Real Time Location System (RTLS) Market Strategies and Forecasts 2025 FMI | Page 3

Report
Description
Report Description
RTLS Market Overview
Real time location system (RTLS) helps in identifying and tracking geographical location of
objects and people automatically, in real time. Generally, RTLS is used within building or facility
area. In RTLS system, wireless RTLS tags or badges are attached to objects or sometimes worn by
people and signals transmitted from this tags are received by one fixed reference points which
helps in finding the exact location of that particular tag. RTLS contains location sensors, location
readers, battery powered tags, application software and network infrastructure.
RTLS market share is growing rapidly because of enhanced capability of real time tracking in
different business processes. Advantages of RTLS are accuracy, increased productivity and
operational excellence. RTLS provide accurate tracking of desired objects which ultimately
results into increase in productivity. RTLS also provides some additional benefits, such as
improvement in safety and security of staff, efficient and effective logistic & supply chain
operations, and smooth process operations.
RTLS Market Dynamics
Global Real Time Location System (RTLS) market is expected show high growth in the near
future. The factors which are driving the growth of RTLS market are increasing government
initiatives, heavy investment in RTLS technology, increasing applications into various industries,
and advanced features of RTLS. On the other hand, factors which are restraining the market
growth are high cost involved in deployment, privacy & security concerns, and technical issues
with the system. Industrial manufacturing sector is expected to provide remarkable
opportunities to RTLS market during forecasted period. Market growth of RTLS is further fuelled