Rtls market Forecast to 2022 by scalar market research

RTLS Market by Type (Hardware, Software, Service), Technology (RFID, Wi-Fi, Ultrasound, Infrared, ZigBee, UWB), Industry (Healthcare, Transportation & Logistics, Process Industries, Hospitality, Defense, Retail, Education) and Geography – Global Opportunity Analysis and Industry Forecast, 2014 – 2022

November 2016

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About Scalar Market Research Scalar Market Research, Inc. is a Chicago, U.S.-based market research and consulting firm that serves Fortune 1000 companies, leading businesses and upcoming organizations from around the world to help them achieve their business goal of sustainable revenue growth, utilizing Scalar's premium market research reports and consulting services to make critical strategic decisions.

Our real-time industry data tracking, with the help of advanced analytics and machine learning, offers our clients highly accurate 360-degree perspective of key developments in niche markets. Our team of industry experts, with a thorough understanding of global markets and cumulative industry experience spanning 100+ years, work relentlessly to help our clients realize their most important business

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goals.

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Terms of Use

This report bears a contractual agreement between Scalar Market Research and the

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buyer. No part of the content of this report can be shared or published to other individuals, companies, subsidiaries, divisions, or subdivisions of any organization.

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The redistribution of the report in any manner is strictly prohibited without the prior permission of Scalar Market Research. The publisher will, in-turn, regard the privacy of the purchaser and will keep it confidential. This report is informative material and is not meant for managerial, legal or accounting advice. This publication in no case should be used as an endorsement of any product, a corporate guide or, business manual.

Copyright Š 2016 Scalar Market Research, Inc., USA All Rights Reserved. This document enclosing highly confidential information is the sole property of Scalar Market Research. No part of this document shall be reproduced, copied, quoted, circulated, or otherwise shared without prior approval of Scalar Market Research.

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Table of Contents 1

INTRODUCTION ............................................................................................................................. 12

2

MARKET OVERVIEW ...................................................................................................................... 13 2.1

Definitions ............................................................................................................................. 13

2.2

Research Methodology ......................................................................................................... 15 Primary Data ................................................................................................................. 15

2.2.2

Secondary Data ............................................................................................................. 16

2.2.3

Machine Learning.......................................................................................................... 17

2.2.4

Research Scope ............................................................................................................. 18

2.2.5

Years Considered .......................................................................................................... 19

2.2.6

Currency & Pricing......................................................................................................... 19

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2.2.1

Market Segmentation ........................................................................................................... 20

2.4

Key Objectives & Benefits of the Report............................................................................... 20

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2.3

2.4.1

Objectives of the Report ............................................................................................... 20

2.4.2

Key Benefits of the Report ............................................................................................ 21

EXECUTIVE SUMMARY .................................................................................................................. 22

4

MARKET DYNAMICS ...................................................................................................................... 28

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Drivers ................................................................................................................................... 28

4.2

Restraint ................................................................................................................................ 29

4.3

Opportunities ........................................................................................................................ 29

4.4

Trends ................................................................................................................................... 30

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4.1

INDUSTRY ANALYSIS...................................................................................................................... 31 5.1

Value Chain Analysis ............................................................................................................. 31

5.2

Ecosystem ............................................................................................................................. 32

5.3

Supply Chain Analysis............................................................................................................ 33

RTLS MARKET, BY TYPE ................................................................................................................. 34 6.1

Overview ............................................................................................................................... 34

6.2

Hardware .............................................................................................................................. 35

6.3

Software ................................................................................................................................ 36

6.4

Service ................................................................................................................................... 36

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7.1

Overview ............................................................................................................................... 37

7.2

RFID ....................................................................................................................................... 39

7.3

Wi-Fi ...................................................................................................................................... 39

7.4

Ultrasound ............................................................................................................................ 39

7.5

Infrared ................................................................................................................................. 39

7.6

ZigBee .................................................................................................................................... 39

7.7

Ultra-Wide Band (UWB) ........................................................................................................ 40

7.8

Others ................................................................................................................................... 40

RTLS MARKET, BY INDUSTRY ......................................................................................................... 41 Overview ............................................................................................................................... 41

8.2

Healthcare ............................................................................................................................. 44

8.3

Transportation & Logistics .................................................................................................... 45

8.4

Manufacturing ...................................................................................................................... 46

8.5

Process Industries ................................................................................................................. 47

8.6

Hospitality ............................................................................................................................. 48

8.7

Defense ................................................................................................................................. 49

8.8

Retail ..................................................................................................................................... 50

8.9

Education .............................................................................................................................. 51

8.10

Other Industries .................................................................................................................... 52

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RTLS MARKET, BY TECHNOLOGY ................................................................................................... 37

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RTLS MARKET, BY GEOGRAPHY ..................................................................................................... 53 9.1

