Real-time Location Services Applications Market

Real-time Location Services Applications Market by Products (Service, Software and Hardware), Technology (Wi-Fi, RFID, Ultra-wideband, Ultrasound, Infrared, and ZigBee), Applications (Inventory/Asset Tracking & Management, Personnel/Staff Locating & Monitoring, Access Control & Security, Environmental Monitoring, Yard, Dock, Fleet, & Warehouse Management & Monitoring, Supply Chain Management & Operational Automation/Visibility, and Others), Vertical (Healthcare, Manufacturing & Automotive, Retail, Transportation & Logistics, Government & Defense, Education, Oil & Gas, Mining, Sports & Entertainment, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-1072
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 135
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The global real-time location services applications market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the improved accuracy of information.

RTLS stands for Real Time Location Systems, and it refers to any system that can properly detect the location of an item or a person. RTLS is a goal that may be achieved with a variety of methods for finding and managing assets, rather than a single type of system or technology. The time at which assets are tracked is an essential component of RTLS, and this data may be used in a variety of ways depending on the application. Some RTLS applications, for example, simply require timestamps when an item passes through a specific region, but others require far more detailed visibility and require time data to be updated on a regular basis. An excellent Real Time Location System can precisely identify, monitor, and manage assets, products, or people, and assist businesses in making informed decisions based on location data acquired.

Global Real-time Location Services Applications Market Summary

RTLS is utilized in a variety of sectors for purposes such as personnel tracking and tracking of high-value assets. These applications may be found in a variety of industries, including manufacturing and mining, but they are most prevalent in the healthcare sector. A transponder, a receiver, and software to interpret the data from each will be included in all RTLS applications. The quantity of hardware and software necessary to construct the perfect RTLS is determined by the system's complexity, selected technology, and scope of the application. The read ranges and capabilities of RTLS vary depending on the technology and configuration. Because the receivers are satellites circling the Earth, the system with the longest read range, GNSS (GPS), can provide an item's real-time location everywhere on the planet. Other technologies, such as UHF Passive RFID, can offer location within a building or zone with lower read ranges.

The many degrees of coverage that can be achieved using RTLS are listed below. It's worth noting that the granularity of each of these coverage choices varies based on the technology used, the number of receivers and/or tags used, and the type of positioning technique used. Locating an object or person on a worldwide scale using global coordinates is referred to as wide area coverage. Locating cargo containers traveling by sea or land that carry expensive gear is an example of such application. Local Area Coverage refers to locating an object or person within a networked building or facility. Locating an IT asset within a company's facility is an example of an application. Zonal Coverage refers to setting up hardware at intervals based on read range and read barriers to locate an object or person inside a defined zone (i.e., room, workplace in a wider region). Locating a high-value oxygen tank within a hospital is an example of such application. Choke Points refers to areas through which goods or people must pass in order to perform routine business (for example, doorways, hallways, and entrances/exits). In order to fit the read ranges of various technologies, they are usually narrower in width. Determining where a pallet of produced goods is housed at a warehouse is an example of an application.

Market Trends, Drivers, Restraints, and Opportunities

  • Real-time and precise tracking in different manufacturing and business processes are factors boosting the market growth during the forecast period.
  • Increasing adoption of RTLS solutions in various industries is projected to drive the market growth during the forecast period.
  • Growing demand for enhanced workflow optimization and resource efficiency in a variety of sectors, as well as technical advancements and market standards are expected to boost the market growth during the forecast period.
  • New features provided by real-time location services applications systems, such as cost savings, improved quality of care, and greater efficiency are estimated to push the market growth during the forecast period.
  • Improved workflow and asset management throughout the business, lower RTLS component pricing, and government support are main factors fueling the market growth during the forecast.
  • High initial costs in the deployment of these RTLS solutions is anticipated to hamper the market growth during the forecast period.
  • Increasing privacy issues and operational challenges are key factors that can hamper the market growth during the forecast period.
  • Range and power consumption concerns, as well as a complex trade-off between accuracy and range is estimated to impede the market growth.
  • Extensive focus on R&D activities and technological advancements are expected to create lucrative opportunities for the market players.
  • Several untapped potentials in healthcare application are projected to offer significant opportunities for the market players in the coming years.

