Growth Opportunities in Global Real-time Location Solutions (RTLS)

Growth Opportunities in Global Real-time Location Solutions (RTLS)

Emerging Technologies in Connectivity Drive Demand for New Deployments

RELEASE DATE
23-Dec-2022
REGION
Global
Research Code: K6B5-01-00-00-00
SKU: ES01231-GL-MT_27181
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Real-time location solutions (RTLS) provide accurate information on the location of materials, goods, assets, persons, or vehicles. The system includes tags, readers, and a software solution. This study covers different RTLS technologies that assets send radio signals to, such as wireless fidelity (Wi-Fi), RFID, ultra-wideband (UWB), Bluetooth Low Energy (BLE), and infrared and ultrasound location technologies.

This study assesses the RTLS market scenario from 2021 to 2026. The market was estimated at $1.44 billion in 2021 and registered a growth rate of 14.3% from 2020. The RTLS market is in a growth stage and forecast to increase at a CAGR of 16.1% over the forecast period.

The COVID-19 pandemic has created a massive demand for wireless tracking technologies in the healthcare, manufacturing, government, and defense sectors. Social distancing protocols have increased demand for contact-tracking solutions and provide lucrative opportunities for the RTLS market. Real-time technologies such as RFID, Wi-Fi, UWB, Bluetooth, and GPS make contact tracking possible across industry verticals during the pandemic and beyond. Healthcare, manufacturing, government, and defense sectors are the major end-users of RTLS solutions. These end-user verticals utilize RTLS technologies for contact tracing, measuring and tracking assets, and achieving real-time visibility over workflows.

Author: Sujan Sami

Real-time location solutions (RTLS) provide accurate information on the location of materials, goods, assets, persons, or vehicles. The system includes tags, readers, and a software solution. This study covers different RTLS technologies that assets send radio signals to, such as wireless fidelity (Wi-Fi), RFID, ultra-wideband (UWB), Bluetooth Low Energy (BLE), and infrared and ultrasound location technologies. This study assesses the RTLS market scenario from 2021 to 2026. The market was estimated at $1.44 billion in 2021 and registered a growth rate of 14.3% from 2020. The RTLS market is in a growth stage and forecast to increase at a CAGR of 16.1% over the forecast period. The COVID-19 pandemic has created a massive demand for wireless tracking technologies in the healthcare, manufacturing, government, and defense sectors. Social distancing protocols have increased demand for contact-tracking solutions and provide lucrative opportunities for the RTLS market. Real-time technologies such as RFID, Wi-Fi, UWB, Bluetooth, and GPS make contact tracking possible across industry verticals during the pandemic and beyond. Healthcare, manufacturing, government, and defense sectors are the major end-users of RTLS solutions. These end-user verticals utilize RTLS technologies for contact tracing, measuring and tracking assets, and achieving real-time visibility over workflows. Author: Sujan Sami
More Information
Author Sujan Sami
Industries Electronics and Sensors
No Index No
Is Prebook No
Keyword 1 Real-Time Location System Market
Keyword 2 Real-time Location Solutions
Keyword 3 RTLS technologies
Podcast No
WIP Number K6B5-01-00-00-00