Market Size (2018)
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Market Research ReportPremium
REAL TIME LOCATION SYSTEM RTLS Market
By Segment, By Region, And Segment Forecasts, 2013 – 2028
Vertical: ICTBase Year: 20189 Sections
Vertical: ICTBase Year: 20189 Sections
Market Size (2018)
—
Projected (2028)
—
CAGR (2013–2028)
N/A
Key Players
11+
Real-time location systems (RTLS)have application in various industries such as healthcare, industrial manufacturing, retail, government and transportation & logistics, as these systems offers asset management, high efficiency and enhance workflow. Moreover, these systems provide the information in real-time, making and are used for tracking, locating, and monitoring the activity of people or equipment indoors. The global real-time location management systems market was accounted to have a market of 1,875.2 million in 2018 and is estimated to grow with a CAGR 28.7% during the forecast period of 2019—2028, with a market value of 23,094.2 million in 2028. The increasing demand for RTLS in healthcare industry is considered as a major factor for driving the market. RTLS has shown potential to transform hospital processes such as asset temperature monitoring, bed capacity management, patient/provider workflow, patient elopement, security, and other location-dependent applications. RTLS enables a more accurate assessment of the exact number, location, and functionality of medical devices which has enabled hospitals to focus on improving patient care and reduce capital expenses. These systems also identify and manage inefficient use of human resources. Moreover, increasing demand for RTLS due to the adoption of industry 4.0 is another factor that drives the market.
Various industries are spending on IoT due to the rapid development of technologies including IoT, artificial intelligence There is a rise in demand for asset tracking solutions such as RTLS in manufacturing due to the benefits it has offered in terms of providing full visibility of assets, processes, resources, and products.
The real-time location system market has been segmented based on types and applications. The type segment is further segmented as Radio Frequency Identification (RFID), Wi-Fi, ultrasound, infrared, and ZigBee (Bluetooth Low Energy). RFID accounts the largest market share by type segment with 46.5% in 2018 and is accounted to grow with a CAGR of 26.7% during the forecast period 2019—2028. Furthermore, the applications segment has been segmented as healthcare, government and defence, transportation & logistics, industrial manufacturing, and retail. The healthcare industry holds the largest market due to high demand of the systems for tracking and monitoring devices and individuals.
North America accounts for the largest market share in the global real-time location system (RTLS) market due to rising adoption of RTLS products and services in the US, Canada and Mexico. In 2018, North America holds the 50.7%. share of the global market. Moreover, the presence of various key players in the region such as IBM Corporation, Zebra Technologies Corporation, STANLEY Healthcare, and General Electric Company are contributing in the growth of the real time locations system market. US holds the largest market share in North America with a market value of USD 815.6 million in 2018 and is accounted to grow with a CAGR 21.3% during the forecast period of 2019—2028. However, Asia-Pacific is considered to be the fastest growing market growing with a CAGR 34.0% during the forecast period of 2019—2028. The Asia-Pacific market in 2018 has a value of USD316.3 million in 2018 and is expected to reach USD 5,728.0 million in 2028. The presence of various developed and developing countries in the region such as China, Japan, India, South Korea and others drives the market. The continuous development of IT infrastructure across the region and increasing demand for asset tracking and monitoring across healthcare, retail, transportation, and industrial sectors is increasing in the region leading to drive the market.
REAL TIME LOCATION SYSTEM RTLS Market is a key focus area for market intelligence and strategic research.
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View Subscription PlansReal-time locating systems are precise positioning systems that enable user to identify and track objects and people by providing the information through automatic and continuous feedback. It is a fully automated Wi Fi based tracking system which uses wireless technology such as ultra-wideband, RFID, GPS and other to detect presence and location of things and people. RTLS is widely used from defense to healthcare as it helps in reducing the search time, misplacement of things, idle time thereby improving operational efficiency and productivity.
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View Subscription Plans1.1 Research Process
Wantstats research is conducted by industry experts who offer insight into industry structure, market segmentations, technology assessment, competitive landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~ 80%) and secondary research (~ 20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years, by analyzing historical trends and current market positions. Furthermore, the varying trends of segments & categories geographically presented are studied and are estimated based on primary & secondary research.
1.1 Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and the industry performance. In this report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players who are active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next five to ten years.
