Table of Content

1 INTRODUCTION 29
1.1 STUDY OBJECTIVES 29
1.2 MARKET DEFINITION 29
1.2.1 INCLUSIONS AND EXCLUSIONS 30
1.3 STUDY SCOPE 31
1.3.1 MARKETS COVERED 31
FIGURE 1 RTLS MARKET SEGMENTATION 31
1.3.2 REGIONS COVERED 32
1.3.3 YEARS CONSIDERED 32
1.4 CURRENCY CONSIDERED 32
1.5 LIMITATIONS 33
1.6 STAKEHOLDERS 33
1.7 SUMMARY OF CHANGES 34
1.8 RECESSION IMPACT 34
2 RESEARCH METHODOLOGY 35
2.1 RESEARCH APPROACH 35
FIGURE 2 RTLS MARKET: RESEARCH DESIGN 35
2.1.1 SECONDARY AND PRIMARY RESEARCH 36
FIGURE 3 RTLS MARKET: RESEARCH APPROACH 36
2.1.2 SECONDARY DATA 37
2.1.2.1 Key secondary sources 37
2.1.2.2 Key data from secondary sources 37
2.1.3 PRIMARY DATA 38
2.1.3.1 Interview participants 38
2.1.3.2 Key data from primary sources 38
2.1.3.3 Key industry insights 39
2.1.3.4 Breakdown of primaries 39
2.2 MARKET SIZE ESTIMATION 40
2.2.1 BOTTOM-UP APPROACH 40
2.2.1.1 Approach to estimate market size using bottom-up analysis 40
FIGURE 4 RTLS MARKET: BOTTOM-UP APPROACH 41
2.2.2 TOP-DOWN APPROACH 41
2.2.2.1 Approach to estimate market size using top-down analysis 41
FIGURE 5 RTLS MARKET: TOP-DOWN APPROACH 41
FIGURE 6 RTLS MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS 42
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 42
FIGURE 7 DATA TRIANGULATION 43
2.4 RESEARCH ASSUMPTIONS 44
FIGURE 8 STUDY ASSUMPTIONS 44
2.5 PARAMETERS CONSIDERED TO STUDY RECESSION IMPACT ON RTLS MARKET 44
2.6 RISK ASSESSMENT 45
TABLE 1 RISK ASSESSMENT 45
3 EXECUTIVE SUMMARY 46
FIGURE 9 RTLS MARKET SIZE, 2019–2028 (USD BILLION) 46
FIGURE 10 HARDWARE SEGMENT TO HOLD LARGEST SHARE OF RTLS MARKET, BY OFFERING, IN 2023 47
FIGURE 11 UWB TO BE FASTEST-GROWING TECHNOLOGY IN RTLS MARKET DURING FORECAST PERIOD 48
FIGURE 12 HEALTHCARE VERTICAL TO ACCOUNT FOR LARGEST SHARE OF RTLS MARKET IN 2028 49
FIGURE 13 NORTH AMERICA HELD LARGEST MARKET SHARE IN 2022 50
4 PREMIUM INSIGHTS 51
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN RTLS MARKET 51
FIGURE 14 INCREASING SAFETY AND SECURITY CONCERNS IN INDUSTRIES TO FUEL DEMAND FOR RTLS SOLUTIONS DURING FORECAST PERIOD 51
4.2 RTLS MARKET, BY OFFERING 51
FIGURE 15 HARDWARE SEGMENT TO DOMINATE RTLS MARKET FROM 2023 TO 2028 51
4.3 RTLS MARKET, BY TECHNOLOGY 52
FIGURE 16 UWB SEGMENT TO EXHIBIT HIGHEST CAGR IN RTLS MARKET FROM 2023 TO 2028 52
4.4 RTLS MARKET, BY APPLICATION 53
FIGURE 17 INVENTORY/ASSET TRACKING & MANAGEMENT SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2028 53
4.5 RTLS MARKET IN NORTH AMERICA, BY COUNTRY AND VERTICAL 53
FIGURE 18 US AND HEALTHCARE TO BE LARGEST SHAREHOLDERS OF NORTH AMERICAN MARKET IN 2028 53
4.6 RTLS MARKET, BY COUNTRY 54
FIGURE 19 CHINA TO RECORD HIGHEST CAGR IN GLOBAL RTLS MARKET FROM 2023 TO 2028 54
5 MARKET OVERVIEW 55
5.1 INTRODUCTION 55
5.2 MARKET DYNAMICS 55
FIGURE 20 RTLS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 55
5.2.1 DRIVERS 55
5.2.1.1 Widespread availability of cost-effective RTLS solutions 55
5.2.1.2 High return on investment and improved productivity achieved by deploying RTLS 56
5.2.1.3 Increasing concerns of healthcare service providers for patient and staff safety 56
5.2.1.4 Superior performance of UWB-powered RTLS over other conventional techniques 57
FIGURE 21 IMPACT OF DRIVERS ON RTLS MARKET 57
5.2.2 RESTRAINTS 58
5.2.2.1 Data privacy and security concerns 58
5.2.2.2 High installation and maintenance costs 58
FIGURE 22 IMPACT OF RESTRAINTS ON RTLS MARKET 58
