COVID-19 Impact & Recovery Analysis - Real-Time Location Systems (RTLS) Market (2020-2024) | The Reduced Cost Of RFID Tags to Boost Growth | Technavio
Technavio has been monitoring the real-time location systems (RTLS) market and it is poised to grow by $ 19.03 bn during 2020-2024, progressing at a CAGR of 47% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Real-Time Location Systems (RTLS) Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AiRISTA Flow Inc., General Electric Co., Halma Plc, HP Inc., Link Labs Inc., Sewio Networks Sro, Sonitor IPS Holding AS, Stanley Black & Decker (News - Alert) Inc., Ubisense Ltd., and Zebra Technologies Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The reduced cost of RFID tags has been instrumental in driving the growth of the market. However, high implementation costs might hamper market growth.
Real-Time Location Systems (RTLS) Market 2020-2024 : Segmentation
Real-Time Location Systems (RTLS) Market is segmented as below:
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Real-Time Location Systems (RTLS) Market 2020-2024 : Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our real-time location systems (RTLS) market report covers the following areas:
This study identifies the rising demand for RTLS in transportation and logistics as one of the prime reasons driving the real-time location systems (RTLS) market growth during the next few years.
Real-Time Location Systems (RTLS) Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the real-time location systems (RTLS) market, including some of the vendors such as AiRISTA Flow Inc., General Electric Co., Halma Plc, HP Inc., Link Labs Inc., Sewio Networks Sro, Sonitor IPS Holding AS, Stanley Black & Decker Inc., Ubisense Ltd., and Zebra Technologies (News - Alert) Corp. Backed with competitive intelligence and benchmarking, our research reports on the real-time location systems (RTLS) market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Real-Time Location Systems (RTLS) Market 2020-2024 : Key Highlights
Table Of Contents :
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Solution
Volume Driver - Demand led growth
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