1.1 Secondary Research
Secondary research was mainly used to collect and identify information useful for extensive, technical, market-oriented, and commercial study of the real time location system (RTLS) market. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, & developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, some paid databases and many others.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent submarkets of the overall real time location system (RTLS) market. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research. This entire procedure included the study of the annual and financial reports of top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market have been covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data has been consolidated and added with detailed inputs and analysis from Wantstats and has been presented in this report.
Base Year
2018
Historical Period
2013 – 2017
Forecast Period
2019 – 2028
Primary Interviews
150+
Historical data (2013–2018) and forecast period (2018–2028)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
The global real-time location system (RTLS) market is characterized by the presence of a number of global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. growing applications of location tracking in healthcare and increasing demand for RTLS due to the adoption of Industry 4.0 are key factors driving the market growth.
The market share analysis is derived by considering various factors such as financial position, segmental R&D investment, brand value, RTLS product portfolio, strategy analysis, and, and key innovations in the RTLS market. The major players holding a prominent position in the RTLS market are STANLEY Healthcare, Siemens AG, Zebra Technologies, GE Healthcare, IBM Corporation, and others.
The global real-time location system (RTLS) market is characterized by the presence of a number of global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. growing applications of location tracking in healthcare and increasing demand for RTLS due to the adoption of Industry 4.0 are key factors driving the market growth.
The market share analysis is derived by considering various factors such as financial position, segmental R&D investment, brand value, RTLS product portfolio, strategy analysis, and, and key innovations in the RTLS market. The major players holding a prominent position in the RTLS market are STANLEY Healthcare, Siemens AG, Zebra Technologies, GE Healthcare, IBM Corporation, and others.
According to Wantstats analysis, STANLEY Healthcare is the leading company in the real-time location system (RTLS) market. The company has a wide customer base and strong global presence majorly in Europe and North America. It has considerable support from its parent company Stanley Black & Decker, Inc. which has contributed towards making it the top player in RTLS market. The acquisition of Aeroscout has resulted in an increase in its portfolio of RTLS solutions. It serves more than 5000 hospitals. Its RTLS solutions have helped hospitals to optimize staff and patient flow. It also sells healthcare solutions that include infant protection, patient protection, asset tracking, and emergency call products. It continuously makes product developments and partnerships to increase its market presence and stay competitive in the market.
Siemens AG has occupied the second position in the global RTLS market. Its Siemens Healthiness business division is one of the world’s largest suppliers of technology to the healthcare industry. Its primary RTLS product includes SIMATIC RTLS that helps the enterprises to monitor component use, control mobile robots, navigate material flows, and fully document the final product assembly. With its acquisition of Agilion GmbH, a supplier of RTLS, the company marks its presence in RTLS industry and has gained a significant market share due to Agilion’s RTLS products. It has positioned itself as the only company to provide products that address the entire value chain and can test hundreds of prototypes simultaneously. The company has a wide geographic presence and partner network that helps it to stay competitive in the RTLS market.
Zebra Technologies has occupied third position global RTLS market. The company has a strong geographic presence in over 180 countries, having 109 facilities worldwide. The high market acceptance of the RTLS products, long-lasting relationship with the customers, and an extensive network of channel partners has provided the company, a key competitive advantage in the market. It emphasizes product innovation and having deep industry expertise that helps it to develop a broad portfolio of products and services. It sells its products directly and by the network of channel partners. The company focuses on both organic and inorganic investments, including highly selective acquisitions to stay competitive in the market.
General Electric Company has occupied the fourth position in the global RTLS market. The company provides its RTLS products through its subsidiary, GE Healthcare. The company launched the RTLS product Encompass in 2017. GE Healthcare comprises 53,000 employees and serves around 140 countries globally. It collaborates with the other companies to provide its solutions across different industries. The company continues to develop its products and solutions with the help of its strong research and development capabilities.
IBM Corporation has occupied the fifth position in the global RTLS market. It is a leading company in the IT sector and primarily follows an inorganic growth strategy for the development of its products by acquiring other companies in the field. Its continuous investments in technology innovation improve its competitive position and profit dynamics. The company also signs several contracts with organizations to provide RTLS asset tracking solutions. It has made partnerships with various companies such as Versus Technology to provide RTLS solutions in the healthcare sector that helps it to increase its market presence
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Analytical insights on REAL TIME LOCATION SYSTEM RTLS Market covering market dynamics, competitive landscape, and strategic outlook.
