RTLS Market

Executive Summary

RTLS Market was valued at US $6,499.06 million in 2021 and is projected to grow at 32.02% CAGR over the forecast period to reach US $34,409.78 million by 2027. RTLS Market represented US $2,770.22 million opportunity over 2019-2021 and estimated to create US $27,910.71 million opportunity in 2027 over 2021.

RTLS from Consainsights analyses the RTLS Market in the Technology & Media industry over the forecast period to 2027.

RTLS research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

RTLS segmentation includes Offering, Technology, Facility Type, Application and Geography.

Based on the Offering, the RTLS analysis covers Hardware, Software, Services.

In Offering segment, Hardware segment has highest cagr growth of 28.01%.

Based on the Technology, the RTLS analysis covers RFID, Wi-Fi, UWB, BLE, Infrared (IR), Ultrasound, Others.

In Technology segment, RFID segment has highest cagr growth of 28.01%.

Based on the Facility Type, the RTLS analysis covers Hospitals and Healthcare Facilities, Senior Living Facilities.

In Facility Type segment, Hospitals and Healthcare Facilities segment has highest cagr growth of 28.01%.

Based on the Application, the RTLS analysis covers Inventory/Asset - Tracking and Management, Personnel/Staff - Locating and Monitoring, Access Control/Security, Environment Monitoring, Supply Chain Management and Operation Automation/Visibility, Others.

In Application segment, Inventory/Asset - Tracking and Management segment has highest cagr growth of 28.01%.

Based on the region, the RTLS analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Offering

Introduction

In 2021, Hardware segment has the highest revenue of US $3,675.66 million and is expected to grow at CAGR of 28.01% by 2027 Hardware segment has highest cagr growth of 28.01%.

Hardware

Hardware segment was valued at US $2,108.91 million in 2019 and is projected to grow at 28.01% CAGR over the forecast period to reach US $19,461.07 million by 2027. Hardware segment represented US $1,566.75 million opportunity over 2019-2021 and estimated to create US $15,785.41 million opportunity in 2027 over 2021.

Software

Software segment was valued at US $1,002.12 million in 2019 and is projected to grow at 28.01% CAGR over the forecast period to reach US $9,247.57 million by 2027. Software segment represented US $744.49 million opportunity over 2019-2021 and estimated to create US $7,500.96 million opportunity in 2027 over 2021.

Services

Services segment was valued at US $617.81 million in 2019 and is projected to grow at 28.01% CAGR over the forecast period to reach US $5,701.14 million by 2027. Services segment represented US $458.98 million opportunity over 2019-2021 and estimated to create US $4,624.35 million opportunity in 2027 over 2021.

Technology

Introduction

In 2021, RFID segment has the highest revenue of US $2,601.33 million and is expected to grow at CAGR of 28.01% by 2027 RFID segment has highest cagr growth of 28.01%.

RFID

RFID segment was valued at US $1,492.52 million in 2019 and is projected to grow at 28.01% CAGR over the forecast period to reach US $13,772.96 million by 2027. RFID segment represented US $1,108.82 million opportunity over 2019-2021 and estimated to create US $11,171.62 million opportunity in 2027 over 2021.

Wi-Fi

Wi-Fi segment was valued at US $923.99 million in 2019 and is projected to grow at 28.01% CAGR over the forecast period to reach US $8,526.58 million by 2027. Wi-Fi segment represented US $686.45 million opportunity over 2019-2021 and estimated to create US $6,916.14 million opportunity in 2027 over 2021.

UWB

UWB segment was valued at US $545.03 million in 2019 and is projected to grow at 28.01% CAGR over the forecast period to reach US $5,029.53 million by 2027. UWB segment represented US $404.91 million opportunity over 2019-2021 and estimated to create US $4,079.59 million opportunity in 2027 over 2021.

BLE

BLE segment was valued at US $333.92 million in 2019 and is projected to grow at 28.01% CAGR over the forecast period to reach US $3,081.43 million by 2027. BLE segment represented US $248.08 million opportunity over 2019-2021 and estimated to create US $2,499.43 million opportunity in 2027 over 2021.

Infrared (IR)

Infrared (IR) segment was valued at US $176.46 million in 2019 and is projected to grow at 28.01% CAGR over the forecast period to reach US $1,628.34 million by 2027. Infrared (IR) segment represented US $131.09 million opportunity over 2019-2021 and estimated to create US $1,320.79 million opportunity in 2027 over 2021.

