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Real-Time Location Systems Market Skyrockets to $40.70 Billion by 2031 Dominated by Tech Giants – Aruba Networks, AiRISTA Flow Inc and Qorvo Inc | The Insight Partners

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The global real-time location systems market is set for explosive growth, with projections indicating a surge to $40.70 billion by 2031. This remarkable expansion, driven by increase in demand for tube and clamp scaffolding.

NEW YORK, Nov. 12, 2024 /PRNewswire/ — According to a new comprehensive report from The Insight Partners, the global real-time location systems (RTLS) market is observing healthy growth owing to the rising demand for connected devices. The report runs an in-depth analysis of market trends, key players, and future opportunities. For Detailed Market Insights, Visit: https://www.theinsightpartners.com/reports/real-time-location-systems-market-research

The RTLS market primarily comprises hardware/component providers, RTLS manufacturers, system integrators, and end users. The RTLS consists of components such as software, transmitters, receivers, smart devices, infrared tags, and other types of tags. These components are further provided to RTLS manufacturers for the production of a system.

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Market Overview and Growth Trajectory:

Real-Time Location Systems Market Growth: According to an exhaustive report by The Insight Partners, the Real-Time Location Systems Market is experiencing significant growth, driven by the growing use of RTLS in the healthcare sector. The market, valued at $6.16 billion in 2023, is expected to grow at a Compound Annual Growth Rate (CAGR) of 26.6% during 2023–2031.

The demand for connected devices, including smartphones, tablets, and different wearable devices, such as smartwatches, fitness trackers, VR headsets, web-enabled glasses, smart jewelry, and Bluetooth headsets, is increasing across the world. Smartphones and tablets help the user accurately track location information in real time. The devices help the user to know the real-time traffic scenario and find the fastest route to the destination. It also assists parents to monitor the movement of their children through different location-tracking apps.

Rising Demand for Connected Devices: The adoption of connected devices such as smartphones and tablets are increasing tremendously. According to the Groupe Speciale Mobile Association (GSMA), smartphone adoption across the world was 76% in 2022, totaling 6.4 billion smartphone connections. The adoption is expected to rise to 92% by 2030, making 9 billion connections globally. According to the same report, smartphone adoption in North America was 84% in 2022 and is expected to climb to 90% by 2030. Similarly, the smartphone adoption rate in Europe would increase from 84% in 2022 to 91% by 2030. In Sub-Saharan Africa, an underpenetrated market, the smartphone adoption rate is predicted to grow from 51% in 2022 to 87% by 2030. This is further boosting the integration of real-time location systems across the world.

Growing E-Commerce Sector: There has been a surge in online shopping across the world. E-commerce sales have witnessed a significant growth rate over recent years. According to the International Air Transport Association (IATA), in 2021, 2.14 billion people (i.e., ∼27.6% of the world’s population) shopped for products from online portals. In addition, APAC leads the global e-commerce market, where China accounts for a significant percentage of the regional market growth. As per the International Trade Administration, China is the largest e-commerce market across the world, generating ∼50% of the world’s transactions.

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Emergence of 5G: The 5G network is ∼100 times faster than the 4G network, making real-time data acquisition easier. As the 5G network provides strong connectivity and high-speed data transfer, its demand is increasing across the world. According to the Groupe Speciale Mobile Association (GSMA), 5G penetration across the world is expected to reach 54% by 2030 from 17% in 2022. North America has the highest 5G penetration, with 39% in 2022; it is expected to reach 91% by 2030. 5G penetration in Asia Pacific (except China) and Europe is expected to increase from 4% and 11% in 2022 to 41% and 87% by 2030, respectively.

Geographical Insights: In 2023, North America led the market with a substantial revenue share, followed by Europe and Asia Pacific. Asia Pacific is expected to register the highest CAGR during the forecast period.