5.2.3 OPPORTUNITIES 59
5.2.3.1 Rising need for efficient resource utilization and workflow optimization 59
5.2.3.2 Growing popularity of hybrid RTLS solutions 59
5.2.3.3 Increasing adoption of IoT solutions in healthcare sector 59
5.2.3.4 New and emerging applications of RTLS 60
5.2.3.5 Increasing focus of RTLS vendors on untapped regional markets and emerging use cases 60
FIGURE 23 IMPACT OF OPPORTUNITIES ON RTLS MARKET 61
5.2.4 CHALLENGES 61
5.2.4.1 Concerns regarding trade-offs in RTLS design 61
5.2.4.2 Issues regarding system compatibility and lack of standardization 61
FIGURE 24 IMPACT OF CHALLENGES ON RTLS MARKET 62
5.3 VALUE CHAIN ANALYSIS 62
FIGURE 25 RTLS MARKET: VALUE CHAIN ANALYSIS 62
5.4 ECOSYSTEM ANALYSIS 64
FIGURE 26 ECOSYSTEM MAPPING 64
TABLE 2 RTLS MARKET: ECOSYSTEM 64
5.5 PRICING ANALYSIS 65
5.5.1 RTLS TAG PRICE COMPARISON BASED ON TECHNOLOGY 65
TABLE 3 PRICE COMPARISON OF RTLS TAGS BASED ON DIFFERENT TECHNOLOGIES 65
TABLE 4 RTLS MARKET: ASP AND VOLUME OF RTLS TAGS (2022) 66
5.5.2 AVERAGE SELLING PRICE TREND 66
FIGURE 27 AVERAGE SELLING PRICE TREND OF RTLS TAGS, 2022–2028 66
5.5.3 AVERAGE SELLING PRICE TREND, BY KEY PLAYER 67
FIGURE 28 AVERAGE SELLING PRICE OF RTLS TAGS OFFERED BY KEY PLAYERS 67
TABLE 5 AVERAGE SELLING PRICE OF RTLS TAGS OFFERED BY KEY PLAYERS (USD) 67
TABLE 6 AVERAGE SELLING PRICE OF RTLS TAGS, BY REGION (USD) 67
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 68
FIGURE 29 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN RTLS MARKET 68
5.7 TECHNOLOGY ANALYSIS 68
5.7.1 RTLS MARKET: TECHNOLOGY COMPARISON 68
TABLE 7 COMPARISON OF RTLS TAGS BASED ON DIFFERENT TECHNOLOGIES 68
5.7.2 HYBRID RTLS TECHNOLOGY 69
5.8 PORTER’S FIVE FORCES ANALYSIS 69
TABLE 8 IMPACT OF PORTER’S FIVE FORCES ON RTLS MARKET 69
FIGURE 30 RTLS MARKET: PORTER’S FIVE FORCES ANALYSIS 70
5.8.1 BARGAINING POWER OF SUPPLIERS 70
5.8.2 BARGAINING POWER OF BUYERS 70
5.8.3 INTENSITY OF COMPETITIVE RIVALRY 71
5.8.4 THREAT OF NEW ENTRANTS 71
5.8.5 THREAT OF SUBSTITUTES 71
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 71
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 71
FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS 71
TABLE 9 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS (%) 72
5.9.2 BUYING CRITERIA 72
FIGURE 32 KEY BUYING CRITERIA FOR TOP 3 VERTICALS 72
TABLE 10 KEY BUYING CRITERIA FOR TOP 3 VERTICALS 72
5.10 CASE STUDY ANALYSIS 73
TABLE 11 VOLKSWAGEN AUTOEUROPA DEPLOYS SIEMENS’ SIMATIC RTLS TO MANAGE MOVING ASSETS 73
TABLE 12 CANADIAN NATURAL RESOURCES ADOPTS SEWIO’S RTLS FOR EMPLOYEE SAFETY 73
TABLE 13 GATEWAY REGIONAL MEDICAL CENTER DEPLOYS RTLS TO ENHANCE PATIENT AND STAFF SAFETY 73
TABLE 14 MISSION HOSPITAL IMPLEMENTS RTLS ASSET MANAGEMENT SOLUTION TO REDUCE COST OF LOST AND STOLEN EQUIPMENT 74
TABLE 15 TEXAS HEALTH RESOURCES ENHANCES PATIENT EXPERIENCE AND SAFETY BY USING RTLS 74
TABLE 16 LIFE CARE GAYNES PARK MANOR DEPLOYS RTLS FOR PATIENT/STAFF SAFETY 75
TABLE 17 BOUMAN MENTAL HEALTHCARE ADOPTS RTLS FOR STAFF ALERTING 75
5.11 TRADE ANALYSIS 76
FIGURE 33 IMPORT DATA FOR SMART CARDS INCORPORATING ONE OR MORE ELECTRONIC INTEGRATED CIRCUITS, BY KEY COUNTRY, 2017–2021 (USD MILLION) 76
FIGURE 34 EXPORT DATA FOR SMART CARDS INCORPORATING ONE OR MORE ELECTRONIC INTEGRATED CIRCUITS, BY KEY COUNTRY, 2017–2021 (USD MILLION) 76
5.12 PATENT ANALYSIS 77
FIGURE 35 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS 77