Overview ............................................................................................................................... 53

9.2

North America ....................................................................................................................... 55

9.2.1

By Country ..................................................................................................................... 55

9.2.1.1

U.S. ............................................................................................................................ 56

9.2.1.2

Canada ...................................................................................................................... 57

9.2.2

By Type .......................................................................................................................... 57

9.2.3

By Technology ............................................................................................................... 57

9.2.4

By Industry .................................................................................................................... 58

9.3

Europe ................................................................................................................................... 60

9.3.1

By Country ..................................................................................................................... 60

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9.3.1.1

France........................................................................................................................ 61

9.3.1.2

Germany.................................................................................................................... 62

9.3.1.3

U.K ............................................................................................................................. 62

9.3.1.4

Rest of Europe ........................................................................................................... 62

9.3.2

By Type .......................................................................................................................... 63

9.3.3

By Technology ............................................................................................................... 63

9.3.4

By Industry .................................................................................................................... 64

Asia-Pacific ............................................................................................................................ 66

9.4.1

By Country ..................................................................................................................... 67

9.4.1.1

China ......................................................................................................................... 68

9.4.1.2

Japan ......................................................................................................................... 68

9.4.1.3

Australia .................................................................................................................... 68

9.4.1.4

Rest of Asia-Pacific .................................................................................................... 68

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9.4

By Type .......................................................................................................................... 69

9.4.3

By Technology ............................................................................................................... 69

9.4.4

By Industry .................................................................................................................... 70

9.5.1

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Rest of World ........................................................................................................................ 72

By Region....................................................................................................................... 73

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9.4.2

9.5.1.1

Middle East & Africa.................................................................................................. 74

9.5.1.2

Latin America ............................................................................................................ 74

9.5.2

By Type .......................................................................................................................... 74

9.5.3

By Technology ............................................................................................................... 75

9.5.4

By Industry .................................................................................................................... 75

10 COMPETITIVE LANDSCAPE ............................................................................................................ 77 10.1

Market Positioning ................................................................................................................ 77

10.2

Key Innovators ...................................................................................................................... 78

10.2.1

PINC Solutions ............................................................................................................... 78

10.2.2

BeSpoon SAS ................................................................................................................. 78

10.3

Key Vendor's Service Industries ............................................................................................ 79

11 KEY MARKET PLAYERS ................................................................................................................... 81 11.1

Zebra Technologies Corporation........................................................................................... 81

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11.1.1

Overview ....................................................................................................................... 81

11.1.2

Key Strategies................................................................................................................ 81

11.1.3

Recent Developments ................................................................................................... 81

11.2

Stanley Healthcare ................................................................................................................ 83

11.2.1

Overview ....................................................................................................................... 83

11.2.2

Key Strategies................................................................................................................ 83

11.2.3

Recent Developments ................................................................................................... 83

11.3

Savi Technology, Inc. ............................................................................................................. 85

11.3.1

Overview ....................................................................................................................... 85

11.3.2

Key Strategies................................................................................................................ 85

11.3.3

Recent Developments ................................................................................................... 85

Teletracking Technologies, Inc. ............................................................................................. 86

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Overview ....................................................................................................................... 86

11.4.2

Key Strategies................................................................................................................ 86

11.4.3

Recent Developments ................................................................................................... 86

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11.4.1

Ubisense Group..................................................................................................................... 87 Overview ....................................................................................................................... 87

11.5.2

Key Strategies................................................................................................................ 87

11.5.3

Recent Developments ................................................................................................... 87

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11.5.1

AiRISTA Flow ......................................................................................................................... 89

11.6.1

Overview ....................................................................................................................... 89

11.6.2

Key Strategies................................................................................................................ 89

11.6.3

Recent Developments ................................................................................................... 89

11.7

Identec Group AG ................................................................................................................. 90

11.7.1

Overview ....................................................................................................................... 90

11.7.2

Key Strategies................................................................................................................ 90

11.7.3

Recent Developments ................................................................................................... 90

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Centrak Inc. ........................................................................................................................... 91

11.8.1

Overview ....................................................................................................................... 91

11.8.2

Key Strategies................................................................................................................ 91

11.8.3

Recent Developments ................................................................................................... 91

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11.9

Awarepoint Corporation ....................................................................................................... 92

11.9.1

Overview ....................................................................................................................... 92

11.9.2

Key Strategies................................................................................................................ 92

11.9.3

Recent Developments ................................................................................................... 92

12 SCALAR 360 DEGREE MARKET PERSPECTIVE ................................................................................ 93 13 APPENDIX ...................................................................................................................................... 94 Acronyms .............................................................................................................................. 94

13.1

Related Reports..................................................................................................................... 95

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List of Tables Global RTLS Market – Executive Summary ....................................................................... 25

Table 2.

