Real-time location system (RTLS) is one of many techniques for detecting the current geographic location of a target, possibly from the vehicle to the manufacturing plant. The use of RTLS products for more and more industries, including supply chain management (SCM), health care, military, retail, entertainment and postal and courier services.
The top five companies in the RTLS market are Stanley Healthcare, Zebra Technologies, TeleTracking, Ubisense Group and IBM. These companies held a combined RTLS revenue market share of around 36% in 2016. Stanley Healthcare dominated with 11.98 percent revenue share, followed by Zebra Technologies with 7.63 percent revenue share and TeleTracking with 6.19 percent revenue share.
In terms of revenue generation, the healthcare market for Real-Time Location Systems contributes maximum market share and is estimated to be the major revenue pocket for the global RTLS market. However, the future potential market for real-time location-based solutions includes industrial manufacturing such as automotive manufacturing, aerospace manufacturing & others, and process industries such as mining and oil & gas. These two industry verticals are estimated to be the emerging markets with a promising future and tremendous growth rate over the forecasted period from 2017 to 2022.
In 2017, the global Real-time Location System (RTLS) (Real Time Location Systems) market size was 1900 million US$ and it is expected to reach 10100 million US$ by the end of 2025, with a CAGR of 23.2% during 2018-2025.
The key players covered in this study
Plus Location Systems
Market segment by Type, the product can be split into
Ultra-Wide Band (UWB)
Others (GPS, Bluetooth & Combined)
Market segment by Application, split into
Transportation and Logistics
Government and Defense
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Real-time Location System (RTLS) (Real Time Location Systems) status, future forecast, growth opportunity, key market and key players.
To present the Real-time Location System (RTLS) (Real Time Location Systems) development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Real-time Location System (RTLS) (Real Time Location Systems) are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.