TABLE 18 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS 77
FIGURE 36 NUMBER OF PATENTS GRANTED PER YEAR, 2012–2021 78
TABLE 19 RTLS MARKET: PATENTS, 2019–2022 78
5.13 KEY CONFERENCES AND EVENTS, 2023–2024 79
TABLE 20 RTLS MARKET: CONFERENCES AND EVENTS 79
5.14 TARIFF AND REGULATORY LANDSCAPE 80
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80
TABLE 21 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80
TABLE 22 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 81
TABLE 23 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 81
TABLE 24 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 81
5.14.2 REGULATORY STANDARDS 81
TABLE 25 STANDARDS FOR RTLS MARKET 81
6 RTLS MARKET, BY OFFERING 83
6.1 INTRODUCTION 84
FIGURE 37 RTLS MARKET, BY OFFERING 84
FIGURE 38 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF RTLS MARKET IN 2028 85
TABLE 26 RTLS MARKET, BY OFFERING, 2019–2022 (USD MILLION) 85
TABLE 27 RTLS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 85
6.2 HARDWARE 86
6.2.1 INCREASING DEMAND FOR HYBRID RTLS SOLUTIONS TO DRIVE SEGMENTAL GROWTH 86
TABLE 28 HARDWARE: RTLS MARKET, BY TYPE, 2019–2022 (USD MILLION) 86
TABLE 29 HARDWARE: RTLS MARKET, BY TYPE, 2023–2028 (USD MILLION) 86
TABLE 30 HARDWARE: RTLS MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)) 87
TABLE 31 HARDWARE: RTLS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 87
6.2.2 TAGS/BADGES 88
6.2.2.1 Rising use of RTLS tags to track assets in real time 88
6.2.3 READERS/TRACKERS/ACCESS POINTS 88
6.2.3.1 Growing deployment of readers to send and receive signals from transponders 88
6.2.4 OTHER HARDWARE PRODUCTS 89
6.3 SOFTWARE 89
6.3.1 GROWING DEMAND FOR CUSTOMIZED RTLS TO BOOST USE OF SOFTWARE SOLUTIONS 89
TABLE 32 SOFTWARE: RTLS MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 90
TABLE 33 SOFTWARE: RTLS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 90
6.4 SERVICES 91
6.4.1 INCLINATION OF INDUSTRIES TO IMPROVE OPERATIONAL EFFICIENCY, SAFETY, AND SECURITY TO INCREASE DEMAND FOR RTLS SERVICES 91
TABLE 34 SERVICES: RTLS MARKET, BY TYPE, 2019–2022 (USD MILLION) 91
TABLE 35 SERVICES: RTLS MARKET, BY TYPE, 2023–2028 (USD MILLION) 91
TABLE 36 SERVICES: RTLS MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 92
TABLE 37 SERVICES: RTLS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 92
6.4.2 DEPLOYMENT & INTEGRATION 92
6.4.2.1 Rising use of customized and application-specific RTLS to lead to high demand for deployment & integration services 92
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6.4.3 SUPPORT & MAINTENANCE 93
6.4.3.1 Requirement for uninterrupted operations to fuel demand for support & maintenance services 93
6.4.4 CONSULTING 93
6.4.4.1 Focus of organizations on increasing workflow efficiency to drive demand for consulting services 93
7 RTLS MARKET, BY TECHNOLOGY 94
7.1 INTRODUCTION 95
FIGURE 39 RTLS MARKET, BY TECHNOLOGY 95
FIGURE 40 UWB TECHNOLOGY TO EXHIBIT HIGHEST CAGR IN RTLS MARKET DURING FORECAST PERIOD 96
TABLE 38 RTLS MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 96
TABLE 39 RTLS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 97
7.2 RFID 97
7.2.1 SIGNIFICANT BENEFITS OF RFID OVER OTHER TECHNOLOGIES TO BOOST SEGMENTAL GROWTH 97
FIGURE 41 TYPES OF RFID 98
TABLE 40 RFID: RTLS MARKET, BY OFFERING, 2019–2022 (USD MILLION) 98
