From GlobeNewswire: 2024-07-31 08:00:00

The global RTLS market is projected to reach USD 16.2 billion by 2028, with a CAGR of 25.5% from 2023. RTLS solutions streamline asset location, benefiting various industries such as transportation and healthcare. Major companies in the market include Zebra Technologies and Aruba Networks. The hardware sector is expected to dominate the market, with a growing demand for hybrid RTLS solutions combining different technologies for better accuracy and efficiency. UWB technology is set to witness the highest growth due to its accuracy and unique capabilities. The Asia Pacific region is forecasted to experience the highest CAGR, driven by increased adoption in the manufacturing and healthcare sectors. Challenges include lack of uniform standards and interoperability in RTLS solutions, prompting companies to focus on selecting a single vendor for compatibility.



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