Scope of the Report

The report on the global real-time location services applications 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 Location Services Applications Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Products (Service, Software and Hardware), Technology (Wi-Fi, RFID, Ultra-wideband, Ultrasound, Infrared, and ZigBee), Applications (Inventory/Asset Tracking & Management, Personnel/Staff Locating & Monitoring, Access Control & Security, Environmental Monitoring, Yard, Dock, Fleet, & Warehouse Management & Monitoring, Supply Chain Management & Operational Automation/Visibility, and Others), Vertical (Healthcare, Manufacturing & Automotive, Retail, Transportation & Logistics, Government & Defense, Education, Oil & Gas, Mining, Sports & Entertainment, and Others)

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

Tele Tracking Technologies Inc.; AeroScout Inc.; Ubisense Group Plc; Motorola Solutions Inc.; PINC Solutions Corporation; Skytron LLC; Axcess International; Zebra Technologies Corporation; Sonitor Technologies AS; Versus Technology Inc.; and Awarepoint Corporation

 

Market Segment Insights

Hardware segment is expected to account for a key share
Based on products, the real-time location services applications market is segmented into service, software, and hardware. The hardware segment is expected to account for a key share of the market during the forecast period owing to increased availability of sensors at affordable price, increased usage of Wi-Fi, growing awareness about the benefits of RTLS technology, scaling the existing RTLS across industries

Global Real-time Location Services Applications Market By Product

Wi-Fi and RFID segment is expected to hold a key share
Based on technology, the real-time location services applications market is segmented into Wi-Fi, RFID, ultra-wideband, ultrasound, infrared, and ZigBee. The Wi-Fi and RFID segment is expected to hold a key share of the market during the forecast period owing to their increased usage for data sharing by vendors worldwide. On the other hand, the ultra-wideband and ZigBee segment is anticipated to expand at a rapid pace during the forecast period.

Global Real-time Location Services Applications Market By Technology

Inventory/asset tracking & management segment is expected to constitute a key share
Based on application, the real-time location services applications market is segmented into inventory/asset tracking & management, personnel/staff locating & monitoring, access control & security, environmental monitoring, yard, dock, fleet, & warehouse management & monitoring, supply chain management & operational automation/visibility, and others. The inventory/asset tracking & management segment is expected to constitute a key share of the market during the forecast period as asset and inventory tracking and management systems using RTLS technologies are often utilized in many sectors to make better use of existing resources and decrease wastage of time during operations. Major industries that use RTLS systems for inventory and asset tracking and management include healthcare, manufacturing, automotive, and retail.

Education segment is expected to represent a key share
Based on vertical, the real-time location services applications market is segmented into healthcare, manufacturing & automotive, retail, transportation & logistics, government & defense, education, oil & gas, mining, sports & entertainment, and others. The education segment is expected to represent a key share of the market during the forecast period owing to growing concerns about the security and safety of students and teachers at educational facilities. This would increase demand for RTLS solutions in the education sector, where BLE- and Wi-Fi-based RTLS solutions might see increased demand during the projection period.

North America is anticipated to dominate the market
On the basis of regions, the real-time location services applications market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market CAGR during the forecast period. The regional market growth can be attributed to increasing demand for RTLS solutions from healthcare sector. Furthermore, higher buying power and rising use of RTLS solutions in various sectors in this region is anticipated to further drive the market growth.

On the other hand, Asia Pacific is expected to exhibit a rapid growth rate in the coming years due to increased demand from nations such as Singapore, Japan, and South Korea, Asia Pacific is expected to dominate the market.

