The Healthcare Sector to Dominate the Europe RTLS Market
" The Europe RTLS market is expected to witness a double-digit CAGR during the forecast period 2019–2025 "
Bangalore, India, October, 9 2019: According to recently published study “Europe Real-Time Location System (RTLS) Market – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025”, Infoholic Research forecasts that the Europe RTLS market will grow significantly in the years to come, owing to the factors such as increasing use-cases of RTLS across industries, increasing investment in workflow automation, and increasing adoption of RTLS solutions in the manufacturing sector.
Real-time location system (RTLS) is a type of positioning system used to identify, locate, and track objects in real-time through automatic and continuous feedback. RTLS solutions use software location engine that calculates the location of a tag attached to an item by using angle of arrival (AoA), time difference of arrival (TDoA), and/or radio signal strength indicator (RSSI). RTLS solutions can be deployed through various communication technologies, including UWB, RFID, and WiFi, among many others. Choosing the appropriate technology is largely dependent on the type of application, use environment, and compliance requirements.
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The Europe RTLS market is segmented on the basis of component, technology, industry vertical, and country. In terms of technology, the market is segmented into WiFi, UWB, RFID, infrared (IR), ultrasound, Bluetooth, GPS, and others. Among these, UWB is identified as the fastest-growing segment and is expected to contribute a significant market share by 2025.
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In 2018, Germany had the largest share in the Europe RTLS market and is likely to maintain its market dominance throughout the forecast period. This is mainly due to the high preference for workflow automation tools and solutions across industries.
“Increasing reliance on RTLS technologies for workflow optimization across industries is contributing to the growth of the Europe RTLS market.” – Delsingh Bright, Sr Research Analyst, Infoholic Research
Key insights of the report include:
- Europe RTLS Market Analysis, By Technology
- Infrared (IR)
- Europe RTLS Market Market Analysis, By Component
- Europe RTLS Market Market Analysis, By Industry Vertical
- Transportation & Logistics
- Sports & Entertainment
- Oil & Gas
- Europe RTLS Market Market Analysis, By Country