Real Time Location System (RTLS) Market - Forecast(2019 - 2024)

Report Code: ESR 0037 Report Format: PDF + Excel Database
Global RTLS Market Overview

Real Time Location Systems (RTLS) are opted to track the location of objects, assets, or individuals in real time monitoring. This is done by embedding tags to the object being tracked. The signals sent by the tags are received by fixed receivers or readers to identify the location. The Global RTLS Market is estimated to grow at a CAGR of 14.7% during the forecast period 2018–2024. APAC is projected to be the fastest growing market with a CAGR of 17.5%, which can be attributed to the increasing adoption fuelled by the drop in the prices of the RTLS systems lately.

Global RTLS Market Outlook

RTLS is typically designed so as to improve the operational processes, workflows, safety, security, inventory management, or a combination of all of these. Application of real-time tracking system for detecting live location of any object or person has proven to be of great assistance in diverse industries such as manufacturing, logistics, healthcare, defense, and so on. According to IndustryARC findings, the health care industry is estimated to hold the major share of the RTLS market in the end user vertical segment during the forecast period 2018–2024

Global RTLS Market Growth Drivers

The growing technological advancements, which result in lower prices and improved efficiencies, are set to propel the market. Regions such as APAC are highly priced sensitive market and the drop in prices have spurred the adoption in the region. Additionally, RTLS has evolved over the years and are now finding a wide range of new applications across various industry verticals such as sports, agriculture, livestock management, and others. These present excellent growth opportunities for the RTLS market.

Global RTLS Market Challenges 

Despite strong growth factors, the market for RTLS is facing challenges in the form of privacy and security concerns in terms of data collected via the technology and sharing it with the third parties. Additionally, the high cost involved initially in the setup of the infrastructure is making small and medium sized firms hesitant in taking up the technology.

Real Time Location System Market

Global RTLS Market Research Scope

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Global RTLS Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. 

Global RTLS Market Report: Industry Coverage

By Component — Tags, Software, Sensors, & services

By Technology — Active RFID, Passive RFID, Bluetooth, GPS, Ultra Wideband, Infrared, Ultrasound, Wi-Fi and Zigbee

By Industry Verticals — Manufacturing, Logistics, Healthcare, Defense, Security, and Others

By Application — Asset/Inventory Tracking, Work in progress tracking (WIP), Vehicle/Fleet Tracking, Shipping Containers Tracking, Personnel tracking, Patients activity tracking.

The Global RTLS Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Argentina, Chile, Others
  • Europe: The U.K., Germany, France, Italy, others
  • APAC: China, South Korea, Japan, Australia, others
  • Rest of the World: The Middle East and Africa

Global RTLS Market Key Players 
Some of the key players mentioned in this report are Intelleflex Corporation (U.S.), Ubisense Group Plc (U.K.), Radianse Inc. (U.S.), Oatsystems Inc. (U.S.), Visonic Technologies Ltd. (Israel), and others.

Global RTLS Market Trends

  • In November 2018, Ubisense Group PLC sold its RTLS smart space business including the Ubisense brand to a firm that is controlled by funds managed by Investcorp Technology Partners. The company has revealed its plans to be a focused geo spatial software company hereon. 
  • One of the major acquisitions in the Global RTLS Market includes Ekahau’s sale of its RTLS business to AiRISTA Flow in 2017. This has resulted in Ekahau’s product line to feature only  Wi-Fi design tools. 
  • Lockheed Martin has partnered with OnyxBeacon for the installation of Bluetooth Low Energy (BLE) based RTLS for its warehouses in Orlando. Lockheed Martin will use the technology to track the packages of components.

Key Questions Addressed in the Global RTLS Market Report

1. Is the market for RTLS growing? How long will it continue to grow and at what rate? 
2. Is there a possibility for change in the market structure over time? 
3. Are additional developments needed for the existing product or services offerings or do the existing products meet the customer demands? 
4. Do the key vendors look for partnerships to expand their businesses with respect to geography or product? 
5. What is the current status of the Global RTLS Market in different countries? 
6. Which are the major relevant product segments within RTLS? 
7. What are the short-term, long-term, and medium-term growth drivers for the market? 
8. What are the short-term, medium-term, and long-term challenges for the market? 
9. What are the short-term, medium-term, and long-term opportunities for the market? 
10. Who are the top players/companies of the market? 
11. What are the recent innovations in the market? 
12. How many patents have been filed by the leading players? 
13. What are the types of patents filed by the leading players? 
14. What is the futuristic scenario for the adoption of RTLS? 
15. What is our Vision 2030 for the Global RTLS Market?

A few focus points of this Research are given below:

  • Give a deep-dive analysis of the key operational strategies with focus on the corporate structure, R&D strategies, localization strategies, production capabilities, and sales performance of various companies
  • Provide an overview of the product portfolio, including product planning, development, and positioning
  • Discuss the role of technology companies in partnerships
  • Explore the regional sales activities
  • Analyze the market size and give the forecast for current and future of RTLS  during the forecast period 2018–2023
  • Analyze the competitive factors, competitors’ market shares, product capabilities, and supply chain structures

IndustryARC Research Best Practices

The Global RTLS Market size is evaluated based on the number of products per organization type along with the varying price points pertaining to specific applications. These were identified as key informational conjectures for market estimation in 2017/2018.

