Real-Time Location Systems (RTLS) Market
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<strong>Real</strong>-<strong>Time</strong> <strong>Location</strong><br />
<strong>Systems</strong> (<strong>RTLS</strong>) <strong>Market</strong><br />
Opportunity Analysis and Industry Forecast, 2016-2023<br />
Global Opportunity Analysis and<br />
Industry Forecast,<br />
2014-2022
Introduction<br />
• <strong>Real</strong>-<strong>Time</strong> <strong>Location</strong> <strong>Systems</strong> <strong>Market</strong> is expected to reach $7,585 million by 2022,<br />
supported by a CAGR of 31.4% during the forecast period<br />
• <strong>Real</strong>-time location system (<strong>RTLS</strong>) detects and tracks the geographical position of people<br />
and objects in real-time<br />
• The improved ability of real-time tracking in diverse business processes boosts the realtime<br />
locations systems market share.<br />
• The real-time location systems market is driven by an increase in use of smartphones<br />
for mobile applications, such as gaming apps, business and communication apps,<br />
health & wellness apps, and personal convenience apps, which use real-time<br />
positioning information<br />
• Asia-Pacific is estimated to grow fastest due to increase in the adoption of <strong>RTLS</strong> and<br />
extensive growth in China, Japan, Australia, and India
Key Factors of the <strong>Market</strong><br />
• Increase in demand for smartphones, diverse opportunity across<br />
applications, and rapid proliferation of business analytics solutions are<br />
expected to drive the real-time location systems market growth<br />
• Technological advancements are expected to provide lucrative opportunity<br />
for the market growth<br />
• Increase in proliferation of <strong>RTLS</strong> technology is expected to enable patients<br />
to search nearby labs and hospitals as per their convenience, thereby<br />
driving the real-time location systems market growth<br />
• The adoption of RFID has significantly increased owing to its enhanced<br />
features such as low maintenance cost, high accuracy, and long battery life<br />
as compared to other wireless communication technologies such as Wi-Fi,<br />
thus providing growth opportunity for the real-time location systems<br />
market
<strong>Real</strong>-<strong>Time</strong> <strong>Location</strong> <strong>Systems</strong> <strong>Market</strong><br />
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Key Benefits of the <strong>Market</strong><br />
• Healthcare and manufacturing & processing sectors are expected to exhibit<br />
a significant growth in the real-time location systems industry<br />
• RFID generated the highest revenue among technologies of real-time<br />
location systems market<br />
• Asia-Pacific is projected to exhibit substantial growth during the forecast<br />
period
<strong>Market</strong> Segmentation
Key Players of the <strong>Market</strong><br />
• Stanley Healthcare Solutions (AeroScout, Inc.)<br />
• Zebra Technologies Corp.<br />
• Versus Technology, Inc.<br />
• Axcess International, Inc.<br />
• SAVI Technology<br />
• Sonitor Technologies AS<br />
• TeleTracking Technologies, Inc.<br />
• Awarepoint Corp.<br />
• DecaWave Limited<br />
• Ubisense Group PLC.<br />
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