Lucintel’s latest market report analyzed that real-time location system provides attractive opportunities in the healthcare, manufacturing & automotive, transportation & logistic vertical, and retail industries. The real-time location system market is expected to grow at a CAGR of 23% to 25%. In this market, hardware is the largest segment by component, whereas healthcare is largest by end use industry. .
Download Brochure of this report by clicking on https://www.lucintel.com/real-time-location-system-market.aspx Based on component, the real-time location system market is segmented into hardware and software. The hardware segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to the abundant availability of affordably priced sensors and growing awareness of the benefits of RTLS technology.
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The Real-Time Location System Market is marked by the presence of several big and small players. Some of the prominent players offering real-time location system include Stanley Black & Decker Inc., Redpine Signals Inc, Zebra Technologies Corp., Versus Technology, Inc., Lockheed Martin Corporation, Sonitor Technologies, TeleTracking Technologies, Inc., CenTrak, DecaWave Limited, and Ubisense Ltd.
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