Global Real-time Location Services Applications Market By Region

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Real-time Location Services Applications Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Real-time Location Services Applications Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Real-time Location Services Applications Market - Supply Chain
  4.5. Global Real-time Location Services Applications Market Forecast
     4.5.1. Real-time Location Services Applications Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Real-time Location Services Applications Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Real-time Location Services Applications Market Absolute $ Opportunity
5. Global Real-time Location Services Applications Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Real-time Location Services Applications Market Size and Volume Forecast by Applications
     5.3.1. Inventory/Asset Tracking & Management
     5.3.2. Personnel/Staff Locating & Monitoring
     5.3.3. Access Control & Security
     5.3.4. Environmental Monitoring
     5.3.5. Yard, Dock, Fleet, & Warehouse Management & Monitoring
     5.3.6. Supply Chain Management & Operational Automation/Visibility
     5.3.7. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Real-time Location Services Applications Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Real-time Location Services Applications Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Real-time Location Services Applications Demand Share Forecast, 2019-2026
7. North America Real-time Location Services Applications Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Real-time Location Services Applications Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Real-time Location Services Applications Market Size and Volume Forecast by Applications
     7.4.1. Inventory/Asset Tracking & Management
     7.4.2. Personnel/Staff Locating & Monitoring
     7.4.3. Access Control & Security
     7.4.4. Environmental Monitoring
     7.4.5. Yard, Dock, Fleet, & Warehouse Management & Monitoring
     7.4.6. Supply Chain Management & Operational Automation/Visibility
     7.4.7. Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Real-time Location Services Applications Demand Share Forecast, 2019-2026
8. Latin America Real-time Location Services Applications Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Real-time Location Services Applications Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Real-time Location Services Applications Market Size and Volume Forecast by Applications
     8.4.1. Inventory/Asset Tracking & Management
     8.4.2. Personnel/Staff Locating & Monitoring
     8.4.3. Access Control & Security
     8.4.4. Environmental Monitoring
     8.4.5. Yard, Dock, Fleet, & Warehouse Management & Monitoring
     8.4.6. Supply Chain Management & Operational Automation/Visibility
     8.4.7. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Real-time Location Services Applications Demand Share Forecast, 2019-2026
9. Europe Real-time Location Services Applications Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Real-time Location Services Applications Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Real-time Location Services Applications Market Size and Volume Forecast by Applications
     9.4.1. Inventory/Asset Tracking & Management
     9.4.2. Personnel/Staff Locating & Monitoring
     9.4.3. Access Control & Security
     9.4.4. Environmental Monitoring
     9.4.5. Yard, Dock, Fleet, & Warehouse Management & Monitoring
     9.4.6. Supply Chain Management & Operational Automation/Visibility
     9.4.7. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Real-time Location Services Applications Demand Share Forecast, 2019-2026
10. Asia Pacific Real-time Location Services Applications Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Real-time Location Services Applications Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Real-time Location Services Applications Market Size and Volume Forecast by Applications
     10.4.1. Inventory/Asset Tracking & Management
     10.4.2. Personnel/Staff Locating & Monitoring
     10.4.3. Access Control & Security
     10.4.4. Environmental Monitoring
     10.4.5. Yard, Dock, Fleet, & Warehouse Management & Monitoring
     10.4.6. Supply Chain Management & Operational Automation/Visibility
     10.4.7. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Real-time Location Services Applications Demand Share Forecast, 2019-2026
11. Middle East & Africa Real-time Location Services Applications Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Real-time Location Services Applications Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Real-time Location Services Applications Market Size and Volume Forecast by Applications
     11.4.1. Inventory/Asset Tracking & Management
     11.4.2. Personnel/Staff Locating & Monitoring
     11.4.3. Access Control & Security
     11.4.4. Environmental Monitoring
     11.4.5. Yard, Dock, Fleet, & Warehouse Management & Monitoring
     11.4.6. Supply Chain Management & Operational Automation/Visibility
     11.4.7. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Real-time Location Services Applications Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Real-time Location Services Applications Market: Market Share Analysis
  12.2. Real-time Location Services Applications Distributors and Customers
  12.3. Real-time Location Services Applications Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Tele Tracking Technologies Inc.
     12.4.2. AeroScout Inc.
     12.4.3. Ubisense Group Plc
     12.4.4. Motorola Solutions Inc.
     12.4.5. PINC Solutions Corporation
     12.4.6. Skytron LLC
     12.4.7. Axcess International
     12.4.8. Zebra Technolo
Segments Covered in the Report
The global real-time location services applications market has been segmented on the basis of

Products
  • Service
  • Software
  • Hardware
Technology
  • Wi-Fi
  • RFID
  • Ultra-wideband (UWB)
  • Ultrasound
  • Infrared
  • ZigBee
Applications
  • Inventory/Asset Tracking & Management
  • Personnel/Staff Locating & Monitoring
  • Access Control & Security
  • Environmental Monitoring
  • Yard, Dock, Fleet, & Warehouse Management & Monitoring
  • Supply Chain Management & Operational Automation/Visibility
  • Others
Vertical
  • Healthcare
  • Manufacturing & Automotive
  • Retail
  • Transportation & Logistics
  • Government & Defense
  • Education
  • Oil & Gas, Mining
  • Sports & Entertainment
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Tele Tracking Technologies Inc.
  • AeroScout Inc.
  • Ubisense Group Plc
  • Motorola Solutions Inc.
  • PINC Solutions Corporation
  • Skytron LLC
  • Axcess International
  • Zebra Technologies Corporation
  • Sonitor Technologies AS
  • Versus Technology Inc.
  • Awarepoint Corporation

Key players competing in the real-time location services applications market includes Tele Tracking Technologies Inc.; AeroScout Inc.; Ubisense Group Plc; Motorola Solutions Inc.; PINC Solutions Corporation; Skytron LLC; Axcess International; Zebra Technologies Corporation; Sonitor Technologies AS; Versus Technology Inc.; and Awarepoint Corporation.

Some of the key business strategies employed by companies includes mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase/enhance their market shares.

Global Real-time Location Services Applications Market By Key Players

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