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Real-Time Location Systems (RTLS) Market by Technology (Ultra-Wideband, Wi-Fi, RFID, ZigBee, Infrared), Industry Vertical (Transportation & Logistics, Healthcare, Retail, Manufacturing & Processing) - Global Opportunity Analysis and Industry Forecast, 2014-2022

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IC_171931
Pages: 127
Feb 2017 | 3304 Views
 
Author's : Sonia Mutreja
Tables: 38
Charts: 36
 

Real-Time Location Systems Market Overview:

Real-Time Location Systems Market was valued at $890 million in 2014, and is expected to reach $7,585 million by 2022, supported by a CAGR of 31.4% during the forecast period. Real-time location system (RTLS) detects and tracks the geographical position of people and objects in real-time. It consists of a wireless tag that is attached to objects or individuals and the signals conveyed from this tag are analyzed with respect to a fixed point of reference, which helps to find the precise location of the individual or the object. The system consists of location readers, sensors, application software, battery-powered tags, and network infrastructure.

The improved ability of real-time tracking in diverse business processes boosts the real-time locations systems market share. These systems provide increased productivity, accuracy, and operational excellency. In addition, it offers other benefits such as enhancement in safety of staff, effective logistic & supply chain operations, and smooth process operation.

The real-time location systems market is driven by an increase in use of smartphones for mobile applications, such as gaming apps, business and communication apps, health & wellness apps, and personal convenience apps, which use real-time positioning information. Moreover, the increase in trend of using navigation and RTLS across various businesses sectors also fuels the growth in the real-time location systems market. Other factors that contribute to the growth of the real-time location systems market share are diverse opportunities across other business applications, and rapid proliferation of business analytics solutions.

The global real-time location systems market is segmented based on technology, industry vertical, and geography. By technology, the real-time location systems market is categorized into ultra-wideband (UWB), Wi-Fi, RFID, ZigBee, infrared, and others. RFID technology is expected to generate the maximum revenue during the forecast period. This is due to enhanced features such as low maintenance cost, high accuracy, and long battery life as compared to other wireless communication technologies. ZigBee is extremely reliable for the errors which occur during mesh networks. Also, they are power efficient and has a larger network capacity.

Based on industry vertical, the real-time location systems market is divided into transportation & logistics, healthcare, retail, manufacturing & processing, and others. Healthcare sector is estimated to generate the maximum revenue in 2014 and is projected to maintain its dominant position throughout the analysis period. Increase in the proliferation of RTLS technology is expected to enable patients to search nearby labs and hospitals as per their convenience, thereby driving the real-time locations systems market growth. Also, rapid adoption of Wi-Fi and WLAN networks in hospitals and public places is expected to drive the market growth during the forecast period. Furthermore, leading market players have developed various RTLS-enabled products and adopted various strategies to sustain the intense competition in the market. They have also invested in the technology development to increase consumer demand.

The global real-time location systems market is analyzed across four regions, which include North America, Europe, Asia-Pacific, and LAMEA. North America is expected to dominate the global market during the analysis period, owing to the presence of a large number of established RTLS solutions providers. The Asia-Pacific market is expected to grow at a significant rate in the near future on account of the upsurge in working population, spiraling technology hubs in the region, and booming tourism industry.

Key market players profiled in the report are Stanley Healthcare Solutions (AeroScout, Inc.), Zebra Technologies Corp., Versus Technology, Inc., Axcess International, Inc., SAVI Technology, Sonitor Technologies AS, TeleTracking Technologies, Inc., Awarepoint Corp., DecaWave Limited, and Ubisense Group PLC. Business overview, financials, product portfolios, investments, and recent strategies & developments of these companies are provided in the report.

Real-Time Location Systems Market Segmentation

Real-Time Location Systems Market Segmentation

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Key Benefits

  • The report provides the analytical depiction of the global real-time location systems market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information regarding the key drivers, restraints, and opportunities along with the detailed impact analysis.
  • The report contains a quantitative estimation of the market for the period 2014-2022 to understand its financial caliber, and also the factors that impact the real-time location systems market growth.
  • Porter’s Five Forces analysis illustrates the potency of buyers and suppliers.

Real-Time Location Systems Market Key Segments:

By Technology

  • Ultra-Wideband (UWB)
  • Wi-Fi
  • RFID
  • ZigBee
  • Infrared
  • Others

By Industry Vertical

  • Transportation & Logistics
  • Healthcare
  • Retail
  • Manufacturing & Processing
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • Stanley Healthcare Solutions (AeroScout, Inc.)
  • Zebra Technologies Corp.
  • Versus Technology, Inc.
  • Axcess International, Inc.
  • SAVI Technology
  • Sonitor Technologies AS
  • TeleTracking Technologies, Inc.
  • Awarepoint Corp.
  • DecaWave Limited
  • Ubisense Group PLC.
 