REAL TIME LOCATION SYSTEM RTLS Market represents a significant market opportunity with multiple growth drivers across regions and segments.
1.1 Drivers Growing Applications of Location Tracking in Healthcare
The introduction of location tracking technologies such as real-time location system (RTLS) and indoor positioning system (IPS) in healthcare has opened up a vast array of possibilities for managing hospital resources. Along with automating the process of tracking clinical equipment, RTLS has shown potential to transform hospital processes such as asset temperature monitoring, bed capacity management, patient/provider workflow, patient elopement, security, and other location-dependent applications. There is an overwhelming perception of a shortage of medical equipment in the majority of hospitals around the world. According to Sonitor, in the US, the expense of USD 4000 is incurred in productivity of hospitals staff such as biomedical engineers, doctors, and nurses while searching for lost equipment. This leads to a tendency of hoarding equipment which adds to the perception of equipment shortage in hospitals. According to Sonitor, it is estimated that around 10–20% of excess equipment are purchased by hospitals across the globe due to lost assets. The US alone spends over USD 2 trillion annually in the development of its healthcare infrastructure and its advancement. Hospitals are slowly realizing that they may be spending more money than required on purchasing equipment that eventually end up lost or hoarded.
The introduction of RTLS enables a more accurate assessment of the exact number, location, and functionality of medical devices which has enabled hospitals to focus on improving patient care and reduce capital expenses and identify and manage inefficient use of human resources. Moreover, RTLS has provided a large number of benefits in terms of improving worker safety in hospitals. According to Sonitor, 50–80% of healthcare workers across the globe have been victims of workplace violence. In this regard, these systems have improved safety in hospitals by introducing patient and worker tracking features. The increased demand for location tracking systems in hospital and clinics due to the benefits they offer in terms of cost saving and improving safety are expected to drive the growth of real-time location system market during the forecast period. Increasing Demand for RTLS Due to the Adoption of Industry 4.0
There is an exponential increase in IoT spending by companies in the manufacturing segment across the globe. Industrial processes are increasingly getting automated due to the rapid development of technologies including IoT, artificial intelligence (AI), machine learning, and virtual reality. There is a rise in demand for asset tracking solutions such as RTLS in manufacturing due to the benefits it has offered in terms of providing full visibility of assets, processes, resources, and products. These systems have enabled streamlined business operations, optimized productivity and improved ROI which has further increase their demand in the manufacturing market. Manufacturers are moving towards implementing connected equipment while integrating diverse industrial data and securing industrial systems for the entire lifespan of the equipment. Smart manufacturing has enabled manufacturers to collect equipment, assets, and employee data automatically which is being analyzed to make better-informed decisions and optimize production. RTLSs are being used to track, monitor, and analyze equipment and employee data to improve the outcomes of manufacturing processes by reducing waste, speeding production, and improving yield and the quality of produced goods. Large-scale manufacturers in countries such as China, US, and India have launched IoT initiatives to strengthen their position in manufacturing.
Manufacturers are connecting their equipment using technologies such as Wi-Fi, Bluetooth, RFID, Low-Power Wide-Area Networks including LoRa and LTE M. RTLS is considered as an essential part of industry 4.0 as it has provided solutions in terms of locating and tracking objects and people, and providing real-time feedback about process performance. Ultra-wideband based RTLS is increasingly being adopted for manufacturing applications due to the provision of optimal range and location precision. The increased demand for RTLS due to the adoption of smart manufacturing is expected to drive the growth of the global real-time location system (RTLS) market during the forecast period.
1.1 Restraints Concerns Regarding Data Security and Privacy
The threats of cyber-attacks have been prevalent, especially in the healthcare sector, in recent years. Cyber-attacks ranging from ransomware to data breaches have been a major concern for organizations looking to implement RTLS entry points into their network and systems. RTLSs consist of two major components: software and hardware. The software component of the RTLS system requires robust protection with firewalls, encryption, authentication, regular OS updates which are normally required for any other software used in healthcare systems. For cloud based RTLS, security becomes a primary concern as the data accessed by RTLSs may consist of private information of patients and employees. The infrastructure components of RTLS are considered as its unique aspect and mostly work in closed systems. However, these systems are highly vulnerable to attacks such as man-in-the-middle attacks and replay protection, at the transmission level. Moreover, there are multiple security concerns related to 2-D bar coding which is used in assert tags. 2-D barcoding can enable the increased risk of PC attacks via embedded PC system commands which may migrate to RTLS modalities and platforms. The major concerns regarding data privacy and the level of vulnerability of RTLSs are some factors that are expected to hamper the growth of real-time location system (RTLS) market during the forecast period.
