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Real-Time Location Systems (RTLS) Market Share

Report ID: GMI6067
Published Date: Jun 2023
Report Format: PDF

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Real-time Location Systems Market Share

Some major companies operating in the real-time location systems market are:

Stanley Black & Decker Inc
Honeywell International Inc
Zebra Technologies Corporation
CenTrak Inc
Savi Technology
AeroScout (Stanley Healthcare)
Ubisense Group plc
Identec Group AG
Sonitor Technologies AS
TeleTracking Technologies Inc
Versus Technology Inc.,
Awarepoint Corporation.

These companies are focused on strategic partnerships and new service launches & commercialization for market expansion. They heavily invest in research to introduce innovative services and garner maximum market revenue.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of real-time location systems (RTLS) was reached USD 4.4 billion in 2022 and will witness 28% CAGR from 2023 to 2032, due to rising usage in smartphones, gaming, communication, and health & wellness applications.

North America held over 45% of the market share in 2022, owing to the growing advances in healthcare, retail, manufacturing, automotive, and transportation & logistics.

The hardware offering segment held 50% of the real-time location systems market share in 2022 and is poised to record over 28% CAGR from 2023-2032 due to the rising need for capturing and transmitting location data accurately and reliably.

Stanley Black & Decker, Inc., Honeywell International Inc., Zebra Technologies Corporation, CenTrak, Inc., Savi Technology, AeroScout (Stanley Healthcare), Ubisense Group plc, Identec Group AG, Sonitor Technologies AS, and TeleTracking Technologies, Inc are some of the major RTLS providers.