New ARC Advisory Group research on the Real-time Location Systems (RTLS) market reveals that the market is in a double-digit growth phase, which most emerging technologies go through when they really start to take off. This phase is characterized by aggressive proliferation of new competitors and technology innovators and accompanied by partnerships and acquisitions among major industrial automation suppliers and traditional real-time location systems solutions providers.
“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-progress (WIP), heavy mobile machinery, automated guided vehicles (AGVs), and robots. Digitalization, Industrial IoT, analytics, and the need for asset tracking and reliable and accurate location data of assets at the right time to the right people are creating a demand for real-time location systems,” 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.
“As more users adopt real-time locating solutions, they push more different use cases and find the limits of where their chosen technologies don't exactly work well enough. Together, these lead to users wanting a platform to both insulate them from technology change and allow them to better manage a mix of real-time location technologies,” added Naresh.
About the Real-time Location Systems Research
This ARC research explores current 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 RTLS technologies, hardware, revenue category, industry, and applications.
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 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 Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.