Real-time Location System (RTLS) Market Size, Share, Emerging Trends, Regional Analysis and Forecasts 2020 - 2024


Posted February 12, 2020 by Rupali11

The report Real-time Location System Market 2020 covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.

 
Overview of Global Real-time Location System Market:
This report provides in-depth study of “Global Real-time Location System (RTLS) Market 2020 using SWOT analysis i.e. Strength, Weakness, Opportunities, and Threat to the organization. The Real-time Location System Market report also provides an in-depth survey of key players in the market organization. The 'Global Real-time Location System Industry, Market Research Report' is a professional and in-depth study on the current state of the global Real-time Location System Market with a focus on the Chinese market. The report provides key statistics on the market status of the Real-time Location System manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
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The report covers a forecast and an analysis of the Real-time Location System (RTLS) Market on a global and regional level. The study provides historical data for 2015, 2016, 2017 and 2018 along with a forecast from 2020 to 2024 based on revenue (USD Million) and volume (Kilotons). The study includes drivers and restraints of the Real-time Location System (RTLS) Market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Real-time Location System (RTLS) Market on a global level.

This report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency. It comprehensively evaluates the Global Real-time Location System (RTLS) Market with different perspectives for the purpose of providing a detailed, informative, and accurate analysis of regional growth, competition, market segmentation, and other important aspects.
Growth in the historic period resulted from economic growth in emerging markets, the rise in awareness of the benefits and developed nations towards Real-time Location System costs and an increase in the number of solution software. Factors that negatively affected growth in the historic period were increased stress rate.
Product Type Segmentation:
The global Real-time Location System market provides basic types such as RFID, Wi-Fi, Ultrasound
Infrared, Zigbee. The biggest challenges in the RTLS market is less awareness about the advantages of RTLS as users still highly depend on barcodes and passive RFID tags for their businesses. The organizations that use RTLS and analytics struggle to optimally utilize the potential of these technologies as they lack expertise and well-skilled technicians to deal with the digital spatial data and any issues that may occur. The lack of appropriate knowledge and less awareness act as a barrier to the adoption of location-based solutions.
Industry Segmentation:
Implementing RTLS solutions recognition across verticals such as Healthcare, Transportation, Logistics, Industrial Manufacturing, Process Industries, Government and Defense made the global Real-time Location System market grow. Healthcare has been the major industry for RTLS solutions and is expected to continue to hold a major share during the forecast period. The largest market share of the healthcare vertical is attributed to the early adoption of RTLS-based solutions for a wide range of healthcare applications such as tracking and monitoring assets, personnel, and patients; hand hygiene compliance; and environmental monitoring.
Segmentation by Regions:
The North America and Europe holds major share in global Real-time Location System (RTLS) market. The market in APAC is expected to grow at the highest CAGR during the forecast period due to the unused applications of RTLS solutions in different industries in APAC. Japan is the early adopter of RTLS solutions and has witnessed the highest growth in the RTLS market in the past. Countries such as South Korea, China, and Australia are also expected to witness high growth in market APAC. The emergence of new applications/use cases and untapped/unexplored industries and applications in the APAC and RoW regions are likely to provide opportunities to RTLS vendors in the coming years.
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Top Leading Key Manufacturers are: Stanley Healthcare, Ekahau, Zebra Technologies, CenTrak, IBM, Intelleflex, Awarepoint Corporation, Midmark RTLS, TeleTracking, Ubisense Group, Savi Technology, Identec Solutions, AiRISTA, Sonitor Technologies, Elpas, Axcess International, Essensium, GE Healthcare, TimeDomain, BeSpoon, Intelligent Insites, Mojix, PINC Solutions, Plus Location Systems, Radianse
RF Technologies, ThingMagic, Skytron. New product launches and continuous technological innovations are the key strategies adopted by the major players.
The companies that manufacture different solutions for defense applications are deployed by RTLS systems. For instance, in June 2017, Lockheed Martin, a provider of technology for helicopters; integrated air and missile defense radar and littoral, undersea, or electronic warfare, partnered with ONYX Beacon to install its BLE beacon-based RTLS system. This system is used to track the movement of inventory in 2 of their warehouses.