1.1 Opportunity Emergence of Hybrid RTLS
The rising popularity of location tracking services has prompted notable research in the field of hybrid real-time location systems. A hybrid RLTS can integrate multiple location technologies for communications in a single infrastructure. The most popular location technologies for real-time tracking include Bluetooth low energy (BLE), Wi-Fi, ultra-wideband (UWB), active and passive RFID, and GPS (Global positioning system). The increasing need for providing a seamless transaction between indoor and outdoor location tracking has prompted research to combine location tracking technologies such as RFID and GPS. RFID tags offer ideal real-time indoor tracking solutions whereas real-time tracking for outdoor applications through GPS is unrivaled. Hybrid RTLS offers high versatility in terms of location accuracy of different assets which is expected to accelerate the implementation of hybrid solutions in the coming years. Another pair of location technology which perfectly complement each other when integrated together include UWB and BLE. UWB technology offers high accuracy of tracking, however, it is unaffordable due to highly expensive UWB tags. Bluetooth low energy eliminates this shortcoming by offering relatively inexpensive tags for asset tracking. Hybrid RTLS has also proposed to integrate multiple other location technologies such as active and passive RFID tags which are expected to present significant growth opportunities in the global real-time location system (RTLS) market.
1.2 Upstream and Downstream Analysis of Real-Time Location System (RTLS) Upstream Analysis of Real-Time Location System (RTLS)
According to Wantstats analysis, the upstream analysis of real-time location system (RTLS) refers to all the activities needed to procure raw materials required to create finished real-time location system product. The upstream stage in real time location system involves searching for and extracting raw materials required to build real-time location analysis systems. Key players in real-time location system (RTLS) work with raw material suppliers to acquire materials and manage real-time inventory and visibility of raw materials for efficient manufacturing of RTLS devices. Labor Cost
Labor costs analysis for RTLS system market includes the compensation paid by a company to its laborers at various levels of the manufacturing process. This enables key players to analyze labor-related expenses incurred and to take measured cost-effective approach for labor cost management. Manufacturing RTLS involves various stages in terms of hardware and software integrations with the help of system integrators and software developers. More often, labor costs are integral to the organization’s cost of goods and services and contribute significantly to direct wages and overtime pays. With the help of the labor cost analysis, key players are able to evaluate how effective labor cost management can help the organization to stay competitive in the market and accelerate its profitability. By analyzing the payment structure, an enterprise can determine how much is spent on daily, weekly, monthly, or annually on wages and labor expenses. Manufacturing Expenses
Manufacturing Expenses for RTLS include assembling, manufacturing, and testing expenses incurred by an enterprise. These expenses include the cost of materials as well as costs incurred to convert these materials into finished goods. Manufacturing expenses for RTLS are mostly classified into direct materials, direct labor, and manufacturing overhead. Direct material involves the cost of traceable raw materials procured from suppliers or extracted from the environment. Direct labor expenses involve wages and costs by the individuals physically involved in transforming the raw materials into finished products. Manufacturing overheads include other costs and expenses associated with manufacturing activities such as repairs and maintenance or manufacturing equipment, energy and utility costs, and other expenses incurred in the overall manufacturing process. Manufacturing Process
The manufacturing process of RTLS comprises various industrial processes such as casting, forming, molding, final assembling of hardware components, and transforming the raw materials into finished goods. The manufacturing process also involves efficient supply chain management, global manufacturing facilities, and end product testing of RTLS devices. The manufacturing of real-time location systems involves hardware and integration of software. The manufacturers purchase the components and sub-assemblies used in the manufacturing of RTLS systems. Finished products are produced at various production facilities located globally, and the finished goods are then shipped through various distribution channels. Downstream Analysis of Real-Time Location System (RTLS)
According to Wantstats analysis, the downstream analysis of real-time location system (RTLS) refers to all the activities involved in processing the materials acquired during the upstream stage to manufacture a finished product. The downstream stage in a real-time location system also includes the actual selling of the RTLS system to the various end users of the market. This includes elements such as distribution, wholesaling, retailing as well as customer service, which acts as a bridge between the RTLS product and the end users. Downstream processes have more direct contact with the customer through finished products.
