The Real-Time Locating Systems has been segmented on the basis of components, technology, application, and industry. The components includes- hardware and software. By technology the market has been segmented as – RFID, Wi-Fi, UWB, GPSamong others whereas the application includes- asset tracking, personal tracking, inventory tracking among others. On the basis of industries, the market includes- manufacturing, banking, healthcare, aerospace & defense, automotive, oil & gas among others.
For the purpose of this study, Market Research Future has segmented the Global Real-Time Locating Systems into technology, application and industries. Real-Time Location Systems is expected to grow at CAGR of ~28% between the years 2018 to 2022 and estimated to reach at market size of US ~$6 billion by end of year 2022.
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Market Research Future (MRFR) recognizes the following companies as the key players in the Real-Time location systems: Stanley Healthcare (U.S.), Zebra Technologies Corp. (U.S.), Ubisense Group PLC. (U.K.), IMPINJ, Inc. (U.S.), Savi Technology (U.S.), AiRISTA, LLC. (U.S.), CenTrak, Inc. (U.S.), Versus Technology, Inc. (U.S.), Identec Group AG (Liechtenstein), Redpine Signals, Inc. (U.S.) Some others players in this market are- Decawave Ltd. (Ireland), Awarepoint Corp. (U.S.), BeSpoon SAS. (France), among others
Study Objectives of Real-Time Locating Systems Market
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Real-Time Locating Systems Market.
- To provide insights about factors affecting the market growth.
- To analyze the Real-Time Locating Systems market based porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by components, service, application, industries and sub-segments
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Real-Time locating systems
North America is dominating the Real-Time Locating Systems Market due to the presence of global players which offers competitive advantage in this market. The U.S holds largest share of RTLS market in North America followed by Canada and Mexico. RTLS offers wide range of features and companies such as BMW, Aston Martin Lagonda, Airbus, Hewlett Packard, Samsung Electronics and Boeing among others are utilizing RTLS systems in their manufacturing process systems to track various tools. Europe stands as second biggest market due to the growth of healthcare and BFSI industry whereas Asia-Pacific has emerged as fastest growing market due to the growing economies of China and India and high investment of government in defense sector.
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
RTLS market is projected to grow at a tremendous growth rate over the next few years due to increase in numbers of vendors and rising awareness about benefits of RTLS feature such as high accuracy, time, and tracking. RTLS plays an important role for the accurate tracking of things and personnel’s and identification whereas, factors such as high deployment cost is forcing the manufacturers for low cost technology such as bar code system.
Technologies such as RFID, Wi-Fi, Infrared use tags and badges to exchange the information and let the administrator know the exact location of the thing. One of the growing industries in the field of RTLS is healthcare where the devices plays very vital role while locating the personal staff or the important equipment’s. Aerospace and Defence industry is also expected to drive the market of RTLS as new technologies are being introduced to monitor the activities of the people as well as weapons.
While traditional technologies such as RFID, Bluetooth and Wi-Fi accounts for largest market share, new technologies are also coming into picture in the form of Zigbee and UWB which is likely to grow with faster pace.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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RTLS Service Providers
Distributors and Traders
RTLS End Users
TABLE OF CONTENTS
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.3 Market Structure:
1.3.1 Global Real-Time Locating Systems Market: By Components
1.3.2 Global Real-Time Locating Systems Market: By Application
1.3.3 Global Real-Time Locating Systems Market: By Technology
1.3.4 Global Real-Time Locating Systems Market: By Industry
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
2.4.3 Market Crackdown & Data Triangulation
3 Market Dynamics
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LIST OF TABLES
Table 1 Global Real-Time Locating Systems Market, By Components
Table 2 Global Real-Time Locating Systems Market, By Application
Table 3 Global Real-Time Locating Systems Market, By Technology
Table 4 Global Real-Time Locating Systems Market, By Industry
Table 5 Global Real-Time Locating Systems Market, By Regions
LIST OF FIGURES
Figure 1 Research Type
Figure 2 Global Real-Time Locating Systems Market: By Components (%)
Figure 3 Global Real-Time Locating Systems Market: By Application (%)
Figure 4 Global Real-Time Locating Systems Market: By Technology
Figure 5 Global Real-Time Locating Systems Market: By Industry (%)
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