Top Industry News:
1 CenTrak: Expands IoT Offering to Address Increasing Safety Concerns for Healthcare Workers-Jan 8, 2020, The market leader in Location, Security and Sensing Service for the healthcare industry, announced today the availability of three products that address threats to workplace safety. Healthcare workers face a significantly higher risk of assault compared to staff in other industries; in fact, the American Nurses Association indicates one in four nurses have been attacked on the job. CenTrak’s suite of workplace safety products is intended to help healthcare providers respond to this critical concern.
The innovative devices include specialized badges for healthcare workers under duress or in “man down” scenarios that can be activated through a variety of methods, including squeeze, pull-away, button-press, or tilt when the worker is positioned horizontally. New pull-cord units and life-safety panic buttons process events by activating customizable alerts, including audible alarms and notifications pushed to wireless phones and other mobile devices.
The products were developed to integrate with CenTrak’s security-grade networks, which prioritize duress alerts over other network activity and provide acknowledgements back to the device in the form of vibration or LED activation – requirements for enterprise-class solutions. CenTrak’s Edge partner ecosystem includes more than two hundred systems integrators and integrated solution providers, enabling end users to derive value from both legacy technologies and new safety-oriented solutions.
“Unfortunately, we’ve been watching the healthcare workplace become increasingly unsafe. In response, CenTrak has worked diligently to extend the reach of our market-leading products to ensure the safety of today’s healthcare professionals,” said CenTrak Chief Commercial Officer Wil Lukens. “In the last six months, we’ve witnessed a significant increase in demand for these solutions from customers intending to leverage their existing CenTrak systems as well as those making new location services investments primarily for the purpose of protecting their employees.”
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Key questions answered in the report:
What will the market growth rate of Real-time Location System(RTLS) market in 2024?
What are the key factors driving the global Real-time Location System(RTLS) market?
What are sales, revenue, and price analysis of top manufacturers of Real-time Location System(RTLS) market?
Who are the distributors, traders and dealers of Real-time Location System(RTLS) market?
Who are the key manufacturers in Real-time Location System(RTLS) market space?
What are the Real-time Location System(RTLS) market opportunities and threats faced by the vendors in the global Real-time Location System(RTLS) market?
What are sales, revenue, and price analysis by types and applications of Real-time Location System(RTLS) market?
What are sales, revenue, and price analysis by regions of Real-time Location System(RTLS) market?
What are the market opportunities, market risk and market overview of the Real-time Location System(RTLS) market?
Major Points in Table of Contents:
Global Real-time Location System(RTLS) Market Report 2019
1 Real-time Location System(RTLS) Product Definition
2 Global Real-time Location System(RTLS) Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Real-time Location System(RTLS) Shipments
2.2 Global Manufacturer Real-time Location System(RTLS) Business Revenue
2.3 Global Real-time Location System(RTLS) Market Overview
3 Manufacturer Real-time Location System(RTLS) Business Introduction
3.1 Stanley Healthcare Real-time Location System(RTLS) Business Introduction
3.1.1 Stanley Healthcare Real-time Location System(RTLS) Shipments, Price, Revenue and Gross profit 2014-2019
3.1.2 Stanley Healthcare Real-time Location System(RTLS) Business Distribution by Region
3.1.3 Stanley Healthcare Interview Record
3.1.4 Stanley Healthcare Real-time Location System(RTLS) Business Profile
3.1.5 Stanley Healthcare Real-time Location System(RTLS) Product Specification
3.2 Ekahau Real-time Location System(RTLS) Business Introduction
3.2.1 Ekahau Real-time Location System(RTLS) Shipments, Price, Revenue and Gross profit 2014-2019
3.2.2 Ekahau Real-time Location System(RTLS) Business Distribution by Region
3.2.3 Interview Record
3.2.4 Ekahau Real-time Location System(RTLS) Business Overview
3.2.5 Ekahau Real-time Location System(RTLS) Product Specification
3.3 Zebra Technologies Real-time Location System(RTLS) Business Introduction
3.3.1 Zebra Technologies Real-time Location System(RTLS) Shipments, Price, Revenue and Gross profit 2014-2019
3.3.2 Zebra Technologies Real-time Location System(RTLS) Business Distribution by Region
3.3.3 Interview Record
3.3.4 Zebra Technologies Real-time Location System(RTLS) Business Overview
3.3.5 Zebra Technologies Real-time Location System(RTLS) Product Specification
3.4 CenTrak Real-time Location System(RTLS) Business Introduction
3.5 IBM Real-time Location System(RTLS) Business Introduction
3.6 Intelleflex Real-time Location System(RTLS) Business Introduction
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Last Updated February 12, 2020