Global Real-Time Locating System Market, By Component (Hardware and Software), Architecture (Wi-Fi, RFID, Ultra-Wideband, Bluetooth, Ultrasound, ZigBee and Others), Application (Asset Tracking & Management, Supply Chain Management, Staff Locating & Monitoring and Visualization & Mapping), End-User (Healthcare, Retail, Manufacturing, Transport & Logistics, Defence and Sports & Entertainment), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Real-time locating system market is expected to reach USD 16.5 billion by 2027 witnessing market growth at a rate of 24.8% in the forecast period of 2020 to 2027. Data Bridge Market Research report on real-time locating system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Real-time locating device, or also called RLTS, is used to locate and map the real-time position of items or persons usually in a confined space such as building or other enclosed area. The most important driving factor for the growth of the market is its improved ability to track people or objects in real-time over the period of time.
There is a rise in need of asset tracking as well as the awareness about the pros of the real-time locating system will be the important factor for the growth of the market. The adoption of business analytics solutions in many organisations will also lead to the growth of the market.
Operational challenges along with initial cost required for setup are the restraining factors for the real-time locating system market. Technological innovations offered by various manufacturers or companies which also offer RTLS applications will prove an opportunity for the market as there will be much more scope for the growth of the market and also for technological advancements.
This real-time locating systems market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research real-time locating system market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Real-Time Locating System Market Scope and Market Size
Real-time locating system market is segmented on the basis of component, architecture, application and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Real-time locating system market on the basis of component has been segmented as hardware and software.
- Based on architecture, real-time locating system market has been segmented into Wi-Fi, RFID, ultraband, Bluetooth, ultrasound, zigbee and others.
- On the basis of application, real-time locating system market has been segmented into asset tracking & management, supply chain management, transport & logistics and staff locating and monitoring and visualization & mapping.
- On the basis of end-user, real-time locating system market has been segmented into healthcare, retail, manufacturing, transport & logistics, defence, sports & entertainment.
Real-Time Locating System Market Country Level Analysis
Real-time locating system market is analysed and market size, volume information is provided by country, component, architecture, application and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Real-Time Locating System Market Share Analysis
Real-time locating system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to real-time locating system market.
The major players covered in the real-time locating system market report are CenTrak, DecaWave Limited, Lockheed Martin Corporation, Redpine Signals Inc., Sonitor Technologies, Stanley Black & Decker Inc., TeleTracking Technologies, Ubisense Ltd., Versus Technology Inc., Zebra Technologies Co., AeroScout Inc., Savi Technology, Aruba Networks, Impinj, Hewlett Packard Enterprise Development LP., Airista Flow Inc., Cisco Systems Inc., Midmark Corporation., Jupiter networks Inc.,. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Real-Time Locating System Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.