Global RTLS Market Drivers .............................................................................................. 28

Table 3.

Global RTLS Market Size (US$ million), By Type (2014 – 2022) ........................................ 34

Table 4.

Global RTLS Market Size (US$ million), By Technology (2014 – 2022) ............................. 38

Table 5.

Global RTLS Market Share (%), By Industry, 2016 & 2022 ................................................ 41

Table 6.

Global RTLS Market Size (US$ million), By Industry (2014 – 2022)................................... 42

Table 7.

Healthcare Market, By Geography.................................................................................... 44

Table 8.

Transportation & Logistics Market, By Geography ........................................................... 45

Table 9.

Manufacturing Market By Geography .............................................................................. 46

Table 10.

Process Industries Market By Geography ......................................................................... 47

Table 11.

Hospitality Market By Geography ..................................................................................... 48

Table 12.

Defense Market By Geography ......................................................................................... 49

Table 13.

Retail Market By Geography ............................................................................................. 50

Table 14.

Education Market By Geography ...................................................................................... 51

Table 15.

Other Industries Market By Geography ............................................................................ 52

Table 16.

Global RTLS Market Size (US$ million), By Geography (2014 – 2022) .............................. 54

Table 17.

North America RTLS Market Size (US$ million), By Country (2014 – 2022)...................... 55

Table 18.

RTLS Market in U.S., Market Size (US$ million), 2014 – 2022 and Y-o-Y Growth (%) ....... 56

Table 19.

RTLS Market in Canada, Market Size (US$ million), 2014 – 2022and Y-o-Y Growth (%) .. 57

Table 20.

North America RTLS Market Size (US$ million), By Type (2014 – 2022) ........................... 57

Table 21.

North America RTLS Market Size (US$ million), By Technology (2014 – 2022) ................ 57

Table 22.

North America RTLS Market Size (US$ million), By Industry (2014 – 2022) ..................... 58

Table 23.

Europe RTLS Market Size (US$ million), By Country (2014 – 2022) .................................. 60

Table 24.

RTLS Market in France, Market Size (US$ million), 2014 – 2022 and Y-o-Y Growth (%) .. 61

Table 25.

RTLS Market in Germany, Market Size (US$ million), 2014 – 2022 and Y-o-Y Growth (%) 62

Table 26.

RTLS Market in U.K, Market Size (US$ million), 2014 – 2022 and Y-o-Y Growth (%)........ 62

Table 27. (%)

RTLS Market in Rest of Europe, Market Size (US$ million), 2014 – 2022 and Y-o-Y Growth 62

Table 28.

Europe RTLS Market Size (US$ million), By Type (2014 – 2022) ....................................... 63

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Table 1.

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Table 29.

Europe RTLS Market Size (US$ million), By Technology (2014 – 2022) ............................ 63

Table 30.

Europe RTLS Market Size (US$ million), By Industry (2014 – 2022) ................................. 64

Table 31.

Asia-Pacific RTLS Market Size (US$ million), By Country (2014 – 2022) ........................... 67

Table 32.

RTLS Market in China, Market Size (US$ million), 2014 – 2022 and Y-o-Y Growth (%) .... 68

Table 33.

RTLS Market in Japan, Market Size (US$ million), 2014 – 2022 and Y-o-Y Growth (%) .... 68

Table 34.

RTLS Market in Australia, Market Size (US$ million), 2014 – 2022 and Y-o-Y Growth (%) 68

Table 35. RTLS Market in Rest of Asia-Pacific, Market Size (US$ million), 2014 – 2022and Y-o-Y Growth (%) 68 Asia-Pacific RTLS Market Size (US$ million), By Type (2014 – 2022) ................................ 69

Table 37.

Asia-Pacific RTLS Market Size (US$ million), By Technology (2014 – 2022) ..................... 69

Table 38.

Asia-Pacific RTLS Market Size (US$ million), By Industry (2014 – 2022) ........................... 70

Table 39.

Rest of World RTLS Market Size (US$ million), By Region (2014 – 2022) ......................... 73

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Table 36.

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Table 40. RTLS Market in Middle East & Africa, Market Size (US$ million), 2014 – 2022 and Y-o-Y Growth (%) 74 RTLS Market in Latin America, Market Size (US$ million), 2014 – 2022 and Y-o-Y Growth 74

Table 42.

Rest of World RTLS Market Size (US$ million), By Type (2014 – 2022) ............................ 74

Table 43.

Rest of World RTLS Market Size (US$ million), By Technology (2014 – 2022).................. 75

Table 44.

Rest of World RTLS Market Size (US$ million), By Industry (2014 – 2022) ....................... 76

Table 45.