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.2.3. Key Market Player Positioning

3.3. PORTER’S FIVE FORCES ANALYSIS

3.3.1. Moderate bargaining power of suppliers
3.3.2. Low threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. Moderate bargaining power of buyers
3.3.5. High competitive rivalry

3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Increase in demand for smartphones
3.4.1.2. Diverse utility across applications
3.4.1.3. Rapid proliferation of business analytics solutions

3.4.2. Restraints

3.4.2.1. Operational challenges
3.4.2.2. High initial costs

3.4.3. Opportunities

3.4.3.1. Technological advancements
3.4.3.2. Top impacting factors

Chapter: 4 REAL-TIME LOCATION SYSTEMS, BY TECHNOLOGY

4.1. OVERVIEW
4.2. ULTRA-WIDEBAND (UWB)

4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast

4.3. WI-FI

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

4.4. RFID

4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast

4.5. ZIGBEE

4.5.1. Key market trends
4.5.2. Key growth factors and opportunities
4.5.3. Market size and forecast

4.6. INFRARED

4.6.1. Key market trends
4.6.2. Key growth factors and opportunities
4.6.3. Market size and forecast

4.7. OTHERS

4.7.1. Key market trends
4.7.2. Key growth factors and opportunities
4.7.3. Market size and forecast

Chapter: 5 REAL-TIME LOCATION SYSTEMS, BY INDUSTRY VERTICAL

5.1. OVERVIEW
5.2. TRANSPORTATION & LOGISTICS

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.3. HEALTHCARE

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast

5.4. RETAIL

5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast

5.5. MANUFACTURING & PROCESSING

5.5.1. Key market trends
5.5.2. Key growth factors and opportunities
5.5.3. Market size and forecast

5.6. OTHERS

5.6.1. Key market trends
5.6.2. Key growth factors and opportunities
5.6.3. Market size and forecast

Chapter: 6 REAL-TIME LOCATION SYSTEMS MARKET, BY GEOGRAPHY

6.1. NORTH AMERICA

6.1.1. Key market trends
6.1.2. Key growth factors and opportunities
6.1.3. Market size and forecast, by technology
6.1.4. Market size and forecast, by industry vertical
6.1.5. Market size and forecast, by country
6.1.6. U.S.

6.1.6.1. Market size and forecast, by technology
6.1.6.2. Market size and forecast, by industry vertical

6.1.7. Canada

6.1.7.1. Market size and forecast, by technology
6.1.7.2. Market size and forecast, by industry vertical

6.1.8. Mexico

6.1.8.1. Market size and forecast, by technology
6.1.8.2. Market size and forecast, by industry vertical

6.2. EUROPE

6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast, by technology
6.2.4. Market size and forecast, by industry vertical
6.2.5. Market size and forecast, by country
6.2.6. UK

6.2.6.1. Market size and forecast, by technology
6.2.6.2. Market size and forecast, by industry vertical

6.2.7. Germany

6.2.7.1. Market size and forecast, by technology
6.2.7.2. Market size and forecast, by industry vertical

6.2.8. France

6.2.8.1. Market size and forecast, by technology
6.2.8.2. Market size and forecast, by industry vertical

6.2.9. Russia

6.2.9.1. Market size and forecast, by technology
6.2.9.2. Market size and forecast, by industry vertical

6.2.10. Rest of Europe

6.2.10.1. Market size and forecast, by technology
6.2.10.2. Market size and forecast, by industry vertical

6.3. ASIA-PACIFIC

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast, by technology
6.3.4. Market size and forecast, by industry vertical
6.3.5. Market size and forecast, by country
6.3.6. China

6.3.6.1. Market size and forecast, by technology
6.3.6.2. Market size and forecast, by industry vertical

6.3.7. Japan

6.3.7.1. Market size and forecast, by technology
6.3.7.2. Market size and forecast, by industry vertical

6.3.8. India

6.3.8.1. Market size and forecast, by technology
6.3.8.2. Market size and forecast, by industry vertical

6.3.9. Australia

6.3.9.1. Market size and forecast, by technology
6.3.9.2. Market size and forecast, by industry vertical

6.3.10. Rest of Asia-Pacific

6.3.10.1. Market size and forecast, by technology
6.3.10.2. Market size and forecast, by industry vertical

6.4. LAMEA

6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast, by technology
6.4.4. Market size and forecast, by industry vertical
6.4.5. Market size and forecast, by country
6.4.6. Latin America

