Real-time location systems (RTLS) are used to determine the location of an object or a person. RTLS requires granular visibility. It can accurately locate, track, and manage assets, inventory, or people and help companies make knowledgeable decisions. The system consists of a transponder, a receiver, and software to interpret the data. RTLS transmitters or receivers are spaced throughout a building to provide the desired coverage. RTLS is used across many end-use verticals, such as heavy industries, manufacturing, retail, oil & gas, automotive, transportation and logistics, construction, government and defense, and education. Also, they are used for specific applications such as employee tracking and high-value asset tracking. The growing use of RTLS in manufacturing, mining industries, and healthcare industries is significantly bolstering the growth of the real-time location systems market.
Aruba Networks, Siemens AG, Decawave Limited, Zebra Technologies Corporation, Sonitor Technologies AS – Prominent Market Participants in Real-Time Location Systems Market
Real-time locating systems (RTLS) identify and track the location of objects or people within a building or a contained area. The increased productivity, accuracy, and ability of real-time tracking is boosting the growth of the global real-time locations systems market. Growing demand for the RFID tags in the healthcare sector for various applications such as the tracking of surgical tools and tracking of patients and staff and in other end-use verticals for inventory/asset tracking and management and personnel/staff locating and monitoring has supported the growth of the market.
The top five companies in the real-time location systems market include Aruba Networks, Siemens AG, Decawave Limited, Zebra Technologies Corporation, Sonitor Technologies AS. The above listing of key players is derived by considering multiple factors such as overall revenue, current real-time location systems solution portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. There are various other notable players in the global real-time location systems market ecosystem, such as AiRISTA Flow Inc.; Impinj, Inc.; Stanley Black & Decker, Inc.; TeleTracking Technologies Inc.; and Ubisense. A few of the important market initiatives and product developments from the industry are mentioned below.:
| Year | News | Region |
| 2021 | Ubisense announced a strategic partnership with Advanced Realtime Tracking (ART), a leader in Optical Tracking Systems, to provide sequence control solutions for assembly processes. The SmartSpace technology by Ubisense perfectly complements the ART VERPOSE camera-based vision system, thereby expanding the company’s effective portfolio. | Global |
| 2021 | Aruba Networks announced the market’s first enterprise-grade Wi-Fi 6E solution set- the 630 Series of campus access points (APs). The latest technology of WiFI operates in the 6GHz band which is the largest expansion of WiFi capabilities in nearly two decades. | Global |
| 2020 | Qorvo completed the acquisition of DecaWave Limited, partnering to become Ultra-Wideband Business Unit (UWBU) within Qorvo Mobile Products. Quovo is a leading global supplier of innovative RF solutions, headquartered in the US. | Global |
