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.
Base Year
Historical Year
Forecast Year
| Global Real Time Location Systems (RTLS) Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 7.20 |
| Market Size 2032 | USD Billion | 51.74 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 24.5% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 28.2% |
| CAGR 2024-2032 - Market by Country | India | 30.1% |
| CAGR 2024-2032 - Market by Country | China | 27.0% |
| CAGR 2024-2032 - Market by Technology | Ultra- Wideband | 31.4% |
| CAGR 2024-2032 - Market by Offering | Service | 33.7% |
| Market Share by Country 2023 | India | 3.6% |
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.
Value in USD Billion
2025-2034
Real Time Location Systems Market Outlook
*this image is indicative*
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
RTLS can contribute to enhancing the levels of public safety in smart cities by facilitating resource management and urban planning.
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.
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.
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.
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.
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:
Breakup by Offering
Breakup by Technology
Breakup by Application
Breakup by Industry Vertical
Breakup by Region
| CAGR 2024-2032 - Market by | Country |
| India | 30.1% |
| China | 27.0% |
| UK | 22.4% |
| USA | 21.8% |
| Germany | 20.2% |
| Canada | XX% |
| France | XX% |
| Italy | XX% |
| Japan | XX% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
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.
Major players are developing miniature hardware tools for RLTS, which is fuelling the real time location systems market expansion.
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 was founded in 1915 and is headquartered in Ohio, United States. It specialises in manufac...
Sonitor Technologies was founded in 1997 and is headquartered in Oslo, Norway. It specialises in developing re...
Siemens AG was founded in 1847 and is headquartered in Munich, Germany. It specialises in designing innovative...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
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.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2024, the market reached an approximate value of USD 8.96 Billion.
The market is projected to grow at a CAGR of 24.50% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 80.17 Billion by 2034.
The different regions considered in the market report include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The different offerings in the market are hardware, software, and services.
The different applications of RTLS include inventory tracking and management, personnel locating and monitoring, access control and security, environmental monitoring, and supply chain management and automation, among others.
The different industry verticals covered in the market report are healthcare, manufacturing and automotive, retail, transportation and logistics, government, education, oil gas and mining, and sports and entertainment, among others.
Key players in the market are GE HealthCare Technologies Inc., Zebra Technologies Corporation, Impinj, Inc., AiRISTA, Savi Technologies Inc., Halma plc, Qorvo Inc., Sonitor Technologies, Siemens AG, and Midmark Corporation, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Offering |
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| Breakup by Technology |
|
| Breakup by Application |
|
| Breakup by Industry Vertical |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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