6.4.6.1. Market size and forecast, by technology
6.4.6.2. Market size and forecast, by industry vertical

6.4.7. Middle East

6.4.7.1. Market size and forecast, by technology
6.4.7.2. Market size and forecast, by industry vertical

6.4.8. Africa

6.4.8.1. Market size and forecast, by technology
6.4.8.2. Market size and forecast, by industry vertical

Chapter: 7 COMPANY PROFILES

7.1. AWAREPOINT CORPORATION

7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Key strategic moves and developments

7.2. DECAWAVE LIMITED

7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Product portfolio
7.2.4. Key strategic moves and developments

7.3. SONITOR TECHNOLOGIES AS

7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Product portfolio
7.3.4. Key strategic moves and developments

7.4. TELETRACKING TECHNOLOGIES, INC.

7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Product portfolio
7.4.4. Key strategic moves and developments

7.5. UBISENSE GROUP PLC.

7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.5.6. Key strategic moves and developments

7.6. VERSUS TECHNOLOGY, INC.

7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Key strategic moves and developments

7.7. ZEBRA TECHNOLOGIES CORP.

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Key strategic moves & developments, 2014-2016

7.8. STANLEY BLACK & DECKER (AEROSCOUT, INC.)

7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.8.6. Key strategic moves and developments

7.9. REDPINE SIGNALS, INC.

7.9.1. Company snapshot
7.9.2. Key strategic moves and developments

7.10. LOCKHEED MARTIN CORPORATION (SAVI TECHNOLOGY)

7.10.1. Company snapshot
7.10.2. Operating business segments
7.10.3. Product portfolio
7.10.4. Business performance
7.10.5. Key strategic moves and developments

LIST OF TABLES

TABLE 1. NANOANQ PRODUCT DESCRIPTION
TABLE 2. GLOBAL REAL-TIME LOCATION SYSTEMS MARKET REVENUE, BY TECHNOLOGY, 2014-2022 ($MILLION)
TABLE 3. UWB TECHNOLOGY MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
TABLE 4. WI-FI TECHNOLOGY MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
TABLE 5. RFID TECHNOLOGY MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
TABLE 6. ZIGBEE TECHNOLOGY MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
TABLE 7. INFRARED TECHNOLOGY MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
TABLE 8. OTHER TECHNOLOGIES MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
TABLE 9. GLOBAL REAL-TIME LOCATION SYSTEMS MARKET, BY SOFTWARE, 2014-2022 ($MILLION)
TABLE 10. REAL-TIME LOCATION SYSTEMS MARKET FOR LOCATION ANALYTICS ENGINE SOFTWARE, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 11. REAL-TIME LOCATION SYSTEMS MARKET FOR MIDDLEWARE, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 12. GLOBAL REAL-TIME LOCATION SYSTEMS SOFTWARE MARKET, BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
TABLE 13. GLOBAL REAL-TIME LOCATION SYSTEMS MARKET REVENUE, BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
TABLE 14. REAL-TIME LOCATION SYSTEMS MARKET REVENUE FROM TRANSPORTATION & LOGISTICS INDUSTRY, BY REGION, 2014-2022 ($MILLION)
TABLE 15. RTLS MARKET REVENUE FROM HEALTHCARE INDUSTRY, BY REGION, 2014-2022 ($MILLION)
TABLE 16. RTLS MARKET REVENUE FROM RETAIL INDUSTRY, BY REGION, 2014-2022 ($MILLION)
TABLE 17. RTLS MARKET REVENUE FROM MANUFACTURING & PROCESSING INDUSTRY, BY REGION, 2014-2022 ($MILLION)
TABLE 18. RTLS MARKET REVENUE FROM OTHER INDUSTRIES, BY REGION, 2014-2022 ($MILLION)
TABLE 19. REAL-TIME LOCATION SYSTEMS MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
TABLE 20. NORTH AMERICAN REAL-TIME LOCATION SYSTEMS MARKET REVENUE, BY TECHNOLOGY, 2014-2022 ($MILLION)
TABLE 21. NORTH AMERICAN REAL-TIME LOCATION SYSTEMS MARKET REVENUE, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 22. U.S. REAL-TIME LOCATION SYSTEMS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 23. CANADIAN REAL-TIME LOCATION SYSTEMS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 24. MEXICAN REAL-TIME LOCATION SYSTEMS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 25. EUROPEAN REAL-TIME LOCATION SYSTEMS MARKET REVENUE, BY TECHNOLOGY, 2014-2022 ($MILLION)
TABLE 26. EUROPEAN REAL-TIME LOCATION SYSTEMS MARKET REVENUE, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 27. GERMANY REAL-TIME LOCATION SYSTEMS MARKET REVENUE ($MILLION), 2014-2022
TABLE 28. UK REAL-TIME LOCATION SYSTEMS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 29. FRANCE REAL-TIME LOCATION SYSTEMS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 30. RUSSIA REAL-TIME LOCATION SYSTEMS MARKET REVENUE ($MILLION), 2014-2022
TABLE 31. REST OF EUROPE REAL-TIME LOCATION SYSTEMS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 32. ASIA-PACIFIC REAL-TIME LOCATION SYSTEMS MARKET REVENUE, BY TECHNOLOGY, 2014-2022 ($MILLION)
TABLE 33. ASIA-PACIFIC REAL-TIME LOCATION SYSTEMS MARKET REVENUE, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 34. CHINA REAL-TIME LOCATION SYSTEMS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 35. JAPAN REAL-TIME LOCATION SYSTEMS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 36. INDIA REAL-TIME LOCATION SYSTEMS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 37. AUSTRALIAN REAL-TIME LOCATION SYSTEMS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 38. REST OF ASIA-PACIFIC REAL-TIME LOCATION SYSTEMS MARKET REVENUE ($MILLION), 2014-2022
TABLE 39. LAMEA REAL-TIME LOCATION SYSTEMS MARKET REVENUE, BY TECHNOLOGY, 2014-2022 ($MILLION)
TABLE 40. LAMEA REAL-TIME LOCATION SYSTEMS MARKET REVENUE, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 41. LATIN AMERICAN REAL-TIME LOCATION SYSTEMS MARKET REVENUE ($MILLION), 2014-2022
TABLE 42. MIDDLE EAST REAL-TIME LOCATION SYSTEMS MARKET REVENUE, 2014-2022 ($MILLION)
TABLE 43. AFRICA REAL-TIME LOCATION SYSTEMS MARKET REVENUE, 2014-2022 ($MILLION)