The Global RTLS Market share is thoroughly checked against all data points that have been incorporated and rechecked against various data sources. Various C-level executives and key opinion leaders are contacted for verification of the data.

The Global RTLS Market forecast and growth rate are achieved by applying the time series forecasting methodology on the various factors. The market forecast and growth rate are further backed with historical trends of the market along with a regressive mathematical model that assesses the value based on factors such as capital expenditure, equipment lifespan, R&D investments, and so on.

The Global RTLS Market demand has been researched taking into account the prominent economies across the different geographic regions to understand their corresponding impact on the market.

The Global RTLS Market drivers are evaluated for short-term, medium-term, and long-term based on the different market dynamics impacting the market.

The Global RTLS Market challenges are evaluated for short-term, medium-term, and long-term based on the different market dynamics impacting the market.

The Global RTLS Market trends have been analyzed taking into consideration the micro and macro trends prevalent in various geographies.

The Global RTLS Market outlook provides a brief overview of the market performance and anticipated change in market dynamics. 

The Global RTLS Market analysis also involves the identification of new companies that have entered the market scenario and their impact on the market dynamics in the future. 
1. Global RTLS Market – Market Overview 
    1.1. Definitions and Scope 
2. Global RTLS Market – Executive Summary 
    2.1. Market Revenue, Market Size and Key Trends by Company 
    2.2. Key Trends by Type of Application 
    2.3. Key Trends Segmented by Geography 
3. Global RTLS Market – Market Landscape
    3.1. Market Share Analysis
    3.2. Comparative analysis 
        3.2.1. Product Benchmarking – Top 10 Companies 
        3.2.2. Top 5 Financials Analysis 
        3.2.3. Market Value Split by Top 10 Companies 
        3.2.4. Patent Analysis – Top 10 Companies 
        3.2.5. Pricing Analysis 
4. Global RTLS Market — Market Forces 
    4.1. Market Drivers 
    4.2. Market Constraints  and Challenges 
    4.3. Attractiveness of the market
        4.3.1. Bargaining Power of Suppliers 
        4.3.2. Bargaining Power of Customers 
        4.3.3. Threat of New Entrants 
        4.3.4. Threat of Substitutes 
        4.3.5. Degree of Competition
5. Global RTLS Market – Strategic Analysis 
    5.1. Value Chain Analysis 
    5.2. Pricing Analysis
    5.3. Opportunities Analysis 
    5.4. Product Life Cycle/Market Life Cycle Analysis
    5.5. Suppliers and Distributors
6. Global RTLS Market – By Component (Market Size – $Million/$Billion)
    6.1. Segment Type Size and Market Share Analysis 
    6.2. Application Revenue and Trend by Component
    6.3. Product  Segment Analysis by Component
        6.3.1. Tags
        6.3.2. Software
        6.3.3. Sensors
        6.3.4. Others
7. Global RTLS Market – By Technology (Market Size – $Million/$Billion)
    7.1. Segment Type Size and Market Share Analysis 
    7.2. Application Revenue and Trend by Component
    7.3. Product  Segment Analysis by Component
        7.3.1. Active RFID
        7.3.2. Passive RFID/UHF
        7.3.3. Bluetooth
        7.3.4. GPS
        7.3.5. UWB (Ultra Wide Band)
        7.3.6. Wifi
        7.3.7. Infrared
        7.3.8. Zigbee
        7.3.9. Ultrasound
        7.3.10. Others
8. Global RTLS Market – By Application (Market Size – $Million/$Billion)
    8.1. Segment Type Size and Market Share Analysis 
    8.2. Application Revenue and Trends by Application Type
    8.3. Application Segment Analysis by Type
        8.3.1. Asset/Inventory Tracking
        8.3.2. Work In Progress Tracking
        8.3.3. Vehicle/Fleet Tracking
        8.3.4. Shipping Containers Tracking
        8.3.5. Personnel Tracking
        8.3.6. Patients Activity Tracking
        8.3.7. Others
9. Global RTLS Market – By End Use Vertical (Market Size – $Million/$Billion)
    9.1. Segment Type Size and Market Share Analysis 
    9.2. Application Revenue and Trend by Component
    9.3. Product  Segment Analysis by Component
        9.3.1. Manufacturing
        9.3.2. Logistics
        9.3.3. Healthcare
        9.3.4. Personal Security
        9.3.5. Defense
        9.3.6. Others
10. Global RTLS Market – By Geography (Market Size – $Million/$Billion)
    10.1. Global RTLS – North America Segment Research
    10.2. North America Market Research (Market Size – $Million/$Billion)
        10.2.1. Segment type Size and Market Size Analysis 
        10.2.2. Revenue and Trends
        10.2.3. Application Revenue and Trends by Type of Application
        10.2.4. Company Revenue and Product Analysis
        10.2.5. North America Product type and Application Market Size
                10.2.5.1. U.S
                10.2.5.2. Canada
                10.2.5.3. Mexico
    10.3. Global RTLS – South America Segment Research
    10.4. South America Market Research (Market Size – $Million/$Billion)
        10.4.1. Segment type Size and Market Size Analysis 
        10.4.2. Revenue and Trends
        10.4.3. Application Revenue and Trends by Type of Application
        10.4.4. Company Revenue and Product Analysis
        10.4.5. South America Product type and Application Market Size
                10.4.5.1. Brazil
                10.4.5.2. Argentina
                10.4.5.3. Chile
                10.4.5.4. Others
    10.5. Global RTLS - Europe Segment Research
    10.6. Europe Market Research (Market Size – $Million/$Billion)
        10.6.1. Segment Type Size and Market Size Analysis 
        10.6.2. Revenue and Trends
        10.6.3. Application Revenue and Trends by type of Application
        10.6.4. Company Revenue and Product Analysis
        10.6.5. Europe Segment Product type and Application Market Size
                10.6.5.1. U.K
                10.6.5.2. Germany
                10.6.5.3. Italy
                10.6.5.4. France
                10.6.5.5. Others
    10.7. Global RTLS – APAC Segment Research
    10.8. APAC Market Research (Market Size – $Million/$Billion)
        10.8.1. Segment Type Size and Market Size Analysis 
        10.8.2. Revenue and Trends
        10.8.3. Application Revenue and Trends by Type of Application
        10.8.4. Company Revenue and Product Analysis
        10.8.5. APAC Segment – Product type and Application Market Size
                10.8.5.1. China
                10.8.5.2. South Korea
                10.8.5.3. Japan
                10.8.5.4. Australia
                10.8.5.5. Others
    10.9. Global RTLS – RoW Segment Research
    10.10. RoW Market Research (Market Size – $Million/$Billion)
        10.10.1. Segment Type Size and Market Size Analysis 
        10.10.2. Revenue and Trends
        10.10.3. Application Revenue and Trends by Type of Application
        10.10.4. Company Revenue and Product Analysis
        10.10.5. RoW Segment – Product type and Application Market Size
                10.10.5.1. Middle East
                10.10.5.2. Africa
11. Global RTLS Market — Market Entropy 
    11.1. New Product Launches 
    11.2. M&As, Collaborations, JVs and Partnerships 
12. Global RTLS Market – Industry/Segment Competition Landscape 
    12.1. Market Share Analysis 
    12.2. Best Practices for Companies  
13. Global RTLS Market – Company Analysis 
    13.1. Market Share, Company Revenue, Products, M&As, Developments 
        13.1.1. Ekahau Inc.
        13.1.2. Intelleflex Corporation
        13.1.3. Ubisense Group Plc
        13.1.4. Radianse Inc.
        13.1.5. Oatsystems Inc.
        13.1.6. Visonic Technologies Ltd.
        13.1.7. Skytron LLc
        13.1.8. Centrak Inc.
        13.1.9. Identisys
        13.1.10. Zebra Technologies Corporation 
        13.1.11. Company 11
        13.1.12. Company 12 and more
"*Financials of private companies will be provided on a best-efforts basis" 
14. Global RTLS Market – Appendix 
    14.1. Abbreviations 
    14.2. Sources 
15. Global RTLS Market – Research Methodology 
    15.1. Research Methodology 
        15.1.1. Company Expert Interviews 
        15.1.2. Industry Databases 
        15.1.3. Associations 
        15.1.4. Company News 
        15.1.5. Company Annual Reports 
        15.1.6. Application Trends 
        15.1.7. New Products and Product Database 
        15.1.8. Company Transcripts 
        15.1.9. R&D Trends 
        15.1.10. Key Opinion Leaders Interviews 
        15.1.11. Supply and Demand Trends
List of Tables

