market. However, data security and privacy are major factors that might restrain the real-time locating system (RTLS) market.

Global Real Time Locating System (RTLS) MarketRequest Free Sample

In order to give the users of this report a comprehensive view on the real-time locating system (RTLS)market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the real-time locating system market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. 

Real-Time Locating System (RTLS) Market: Report Scope

Report Attributes Report Details
Report Name Real-Time Locating System (RTLS) Market
Market Size in 2023 USD 7.16 Billion
Market Forecast in 2032 USD 95.74 Billion
Growth Rate CAGR of 33.4%
Number of Pages 202
Key Companies Covered Stanley Healthcare, Zebra Technologies, Aruba Networks (HP Enterprise), Impinj, SaviTechnology, Teletracking Technologies, Ubisense Group, Arista, Awarepoint, Identec Group, and Alien Locating Architecture, among others.
Segments Covered By Component, By Locating Architecture, By Application, By End-User, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Real-Time Locating System (RTLS) Market Segmentation Analysis

Real-time locating system (RTLS) market is segmented based on component, locating architecture, application, and end-user.

By component, the real-time locating system (RTLS) market is divided into hardware and software.

By locating architecture, the real-time locating system (RTLS) market is divided into Wi-Fi, RFID, ultra-wideband (UWB), Bluetooth (BLE), ultrasound, ZigBee, and others.

By application, the real-time locating system (RTLS) market is segmented into supply chain management, staff locating and monitoring, asset tracking and management, visualization and mapping, workflow and process automation, and others. The asset tracking and management segment hold the largest share in the real-time locating system (RTLS) market. Asset tracking and management allows organizations to manage assets, streamline efficiency, and reduce costs, which, in turn, improves the quality, patient safety, and the financial bottom line.

By end-user, this market includes healthcare, retail, manufacturing, transportation and logistics, defense, sports and entertainment, and others. The retail segment is likely to register moderate growth in the global real-time locating system (RTLS) market. RTLS helps retail organizations to work more efficiently by providing real-time material handling information.

Real-Time Locating System (RTLS) Market: Regional Analysis

The real-time locating system (RTLS) market is analyzed across five regions—North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is expected to register the highest growth rate in the global real-time locating system (RTLS) market. The continuous need for mandatory monitoring of supplies and goods at immigration depots, cross-docking points, and containers at ports are the major factors contributing toward the adoption of real-time locating system (RTLS) market in the Asia Pacific region. According to a recent study published by the Association of Southeast Asian Nations (ASEAN), the Southeast Asian region is anticipated to be the next destination for transportation and logistics by 2025, replacing China, with its large consumer base, geographic proximity, and low costs. 

Real-Time Locating System (RTLS) Market: Competitive Analysis

The report covers a detailed competitive outlook including company profiles of the key participants operating in the global real-time locating system (RTLS)market. Key players profiled in this report are

  • Stanley Healthcare
  • Zebra Technologies
  • Aruba Networks (HP Enterprise)
  • Impinj
  • SaviTechnology
  • Teletracking Technologies
  • Ubisense Group
  • Arista
  • Awarepoint
  • Identec Group
  • and Alien Locating Architecture, among others.

This report segments the real-time locating system (RTLS) market as:

Global Real-Time Locating System (RTLS) Market: Component Segment Analysis

  • Hardware
  • Software

Global Real-Time Locating System (RTLS) Market: Locating Architecture Segment Analysis

  • Wi-Fi
  • RFID
  • Ultra-Wideband (UWB)
  • Bluetooth (BLE)
  • Ultrasound
  • ZigBee
  • Others

Global Real-Time Locating System (RTLS) Market: Application Segment Analysis

  • Asset Tracking & Management
  • Supply Chain Management
  • Staff Locating & Monitoring
  • Workflow & Process Automation
  • Visualization & Mapping
  • Others

Global Real-Time Locating System (RTLS) Market: End-User Segment Analysis

  • Healthcare
  • Retail
  • Manufacturing
  • Transportation & Logistics
  • Defense
  • Sports & Entertainment
  • Others

Global Real-Time Locating System (RTLS) Market: Regional Segment Analysis

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

Table Of Content

Methodology

FrequentlyAsked Questions

Real-time locating system (RTLS) can be described as GPS on components, but used indoors for locating, monitoring, and tracking the activity of various things and people. With this system, the data is received from location transmitters that are attached to walls and transmitted by using Wi-Fi via active asset tags attached with equipment.

According to study, the global Real-Time Locating System (RTLS) Market size was worth around USD 7.16 billion in 2023 and is predicted to grow to around USD 95.74 billion by 2032.

The CAGR value of Real-Time Locating System (RTLS) Market is expected to be around 33.4% during 2024-2032.

Asia Pacific has been leading the global Real-Time Locating System (RTLS) Market and is anticipated to continue on the dominant position in the years to come.

The global Real-Time Locating System (RTLS) Market is led by players like Stanley Healthcare, Zebra Technologies, Aruba Networks (HP Enterprise), Impinj, SaviTechnology, Teletracking Technologies, Ubisense Group, Arista, Awarepoint, Identec Group, and Alien Locating Architecture, among others.

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