TABLE 41 RFID: RTLS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 98
TABLE 42 RFID: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 99
TABLE 43 RFID: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 99
TABLE 44 RFID: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION) 100
TABLE 45 RFID: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION) 100
7.3 WI-FI 100
7.3.1 EASY INSTALLATION AND HIGH COMPATIBILITY OF WI-FI TECHNOLOGY TO DRIVE SEGMENTAL GROWTH 100
TABLE 46 WI-FI: RTLS MARKET, BY OFFERING, 2019–2022 (USD MILLION) 101
TABLE 47 WI-FI: RTLS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 101
TABLE 48 WI-FI: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 101
TABLE 49 WI-FI: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 102
TABLE 50 WI-FI: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION) 102
TABLE 51 WI-FI: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION) 102
7.4 UWB 103
7.4.1 HIGH-PRECISION OF UWB RTLS SOLUTIONS TO DRIVE MARKET 103
TABLE 52 UWB: RTLS MARKET, BY OFFERING, 2019–2022 (USD MILLION) 103
TABLE 53 UWB: RTLS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 104
TABLE 54 UWB: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 104
TABLE 55 UWB: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 104
TABLE 56 UWB: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION) 105
TABLE 57 UWB: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION) 105
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7.5 BLE 105
7.5.1 LOW COST AND LONG BATTERY LIFE TO BOOST ADOPTION OF BLE TECHNOLOGY 105
TABLE 58 BLE: RTLS MARKET, BY OFFERING, 2019–2022 (USD MILLION) 106
TABLE 59 BLE: RTLS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 106
TABLE 60 BLE: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 106
TABLE 61 BLE: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 107
TABLE 62 BLE: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION) 107
TABLE 63 BLE: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION) 107
7.6 ULTRASOUND 108
7.6.1 HIGH DEMAND FOR NON-INVASIVE ULTRASOUND TECHNOLOGY FROM HEALTHCARE SERVICE PROVIDERS TO SUPPORT MARKET GROWTH 108
TABLE 64 ULTRASOUND: RTLS MARKET, BY OFFERING, 2019–2022 (USD MILLION) 108
TABLE 65 ULTRASOUND: RTLS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 108
TABLE 66 ULTRASOUND: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 109
TABLE 67 ULTRASOUND: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 109
TABLE 68 ULTRASOUND: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION) 109
TABLE 69 ULTRASOUND: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION) 110
7.7 INFRARED 110
7.7.1 HIGH ACCURACY OF IR TECHNOLOGY IN ROOM- AND SUB-ROOM-LEVEL APPLICATIONS TO DRIVE ITS ADOPTION 110
TABLE 70 INFRARED: RTLS MARKET, BY OFFERING, 2019–2022 (USD MILLION) 110
TABLE 71 INFRARED: RTLS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 111
TABLE 72 INFRARED: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 111
TABLE 73 INFRARED: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 111
TABLE 74 INFRARED: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION) 112
TABLE 75 INFRARED: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION) 112
7.8 GPS 112
7.8.1 COMBINATION OF GPS WITH OTHER TECHNOLOGIES TO ACHIEVE BETTER ACCURACY IN RTLS TO FUEL SEGMENTAL GROWTH 112
TABLE 76 GPS: RTLS MARKET, BY OFFERING, 2019–2022 (USD MILLION) 113