List of Acronyms ................................................................................................................ 94

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Table 41. (%)

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List of Figures Figure 1.

Research Methodology ..................................................................................................... 18

Figure 2.

RTLS Market, By Industry, Technology, Geography, and Type ......................................... 20

Figure 3.

Global RTLS Market Revenue and Trend .......................................................................... 24

Figure 4.

Global RTLS Market Share (%), By Type, 2016 & 2022 ..................................................... 26

Figure 5.

Global RTLS Market Share (%), By Technology, 2016 & 2022........................................... 26

Figure 6.

Global RTLS Market Share (%), By Industry, 2016 & 2022 ................................................ 27

Figure 7.

Global RTLS Market Share (%), By Geography, 2016 & 2022 ........................................... 27

Figure 8.

RTLS Value Chain Analysis ................................................................................................. 31

Figure 9.

RTLS Ecosystem ................................................................................................................. 32 Supply Chain in RTLS Market......................................................................................... 33

Figure 11.

Global RTLS Market Share (%), By Type, 2016 & 2022 ................................................. 34

Figure 12.

Global RTLS Market Size (US$ million), By Type 2016 & 2022 ...................................... 35

Figure 13.

Global RTLS Market Share (%), By Technology, 2016 & 2022....................................... 37

Figure 14.

Global RTLS Market Size (US$ million), By Technology, 2016 & 2022 .......................... 38

Figure 15.

Global RTLS Market Size (US$ million), By Industry, 2016 & 2022 ............................... 43

Figure 16.

Healthcare Market Share (%), By Geography ............................................................... 44

Figure 17.

Transportation & Logistics Market Share (%), By Geography ....................................... 45

Figure 18.

Manufacturing Market Share (%), By Geography ......................................................... 46

Figure 19.

Process Industries Market Share (%), By Geography .................................................... 47

Figure 20.

Hospitality Market Share (%), By Geography................................................................ 48

Figure 21.

Defense Market Share (%), By Geography .................................................................... 49

Figure 22.

Retail Market Share (%), By Geography ........................................................................ 50

Figure 23.

Education Market Share (%), By Geography ................................................................. 51

Figure 24.

Other Industries Market Share (%), By Geography....................................................... 52

Figure 25.

Global RTLS Market Share (%), By Geography, 2016 & 2022 ....................................... 53

Figure 26.

Global RTLS Market Size (US$ million), By Geography, 2016 & 2022 ........................... 54

Figure 27.

North America RTLS Market Share (%), By Country, 2016 & 2022 ............................... 55

Figure 28.

North America RTLS Market Size (US$ million), By Country, 2016 & 2022 .................. 56

Figure 29.

North America RTLS Market Share (%), By Industry, 2016 & 2022 .............................. 58

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Figure 10.

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North America RTLS Market Size (US$ million), By Industry (2014 – 2022) ................. 59

Figure 31.

Europe RTLS Market Share (%), By Country, 2016 & 2022 ........................................... 60

Figure 32.

Europe RTLS Market Size (US$ million), By Country, 2016 & 2022............................... 61

Figure 33.

Europe RTLS Market Share (%), By Industry, 2016 & 2022 ........................................... 64

Figure 34.

Europe RTLS Market Size (US$ million), By Industry (2014 – 2022) ............................. 65

Figure 35.

Asia-Pacific RTLS Market Share (%), By Country, 2016 & 2022 .................................... 66

Figure 36.

Asia-Pacific RTLS Market Size (US$ million), By Country, 2016 & 2022 ........................ 67

Figure 37.

Asia-Pacific RTLS Market Share (%), By Industry, 2016 & 2022 .................................... 70

Figure 38.

Asia-Pacific RTLS Market Size (US$ million), By Industry (2014 – 2022) ....................... 71

Figure 39.

Rest of World RTLS Market Share (%), By Region, 2016 & 2022 .................................. 72

Figure 40.

Rest of World RTLS Market Size (US$ million), By Region, 2016 & 2022 ...................... 73

Figure 41.

Rest of World RTLS Market Share (%), By Industry, 2016 & 2022 ................................ 75

Figure 42.

Rest of World RTLS Market Size (US$ million), By Industry (2014 – 2022) ................... 76

Figure 43.

Market Positioning of Key players ................................................................................ 77

Figure 44.

RTLS Market Snapshot .................................................................................................. 93

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Figure 30.

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2 MARKET OVERVIEW 2.1 Definitions Real-time location system (RTLS) is used to identify and track the location of people or objects in real time. Primarily, the location of people or asset can be identified within a premises. For example, a RTLS system can identified medical device or equipment in hospital.

RTLS fixed reference points and tags can be receivers, transmitters or both. Real time location systems integrate with a system that offers active or passive information of location. In addition, this system is specially used in various logistics and warehouse companies to identify and track exact position of automobiles.