In this report tables are not available

List of Figures

Figure1 GLOBAL RTLS MARKET SHARE, BY COMPANY, 2018 (%)
Figure2 Real Time Location System, Granted Patents, 2014–2019
Figure3 Real Time Location System, Granted Patents, By Country (%)
Figure4 GLOBAL RTLS MARKET SHARE, BY END USERS, 2018 (%)
Figure5 Global RTLS Market Value Chain
Figure6 Global RTLS Market Growth Rate- By Component, 2018-2024 (%)
Figure7 Global RTLS Market Growth Rate- By Technology, 2018-2024 (%)
Figure8 Global RTLS Market Growth Rate- By End User Vertical, 2018-2024 (%)
Figure9 Global RTLS Market Growth Rate- By Application, 2018-2024 (%)
Figure10 North America RTLS Market CAGR, By Country, 2018–2024 (%)
Figure11 South America RTLS Market CAGR, By Country, 2018–2024 (%)
Figure12 Europe Holographic Near Eye Display Market CAGR, By Country, 2018–2024 (%)
Figure13 APAC RTLS Market CAGR, By Country, 2018–2024 (%)
Figure14 RoW RTLS Market CAGR, By Region, 2018–2024 (%)
Figure15 RTLS Market Development Share, By Strategies, 2014–2018* (%)