TABLE 77 GPS: RTLS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 113
TABLE 78 GPS: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 113
TABLE 79 GPS: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 114
TABLE 80 GPS: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION) 114
TABLE 81 GPS: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION) 114
7.9 OTHER TECHNOLOGIES 115
TABLE 82 OTHER TECHNOLOGIES: RTLS MARKET, BY OFFERING, 2019–2022 (USD MILLION) 115
TABLE 83 OTHER TECHNOLOGIES: RTLS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 115
TABLE 84 OTHER TECHNOLOGIES: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 116
TABLE 85 OTHER TECHNOLOGIES: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 116
TABLE 86 OTHER TECHNOLOGIES: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION) 116
TABLE 87 OTHER TECHNOLOGIES: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION) 117
8 RTLS MARKET, BY APPLICATION 118
8.1 INTRODUCTION 119
FIGURE 42 RTLS MARKET, BY APPLICATION 119
FIGURE 43 INVENTORY/ASSET TRACKING & MANAGEMENT APPLICATION TO DOMINATE RTLS MARKET DURING FORECAST PERIOD 120
TABLE 88 RTLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 120
TABLE 89 RTLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 121
8.2 INVENTORY/ASSET TRACKING & MANAGEMENT 121
8.2.1 GROWING NEED TO TRACK ASSETS TO ACCELERATE ADOPTION OF RTLS SOLUTIONS 121
TABLE 90 INVENTORY/ASSET TRACKING & MANAGEMENT: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 122
TABLE 91 INVENTORY/ASSET TRACKING & MANAGEMENT: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 122
8.3 PERSONNEL LOCATING & MONITORING 123
8.3.1 STRONG FOCUS ON PATIENT AND STAFF SAFETY TO FUEL DEMAND FOR RTLS 123
TABLE 92 PERSONNEL LOCATING & MONITORING: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 124
TABLE 93 PERSONNEL LOCATING & MONITORING: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 124
8.4 ACCESS CONTROL & SECURITY 125
8.4.1 RISING ADOPTION OF RTLS TO RESTRICT UNAUTHORIZED ACCESS IN ORGANIZATIONS TO BOOST SEGMENTAL GROWTH 125
TABLE 94 ACCESS CONTROL & SECURITY: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 125
TABLE 95 ACCESS CONTROL & SECURITY: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 126
8.5 ENVIRONMENTAL MONITORING 126
8.5.1 INCREASING UTILIZATION OF RTLS TO GATHER CRITICAL ENVIRONMENTAL DATA FOR ENHANCED SAFETY TO DRIVE MARKET 126
TABLE 96 ENVIRONMENTAL MONITORING: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 127
TABLE 97 ENVIRONMENTAL MONITORING: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 127
8.6 YARD, DOCK, FLEET, & WAREHOUSE MANAGEMENT & MONITORING 128
8.6.1 SURGING DEPLOYMENT OF RTLS FOR BETTER VISIBILITY AND EFFICIENT WAREHOUSE MANAGEMENT TO BOOST MARKET 128
TABLE 98 YARD, DOCK, FLEET, & WAREHOUSE MANAGEMENT & MONITORING: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 128
TABLE 99 YARD, DOCK, FLEET, & WAREHOUSE MANAGEMENT & MONITORING: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 129
8.7 SUPPLY CHAIN MANAGEMENT & AUTOMATION 129
8.7.1 GROWING IMPLEMENTATION OF RTLS TO IMPROVE OPERATIONAL VISIBILITY AND SUPPLY CHAIN MANAGEMENT TO DRIVE MARKET 129
TABLE 100 SUPPLY CHAIN MANAGEMENT & AUTOMATION: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 130
TABLE 101 SUPPLY CHAIN MANAGEMENT & AUTOMATION: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 130
8.8 OTHER APPLICATIONS 130
