Learn about the global real-time location systems (RTLS) market through The Business Research Company, which provides information on real-time location systems (RTLS) market size, real-time location systems (RTLS) market drivers and restraints, real-time location systems (RTLS) market players, the COVID-19 impact on the real-time location systems (RTLS) market, and more.

The global real-time location systems market size is expected to grow from $5.37 billion in 2021 to $7.11 billion in 2022 at a compound annual growth rate (CAGR) of 32.6%. The change in the RTLS market 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 2021. The market is expected to reach $19.20 billion in 2026 at a CAGR of 28.6%.

The increasing demand for smartphones is expected to propel the growth of the real-time location system (RTLS) market in the coming years.

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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.

Global Real-Time Location Systems (RTLS) Market Segments Include:

By Component: Hardware, Software, Service

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

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

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. Among these regions, North America was the largest region in the real-time location systems in 2021.

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

TBRC’s real-time location systems (RTLS) market report covers:

Major Market Players: 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 (2016-21) and ten years forecast (2022-2026-2031)

The Real-Time Location Systems (RTLS) Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 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, leading competitor revenues, profiles and market shares.

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

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