The global real-time locating systems market is estimated to expand at a considerable CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to increasing government initiatives, involvement of real-time locating systems to manage inventory and warehouse services, transportation services, as well as inward and outbound services.
Real-time locating systems (RTLS) is used to track and identify the movement of assets or inventory including various instruments, containers, medical devices, and others that are off for shipping. The system offers real-time status of the shipment and reduces the chance for loss of products due to loss of stolen or missed items during the transport. This system is performed using various technology for tracking and tracing that includes ZigBee, Wi-Fi, and Ultra Wide Band (UWB).
The report on the real-time locating systems market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Real-time Locating Systems Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Applications (Fleet Tracking, Inventory & Asset Tracking, Navigation, Personnel Tracking, and Network Security) and End-users (Transportation Logistics, Manufacturing & Process Industries, Healthcare, and Retail) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Awarepoint Corporation, AeroScout Inc., Zebra Technologies Corporation, Sonitor Technologies, Skytron LLC, TeleTracking Technologies Inc., and Ubisense Group plc. |
On the basis of applications, the global real-time locating systems market is segmented into fleet tracking, inventory & asset tracking, navigation, personnel tracking, and network security. The inventory & asset tracking segment is expected to represent a key share of the market during the forecast period owing to wide adoption of the RTLS system for tracing the movement of inventory and assets. Rising commercial trade and export of goods from country to another that raise the demand for a system solution to track the inventory supply. This represents a major driving factor for the segment growth.
Based on end-users, the global real-time locating systems market is divided into transportation logistics, manufacturing and process industries, healthcare, and retail. The transportation logistics segment is anticipated to grow at a rapid pace during the forecast period owing to rising needs for transportation due to expansion of trading volume across the globe.
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is estimated to register a significant CAGR during the forecast period due to early adoption of advanced technology in the transportation sector and adoption of innovative technology for logistics service in the region. However, the market in Asia Pacific is expected to expand at a significant growth rate in the coming years owing to rapid establishment of industries due to industrialization and rising establishment of major manufacturing units in the region.
The global real-time locating systems market has been segmented on the basis of
Some of the key players competing in the market are Awarepoint Corporation; AeroScout Inc.; Zebra Technologies Corporation; Sonitor Technologies; TeleTracking Technologies Inc.; and Ubisense Group plc. Several of these companies are actively engaged in various market strategies such as product launches, mergers, partnerships, acquisitions, and expansion of production units to enhance their market position and expand their consumer base globally.
The global real-time locating systems market has been segmented on the basis of
Some of the key players competing in the market are Awarepoint Corporation; AeroScout Inc.; Zebra Technologies Corporation; Sonitor Technologies; TeleTracking Technologies Inc.; and Ubisense Group plc. Several of these companies are actively engaged in various market strategies such as product launches, mergers, partnerships, acquisitions, and expansion of production units to enhance their market position and expand their consumer base globally.
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