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In the report, global RTLS market has been categorized with respective segments;

Hardware, Software and Service

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as type, end-user, and geography.

By type, the global market is divided into three types of markets as hardware,

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software, and service. The hardware market is traced from the ground of infrared tags, badges, and other input and output (reader or transmitter) devices through

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which the whole process get executed and resulted in the desired form of location tracking. Additionally, software segment is traced from various solutions such as warehouse management, location, hospitality, and others. Service market is derived with various RTLS maintenance services as repairing, replacement, and upgradation of hardware and software.

Technology With respect to technology, the global RTLS market is divided into various technologies such as RFID, Wi-Fi, Ultrasound, Infrared, ZigBee, Ultra-Wideband (UWB), and others. Through wireless configuration, ultrasound RTLS system provides distinct product movement in specific zones. Additionally, ZigBee tiny transmitter are tagged into devices in a standardized format and all are attached to one central computer network. All these types of technologies help in RTLS enhancement with their ever developing nature and have gained momentum in RTLS market.

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2.2 Research Methodology We utilize a mix of primary research, secondary research, and machine learning algorithms to generate comprehensive data about market sizes and revenue forecasts. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.

2.2.1 Primary Data Structured interviews with industry specialists, VPs, CEOs, directors, technology consultants were taken in order to collect the key primary data. The primary data is

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focused on both the demand and supply sides of the market. Market Engineering

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has been carried out from the data and excessive analysis has been done on it.

Perspective

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Supply Side

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Primary data is also extensively considered while validating the secondary data.

Demand Side

    

Report Parameters

Key Industry Participants (KPIs)

Primary Research

Manufacturers Wholesalers Distributors End-users Consumers

Primary Sources        

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Suppliers Government Agencies Regulatory Bodies Research & Development Companies Investment Research Companies Business Consulting Service Providers Academic Institutions/Universities Venture Capitalists

2.2.2 Secondary Data The data from important secondary sources is utilized to obtain industry supply chains, company profiles, and other key areas such as market drivers, opportunities, trends from the market perspective. In addition, secondary data is gathered using paid databases such as Bloomberg, Hoovers, Factiva, and government publishing sources.

Secondary Research Company Annual Reports SEC Filings Financial Journals Trade Journals Market Journals Press Releases Directories White Papers Company Websites Magazines

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         

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Supply Side

Demand Side

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Market Size, Revenue, Industry Analysis, Value Chain Analysis, Technology Roadmap, Premium Industry Trends, End-user Analysis, Market Segmentation, Geographic Analysis, Key Market Players, Competitive Landscape

Perspective

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Report Parameters

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 Case Studies  Customer References

2.2.3 Machine Learning In addition to assigning weights to all the relevant market parameters, to quantify their market impact for generating projected market growth rate, we use advanced machine learning algorithms to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation and decision tree, among others, to derive the desired output.

Advantages of Machine Learning-based Forecasts Unlimited Data Highly Detailed Forecasts Profound Knowledge of Demand Broad applicability Customizable Model Identifies Drivers Analysis - Product, Value Chain, Supply Chain, Competitor

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Using Machine Learning for Data Forecast

     

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Perspective

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2.2.4 Research Scope

We have utilized the top-down, bottom-up approach to study the market size, industry dynamics, key regional markets, and major market trends. The global market has been estimated by integrating the regional markets, estimating the market data for the base year 2015 and annual share and revenue forecasts to 2022 in US$.

Figure 1. Research Methodology

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Top-down Global Market Size

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Market-specific Revenues of Key Players

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Global Market Size

Segment-specific Market Size

Regional

Total Revenues of Key Players

Market Size

Bottom-up

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2.2.5 Years Considered

Market Specifics

Report Scope

Historical Year

2014

Base Year

2015

Estimated Year

2016

Forecast Period

2016-2022

Revenue Currency

US$

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2.2.6 Currency & Pricing

million and US$ billion. 

Revenue is obtained from the annual company reports (For all the companies

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reporting their revenue in US$)

Revenue is converted as per the annual currency exchange rate for that particular year (For the companies reporting their revenue in currencies other than US$)

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The currency used in the report is the U.S. dollars, with market size indicated in US$

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2.3 Market Segmentation Figure 2. RTLS Market, By Industry, Technology, Geography, and Type

RTLS MARKET TECHNOLOGY

GEOGRAPHY

TYPE

Healthcare

RFID

North America

Hardware

Transportation & Logistics

Wi-Fi

Europe

Software

Manufacturing

Ultrasound

Asia-Pacific

Service

Process Industries

Infrared

Rest of World

Hospitality

ZigBee

Defense

UWB

Retail

Others

Other Industries

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Education

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INDUSTRY

Source: Scalar Market Research Analysis

2.4 Key Objectives & Benefits of the Report

2.4.1 Objectives of the Report ï‚·

To offer in-depth information about the key market drivers and restraints influencing the growth of this market during the forecast period