Leading Consumers of Real-Time Location System:
Healthcare: Texas Health Resources, Dallas Hospitals, Mayo Clinic, Cleveland Clinic, Singapore General Hospital, Johns Hopkins Hospital, and Toronto General Hospital.
Transportation and Logistics: DHL, FedEx, UPS Supply Chain Solutions, XPO Logistics Inc. and Flipkart Pvt Ltd, and Amazon.com, Inc.
The introduction of location tracking technologies such as real-time location system (RTLS) and indoor positioning system (IPS) in healthcare has opened up a vast array of possibilities for managing hospital resources. Along with automating the process of tracking clinical equipment, RTLS has shown potential to transform hospital processes such as asset temperature monitoring, bed capacity management, patient/provider workflow, patient elopement, security, and other location-dependent applications. There is an overwhelming perception of a shortage of medical equipment in the majority of hospitals around the world. According to Sonitor, in the US, the expense of USD 4000 is incurred in productivity of hospitals staff such as biomedical engineers, doctors, and nurses while searching for lost equipment. This leads to a tendency of hoarding equipment which adds to the perception of equipment shortage in hospitals. According to Sonitor, it is estimated that around 10–20% of excess equipment are purchased by hospitals across the globe due to lost assets. The US alone spends over USD 2 trillion annually in the development of its healthcare infrastructure and its advancement. Hospitals are slowly realizing that they may be spending more money than required on purchasing equipment that eventually end up lost or hoarded.
The introduction of RTLS enables a more accurate assessment of the exact number, location, and functionality of medical devices which has enabled hospitals to focus on improving patient care and reduce capital expenses and identify and manage inefficient use of human resources. Moreover, RTLS has provided a large number of benefits in terms of improving worker safety in hospitals. According to Sonitor, 50–80% of healthcare workers across the globe have been victims of workplace violence. In this regard, these systems have improved safety in hospitals by introducing patient and worker tracking features. The increased demand for location tracking systems in hospital and clinics due to the benefits they offer in terms of cost saving and improving safety are expected to drive the growth of real-time location system market during the forecast period.
The rising popularity of location tracking services has prompted notable research in the field of hybrid real-time location systems. A hybrid RLTS can integrate multiple location technologies for communications in a single infrastructure. The most popular location technologies for real-time tracking include Bluetooth low energy (BLE), Wi-Fi, ultra-wideband (UWB), active and passive RFID, and GPS (Global positioning system). The increasing need for providing a seamless transaction between indoor and outdoor location tracking has prompted research to combine location tracking technologies such as RFID and GPS. RFID tags offer ideal real-time indoor tracking solutions whereas real-time tracking for outdoor applications through GPS is unrivaled. Hybrid RTLS offers high versatility in terms of location accuracy of different assets which is expected to accelerate the implementation of hybrid solutions in the coming years. Another pair of location technology which perfectly complement each other when integrated together include UWB and BLE. UWB technology offers high accuracy of tracking, however, it is unaffordable due to highly expensive UWB tags. Bluetooth low energy eliminates this shortcoming by offering relatively inexpensive tags for asset tracking. Hybrid RTLS has also proposed to integrate multiple other location technologies such as active and passive RFID tags which are expected to present significant growth opportunities in the global real-time location system (RTLS) market.
The threats of cyber-attacks have been prevalent, especially in the healthcare sector, in recent years. Cyber-attacks ranging from ransomware to data breaches have been a major concern for organizations looking to implement RTLS entry points into their network and systems. RTLSs consist of two major components: software and hardware. The software component of the RTLS system requires robust protection with firewalls, encryption, authentication, regular OS updates which are normally required for any other software used in healthcare systems. For cloud based RTLS, security becomes a primary concern as the data accessed by RTLSs may consist of private information of patients and employees. The infrastructure components of RTLS are considered as its unique aspect and mostly work in closed systems. However, these systems are highly vulnerable to attacks such as man-in-the-middle attacks and replay protection, at the transmission level. Moreover, there are multiple security concerns related to 2-D bar coding which is used in assert tags. 2-D barcoding can enable the increased risk of PC attacks via embedded PC system commands which may migrate to RTLS modalities and platforms. The major concerns regarding data privacy and the level of vulnerability of RTLSs are some factors that are expected to hamper the growth of real-time location system (RTLS) market during the forecast period.
