Real-Time Location Systems Market ($18.87Bn by 2028) Growth Forecast at 24.4% CAGR During 2021 to 2028 COVID Impact and Global Analysis by TheInsightPartners.com

The Real-Time Location Systems Market Growth impelled by emergence of IoT and Industry 4.0, growing penetration of ultra-wideband (UWB) technology based RTLS solutions that provide highly accurate positioning data and high accuracy and range with low power consumption.

Pune, INDIA


New York, Sept. 03, 2021 (GLOBE NEWSWIRE) -- Real-Time Location System Market: Key Insights
According to our latest market study on “Real-Time Location System Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Offering, Technology, Industry Vertical, and Application,” the Real-Time Location Systems Market is expected to grow from US$ 4,097.3 million in 2021 to US$ 18,878.4 million by 2028; it is estimated to grow at a CAGR of 24.4% during 2021–2028.

Real-Time Location System Market: Competitive Landscape and Key Developments
Aruba Networks, AiRISTA Flow Inc., and Decawave Limited are among key players profiled during the study of the real-time location system market. In addition, several other essential market players were also studied and analyzed to get a holistic view of the market and its ecosystem.

Get Exclusive Sample Pages of Real-Time Location Systems Market - COVID-19 Impact and Global Analysis with Strategic Insights at https://www.theinsightpartners.com/sample/TIPTE100000390/

In 2021, Ubisense announced a strategic partnership with Advanced Realtime Tracking (ART), a leader in Optical Tracking Systems, to provide sequence control solutions for assembly processes. The SmartSpace technology by Ubisense perfectly complements the ART VERPOSE camera-based vision system, thereby expanding the company's effective portfolio.

Based on offering, the real-time location systems market is segmented into hardware, software, and services. The hardware used for real-time location systems consists of radio frequency identification (RFID), Wi-Fi, ultra-wideband (UWB), Bluetooth low energy (BLE), ultrasound, infrared (IR), and GPS. These components are integrated with software solution to track the assets of organization. For instance, in healthcare industry, the real-time location system is widely used for tracking lifesaving equipment for routine maintenance as well as in emergencies for which assets are tracks using Wi-fi and RFID technology. The hardware provider of real-time location systems partners with software provider to deploy complete solution according to the requirement of end user.

North America dominated the real-time location system market in 2020. Europe was the second-largest contributor to the global market in 2020, followed by APAC. The US, Canada, and Mexico are the key contributors to the real-time location system market in North America. The market growth in the region is attributed to the large number of hospitals and senior living facilities in the US, technological advancements, and rise in asset tracking. In addition, rise in disposable income, advancement of R&D activities, and growing popularity of Wi-Fi and Bluetooth Low Energy are enhancing the market growth in North America. Growing demands for the UWB technology based RTLS solutions from the manufacturing and logistics verticals are also encouraging the regional solution providers to design and develop efficient RTLS systems.

Download Sample PDF Brochure of Real-Time Location Systems Market Growth Research Report at https://www.theinsightpartners.com/sample/TIPTE100000390/

In 2020, Impinj, a manufacturer of radio-frequency identification devices and software, introduced the Impinj R700 reader, which is designed with features such as receive sensitivity, fastest network connectivity, and powerful edge processing for next-generation IoT solutions

Booming Ecommerce Industry to Propel Real-Time Location System Market Growth in Coming Years:
Online shopping is increasing at the fastest pace across the world. Ecommerce sales have been growing at a significant rate over the last decade and are anticipated to grow in the coming years. APAC shows the strongest development and accounts for nearly half of the overall online sales. Besides this, Europe is also a key region supporting e-commerce growth. The e-commerce industry in Europe was worth US$ 425.2 billion in 2020 and is expected to grow by 30% in 2021 according to Finaria. Amazon and other e-retailers have taken over conventional retail. Many shoppers in Europe prefer online shopping platforms, such as Amazon, Target, and Wal-Mart, which is the major reason for the growth of the e-commerce sector in Europe. Increasing demand for making retail cost-efficient and generally faster means that companies need to optimize supply chain management and build robust solutions to meet the demands.

A survey conducted in the UK of 250 distribution, warehouse, and supply chain managers revealed that ~3,000 hours of are lost due to unproductive workflows at distribution centers. The real-time location system proves to be a highly efficient instrument that is used for monitoring and locating goods, as it provides resourceful insights to the distribution center operators to make data-driven decisions rather than relying on educated guesses. Thus, the growing ecommerce industry coupled with the increasing need for making data-driven decisions drives the real-time location system market growth.   

