A real-time location system (RTLS) is one of a number of technologies that detects the current geolocation of a target, which may be anything from a vehicle to an item in a manufacturing plant to a person. RTLS is typically embedded in a product, such a mobile phone or a navigational system. Most such systems consist of wireless nodes — typically tags or badges — that emit signals and readers that receive those signals. It is used to automatically identify and track the location of objects or people in real time, usually within a building or other contained area.
Individual customers, network security providers, logistics and tracking facilitators, supply chain, healthcare and hospital industry, military, crime detective agencies, cabs and taxi services, e-commerce companies, recreation facilitators, postal and courier services and like are the target customers for the real-time location system industry.
Market Dynamics and Opportunities
The global market for real-time location system is estimated to grow at a promising CAGR of about 30.5% and is expected to be valued at USD 8.09 billion by 2020. The deep penetration of technology in the daily lives of people, and the way it has changed the lifestyle, business style and work culture, and the fact that people eagerly welcome and adopt these new technologies, is a driver for this market.
The market is segmented in terms of the type of components used, type of technology, type of application and by industry verticals. Based on components, the global automobile real-time location system market is broadly categorized into tags, software and sensors. On the basis of the type of technology, the real-time location system market is categorized into Active RFID and Passive RFID. Active RFID is further subdivided into Bluetooth, GPS, UWB (Ultra-Wide Band), Wi-Fi, etc. According to industry verticals, this market can be segmented into Manufacturing, Logistics, Healthcare, Defense, Security, etc. Further, on the basis of application, the segments are- tracking of assets, WIP, shipping containers, personnel, patients’ activity, vehicle/fleet, etc.
The global real-time location system market is dominated by North America (the U.S., Canada and Mexico) which has the largest geographical market share in the global RTLS market. This can be owed to fact that North America is highly inclined towards adopting new technologies, easily and quickly. Also, the use of RTLS in various sectors such as healthcare, has increased in this region. It also can be attributed to the fact that the major companies operating in this domain belong to North America. Europe stands at number two and Asia Pacific has a wide scope for real-time location system market due to the highly populated, developing economies like China and India.
Some of the major players operating in the global real-time location system market include: AeroScout Industrial, Zebra Technologies, TeleTracking Technologies, Sonitor Technologies, Awarepoint, Ekahau, GE Healthcare and Ubisense, Centrak, etc.
- Market segments
- Market Drivers, Restraints and Opportunities
- Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage