The worldwide real-time location system (RTLS) market is projected to exhibit a healthy CAGR during the forecast period. A Real-time location system (RTLS) implies locating, identifying, tracking, positioning the geographical location of an object by using tags or nodes or in real time.
Increasing initiatives by government, and high expenditures in RTLS technology are likely to drive the growth. The other driving factors include increasing applications into several industries, and advanced features of RTLS. However, lack of standardization and knowledge among enterprises are likely to hamper the real time location system (RTLS) market in the forecast period.
On October 10, 2017, Nanotron Technologies GmbH and Smartbow GmbH asserted of entering into an exclusive source contract for nanoLOC location chips. The resultant product is used in both - the Nanotron-provided receiver and the Smartbow ear tag.
On February 2, 2018, at Berlin (Germany), Location-awareness expert “Nanotron Technologies GmbH” asserted of offering improved location awareness for the Internet of Things over location data analytics. In addition, Nanotron’s products comprise smart modules, location software, and location chips, which allow concurrent wireless data communication and accurate real-time positioning.
The upcoming trend in real-time location system (RTLS) is emergence of Bluetooth Low-Energy (BLE) beacons, which have become simpler and cheaper to incorporate into the other systems owing to the widespread acceptance of Bluetooth. North America is one of the prominent regions and will continue to account for a large share in the market throughout the forecast period, owing to growing applications in healthcare sector and government initiatives and support.
Leading players operating in the Real-time Location System (RTLS) market include Zebra Technologies Corp., tanley Healthcare Solutions (Aero Scout, Inc.), Versus Technology, Inc., TeleTracking Technologies, Inc., Axcess International, Inc., Sonitor Technologies AS, Aware point Corp., and Ubisense Group PLC. B, SAVI Technology, and DecaWave Limited. Mergers, expansions, acquisitions, and new product development are some of the most extensively accepted strategies by industry companies, both small and large.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Real-time Location System (RTLS) in these regions, from 2012 to 2023 (forecast), covering
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Real-time Location System (RTLS) market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Zebra Technologies
• Awarepoint Corporation
• Versus Technology
• Ubisense Group
• Savi Technology
• Identec Solutions
• Sonitor Technologies
• Axcess International
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Ultra Wide Band (UWB)
• Others (GPS, Bluetooth & Combined)
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Real-time Location System (RTLS) for each application, including
• Transportation and Logistics
• Industrial Manufacturing
Research Support Specialist, USA