Increasing Use Of Smartphones For Incident Response Boosts The Real-Time Location Systems (RTLS) Market – EIN News


Real-Time Location Systems Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026

The Business Research Company’s Real-Time Location Systems Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026

LONDON, GREATER LONDON, UK, February 24, 2022 / — The increasing demand for smartphones is expected to propel the growth of the global real-time location systems (RTLS) market in the coming years. A smartphone is a portable electronic device that connects to a cellular network. Smartphones enable users to make phone calls, deliver text messages and connect to the internet. The growing population across the globe has led to an increase in the demand for the smartphone. Smartphones are used for incident response and emergency management because of real-time location system innovation, which is used to automatically spot and track the destination of objects or people in real-time. For instance, according to the Mobile User Statistics report, in 2021, there was 3.8 billion smartphone users worldwide, accounting for 48.33% of the global population. According to the real-time location systems (RTLS) market forecast, the increasing demand for smartphones drives the growth of the RTLS market.

Read more on the Global Real-Time Location Systems (RTLS) Market Report:

The global real-time location systems (RTLS) market size is expected to grow from $5.37 billion in 2021 to $7.11 billion in 2022 at a compound annual growth rate (CAGR) of 32.6%. The change in the real-time location systems (RTLS) market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The real-time location systems (RTLS) market is expected to reach $19.20 billion in 2026 at a CAGR of 28.6%.

The growing technological advancements are shaping the market. Real-time location systems (RTLS) market trends include major firms focusing on developing technological solutions for real-time locating and monitoring of assets and employees. For instance, in July 2020, Advantech, a China-based provider of industrial computing platform solutions launched a real-time location system solution-ready package (SRP) based on multi-mode sensing dynamic fusion (MSDF) technology. The MSDF technology, which uses a software algorithm to decrease interference from barriers, improves positioning effectiveness in challenging indoor environments, making it perfect for hospitals, nursing homes, and clinics.

In February 2020, Qorvo, a US-based company that designs, develops, manufactures and markets a variety of high-performance analog and mixed-signal integrated circuits acquired Decawave for an undisclosed amount. With this acquisition, the Decawave team has become the Ultra-Wideband Business Unit (UWBU) within Qorvo Mobile Products. Decawave is a Europe-based company that provides real-time location tracking services.

Major players covered in the global real-time location systems (RTLS) market are Zebra Technologies Corp., Stanley Healthcare, CenTrak, Inc., Ubisense Group PLC., TeleTracking Technologies, Inc., Sonitor Technologies AS, AeroScout Industrial, DecaWave Limited, Midmark Rtls Solutions, Inc., AiRISTA Flow, Inc., Savi Technology, Lockheed Martin Corporation, GE Healthcare, Impinj, Identec Group AG and Ekahau.

TBRC’s global real-time location systems (RTLS) market report is segmented by component into hardware, software, service, by technology into RFID, wi-fi, ultra-wideband (UWB), Bluetooth low energy (BLE), ultrasound, infrared (IR), GPS, others, by application into inventory or asset tracking and management, personnel or staff locating and monitoring, access control and security, environmental monitoring, supply chain management and operational automation or visibility, others, by end-use industry into transportation and logistics, healthcare, retail, manufacturing and processing, others .

Real-Time Location Systems (RTLS) Global Market Report 2022 – By Component (Solutions, Services), By Technology (RFID, Wi-Fi, Ultra-wideband (UWB), Bluetooth Low Energy (BLE), Ultrasound, Infrared (IR), GPS), By Application (Inventory Or Asset Tracking And Management, Personnel Or Staff Locating And Monitoring, Access Control And Security, Environmental Monitoring, Supply Chain Management And Operational Automation Or Visibility), By End Use Industry (Transportation And Logistics, Healthcare, Retail, Manufacturing And Processing) – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides a real-time location systems (RTLS) market overview, forecast real-time location systems (RTLS) market size and growth for the whole market, real-time location systems (RTLS) market segments, geographies, real-time location systems (RTLS) market trends, real-time location systems (RTLS) market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

Request for a Sample of the Global Real-Time Location Systems (RTLS) Market Report:

Not what you were looking for? Here is a list of similar reports by The Business Research Company:
GPS Equipment Global Market Report 2022 – By Product Type (Data loggers, Data Pushers, Data pullers, Covert GPS Trackers), By End-Use Industry (Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government, Others (Hospitality, Education, Retail, Agriculture And Healthcare)), By Application (Road, Aviation, Marine, Location-Based Services, Surveying and Mapping) – Market Size, Trends, And Global Forecast 2022-2026

Integrated Geophysical Services Global Market Report 2022 – By Method (Vertical Electrical Sounding, Electrical Resistivity Tomography (ERT), Seismic Refraction, Microgravity Survey With Differential GPS, Magnetic Profiles, Induced Polarization, 2d Seismic Prospection (Refraction Tomography And Reflection Sections), Ground Penetrating Radar (GPR)), By Application (Infrastructure And Building Constructions, Offshore Wind Farm Surveys, Offshore Cable Tracking Surveys, Mineral Exploration And Mining Engineering, Natural Resources And Energy, Water Resource, Environment And Waste Management, Archaeological Surveys), By Survey Type (Aerial-Based, Land-Based) – Market Size, Trends, And Global Forecast 2022 – 2026

Broadcast Communications Equipment Global Market Report 2021 – By Product Type (Transmitting Antennas, GPS Equipment, Transceivers, Satellite Communications Equipment), By Application (Military, Civilian), By Technology (Analog Broadcasting, Digital Broadcasting), COVID-19 Impact And Recovery

About The Business Research Company?
The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.

Read more about us at

Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]

Check out our:

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
[email protected]
Visit us on social media:

Market Research Products, Services, Solutions For Your Business – TBRC

You just read:

News Provided By

February 24, 2022, 11:53 GMT

EIN Presswire’s priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content.
As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone’s Internet News Presswire™,
tries to define some of the boundaries that are reasonable in today’s world. Please see our
Editorial Guidelines
for more information.

Submit your press release


RSS Feeds

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts