Real-Time Location System (RTLS) Market Size to Reach USD 23.13 Billion by 2026 - Valuates Reports - Seite 2

RTLS MARKET SHARE ANALYSIS

• The hardware segment holds the largest RTLS market share in 2018 based on components and is expected to retain its dominance over the forecast period. This dominance of the hardware segment can be attributed to the abundance of affordably priced sensors, increased understanding of the benefits of RTLS technology, and increased Wi-Fi adoption across various end-user industries.
• Healthcare has become the leading industry to adopt RTLS solutions and is projected to continue to retain a major chunk of the RTLS market share over the forecast period. This is due to the early adoption of RTLS-based technologies for a wide variety of healthcare applications such as asset tracking and monitoring, workers, and patients; handheld hygiene compliance; and environmental monitoring. These factors, along with the growth of IoT in healthcare, have made healthcare to be a key vertical in the RTLS market.
• In terms of region, due to high technological awareness, North America is expected to hold a substantial RTLS market share over the forecast period. Furthermore, the growing trend in the adoption of real-time location systems in government applications and several other industries is also expected to boost the region's RTLS market share.
• Due to the untapped applications of RTLS solutions in various industries in APAC, the APAC market is expected to grow at the highest CAGR during the forecast period.

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KEY MARKET SEGMENTS

By Component

• Hardware
• Software
• Service.

By Technology

• Ultra-Wideband
• Wi-Fi
• RFID
• ZigBee
• Infrared
• Others.

By Industry Vertical

• Transportation & Logistics
• Healthcare
• Retail
• Manufacturing & Processing
• Others.

Key Market Players

• CenTrak
• DecaWave Limited
• Lockheed Martin Corporation
• Redpine Signals, Inc.
• Sonitor Technologies
• Stanley Black & Decker, Inc.
• TeleTracking Technologies, Inc.
• Ubisense Ltd.
• Versus Technology, Inc.
• Zebra Technologies Corp
• Others.

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