TABLE 102 OTHER APPLICATIONS: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 131
TABLE 103 OTHER APPLICATIONS: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 131
9 RTLS MARKET, BY VERTICAL 132
9.1 INTRODUCTION 133
FIGURE 44 RTLS MARKET, BY VERTICAL 133
FIGURE 45 HEALTHCARE VERTICAL TO CAPTURE LARGEST SHARE OF RTLS MARKET IN 2023 133
TABLE 104 RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 134
TABLE 105 RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 134
9.2 HEALTHCARE 135
9.2.1 NEED TO KEEP TRACK OF ASSETS AND MONITOR INVENTORY IN REAL TIME TO BOOST RTLS DEMAND 135
TABLE 106 HEALTHCARE: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION) 136
TABLE 107 HEALTHCARE: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION) 136
9.3 MANUFACTURING & AUTOMOTIVE 136
9.3.1 FOCUS OF MANUFACTURING FIRMS ON IMPROVING STAFF SAFETY TO ACCELERATE RTLS DEMAND 136
TABLE 108 MANUFACTURING & AUTOMOTIVE: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION) 137
TABLE 109 MANUFACTURING & AUTOMOTIVE: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION) 137
9.4 RETAIL 138
9.4.1 USE OF RTLS TO INCREASE WORKFLOW EFFICACY IN RETAIL OPERATIONS TO BOOST SEGMENTAL GROWTH 138
TABLE 110 RETAIL: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION) 138
TABLE 111 RETAIL: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION) 138
9.5 TRANSPORTATION & LOGISTICS 139
9.5.1 DEPLOYMENT OF RTLS TO STREAMLINE BUSINESS OPERATIONS TO DRIVE MARKET 139
TABLE 112 TRANSPORTATION & LOGISTICS: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION) 139
TABLE 113 TRANSPORTATION & LOGISTICS: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION) 139
9.6 GOVERNMENT & DEFENSE 140
9.6.1 INCREASING SAFETY CONCERNS FOR STAFF AND EQUIPMENT TO CREATE OPPORTUNITIES FOR RTLS VENDORS 140
TABLE 114 GOVERNMENT & DEFENSE: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION) 140
TABLE 115 GOVERNMENT & DEFENSE: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION) 140
9.7 EDUCATION 141
9.7.1 RISING DEMAND FOR RTLS TO REDUCE COSTS AND STREAMLINE OPERATIONS TO STIMULATE GROWTH 141
TABLE 116 EDUCATION: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION) 141
TABLE 117 EDUCATION: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION) 141
9.8 OIL & GAS AND MINING 142
9.8.1 FOCUS ON MINIMIZING RISK AND ENHANCING WORKER SAFETY TO BOOST RTLS DEMAND IN OIL & GAS AND MINING SECTOR 142
TABLE 118 OIL & GAS AND MINING: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION) 142
TABLE 119 OIL & GAS AND MINING: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION) 142
9.9 SPORTS & ENTERTAINMENT 143
9.9.1 INCREASING IMPORTANCE OF DATA ANALYTICS IN SPORTS INDUSTRY TO DRIVE ADOPTION OF RTLS SOLUTIONS 143
TABLE 120 SPORTS & ENTERTAINMENT: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION) 143
TABLE 121 SPORTS & ENTERTAINMENT: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION) 143
9.10 OTHER VERTICALS 144
TABLE 122 OTHER VERTICALS: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION) 144
TABLE 123 OTHER VERTICALS: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION) 145
10 RTLS MARKET, BY REGION 146
10.1 INTRODUCTION 147
FIGURE 46 RTLS MARKET, BY REGION 147
FIGURE 47 CHINA TO BE FASTEST-GROWING COUNTRY IN GLOBAL RTLS MARKET DURING FORECAST PERIOD 148
TABLE 124 RTLS MARKET, BY REGION, 2019–2022 (USD MILLION) 148