Upstream Analysis of Real-Time Location System (RTLS)
According to Wantstats analysis, the upstream analysis of real-time location system (RTLS) refers to all the activities needed to procure raw materials required to create finished real-time location system product. The upstream stage in real time location system involves searching for and extracting raw materials required to build real-time location analysis systems. Key players in real-time location system (RTLS) work with raw material suppliers to acquire materials and manage real-time inventory and visibility of raw materials for efficient manufacturing of RTLS devices.
Labor Cost Labor costs analysis for RTLS system market includes the compensation paid by a company to its laborers at various levels of the manufacturing process. This enables key players to analyze labor-related expenses incurred and to take measured cost-effective approach for labor cost management. Manufacturing RTLS involves various stages in terms of hardware and software integrations with the help of system integrators and software developers. More often, labor costs are integral to the organization’s cost of goods and services and contribute significantly to direct wages and overtime pays. With the help of the labor cost analysis, key players are able to evaluate how effective labor cost management can help the organization to stay competitive in the market and accelerate its profitability. By analyzing the payment structure, an enterprise can determine how much is spent on daily, weekly, monthly, or annually on wages and labor expenses.
Manufacturing Expenses Manufacturing Expenses for RTLS include assembling, manufacturing, and testing expenses incurred by an enterprise. These expenses include the cost of materials as well as costs incurred to convert these materials into finished goods. Manufacturing expenses for RTLS are mostly classified into direct materials, direct labor, and manufacturing overhead. Direct material involves the cost of traceable raw materials procured from suppliers or extracted from the environment. Direct labor expenses involve wages and costs by the individuals physically involved in transforming the raw materials into finished products. Manufacturing overheads include other costs and expenses associated with manufacturing activities such as repairs and maintenance or manufacturing equipment, energy and utility costs, and other expenses incurred in the overall manufacturing process.
Manufacturing Process The manufacturing process of RTLS comprises various industrial processes such as casting, forming, molding, final assembling of hardware components, and transforming the raw materials into finished goods. The manufacturing process also involves efficient supply chain management, global manufacturing facilities, and end product testing of RTLS devices. The manufacturing of real-time location systems involves hardware and integration of software. The manufacturers purchase the components and sub-assemblies used in the manufacturing of RTLS systems. Finished products are produced at various production facilities located globally, and the finished goods are then shipped through various distribution channels.
Downstream Analysis of Real-Time Location System (RTLS)
According to Wantstats analysis, the downstream analysis of real-time location system (RTLS) refers to all the activities involved in processing the materials acquired during the upstream stage to manufacture a finished product. The downstream stage in a realtime location system also includes the actual selling of the RTLS system to the various end users of the market. This includes elements such as distribution, wholesaling, retailing as well as customer service, which acts as a bridge between the RTLS product and the end users. Downstream processes have more direct contact with the customer through finished products.
Leading Consumers of Real-Time Location System:
Healthcare: Texas Health Resources, Dallas Hospitals, Mayo Clinic, Cleveland Clinic, Singapore General Hospital, Johns Hopkins Hospital, and Toronto General Hospital.
Transportation and Logistics: DHL, FedEx, UPS Supply Chain Solutions, XPO Logistics Inc. and Flipkart Pvt Ltd, and Amazon.com, Inc.
Retail: Walmart Inc., Tesco PLC, Carrefour SA, Amazon.com, Inc., and Metro Group AG
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Profiles of 107 companies operating in the REAL TIME LOCATION SYSTEM RTLS Market market, including revenue, employee count, and market positioning where available.
Showing 107 of 107 companies
Company Headquarters: US Founded: 1843 Workforce: ~60,767 Company Working: STANLEY Healthcare (Stanley) is a part of Stanley Black & Decker, a global provider of power tools, hand tools, infrastructure applications, commercial electronic & monitoring systems, healthcare solutions, and related accessories. Stanley helps enterprises to generate meaningful insights, improve operational efficiency, and enhance security and safety. Its solutions are used by over 15,000 healthcare organizations globally. Stanley’s real-time location system technology helps hospitals optimize patient and staff flow for better care of the patients.
