The report "Real-time Location Systems (RTLS) Industry by Offering (RTLS Tags/Badges, Readers/Trackers/Access Points), Technology (RFID, Wi-Fi, UWB, BLE, Infrared, Ultrasound, GPS, Zigbee), Application (Inventory Tracking, Personnel Tracking) - Global Forecast to 2030" The global real-time location systems market is projected to grow from USD 6.68 billion in 2025 to USD 15.67 billion by 2030, at a CAGR of 18.6%. The rising demand for real-time tracking and visibility of assets and personnel across diverse sectors, including healthcare, education, oil & gas, and manufacturing, is fueling growth. Heightened safety and security requirements, particularly in critical environments, further accelerate adoption. Although RTLS solutions typically involve higher costs than conventional tracking methods, the market is becoming increasingly competitive due to the emergence of innovative startups and the availability of tailored, application-specific solutions that address industry-specific needs.
The software offering is expected to hold a
significant share in the RTLS market during the forecast period.
In the coming years, software components of RTLS
solutions are expected to manage thousands of tools or objects in a fraction of
a second. This requires the software platform to use a massive computation
methodology and has a very high reliability at the Six Sigma level. RTLS
software solutions are necessary for location tracking, asset tracking, and
analytics purposes, and they can also manipulate data, which allows the
examination of specific pieces of location, alerting, and non-location sensor
information. This market provides two software products: standalone and
full-stack RTLS solutions. Many companies use standalone asset tracking
software, whereas the demand for full-stack RTLS solutions is gradually
increasing. Technological advancements in information technology have led to
the building of customized software platforms to meet clients' specific
requirements. Moreover, the penetration of system applications and products
(SAP) and enterprise resource planning (ERP) software for data processing applications
in RTLS solutions helps build a robust platform. All these factors are expected
to drive software market growth during the forecast period.
Wi-Fi technology is expected to hold a significant
market share during the forecast period.
Wi-Fi is one of the most widely used wireless
technologies in the RTLS market for healthcare because of its high
compatibility, ease of installation, and availability. A location system based
on Wi-Fi is popular because pre-existing Wi-Fi access points can be leveraged
without additional hardware costs. Wi-Fi tags or smart devices with internal
Wi-Fi radios can send signals to Wi-Fi access points in the area or vice versa.
Several positioning indicators can be used to calculate the distance from the
access points, depending on the number of Wi-Fi access points. Wi-Fi has a high
connectivity range; however, high power consumption, high hardware cost, and
low accuracy are the major factors that can restrain the adoption of this
technology for RTLS solutions. Wi-Fi technology has played a significant role
in RTLS solutions used by healthcare, retail, education, transport, and
manufacturing sectors. Deploying RTLS solutions powered by Wi-Fi technology in
healthcare facilities has provided significant benefits, as these solutions can
use the existing infrastructure, which reduces the cost incurred for new
installations. With increasing benefits and a better return on investment
(ROI), the healthcare sector's acceptance rate of Wi-Fi–based RTLS solutions
has increased significantly.
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North America will likely hold the largest share in
the global real-time location system market during the forecast period.
The North American real-time location system (RTLS)
market, segmented into the US, Canada, and Mexico, is expected to maintain its
dominant position throughout the forecast period, driven by its technological
maturity and strong economic foundation. As one of the most advanced regions
globally, North America has led the adoption of cutting-edge RTLS technologies
for diverse real-time tracking applications. The region’s leadership is
strongly supported by a robust healthcare transformation, with hospitals and
medical facilities rapidly integrating RTLS to enhance patient safety, asset
utilization, and workflow efficiency. A well-established economy enables
substantial investments in next-generation location technologies, fostering
innovation and large-scale deployments. The widespread adoption of RTLS across
industries and declining average selling prices (ASPs) of ultra-wideband (UWB)
tags further accelerating market penetration. In healthcare, the combination of
UWB and Bluetooth Low Energy (BLE) is gaining traction due to its high
accuracy, scalability, and proven long-term return on investment. These factors
and the region’s proactive approach toward digital transformation and smart
infrastructure development are expected to sustain North America’s leadership
in the RTLS market throughout the forecast period.
Major companies operating in the RTLS market are
Securitas AB (Sweden), Zebra Technologies Corp. (US), Impinj, Inc. (US),
Siemens (Germany), and Centrak, Inc. (US).
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