TABLE 125 RTLS MARKET, BY REGION, 2023–2028 (USD MILLION) 148
10.2 NORTH AMERICA 149
10.2.1 RECESSION IMPACT ON MARKET IN NORTH AMERICA 149
FIGURE 48 NORTH AMERICA: RTLS MARKET SNAPSHOT 150
FIGURE 49 US TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN RTLS MARKET IN 2028 150
TABLE 126 NORTH AMERICA: RTLS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 151
TABLE 127 NORTH AMERICA: RTLS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 151
TABLE 128 NORTH AMERICA: RTLS MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 151
TABLE 129 NORTH AMERICA: RTLS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 152
TABLE 130 NORTH AMERICA: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 152
TABLE 131 NORTH AMERICA: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 153
10.2.2 US 153
10.2.2.1 Strong presence of major RTLS providers to drive market 153
10.2.3 CANADA 153
10.2.3.1 Growing adoption of RTLS in hospitals to fuel market 153
10.2.4 MEXICO 154
10.2.4.1 Emerging economy of Mexico to offer growth opportunities to RTLS vendors 154
10.3 EUROPE 154
10.3.1 RECESSION IMPACT ON MARKET IN EUROPE 155
FIGURE 50 EUROPE: RTLS MARKET SNAPSHOT 156
FIGURE 51 GERMANY TO REGISTER HIGHEST CAGR IN EUROPEAN RTLS MARKET DURING FORECAST PERIOD 157
TABLE 132 EUROPE: RTLS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 157
TABLE 133 EUROPE: RTLS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 157
TABLE 134 EUROPE: RTLS MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 158
TABLE 135 EUROPE: RTLS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 158
TABLE 136 EUROPE: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 159
TABLE 137 EUROPE: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 159
10.3.2 GERMANY 160
10.3.2.1 Strong focus of manufacturing firms on process automation to drive demand for RTLS 160
10.3.3 UK 160
10.3.3.1 Increased government expenditure on healthcare infrastructure to support market growth 160
10.3.4 FRANCE 161
10.3.4.1 Huge investments in aerospace industry to boost demand for RTLS solutions 161
10.3.5 REST OF EUROPE 161
10.4 ASIA PACIFIC 162
10.4.1 RECESSION IMPACT ON MARKET IN ASIA PACIFIC 162
FIGURE 52 ASIA PACIFIC: RTLS MARKET SNAPSHOT 163
FIGURE 53 CHINA TO DOMINATE RTLS MARKET IN ASIA PACIFIC DURING FORECAST PERIOD 164
TABLE 138 ASIA PACIFIC: RTLS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 164
TABLE 139 ASIA PACIFIC: RTLS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 164
TABLE 140 ASIA PACIFIC: RTLS MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 165
TABLE 141 ASIA PACIFIC: RTLS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 165
TABLE 142 ASIA PACIFIC: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 166
TABLE 143 ASIA PACIFIC: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 166
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10.4.2 CHINA 166
10.4.2.1 Booming automotive sector to drive demand for RTLS solutions 166
10.4.3 JAPAN 167
10.4.3.1 High adoption of advanced technologies in Japan to fuel RTLS market 167
10.4.4 SOUTH KOREA 167
10.4.4.1 Rising focus on adoption of smart factory technologies to drive demand for RTLS 167
10.4.5 AUSTRALIA 168
10.4.5.1 Thriving healthcare and mining sectors to accelerate market growth 168
10.4.6 REST OF ASIA PACIFIC 168
10.5 ROW 169
10.5.1 RECESSION IMPACT ON MARKET IN ROW 169
FIGURE 54 MIDDLE EAST TO HOLD LEADING MARKET POSITION THROUGHOUT FORECAST PERIOD 170
