According to a market report by Lucintel, the future of the real-time location system (RTLS) market looks promising with opportunities in the healthcare, manufacturing & automotive, transportation & logistic vertical, and retail industries. The global real-time location system market is expected grow with a CAGR of 23% to 25% from 2021 to 2026. The major drivers for this market are increasing need for asset tracking, growth in smartphones, and surge in the adoption of business analytics solutions.
Hardware and software are the component type segments of this market. Hardware will remain the largest product type segment over the forecast period due to the abundant availability of affordably priced sensors and growing awareness of the benefits of RTLS technology.
Within the real-time location system market,
healthcare market is expected to witness the highest growth during the forecast period due to the adoption of RTLS-based technologies for a wide variety of healthcare applications, such as asset tracking and monitoring, handheld hygiene compliance, and environmental monitoring.
North America will remain the largest region during the forecast period due to the increasing demand for RTLS applications in the healthcare and manufacturing & processing sectors, presence of a major number of RTLS vendors, and wide-scale adoption of mobility solutions.
Stanley Black & Decker Inc., Redpine Signals Inc, Zebra Technologies Corp., Versus Technology, Inc., Lockheed Martin Corporation, Sonitor Technologies, TeleTracking Technologies, Inc., CenTrak, DecaWave Limited, and Ubisense Ltd. are some of the major real-time location system manufacturers.
Lucintel, a leading global strategic consulting and
market research firm, has analyzed growth opportunities in the global real-time location systems market by component, application, end use industry, and region. Lucintel has prepared a comprehensive research report titled “
Growth Opportunities in the Global Real-Time Location System Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global real-time location system market by component, application, end use industry, and region as follows:
By Component [$M shipment analysis for 2015 – 2026]:
By Application [$M shipment analysis for 2015 – 2026]:
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Tracking and Navigation
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Marketing and Advertising
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Location-Based Social Networks
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Location-Based Health Monitoring
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Others
By End Use Industry [$M shipment analysis for 2015 – 2026]:
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Healthcare
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Manufacturing & Automotive
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Retail
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Transportation & Logistics
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Governments & Defense
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Education
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Oil & Gas and Mining
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Sports & Entertainment
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Others
By Region [$M shipment analysis for 2015 – 2026]:
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North America
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United States
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Canada
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Mexico
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Europe
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Germany
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United Kingdom
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France
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Italy
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Asia Pacific
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China
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Japan
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India
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South Korea
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The Rest of the World
This research report of more than 150 pages will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
