Real Time Location Systems Market Growth Analysis - Market Size, Share, Forecast Trends and Outlook Report (2025-2034)

The global real time location systems market size reached around USD 8.96 Billion in 2024. The market is projected to grow at a CAGR of 24.50% between 2025 and 2034 to reach nearly USD 80.17 Billion by 2034.

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Global Real Time Location Systems Market Growth

With the continuous growth of average warehouse size each year, the warehouse industry is witnessing an increasing demand for space over 181,370 sq. ft. By the end of 2024, 87% of managers involved in the warehousing industry intent to extend their warehousing units, with 77% of organisations shifting towards the implementation of automated warehousing systems to maximise data-based decision-making. This is expected to favourably impact the real time location systems market dynamics in the coming years.

Around 38% of all US warehousing companies are planning to integrate barcode scanners and SKUs (stock-keeping units) into their facilities, which can substantially reduce their labour costs (comprising 50%-70% of the company’s budget). Around 89% of all warehousing distribution centres rely on racks and shelves for inventory management. With the shift towards RLTS, companies can substantially streamline their operational workflows and enhance their productivity. This is expected to drive the real time location systems market expansion in upcoming years.

Over the forecast period, Wi-Fi-based RTLS are expected to become increasingly popular due to their cost-effectiveness and scalability, which makes them ideal for indoor environments such as hospitals and offices. This is expected to favour the demand for BLE (Bluetooth in Low Energy Tags) which are renowned for the development of proximity-based applications and low power consumption features.

Key Trends and Developments

The establishment of smart cities; technological advancements; miniaturisation of RTLS hardware; and integration of RTLS with AI and ML are the major factors favouring the real time location systems market growth

July 2024

Spectralink, a leading provider of enterprise mobile solutions, announced a collaboration with Sonitor, an RTLS provider company, to integrate Sonitor MDuress technology into Spectralink Versity 97 and Spectralink Veristy 95 smartphones. This is expected to enhance the safety and security of healthcare professionals in challenging settings.

April 2023

Siemens introduced its "Location Intelligence" software at an exhibition show “PROMAT 2023” to diversify its range of solutions for warehousing performance management. This enhances its SIMATIC RTLS platform and is expected to provide a comprehensive real-time analysis of order status and material flow to improve the efficiency and quality of operations.

November 2021

Halma plc, a UK-based company, acquired Infinite Leap Inc, a leading healthcare consultancy and RLTS service provider to supplement its existing offerings under its medical business, “CenTrak”.

July 2020

Advantech, a Taiwan-based manufacturer of industrial computing platform solutions, launched its real-time location system (RTLS) solution-ready package (SRP) that was designed for real-time location and monitoring of patients, staff, and medical equipment manufacturers. This is expected to reduce documentation errors, increase equipment utilisation, and improve hospital workflows.

Establishment of smart cities

RTLS can contribute to enhancing the levels of public safety in smart cities by facilitating resource management and urban planning.

Technological advancements

Technological breakthroughs in Bluetooth Low Energy (BLE) technology have enabled the precise tracking of people and objects down to the centimetre level in manufacturing, retail, and healthcare settings. This is expected to fuel the real time location systems market development.

Miniaturisation of RTLS hardware

The miniaturisation of RTLS hardware can fuel the development of energy-efficient RFID sensors and tags, which can make it simpler to track small-size objects and deploy different systems in diverse environments.

Integration of RTLS with AI and ML

By integrating RTLS with artificial intelligence and machine learning tools, machines can become capable of performing automated decision-making and predictive analysis tasks, thereby driving operational efficiency.

Global Real Time Location Systems Market Trends

The increasing application of RTLS in the healthcare industry is expected to lead to the market growth. As per the real time location systems market analysis, healthcare professionals are 5 times more vulnerable to experiencing hostility at the workplace. This poses significant risks related to the incapacitation of people on duty. Around 44% of healthcare professionals prioritise workplace safety before choosing where to work.

Global Real Time Location Systems Industry Segmentation

The EMR’s report titled “Global Real Time Location Systems Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Offering:

• Hardware
• Software
• Service

Market Breakup by Technology:

• RFID
• Wi-Fi
• Ultra- Wideband
• BLE
• Ultrasound
• Infrared
• GPS
• Others

Market Breakup by Application:

• Inventory tracking and management
• Personnel locating and monitoring
• Access control and security
• Environmental monitoring
• Supply chain management and automation
• Others

Market Breakup by Industry Vertical:

• Healthcare
• Manufacturing and Automotive
• Retail
• Transportation and logistics
• Government
• Education
• Oil, gas, and mining
• Sports and entertainment
• Others

Market Breakup by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Global Real Time Location Systems Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-32, the market for RTLS in the Asia Pacific is estimated to grow at a CAGR of 28.2% due to the growth of the logistics industry. Moreover, the real time location systems market revenue is increasing due to the introduction of new hardware, software, and service offerings.

Leading Companies in the Global Real Time Location Systems Market

Major players are developing miniature hardware tools for RLTS, which is fuelling the real time location systems market expansion.

GE HealthCare Technologies Inc.

GE HealthCare Technologies Inc. was founded in 1892 and is headquartered in Chicago, United States. It is a healthcare and biotechnology company that is engaged in providing technological solutions and data analytics tools to the industry.

Midmark Corporation

Midmark Corporation was founded in 1915 and is headquartered in Ohio, United States. It specialises in manufacturing medical examination tables, diagnostic products, sterilisers, veterinary equipment, and other healthcare solutions with high technological capabilities.

Sonitor Technologies

Sonitor Technologies was founded in 1997 and is headquartered in Oslo, Norway. It specialises in developing real-time location systems, indoor locating and tracking devices, and asset tracking and management software, amongst other solutions.

Siemens AG

Siemens AG was founded in 1847 and is headquartered in Munich, Germany. It specialises in designing innovative technological solutions for the infrastructure and transportation industry, apart from the energy industry.

Other players included in the real time location systems market report are Zebra Technologies Corporation, Impinj, Inc., AiRISTA, Savi Technologies Inc., Halma plc, and Qorvo Inc., among others.
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