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

To analyze the major challenges and opportunities expected to play crucial role in the revenue and market size growth of the key players in this market



To forecast the market size, in terms of the market size and revenue for all its segments with respect the major geographic regions including North America, Europe, Asia-Pacific, Rest of World (Middle East & Africa, and Latin America)



To comprehensively analyze the strategic developments such as mergers & acquisition, new product launches, business expansions, and the new business agreements in the RTLS market



To define the high-growth segments of the market and offer in-depth analysis of the competitive landscape in the market for various key players

In-depth analysis of the market segments that will showcase the greatest

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2.4.2 Key Benefits of the Report

growth potential

Deeper understanding of the behavior of the key players and innovators influencing this market

Granular understanding of the historical market trend and the resultant market forecast

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Information about the technological advancements influencing the growth of the global market

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Extensive evaluation of all the market dynamics that will impact this market during the forecast period

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3 EXECUTIVE SUMMARY The objective of this report is to describe the market trends and revenue forecasts for the RTLS market for the next six years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.

The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, and opportunities in the

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physical security market. The scope of this report covers the RTLS market by its

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major segments, which include the type, technology, industry, and the major geographic regions.

Real-time location system (RTLS) was commercialized in 90s in hospitals with the

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requirement of location monitoring system. RTLS is a growing technology since then and its expand its presence to many industries such as, defense, hospitality,

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transportation, retail and many others. The advantage offered by real-time location system (RTLS) are enormous, despite the challenge of high initial investment.

Therefore, supplier of these solutions are gaining momentum on this and successfully increases their footprint in to other industries as well. The data generated by logs of RTLS systems huge and monetizing the same helps the organization to garner the holistic benefits of the real-time location system.

Moreover, industry also demands a solution which can track the complete life cycle of a product in real-time right from its assembling to its position on the shelf. On the other hand, privacy and data security is always a matter of discussion among the various industry stakeholder.

Disruptive technologies are driving the whole world & RTLS will have no escape in this regard. Innovative technologies such as ZigBee, Ultra-Wideband, RFID and many others proved as core driving trends in the RTLS market. Moreover, with recent technological advancements for passive ultra-wideband RTLS technology, the

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competitive landscape of RTLS has been changed from both cost and precision perspective, as passive UWB RTLS tags currently do not require batteries for their operation.

The multi-dimensional applications are the major trends seen in the global RTLS market. Emphasis on productivity, improving supply chain, reduction of inventory turnover time, efficient movement of logistics in business organization, and manufacturing units are the key factors enhancing demand of RTLS market.

Trending cloud-based deployment model in RTLS solutions could account for a sophisticated trend in this particular market. Optimum utilization of resource and operational efficiency is a pressing need of the manufacturing industry. In recent years security and surveillance need has increased in several government sectors such as homeland security, defense, federal offices, military, prisons, detention

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centers, and many others. RTLS's distinct applications, such as asset monitoring,

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improved the demand of RTLS.

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area surveillance, and record keeping capability in supply chain process have

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Figure 3. Global RTLS Market Revenue and Trend

6,000.0

32.5% 32.0%

CAGR: 31.6%

5,000.0

4,000.0 31.0% 3,000.0

30.5% 30.0%

2,000.0

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29.5%

2014

2015

2016

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1,000.0

2017

2018

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Source: Scalar Market Research Analysis

2020

Y-o-Y Growth Rate

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Market Size

2019

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29.0% 28.5%

2021

2022

Y-o-Y Growth Rate

Market Size (US$ Million)

31.5%

Market at Glance

 Global RTLS market to reach US$ XX million by 2022  The dominance of hardware market in type segment is anticipated to seen in upcoming years

 Healthcare in industry segment with a market share of around XX%  Manufacturing in the same industry segment to be the fastest growing with a CAGR of XX% in the forecasted period

 U.S. dominates the market among the geography, as a result North America is anticipated to continue the dominance over the market till 2022

 Asia-Pacific is expected to see significant growth and reach US$ XX million by 2022

E

Table 1. Global RTLS Market – Executive Summary

Market Size (US$ Millions)

Total

M

Largest Segment, by Revenue - Hardware

Type

2016

2022

CAGR% (2016 – 2022)

