New ARC Advisory Group research on the Real-time Location Systems (RTLS) market reveals that the year 2020 was supposed to be a very good growth year for RTLS as the benefits of real-time location technologies were getting recognized in manufacturing areas. However, the COVID-19 pandemic has disrupted the market expectations in terms of growth. Many user companies have delayed their planned investments for real-time location systems as installation of RTLS infrastructure has become a key challenge in 2020 due to no access to sites as per COVID-19 safety measures. Looking at the year 2021, the real-time location systems market is already back on its growth path again, and many RTLS suppliers have started experiencing very good growth rates, especially from the beginning of the second quarter.
“There is a growing need for real-time visibility into the most important areas of the industrial operations across multiple locations or a specific area–assets, work-in-process (WIP), heavy mobile machinery, automated guided vehicles (AGVs), and robots. Digitalization, Industrial IoT, and the demand for stable and reliable real-time location systems technologies to position moving objects precisely is accelerating. RTLS applications have become more practical as they have had much clearer results in the recent past. Also, a clear understanding of the challenges, needs, and vision for solutions has been evolving,” according to Naresh K. Surepelly, Senior Analyst at ARC Advisory Group and key author of ARC’s Real-time Location Systems Global Market Research report.
Leading Suppliers to the Real-time Location Systems Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading machine builders to this market and provides and summarizes their relevant offering. In alphabetical order, these include Aruba, Cisco Systems, Impinj, and Zebra Technologies.
About the Real-time Location Systems Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the real-time location systems market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by revenue type (Hardware, Software, Services), technology type (BLE, RFID, UWB, Wi-Fi, other), industry, application type, sales channels, and customer type.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes up to two years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Presentation Market Analysis Report (PDF) – This wide-screen presentation format makes it much easier to find detailed information on a market. This new format provides executives, business unit managers, and other authorized users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
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