What is Real-Time Location Systems?
RTLS stands for Real Time Location Systems, and it refers to any system that can accurately establish the location of an item or a person. RTLS is a goal that can be achieved with a variety of systems for identifying and managing assets, rather than a single type of system or technology. The time at which assets are tracked is a crucial part of RTLS, and this data can be used in a variety of ways depending on the application. RTLS is usually built into a device, such as a phone or a navigation system.
The market study is broken down, by Application (Inventory/Asset Tracking & Management, Personnel/Staff Locating & Monitoring, Access Control & Security, Environmental Monitoring, Yard, Dock, Fleet, & Warehouse Management & Monitoring, Supply Chain Management & Operational Automation/Visibility and Others) and major geographies with country level break-up.
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Real-Time Location Systems market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Stanley Black & Decker (United States), Zebra Technologies (United States), Aruba Networks (United States), Impinj (United States), Savi Technology (United States), TeleTracking Technologies (United States), AiRISTA (United States), Ubisense Group (United Kingdom), Decawave (Ireland) and Litum Technologies (Turkey) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Real-Time Location Systems market by Type, Application and Region.
On the basis of geography, the market of Real-Time Location Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vertical, the sub-segment i.e. Healthcare will boost the Real-Time Location Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. RFID will boost the Real-Time Location Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct Channel will boost the Real-Time Location Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offering, the sub-segment i.e. Hardware will boost the Real-Time Location Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In 2020, Impinj introduced the Impinj R700 reader, designed for enterprise-grade RAIN deployments. The Impinj R700 reader delivers industry-leading performance with the best receive sensitivity, fastest network connectivity, and powerful edge processing for next-generation IoT solutions.
Market Trend
- Rising Demand in Healthcare Industry
Market Drivers
- Growing Popularity of Ultra-Wideband Technology-Based on RTLS Solutions
Opportunities
- Rising Need for Contact-Tracing Solutions
Restraints
- High Cost of Installation
Challenges
- Lack of Appropriate Knowledge
- Less Awareness about RTLS
Key Target Audience
Real-Time Location Systems Provider, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.