Order a Copy of Real-Time Location Systems Market Shares, Strategies and Forecasts 2021-2028 Research Report at https://www.theinsightpartners.com/buy/TIPTE100000390/

Real-Time Location System Market: Technology Overview
Based on technology, the global real-time location system market is segmented into radio frequency identification (RFID), ultra-wideband (UWB), Bluetooth low energy (BLE), ultrasound, infrared (IR), GPS, and others. The Radio Frequency Identification (RFID) is utilized for tracking and visibility of assets/goods. RFID is a portable memory device on a chip, which replaces UPC (Universal Product Code) as it can store more dynamic information than the earlier UPC. The memory chip can be easily embedded in any kind of assets/goods that is to be considered for tracking. Radio Frequency Communications is employed between an RFID device and a host computer. RFID system comprises a tag that contains data, an antenna to communicate, and a controller that is used to manage the communication between the host computer and the antenna. Industrial, retail, healthcare, and defense are a few industries where RFID finds its applications for tracking application.




Browse Related Reports:
Digital transformation In Logistics Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Services (Operation and maintenance, Implementation and Integration, Consulting and Training); Solution (Software, Hardware); System (Conveyors, Automatic and Retrieval Storage, Automatic Sorters, Automatic Guided Vehicles, Robotic Picking System,); Equipment (RFID readers, Real time location System, Bar code Scanner, Bar Code Printer); Deployment (On premises, Cloud based) and Geography - https://www.theinsightpartners.com/reports/digital-transformation-in-logistics-market

Automotive Anti-Theft System Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Product Type (Steering Lock, Central Locking, Remote Keyless Entry, Immobilizer, Alarm System, Biometric Capture Device); Technology (Real Time Location System (RTLS), Automotive Biometric Technology, Global Positioning System (GPS), Global Radio Frequency Identification, Global System for Communication (GSM), Face Detection System); Vehicle Type (Passenger Car, Commercial Vehicle, Off-Highway Vehicle) and Geography - https://www.theinsightpartners.com/reports/automotive-anti-theft-system-market

Motor Racing Telematics Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Types (Remoteboot System, Remote Location System, Remote Driving System, Others); Networks (Satellite Network, Cellular Network, RF Network); Application (IoT Platform, M2M) and Geography - https://www.theinsightpartners.com/reports/motor-racing-telematics-market

Foot Traffic and Customer Location Intelligence Solution Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution, Services); Application (Workforce Management, Facility Planning and Management, Foot Traffic Analytics, Risk/Security Management); Industry Vertical (Transportation and Logistics, Government and Defense, Retail, Healthcare, Other) and Geography - https://www.theinsightpartners.com/reports/foot-traffic-and-customer-location-intelligence-solution-market

Geographic Information System (GIS) Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Software, Services); Gis Software (Desktop GIS, Server GIS, Developer GIS, Mobile GIS, Others); Function (Mapping, Surveying, Location-based Services, Navigation and telematics, Others); End User (Defense, Agriculture, Oil and Gas, Construction, Utilities, Transportation and Logistics, Others) and Geography - https://www.theinsightpartners.com/reports/geographic-information-system-gis-software-market

Tip Location Devices Market Forecast to 2028 - Covid-19 Impact and Global Analysis - By Product (Systems, Accessories); Technology (X Ray-Fluoroscopy, Electrocardiography (ECG)); End User (Hospitals, Ambulatory Surgical Centers, Catheterization Laboratories), and Geography - https://www.theinsightpartners.com/reports/tip-location-devices-market

Location of Things (LoT) Market to 2027 - Global Analysis and Forecasts by Application (Mapping & Navigation, Asset Management, Location Intelligence, and Media & Marketing); and Industry Vertical (Retail, Industrial, Transportation & Logistics, Government & Utilities, Defense, Media & Entertainment, Healthcare, and Others) - https://www.theinsightpartners.com/reports/location-of-things-lot-market/

Indoor Location Market to 2027 - Global Analysis and Forecasts by Deployment Type (On-Premise and On-Cloud); by Technology (Tags, Nodes, Ultra-Wideband, Bluetooth, Wi-Fi, Visible Light Communication and Radiofrequency Identification); by Components ( Hardware, Software and Services); by Application (Remote Monitoring, Customer Experience Management, Inventory Management, Emergency Response Management, Sales and Marketing Optimization, Risk Management, Predictive Asset Analytics and Others) and Verticals (Hospitality, Retail, Transportation & Logistics, Entertainment, Public Buildings, Manufacturing and Others); and Geography - https://www.theinsightpartners.com/reports/indoor-location-market/




About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
Press Release - https://www.theinsightpartners.com/reports/pr/real-time-location-systems-market-research

Connect With Us on:
LinkedIn: https://www.linkedin.com/company/7591674/admin/
Twitter: https://twitter.com/tipmarkettrends
Facebook: https://www.facebook.com/theinsightpartners/
YouTube: https://www.youtube.com/c/TheInsightPartners
RSS/Feeds: https://www.theinsightpartners.com/feed/