TABLE 144 ROW: RTLS MARKET, BY REGION, 2019–2022 (USD MILLION) 170
TABLE 145 ROW: RTLS MARKET, BY REGION, 2023–2028 (USD MILLION) 170
TABLE 146 MIDDLE EAST: RTLS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 171
TABLE 147 MIDDLE EAST: RTLS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 171
TABLE 148 ROW: RTLS MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 171
TABLE 149 ROW: RTLS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 172
TABLE 150 ROW: RTLS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 172
TABLE 151 ROW: RTLS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 173
10.5.2 MIDDLE EAST 173
10.5.2.1 Growing investments and focus on improving healthcare infrastructure to accelerate demand for RTLS 173
10.5.3 SOUTH AMERICA AND AFRICA 174
10.5.3.1 Rising manufacturing and mining sectors to create growth opportunities for RTLS providers 174
11 COMPETITIVE LANDSCAPE 175
11.1 INTRODUCTION 175
11.2 STRATEGIES ADOPTED BY KEY PLAYERS 175
TABLE 152 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS 175
11.3 REVENUE SHARE ANALYSIS OF KEY PLAYERS 177
FIGURE 55 RTLS MARKET: REVENUE SHARE ANALYSIS OF KEY PLAYERS, 2017–2021 177
11.4 MARKET SHARE ANALYSIS, 2022 177
TABLE 153 RTLS MARKET: MARKET SHARE ANALYSIS, 2022 178
FIGURE 56 SHARE OF KEY PLAYERS IN RTLS MARKET, 2022 178
11.5 COMPANY EVALUATION MATRIX FOR KEY PLAYERS, 2022 180
11.5.1 STARS 180
11.5.2 EMERGING LEADERS 180
11.5.3 PERVASIVE PLAYERS 180
11.5.4 PARTICIPANTS 180
FIGURE 57 RTLS MARKET: COMPANY EVALUATION MATRIX, 2022 181
11.6 COMPANY EVALUATION MATRIX FOR SMES, 2022 181
11.6.1 PROGRESSIVE COMPANIES 181
11.6.2 RESPONSIVE COMPANIES 181
11.6.3 DYNAMIC COMPANIES 182
11.6.4 STARTING BLOCKS 182
FIGURE 58 RTLS MARKET: COMPANY EVALUATION MATRIX FOR SMES, 2022 182
11.7 RTLS MARKET: COMPANY FOOTPRINT 183
TABLE 154 COMPANY FOOTPRINT: RTLS MARKET 183
TABLE 155 VERTICAL FOOTPRINT: RTLS MARKET 184
TABLE 156 REGION FOOTPRINT: RTLS MARKET 185
11.8 COMPETITIVE BENCHMARKING 186
TABLE 157 RTLS MARKET: KEY STARTUPS/SMES 186
TABLE 158 RTLS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 187
11.9 COMPETITIVE SITUATIONS AND TRENDS 188
11.9.1 RTLS MARKET: PRODUCT LAUNCHES 188
TABLE 159 PRODUCT LAUNCHES 188
11.9.2 RTLS MARKET: DEALS 190
TABLE 160 DEALS 190
12 COMPANY PROFILES 193
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1 KEY PLAYERS 193
12.1.1 SECURITAS AB 193
TABLE 161 SECURITAS AB: BUSINESS OVERVIEW 193
FIGURE 59 SECURITAS AB: COMPANY SNAPSHOT 194
TABLE 162 SECURITAS AB: PRODUCTS OFFERED 195
TABLE 163 SECURITAS AB: DEALS 196
12.1.2 ZEBRA TECHNOLOGIES CORPORATION 197
TABLE 164 ZEBRA TECHNOLOGIES CORPORATION: BUSINESS OVERVIEW 197
FIGURE 60 ZEBRA TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT 198
TABLE 165 ZEBRA TECHNOLOGIES CORPORATION: PRODUCTS OFFERED 198
TABLE 166 ZEBRA TECHNOLOGIES CORPORATION: DEALS 200
12.1.3 ARUBA NETWORKS 202
TABLE 167 ARUBA NETWORKS: BUSINESS OVERVIEW 202
TABLE 168 ARUBA NETWORKS: PRODUCT OFFERED 203
12.1.4 IMPINJ, INC. 205
TABLE 169 IMPINJ, INC.: BUSINESS OVERVIEWS 205
FIGURE 61 IMPINJ, INC.: COMPANY SNAPSHOT 206
TABLE 170 IMPINJ, INC.: PRODUCTS OFFERED 206
TABLE 171 IMPINJ, INC.: PRODUCT LAUNCHES 207
TABLE 172 IMPINJ, INC.: DEALS 208
12.1.5 SAVI TECHNOLOGY 209
TABLE 173 SAVI TECHNOLOGY: BUSINESS OVERVIEW 209
TABLE 174 SAVI TECHNOLOGY: PRODUCTS OFFERED 209
TABLE 175 SAV