Ultrasound

Ultrasound segment was valued at US $208.89 million in 2019 and is projected to grow at 28.01% CAGR over the forecast period to reach US $1,927.64 million by 2027. Ultrasound segment represented US $155.19 million opportunity over 2019-2021 and estimated to create US $1,563.56 million opportunity in 2027 over 2021.

Others

Others segment was valued at US $48.04 million in 2019 and is projected to grow at 28.01% CAGR over the forecast period to reach US $443.30 million by 2027. Others segment represented US $35.69 million opportunity over 2019-2021 and estimated to create US $359.57 million opportunity in 2027 over 2021.

Facility Type

Introduction

In 2021, Hospitals and Healthcare Facilities segment has the highest revenue of US $3,116.86 million and is expected to grow at CAGR of 28.01% by 2027 Hospitals and Healthcare Facilities segment has highest cagr growth of 28.01%.

Hospitals and Healthcare Facilities

Hospitals and Healthcare Facilities segment was valued at US $1,788.30 million in 2019 and is projected to grow at 28.01% CAGR over the forecast period to reach US $16,502.46 million by 2027. Hospitals and Healthcare Facilities segment represented US $1,328.56 million opportunity over 2019-2021 and estimated to create US $13,385.60 million opportunity in 2027 over 2021.

Senior Living Facilities

Senior Living Facilities segment was valued at US $1,196.63 million in 2019 and is projected to grow at 28.01% CAGR over the forecast period to reach US $11,042.53 million by 2027. Senior Living Facilities segment represented US $889.00 million opportunity over 2019-2021 and estimated to create US $8,956.90 million opportunity in 2027 over 2021.

Application

Introduction

In 2021, Inventory/Asset - Tracking and Management segment has the highest revenue of US $2,766.98 million and is expected to grow at CAGR of 28.01% by 2027 Inventory/Asset - Tracking and Management segment has highest cagr growth of 28.01%.

Inventory/Asset - Tracking and Management

Inventory/Asset - Tracking and Management segment was valued at US $1,587.56 million in 2019 and is projected to grow at 28.01% CAGR over the forecast period to reach US $14,650.00 million by 2027. Inventory/Asset - Tracking and Management segment represented US $1,179.43 million opportunity over 2019-2021 and estimated to create US $11,883.01 million opportunity in 2027 over 2021.

Personnel/Staff - Locating and Monitoring

Personnel/Staff - Locating and Monitoring segment was valued at US $972.08 million in 2019 and is projected to grow at 28.01% CAGR over the forecast period to reach US $8,970.40 million by 2027. Personnel/Staff - Locating and Monitoring segment represented US $722.18 million opportunity over 2019-2021 and estimated to create US $7,276.14 million opportunity in 2027 over 2021.

Access Control/Security

Access Control/Security segment was valued at US $590.44 million in 2019 and is projected to grow at 28.01% CAGR over the forecast period to reach US $5,448.55 million by 2027. Access Control/Security segment represented US $438.65 million opportunity over 2019-2021 and estimated to create US $4,419.47 million opportunity in 2027 over 2021.

Environment Monitoring

Environment Monitoring segment was valued at US $381.82 million in 2019 and is projected to grow at 28.01% CAGR over the forecast period to reach US $3,523.42 million by 2027. Environment Monitoring segment represented US $283.66 million opportunity over 2019-2021 and estimated to create US $2,857.94 million opportunity in 2027 over 2021.

Supply Chain Management and Operation Automation/Visibility

Supply Chain Management and Operation Automation/Visibility segment was valued at US $176.88 million in 2019 and is projected to grow at 28.01% CAGR over the forecast period to reach US $1,632.28 million by 2027. Supply Chain Management and Operation Automation/Visibility segment represented US $131.41 million opportunity over 2019-2021 and estimated to create US $1,323.99 million opportunity in 2027 over 2021.

Others

Others segment was valued at US $20.06 million in 2019 and is projected to grow at 28.01% CAGR over the forecast period to reach US $185.13 million by 2027. Others segment represented US $14.90 million opportunity over 2019-2021 and estimated to create US $150.16 million opportunity in 2027 over 2021.