LIST OF FIGURES

FIGURE 1. MARKET SEGMENTATION
FIGURE 2. EXECUTIVE SUMMARY
FIGURE 3. TOP INVESTMENT POCKETS
FIGURE 4. MARKET DYNAMICS
FIGURE 5. VALUE CHAIN ANALYSIS OF REAL-TIME LOCATION SYSTEMS MARKET
FIGURE 6. REAL-TIME LOCATION SYSTEMS MARKET SEGMENTATION, BY TECHNOLOGY
FIGURE 7. GLOBAL REAL-TIME LOCATION SYSTEMS MARKET REVENUE, BY TECHNOLOGY ($MILLION)
FIGURE 8. GLOBAL REAL-TIME LOCATION SYSTEMS MARKET REVENUE, BY TECHNOLOGY, 2014-2022 ($MILLION)
FIGURE 9. GLOBAL REAL-TIME LOCATION SYSTEMS MARKET REVENUE, FOR UWB TECHNOLOGY, 2014-2022 ($MILLION)
FIGURE 10. GLOBAL REAL-TIME LOCATION SYSTEMS MARKET REVENUE, FOR WI-FI TECHNOLOGY, 2014-2022 ($MILLION)
FIGURE 11. GLOBAL REAL-TIME LOCATION SYSTEMS MARKET REVENUE, FOR RFID TECHNOLOGY, 2014-2022 ($MILLION)
FIGURE 12. GLOBAL REAL-TIME LOCATION SYSTEMS MARKET REVENUE, FOR ZIGBEE TECHNOLOGY, 2014-2022 ($MILLION)
FIGURE 13. GLOBAL REAL-TIME LOCATION SYSTEMS MARKET REVENUE, FOR INFRARED TECHNOLOGY, 2014-2022 ($MILLION)
FIGURE 14. GLOBAL REAL-TIME LOCATION SYSTEMS MARKET REVENUE, FOR OTHER TECHNOLOGIES, 2014-2022 ($MILLION)
FIGURE 15. GLOBAL REAL-TIME LOCATION SYSTEMS MARKET SHARE, BY SOFTWARE, 2014-2022 (%)
FIGURE 16. GLOBAL REAL-TIME LOCATION SYSTEMS MARKET SHARE FOR LOCATION ANALYTICS ENGINE SOFTWARE, 2014-2022 (%)
FIGURE 17. N-CORE POLARIS RTLS ARCHITECTURE
FIGURE 18. GLOBAL REAL-TIME LOCATION SYSTEMS MARKET SHARE FOR MIDDLEWARE, 2014-2022 (%)
FIGURE 19. GLOBAL REAL-TIME LOCATION SYSTEMS SOFTWARE MARKET SHARE, BY INDUSTRY VERTICAL, 2014-2022 (%)
FIGURE 20. REAL-TIME LOCATION SYSTEMS MARKET SEGMENTATION, BY INDUSTRY VERTICAL
FIGURE 21. GLOBAL REAL-TIME LOCATION SYSTEMS MARKET REVENUE, BY INDUSTRY VERTICAL
FIGURE 22. GLOBAL SOCIAL MEDIA ANALYTICS MARKET REVENUE, BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
FIGURE 23. GLOBAL REAL-TIME LOCATION SYSTEMS MARKET REVENUE, FOR TRANSPORTATION & LOGISTICS INDUSTRY, 2014-2022 ($MILLION)
FIGURE 24. GLOBAL REAL-TIME LOCATION SYSTEMS MARKET REVENUE, FOR HEALTHCARE INDUSTRY, 2014-2022 ($MILLION)
FIGURE 25. GLOBAL REAL-TIME LOCATION SYSTEMS MARKET REVENUE, FOR RETAIL INDUSTRY, 2014-2022 ($MILLION)
FIGURE 26. GLOBAL REAL-TIME LOCATION SYSTEMS MARKET REVENUE, FOR MANUFACTURING & PROCESSING INDUSTRY, 2014-2022 ($MILLION)
FIGURE 27. GLOBAL REAL-TIME LOCATION SYSTEMS MARKET REVENUE, FOR OTHER INDUSTRIES, 2014-2022 ($MILLION)
FIGURE 28. REAL-TIME LOCATION SYSTEMS MARKET, BY REGION, 2015
