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Showing posts with the label Asset Tracking

Indoor Positioning and Navigation Market - Forecast(2021 - 2026)

 The global Indoor Positioning and Navigation market was valued at $6.92 billion in 2017 and is projected to grow to $23.6 billion in 2023 at a CAGR of 27.9%. Developed countries in North America and Europe remain the largest market for Indoor Positioning and Navigation Systems sales which accounts for a major share in the global market. The USA is a major market in for Indoor Positioning and Navigation in Americas accounting around 40% share in the global market. The market in the USA was valued at $2.78 billion in 2017 and is anticipated to grow to $9.58 billion in 2023 at a CAGR of 28.1%. In the Asia Pacific, China and Japan are the major contributors in this market. The market in the Asia Pacific is rapidly growing owing to the increased penetration and growing applications of indoor positioning and navigation in aviation, healthcare, logistics etc., at a CAGR of 31.8% and it is expected to reach $7.52 billion by 2023. The European market is expected to reach $8.75 billion in 2...

Real Time Location Systems (RTLS) in Healthcare Market - Forecast(2021 - 2026)

 Real Time Location Systems are those used for tracking the objects using different technologies. These real time location systems are also employed in the hospitals for improving the facilities to the patients and also helps in tracking the assets that is the equipment and other medical devices. The market for real time location systems was estimated to be $1200 million and is expected to reach by $3442.20 million by 2023 at an estimated CAGR of 19.2%. Active RFID tags have accounted for the major share in the market generating a revenue of $1045.57 million in 2017 and is projected to grow at a CAGR of 17.4% during the forecast period (2018-2023). North American region holds the highest share in the market with a revenue of $644.42 million in 2017. Real Time Location Systems Market Outlook: Real Time Location Systems are used in healthcare to improve the workflow and increase the clinical quality. Different types of software and hardware are being used to track the data. Hardwar...