Real-Time Location System (RTLS) Market Size to Reach USD 23.13 Billion by 2026 - Valuates Reports
BANGALORE, India, May 29, 2020 /PRNewswire/ -- RTLS is used to automatically identify and monitor the real-time position of objects or individuals, typically in a building or other enclosed space. The RTLS consists of a tag attached to objects or individuals, and the signals transmitted from this tag are analyzed with respect to a fixed reference point, which helps to find the exact position of the person or entity.
The global Real-time Location System market size was valued at USD 2.83 Billion in 2018 and is projected to reach USD 23.13 Billion by 2026, growing at a CAGR of 30.2 percent between 2019 and 2026.
The COVID -19 pandemic has spread to nearly 100 countries across the globe since the outbreak in December 2019. The global impacts of the 2019 coronavirus disease (COVID-19) are already starting to be felt and will affect the RTLS Market size significantly in 2020.
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RTLS MARKET SHARE ANALYSIS
KEY MARKET SEGMENTS
By Industry Vertical
Key Market Players
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