1047.7

5436.2

31.6%

PL

Global RTLS Market

Technology

Largest Segment, by Revenue - Wi-Fi

Industry

Largest Segment, by Revenue - Healthcare

Geography

SA

Fastest Growing Segment - Service

Largest Segment, by Revenue North America

Fastest Growing Segment - UWB

Fastest Growing Segment - Manufacturing

Fastest Growing Segment - APAC

Source: Scalar Market Research Analysis

25

4 MARKET DYNAMICS 4.1 Drivers Table 2.

Global RTLS Market Drivers Drivers

2014-16

2017- 19

2020-22

Elevating traction for UWB and ZigBee technologies

Source: Scalar Market Research Analysis



E

● Very High Impact, ◕High Impact, ◑Medium Impact

PL

Note:

Elevating traction for UWB and ZigBee technologies o The market recognized the rising adoption of UWB and ZigBee

M

technologies in RTLS solutions. This is owing to high degree of accuracy in asset tracking and management provided by these

SA

technologies.

o ZigBee addresses the specific needs of sensory network and remote control and monitoring applications using the IEEE 802.15.4 standard.

Moreover, it enables wide deployment of wireless networks with low power and low cost solutions. o As passive UWB RTLS tags currently do not require batteries for their operation and making cost effective, the RTLS market is moving towards more competitiveness with improved precision and reduced cost. 

Demand of optimum resource allocation o Emphasis on productivity, improving supply chain, reduction of inventory turnover time, efficient movement of logistics in business organization, along with manufacturing units are the key factors enhancing demand of RTLS market.

28

5 INDUSTRY ANALYSIS 5.1 Value Chain Analysis Figure 8. RTLS Value Chain Analysis

RTLS Providers

Industry

Source: Scalar Market Research Analysis

PL

•Staff Monitoring •Asset Tracking

M

Solution Provider

E

• Zebra Technologies Corp.

• Ubisense Group • AiRISTA Flow • Identec Group AG • Stanley Healthcare • Awarepoint Corporation • Centrak Inc.

• Transportation & Logistics • Process Industries • Healthcare • Manufacturing • Retail • Defense • Others

End-user Industry

SA

Value chain of the global RTLS market comprises several key processes, such as: 

Solution Provision



Staff Monitoring



Asset Tracking



Industry Verticals

31

6 RTLS MARKET, BY TYPE 6.1 Overview The RTLS market is primarily segmented into three types of offerings as, hardware, software and service. According to the analysis, it is expected that the hardware holds the majority of the market share and will remain the same over the forecasted period. The software market was valued US$ XX million in 2015, and expected to reach US$ XX million by 2022. However, Service segment is expected to grow at a fastest CAGR of XX%, as consumers are looking to for holistic RTLS solutions.

The said market is driven by advantages offered by RTLS system, and process optimization through deployment of said technology into different industries.

Development of cloud-based RTLS system and data monetization further enabling

E

the growth of the market.

PL

Figure 11. Global RTLS Market Share (%), By Type, 2016 & 2022

M

30.6%

33.9%

39.6%

36.9%

Software

2022

SA

2016

Hardware

29.8%

Service

29.2%

Source: Scalar Market Research Analysis

Table 3.

Type

Global RTLS Market Size (US$ million), By Type (2014 – 2022) 2014

2015

2016

2017

2018

2019

2020

2021

2022

CAGR%(2016-2022)

Hardware Software Service Total

31.6%

Source: Scalar Market Research Analysis

34

Figure 12. Global RTLS Market Size (US$ million), By Type 2016 & 2022

2016

2022

2,006.1 1,841.3

414.8

PL

311.8



Service

SA

6.2 Hardware

Software

321.0

M

Hardware Source: Scalar Market Research Analysis

E

US$ Million

1,588.8

RTLS market has hardware components like tags and reader or transmitter, and software platforms like W-LAN systems. The price of the tags and readers varies as per their range and technology. RTLS technology functions with several hardware components like tags or wedges and transmitter or readers.



One of the leading company of RTLS market "Ubisense" offers wide range of tags depending on various parameters like dimensions, power source, peripheral interfaces, mounting options, battery life, and many more.

Location engine component enables rapid and consistent communication along with easy interfacing of software applications.

35

7 RTLS MARKET, BY TECHNOLOGY 7.1 Overview In the present time, RTLS is attaining significant growth rate as the RTLS technologies are having numerous advantages such as high accuracy (upto 10 cm), and tracking of multiple tags in the specific zone, less interference with other signals and it meets HIPAA standards for privacy in healthcare applications. Growing investments in RTLS technology along with advanced technical features are important factors driving the raid market.

The primary technologies in RTLS are RFID, Wi-Fi, Ultrasound, Infrared, ZigBee, UWB, and others. Among these, Wi-Fi technology is expected to hold the majority of market share, and is anticipated to reach US$ XX million by 2022. UWB based RTLS

E

solutions is expected to grow at highest CAGR of XX% followed by RFID during the forecast period. Accuracy, tag density, insulation from electromagnetic interference

PL

(EMI) are some key benefits which enables the growth of UWB based RTLS

M

solutions.

