Real-Time Location Systems Market Share, Size, and Outlook by 2030
Real-Time Location Systems Market: Strategic Insights
Real-Time Location Systems Market
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CAGR (2023 - 2031)26.6% -
Market Size 2023
US$ 6.16 Billion -
Market Size 2031
US$ 40.70 Billion
Market Dynamics
GROWTH DRIVERS
- In healthcare, wearables used by dementia patients can use SLAM to accurately track their movements, reducing the risk of patients getting lost or placing themselves in dangerous situations. As the demand for connected devices grows in industries that require precise location tracking, the integration of SLAM technology innovates and improves the capabilities of real-time location systems.
FUTURE TRENDS
- The widespread rollout of 5G infrastructure, supported by government investment, is expected to create new opportunities for the real-time location system market, driven by the enhanced capabilities of SLAM in a 5G-enabled world.
OPPORTUNITIES
- As SLAM improves the accuracy and reliability of RTLS, its integration into healthcare systems is expected to drive the demand for real-time location tracking solutions, improving patient care and operational efficiency.
Key Players
- Aruba Networks
- AiRISTA Flow Inc
- Qorvo Inc
- Impinj Inc
- Siemens AG
- Zebra Technologies Corp
- Sonitor Technologies AS
- Stanley Black Decker Inc
- TeleTracking Technologies Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Offering - Hardware
- Software
- Services
Technology - RFID
- UWB
- BLE
- Ultrasound
- Infrared
- GPS
- Wi-Fi
- ZIGBEE
Application - Personnel or Staff Locating and Monitoring
- Environmental Monitoring
- Access Control and Security
- Warehouse Management and Monitoring
- Supply Chain Management and Operation Automation or Visibility and Others
Industry Vertical - Retail
- Government and Defense
- Manufacturing
- Healthcare
- Logistics
- Heavy Industries
- Construction
- Oil and Gas
- Automotive
- Others
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