FIGURE 29. NORTH AMERICAN REAL-TIME LOCATION SYSTEMS MARKET REVENUE, BY COUNTRY & TECHNOLOGY ($MILLION)
FIGURE 30. NORTH AMERICA REAL-TIME LOCATION SYSTEMS MARKET REVENUE, BY COUNTRY, 2014-2022 ($MILLION)
FIGURE 31. EUROPEAN REAL-TIME LOCATION SYSTEMS MARKET REVENUE, BY COUNTRY & TECHNOLOGY ($MILLION)
FIGURE 32. EUROPEAN REAL-TIME LOCATION SYSTEMS MARKET REVENUE, BY COUNTRY, 2014-2022 ($MILLION)
FIGURE 33. ASIA-PACIFIC REAL-TIME LOCATION SYSTEMS MARKET REVENUE, BY COUNTRY & TECHNOLOGY ($MILLION)
FIGURE 34. ASIA-PACIFIC REAL-TIME LOCATION SYSTEMS MARKET REVENUE, BY COUNTRY, 2014-2022 ($MILLION)
FIGURE 35. LAMEA REAL-TIME LOCATION SYSTEMS MARKET REVENUE, BY COUNTRY & TECHNOLOGY ($MILLION)
FIGURE 36. LAMEA REAL-TIME LOCATION SYSTEMS MARKET REVENUE, BY COUNTRY, 2014-2022 ($MILLION)

 

Real-time location systems industry is projected to become a mainstream technology to locate and track solution vendors across various industry verticals, including consumer goods, manufacturing, and others. Furthermore, with increase in awareness of benefits of automatic asset management and tracking, the real-time location systems market is expected to grow in the coming years. The growth of the real-time location systems market is driven by the diversified scope of its applications across various sectors. Presently, RTLS is used in healthcare, retail, manufacturing & processing sectors. Moreover, it is used across oil & gas industry for energy & resource management. In addition, education, insurance, and tourism sectors offer a wide scope of applications for RTLS.

Increase in use of smartphones globally has fueled the adoption of RTLS. Mobile applications such as gaming apps, business & communication apps, health & wellness apps, and personal convenience apps use real-time positioning information. Furthermore, diverse opportunities across applications and rapid proliferation of business analytics solutions are projected to supplement the market growth. However, operational challenges and high initial cost are expected to hamper the real-time location systems market growth.

Key market players profiled in the report are Stanley Healthcare Solutions (AeroScout, Inc.), Zebra Technologies Corp., Versus Technology, Inc., Axcess International, Inc., SAVI Technology, Sonitor Technologies AS, TeleTracking Technologies, Inc., Awarepoint Corp., DecaWave Limited, and Ubisense Group PLC.

 

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