Updated Research Report of Real-time Location System (RTLS) Market 2020-2025:
A new market study, titled “Real-time Location System (RTLS) Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
The real-time location system (RTLS) market has seen a significant rise in the demand for the RTLS system solutions. RTLS is used to locate, identify and track the locations of objects or people in real-time. Various sectors like transportation, manufacturing, agriculture, healthcare use RTLS. The real-time locating systems include tracking of automobiles, monitoring shipments in a warehouse, tracking down critical personnel information, or finding medical equipment in the hospital. The real-time data and information available are helping many users to access data in any remote location across the world. RTLS is a form of local positioning system that is not identical to GPS and does not include speed, direction, or spatial orientation.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Real-Time Locating Systems (RTLS) in these regions, from 2012 to 2023 (forecast), covering
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
South America (Brazil, Argentina, Columbia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Real-Time Locating Systems (RTLS) market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer;
The Top Players Including
Zebra Technologies Corp.
Ubisense Group PLC.
Centrak, Inc. (U.S.)
Versus Technology, Inc.
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The Real-time Location System (RTLS) market report suggests that the solutions are being adopted in many industries to lower the risk of workplace accidents. The RTLS helps to know the exact position of the vehicles, operators, forklifts, and analyses the collected data to ensure the identification and elimination of workplace accidents, saving a lot of tie and money. RTLS is generally used in indoor and confined areas like buildings. The RTLS tag is affixed to the items to be tracked or managed. The reference points in the RTLS system can be provided with better location accuracy.
The global Real-time Location System (RTLS) market report analyses the production, consumption, revenue, market share, size and growth of RTLS. The advantages of the RTLS system to locate and manage the assets, notification of new locations, the combination identity of multiple items placed in a single location, to locate customers for food delivery services, are some of the driving factors for the rise of the Real-time Location System (RTLS) market. The report also mentions the key companies that are participating in the RTLS market.
The report displays the production, revenue, market share, and the growth rate of the Real-time Location System (RTLS) market. On the basis of product type, the market is split into Infrared, Ultrasound, Wi-Fi, RFID, Zigbee, Ultra Wide Band (UWB), and others such as GPS, Bluetooth & Combined. RFID or radio-frequency identification refers to the technology where the digital data is encoded in RFID tags or smart labels. RFID is used for asset tracking, personnel tracking, ID badging, and for controlling access to restricted areas. And depending on the segmentation based on the end-user applications, the report displays the status and outlook, market share and the growth rate of the Real-time Location System (RTLS) market including Transportation & Logistics, Education, Healthcare, Industrial Manufacturing and others.
Cisco Systems, a global networking technology company, is partnering up with a real-time location system (RTLS) technology company, Sewio Networks, to build the ultra-wideband (UWB) receiver module to enable precise localization of tagged items or individuals in automotive and industrial spaces without the need for an additional RTLS anchor installation, in Czech Republic.