9.3% 3.9%

SA

Figure 13. Global RTLS Market Share (%), By Technology, 2016 & 2022

23.5%

11.2%

RFID

2.2%

2.3%

10.3%

25.7%

3.3%

Wi-Fi

Ultrasound 10.4%

2016 8.0%

2022 7.8%

Infrared ZigBee UWB

41.8%

40.3%

Others Source: Scalar Market Research Analysis

37

8 RTLS MARKET, BY INDUSTRY 8.1 Overview The real-time location system (RTLS) market in manufacturing is expected to register the highest growth rate as this investment garner high return on investment (ROI) in quick payback time. It can be deployed across the enterprise or to a single location as well. The deployment of RTLS system helps to reduce inventory, labour, transportation, and administrative costs. Wi-Fi and RFID are the most used RTLS technology into manufacturing segment and such solution are offered by Zebra Technologies Corporation, Awarepoint Corporation, and few others.

Among all the industry verticals, Healthcare is expected to hold major chunk of the market share with a CAGR of XX%. However Manufacturing industry is anticipated

Global RTLS Market Share (%), By Industry, 2016 & 2022

2.7% 4.3% 2.3%

10.1%

9.2% 42.4%

SA

4.4%

M

Table 5.

PL

E

to grow at higher CAGR of XX% and is believed to reach US$ XX million by 2022.

2016

7.8%

18.1%

Healthcare

2.2%

3.5%

Transportation & Logistics

1.1%

Manufacturing

3.7% 43.1%

7.3%

2022

Process Industries Hospitality

Defense Retail

20.1%

8.8%

8.9%

Education Others

Source: Scalar Market Research Analysis

41

9 RTLS MARKET, BY GEOGRAPHY 9.1 Overview The RTLS is attaining high growth in both developed and developing countries. The global RTLS market is segmented into several geographical regions such as North America, Europe, Asia-Pacific, and Rest of World. Among these North America is the biggest market holding approximately XX% of the total RTLS market and anticipated to maintain the same position over the forecasted period.

However, industrial manufacturing, transportation, retail & ecommerce industries are expected to drive the growth for Real-time location system market in Asia-Pacific.

The said market is expected to grow at highest CAGR XX% among other region

E

between 2016 and 2022.

PL

Figure 25. Global RTLS Market Share (%), By Geography, 2016 & 2022

15.5%

19.6%

SA

2016

M

39.7% 17.5%

North America

15.9%

38.8%

Europe

2022 Asia- Pacific

27.3%

25.8%

Source: Scalar Market Research Analysis

53

RoW

Table 16. Global RTLS Market Size (US$ million), By Geography (2014 – 2022)

Geography

2014

2015

2016

2017

2018

2019

2020

2021

2022

CAGR % (20162022)

North America Europe AsiaPacific RoW Total

31.6%

Source: Scalar Market Research Analysis

E

Figure 26. Global RTLS Market Size (US$ million), By Geography, 2016 & 2022

2,107.0

2022

PL

2016

415.6

SA

M

USD Million

1,400.9

1,066.6 861.7

286.4

North America

183.0

Europe

Asia- Pacific

Source: Scalar Market Research Analysis

54

162.7

RoW

10 COMPETITIVE LANDSCAPE 10.1 Market Positioning

PL

E

Low

Industry Penetration

High

Figure 43. Market Positioning of Key players

Low

High

Product Diversification

(The size of the bubble represents Strategic Development)

Teletracking Technologies, Inc.

Savi Technology, Inc.

Ubisense Group

AiRISTA Flow

Centrak Inc.

Awarepoint Corporation

SA

Identec Group AG

Stanley Healthcare

M

Zebra Technologies Corporation

Source: Scalar Market Research Analysis

The above figure represents market positioning of key players in the RTLS market.

The positioning is derived through adequate study based upon product diversification, industry penetration, and recent strategic developments. Product diversification range is analyzed with study of various product categories and type of services offered by the respective vendors. Additionally, applications serving multiple industry verticals are accounted for the scale of industry penetration. However, business development strategies including cross border partnerships, new product launch and acquisitions are the key factors involved in the decision making of strategic development.

77

13 APPENDIX 13.1 Acronyms Table 45. List of Acronyms Expansion

APAC

Asia-Pacific

CAGR

Compound Annual Growth Rate

Corp.

Corporation

Inc.

Incorporated

IoT

Internet of Things

E

Acronym

MEA

Middle East & Africa Not Available

PL

NA RFID

Radio-frequency identification

U.S. / USA UWB

Real Time Location System

SA

RTLS U.K.

Rest of World

M

RoW

United Kingdom United States of America Ultra-Wide Band

Y-o-Y

Year on year

Source: Scalar Market Research Analysis

94