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The growth of the real-time location systems market is being fueled by the increasing adoption of ultra-wideband (UWB) technology-based Real-Time Location System solutions that provide highly accurate positioning data as well as high accuracy and range with low power consumption. UWB-based RTLS solutions are being requested by end-user industries such as healthcare, manufacturing, and logistics to improve efficiency, reduce lead times, and lower costs. In addition, the sports, entertainment, and automotive industries are driving the market growth. Indoor tracking is encouraging the healthcare industry to adopt RTLS, which is expected to drive market growth in the coming years.
BLE (Bluetooth Low-Energy) solutions are less expensive and easier to integrate with existing systems and devices, and they can detect objects from a distance of up to 1.5 meters. As a result, they are increasingly being used in a variety of healthcare applications. As a result, the market for real-time location systems is being propelled forward by the growing use of BLE solutions. RTLS' ability to analyze and eliminate workflow bottlenecks, as well as save time and money, is also propelling the market growth.
Over the forecast period, increased demand for real-time locating systems in the Asia Pacific region's developing economies of India and China is expected to create opportunities for future real-time locating systems market growth. Products include real-time positioning systems. Navigational systems and mobile phones are examples of this. Wireless nodes, which are usually tags or badges that emit signals, are also included in the systems.
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