Global Real-Time Location Systems (RTLS) Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends

August 25, 2021 by The Business Research Company

The Global Real-Time Location Systems (RTLS) Market Report by The Business Research Company covers real-time location systems market drivers and restraints, RTLS market size, major players, and the impact of COVID-19 on the real-time location systems RTLS market.

The real-time location systems (RTLS) market consists of sales of real-time location systems by entities (organizations, sole traders, and partnerships) that are used to automatically recognize and track the location in real-time. A real-time location system is one of several systems that recognizes a target’s present geolocation, which can range from a vehicle to a manufacturing plant product to a human. The RTLS is used for fleet tracking, navigation, inventory and asset tracking, personnel tracking, and network security.

The global real-time location systems (RTLS) market is expected to grow from $4.13 billion in 2020 to $5.37 billion in 2021 at a compound annual growth rate (CAGR) of 30%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The RTLS market is expected to reach $14.81 billion in 2025 at a CAGR of 28.9%.

The increasing demand for smartphones is expected to propel the growth of the real-time location system (RTLS) market in the coming years. A smartphone is a portable electronic device that connects to a cellular network. Smartphones enable users to make phone calls, deliver text messages and connect to the internet. The growing population across the globe has led to an increase in the demand for the smartphone. Smartphones are used for incident response and emergency management because of real-time location system innovation, which is used to automatically spot and track the destination of objects or people in real-time.

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Some real-time location systems (RTLS) market trends include growing technological advancements. Major firms operating in the real-time location system sector are focused on developing technological solutions for real-time locating and monitoring of assets and employees.

Global real-time location systems (RTLS) market segments include:

1) By Component: Hardware, Software, Service

2) By Technology: RFID, Wi-Fi, Ultra-Wideband (UWB), Bluetooth Low Energy (BLE), Ultrasound, Infrared (IR), GPS, Others

3) By Application: Inventory Or Asset Tracking And Management, Personnel Or Staff Locating And Monitoring, Access Control And Security, Environmental Monitoring, Supply Chain Management And Operational Automation Or Visibility, Others

4) By End Use Industry: Transportation And Logistics, Healthcare, Retail, Manufacturing And Processing, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Real-Time Location Systems (RTLS) Global Market Report 2021: COVID-19 Impact and Recovery To 2030 At:
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The Real-Time Location Systems (RTLS) Global Market Report 2021: COVID-19 Impact and Recovery To 2030 is one of a series of new reports from The Business Research Company that provides real-time location systems (RTLS) market overviews, analyzes and forecasts market size, share, real-time location systems (RTLS) market players, real-time location systems (RTLS) market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The real-time location systems (RTLS) identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Real-Time Location Systems (RTLS) Global Market Report 2021: COVID-19 Impact and Recovery To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Zebra Technologies Corp., Stanley Healthcare, CenTrak Inc., Ubisense Group PLC., TeleTracking Technologies Inc., Sonitor Technologies AS, AeroScout Industrial, DecaWave Limited, Midmark Rtls Solutions Inc., AiRISTA Flow Inc., Savi Technology, Lockheed Martin Corporation, GE Healthcare, Impinj, Identec Group AG, and Ekahau.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Real-Time Location Systems (RTLS) Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Real-Time Location Systems (RTLS) Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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