The global real-time location systems market size is expected to grow from USD 6.03 billion in 2024 to USD 15.79 billion by 2029, at a CAGR of 21.2% from 2024 to 2029. Many sectors, such as manufacturing & automotive, logistics & transportation, and healthcare, are employing cost-effective RTLS solutions in order to improve operational efficiency and achieve cost optimization. Additionally, by adopting RTLS it has been observed that there are high return-on-investments and high productivity. These factors are contributing to the growth of RTLS Market.
As of 2023, Securitas Technology (Sweden); Zebra
Technologies Corporation (US); HPE Aruba Networking (US); Impinj, Inc. (US);
Savi Technology (US); TeleTracking Technologies, Inc. (US); CenTrak, Inc. (US);
and UBISENSE (UK) are some major players in the RTLS market. These
players strengthen their market position and geographic presence by developing
innovative products, strategically partnering with other stakeholders, and
acquiring small players.
Major Real-time
Location Systems Companies include:
- Securitas
Technology (Sweden)
- Zebra
Technologies Corp. (US)
- HPE
Aruba Networking (US)
- Impinj,
Inc. (US)
- Savi
Technology (US)
Securitas Technology (Sweden)
Securitas
Technology, a global leader in integrated security systems, was
officially launched after Securitas acquired STANLEY Security in July 2022.
This merger has positioned Securitas Technology at the security industry's
forefront, leveraging legacy organizations' combined expertise and
technological capabilities. The company is a part of Securitas AB, with a
workforce of approximately 13,000 individuals, including over 5,100 field
technicians. Securitas Technology dominates in 18 global markets, such as
Canada, France, Mexico, Sweden, the UK, and the US. The company's extensive
suite of customizable solutions includes video surveillance, access control,
intrusion detection, fire safety, and integrated systems and related services,
all designed to adapt and expand with the evolving security needs of its
clients. The company offers a unified RTLS platform that forms the backbone of
workplace efficiency. Utilizing existing Wi-Fi infrastructure and integrating
advanced wireless technologies, this platform equips employees and managers
with the tools to enhance safety, protect valuable assets, and optimize
operational workflows, improving safety and efficiency across the organization.
Zebra Technologies Corp. (US)
Zebra
Technologies Corp. is one of the leading providers of automatic
identification and data-capturing technology-based products, such as mobile
computing, barcode printing, and RFID devices, as well as other workflow
automation products and services. The company operates through two business
segments: Asset Intelligence & Tracking and Enterprise Visibility &
Mobility. The company caters to its customers in the RTLS market through the
Asset Intelligence & Tracking segment. Zebra Technologies Corp. primarily serves
the healthcare, retail, manufacturing, hospitality, transportation, and
logistics industries. The company's offerings include hardware products and
software platforms for RTLS. Wi-Fi, RFID, WhereNet, NFC, BLE, and UWB are among
the key technology-based RTLS solutions offered by the company. Its RTLS
solutions are equipped with active and passive RFID tags, beacons, and other
tracking devices to locate, track, manage, and optimize high-value assets,
equipment, and people. The company offers a range of scalable RTLS technologies
that generate precise, on-demand information about the physical location and
status of high-value assets.
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HPE Aruba Networking (US):
HPE Aruba Networking,
a subsidiary of Hewlett Packard Enterprise Company (US), serves various
industries, such as financial services, government and military, healthcare,
education, hospitality, and retail. The company’s product portfolio includes
hardware products such as switches, Wi-Fi access points, and gateways. RTLS
hardware products include beacons and tags, which can be integrated into any
existing Wi-Fi network in an enterprise or a locality. The company also helps
deploy Wi-Fi networks for end users such as hospitals, research organizations,
stadiums, hotels, and universities. It offers BLE-based tags, beacons, and
sensors, which can be managed through mobile apps.