Global Real-time Locating Systems (RTLS) Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027
MarketResearch.biz delivers in-depth insights on the global real-time locating systems market in its upcoming report titled, “Global Real-time Locating Systems (RTLS) Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global real-time locating systems market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global real-time locating systems market report has been segmented on the basis of technology, application, industrial vertical, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Real-time locating systems are used to automatically track location of people and/or objects on real time basis. RTLS are a type of local positioning systems, and are useful in tracking people, automobiles, etc.
Technological advancements in electronic devices leading to miniaturization of products and increasing demand for rea-time locating system (RTLS) from various industry vertical are major factors driving growth of the global real-time locating systems market. In addition, growing demand from E-commerce sector in order to track the location of the shipment or product in order to improve the service delivery. Moreover, increasing internet penetration and increasing number of mobile phones and smart wearable device users in developing countries such as India and China, which in turn is expected to support growth of the global real-time locating systems market.
However, technological glitches such as faulty sensors, and lack of internet facility are major factors expected to restrain growth of the global real time locating systems market.
However, increasing R&D activates to develop innovative products with cost-effectiveness by major players is expected to create new opportunities in terms of revenue to players operating in the global real-time locating systems market over the forecast period.
The real-time locating systems market in Asia Pacific is expected to account for largest share in the global market in terms of revenue, owing to rising internet penetration, growing e-commerce sector, increasing users for mobile phones and smart wearables, and presence of major manufacturers in countries in the region. According to Indian Brand Equity Foundation, internet users in India are expected to increase from 429.23 million to 829 million by 2021. The markets in North America and Europe are expected to account for significant revenue shares in the global market. The market in Europe is projected to register lucrative CAGR in terms of revenue over the forecast period, owing to increasing adoption of the product from transportation and retail sectors in economies in this region.
Global Real-time Locating Systems (RTLS) Market Segmentation:
- Infrared (IR)
- Inventory/Asset - Tracking & Management
- Personnel/Staff - Locating & Monitoring
- Access Control/Security
- Environmental Monitoring
- Supply Chain Management & Operational Automation/Visibility
By Industrial Vertical:
- Transportation & Logistics
- Manufacturing & Processing
- Others (government & defense, education, oil & gas, mining, and sports & entertainment)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- STANLEY Healthcare
- Zebra Technologies Corporation
- Aruba Networks
- Impinj, Inc.
- TeleTracking Technologies
- CenTrak, Inc.
- AiRISTA Flow, Inc.
- Sonitor Technologies
- Versus Technology
- Identec Group
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