The RTLS market is estimated to be valued at USD 3.9 billion in 2021 and reach USD 12.7billion by 2026, at a CAGR of 26.5%.Real-time location systems (RTLS) are local positioning and tracking systems used to locate and identify objects/people/targets automatically in real time, usually for indoor applications such as within buildings or other contained areas. RTLS tags/badges/sensors attached to objects or worn by people communicate wirelessly with fixed receivers/readers/trackers/exciters/reference points/access points installed in the vicinity. RTLS is not a specific type of system or technology but rather a goal that can be accomplished with a variety of systems for locating and managing assets/people. An RTLS may use different technologies for communication between tags and receivers, depending on the application/use case requirement. Various technologies, such as radio-frequency identification (RFID), wireless fidelity (Wi-Fi), ultrasound, infrared or infrared radiation (IR), ultra-wideband (UWB), and Bluetooth Low Energy (BLE), are used for precise locating or tracking applications in real time.
Read more: Real-time Location Systems Market by Offering (Hardware, Software, Services), Technology, Vertical...
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