Company Headquarters: US Founded: 1911 Workforce: ~2,82,100 Company Working: IBM Corporation is a global provider of integrated business solutions and services. Its Cloud & Cognitive Software division provides software for vertical and domain-specific solutions in a variety of application areas, as well as customer information control system and storage, analytics, and integration software solutions to support client mission on-premises workloads in the banking, airline, and retail industries. It also provides middleware and data platform software, such as Red Hat, which allows clients to run hybrid multi-cloud environments; cloud paks, WebSphere distributed, and analytics platform software, such as DB2 distributed, information integration, and enterprise content management; and IoT, blockchain, and AI/Watson platforms. Business consulting services, packaged software system integration, application management, maintenance, and support services, and finance, procurement, talent and engagement, and industry-specific business process outsourcing services are all available through the company's global business services segment. IT infrastructure and platform services are provided by the company's global technology services business, as well as project, managed, outsourcing, and cloud-delivered services for enterprise IT infrastructure environments and IT infrastructure support services. The cognitive solutions segment offers a cognitive computing platform called Watson, which interacts in natural language, processes big data, and learns from interactions with people and computers. This segment also provides data and analytics solutions, data management platforms, cloud data services, enterprise social software, and transaction processing software that run mission-critical systems in the banking, airline, and retail industries. IBM provides speech recognition products using computer hardware and software-based techniques to identify and process the human voice and convert the spoken words into computer text. Furthermore, the company is also investing heavily in designing and developing automatic speech recognition technology-based products, which are capable of authenticating users via their voice and performing an action based on the instructions defined by the human.
Company Headquarters: US Founded: 2004 Workforce: ~200 Company Working: PINC Solutions (PINC) offers yard management systems, aerial inventory robots and finished vehicle logistics solutions. With the use of PINC’s hardware, software, and services, companies are able to move their goods through a cost-effective, faster, consistent, and efficient supply chain. Its cloud based real-time asset tracking platform is based on Internet of Things (IoT) sensors including passive RFID, GPS, optical, cellular, and other sensors. These IoT sensors allow enterprises to optimize their supply chain execution by providing connected expert guidance and actionable insights about the supply chain. It enables its customers to increase collaboration, enhance service, accelerate velocity, optimize inventory, improve asset utilization, and automate business processes.
Company Headquarters: Austria Founded: 1999 Workforce: ~200 Company Working: Identec Solutions is a global provider of wireless solutions that offers improved efficiency, security, and safety in industrial operating environments. Its industry-specific solutions are built using a robust wireless technology for companies in the mining & tunneling, automotive, oil & gas, and marine & ports sectors. Its RTLS is an RFID-based system for accurate real-time identification and localization of vehicles throughout the entire production process, from final assembly to the delivery of the vehicle. The company provides turn-key solutions based on robust and proven in-house developed hardware and software. The company has a global footprint, with offices in Norway, Austria, the US, and Australia.
Company Headquarters: US Founded: 1987 Workforce: ~200 Company Working: RF Technologies Inc. is one of the leading providers of safety and security solutions for industries such as hospitality, healthcare, and education, leveraging PinPoint RTLS and radio frequency identification (RFID) technologies. The company is the first in the industry to offer remote monitoring, 24/7 technical support, and RF consulting with the help of service team and internal staff specialist. The company has done more than 10,000 installations of its products. Its RTLS technology is designed for smooth and continuous integration with third-party solutions and application software.
Company Headquarters: Norway Founded: 1997 Workforce: ~200 Company Working: Sonitor Technologies Inc. (Sonitor Technologies) develops indoor positioning systems based on patented ultrasonic technology. This technology is helping to detect the location of equipment, staff and smartphones accurately and reliably. Its products can be used in hotels, hospitals, and restaurants, among others. It provides an infrastructure for RTLS, that comprises location transmitters and gateways that use Wi-Fi systems for communication of RTLS data from smart devices, badges, and tags to the server. It also provides software to deliver accurate and reliable location data to ensure enhanced performance and health of the system. Sonitor Technologies Inc. operates as a subsidiary of Sonitor Technologies AS.
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R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Co-Founder, Mojave Rail Fabrication Limited
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Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Sales Operations & Pricing Manager, Intel
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Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Historical performance and future projections (2020–2030, USD Billion)
