Real-time Location Systems Industry worth $16.2 billion by 2028
Real-Time Location System (RTLS) Market Overview The Real-Time Location System (RTLS) market has experienced significant growth over recent years, driven by advancements in technology and increasing demand across various sectors. RTLS is a technology used to automatically identify and track the location of objects or people in real-time, usually within a confined area, such as a building or campus. These systems utilize wireless technologies such as Wi-Fi, RFID, Bluetooth, and UWB (ultra-wideband) to provide accurate location data. Market Driver Healthcare Sector Demand : The healthcare industry has been one of the primary drivers of RTLS adoption. Hospitals and clinics use RTLS to track medical equipment, patients, and staff, ensuring efficient use of resources and improving patient care. For instance, tracking patient movement can help prevent falls and ensure timely medical interventions. Manufacturing and Logistics : In manufacturing and logistics, RTLS helps in tracking asset...