Real-Time Location Systems Market Segmentation, Applications, Geographical Insights:

Based on offering, the real-time location systems market is segmented into hardware, software, and services. The hardware segment held the largest share of the market in 2023.By technology, the real-time location systems market is segmented into RFID, UWB, BLE, Ultrasound, Infrared, GPS, Wi-Fi, and ZIGBEE. The BLE segment dominated the market in 2023.In terms of industry vertical, the real-time location systems market is categorized into retail, government and defense, manufacturing, healthcare, logistics, heavy industries, construction, oil and gas, automotive, and others. The healthcare segment held a larger share of the market in 2023.By application, the real-time location systems market is segmented into personnel or staff locating and monitoring, environmental monitoring, access control and security, warehouse management and monitoring, supply chain management and operation automation or visibility, and others. The supply chain management and operation automation or visibility segment dominated the market in 2023.The real-time location systems market is segmented into five major regions: North America, Europe, APAC, Middle East & Africa, and South & Central America.  

Purchase Premium Copy of Global Real-Time Location Systems Market Size and Growth Report (2023-2031) at: https://www.theinsightpartners.com/buy/TIPTE100000390/

Key Players and Competitive Landscape:

The Real-Time Location Systems Market is characterized by the presence of several major players, including:

Aruba NetworksAiRISTA Flow IncQorvo IncImpinj IncSiemens AGZebra Technologies CorpSonitor Technologies ASStanley Black & Decker IncTeleTracking Technologies IncUbisense LtdSlamcore LtdKudan IncMicrosoft CorpSevensense Robotics AGNavVis GmbH

These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market.

Real-Time Location Systems Market Recent Developments and Innovations:

“Houston Airports partnered with HPE Aruba Networking””Sonitor and Spectralink announced a strategic partnership””Ubisense announced a strategic partnership with Advanced Realtime Tracking (ART)””Slamcore, a leader in vision-based location mapping, partnered with Intralink”

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Real-Time Location Systems Market Drivers, Challenges, Future Outlook and Opportunities:

The market growth in North America is attributed to the increasing number of internet users. According to the World Bank Group, ~92% of the population in the region uses the Internet. Such high Internet penetration in the region is fueling the growth of the e-commerce industry in North America. According to the Census Bureau of the Department of Commerce, the US retail e-commerce sales for the first quarter of 2024 was US$ 289.2 billion, an increase of 2.1% compared to the fourth quarter of 2023. Thus, the growth of the e-commerce industry is driving the real-time location systems market in North America.

Real-time location systems (RTLS) are used to determine the location of an object or a person. They can accurately locate, track, and manage assets, inventory, or people and help companies make knowledgeable decisions. The system consists of a transponder, a receiver, and software to interpret the data. RTLS transmitters or receivers are spaced throughout a building to provide the desired coverage. RTLS is used across many end-use verticals, such as heavy industries, manufacturing, retail, oil & gas, automotive, transportation and logistics, construction, government and defense, and education. Also, they are used for specific applications such as employee tracking and high-value asset tracking. The growing use of RTLS in the healthcare industry is significantly bolstering the growth of the real-time location systems market. In May 2022, Sonitor (a provider of ultrasound-based RTLS and indoor positioning systems) showcased its flagship SenseTM RTLS technology at the Oracle Cerner Healthcare Conference. The live demonstrations highlighted the clinical benefits of Sonitor’s platform, including enhanced patient care, improved operational efficiencies, and infection control management. The company’s reliable and accurate RTLS technology and seamless integration capabilities have helped the company attract a number of customers desiring RTLS solutions.

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The growing penetration of ultra-wideband (UWB) technology-based RTLS solutions that provide highly accurate positioning data with low power consumption is bolstering the growth of the real-time location systems market. End-use industries, such as healthcare, manufacturing, and logistics, are demanding UWB technology-based RTLS solutions to improve efficiency, shorten lead times, and reduce costs. The rising demand for RTLS solutions from sports, entertainment, and automotive sectors is also driving the market. The availability of indoor tracking is encouraging the healthcare vertical to opt for RTLS, which is expected to further fuel the market growth in the coming years. Bluetooth Low-Energy (BLE) solutions are cheaper and easier to integrate with existing systems and devices, and they offer a detection accuracy of up to 1.5 meters. In May 2023, u-blox launched a u-blox NINA-B5 Bluetooth LE series of standalone modules for the automotive industry. Thus, the growing use of BLE solutions is boosting the growth of the real-time location systems market. Moreover, the abilities of RTLS to analyze and eliminate workflow bottlenecks and save time and money are bolstering the market growth.

The offering segment highlights various components that are used to make up real-time location systems, from physical components to supporting services. Hardware components provide physical infrastructure, while the software components enable the analysis and data processing. On the other hand, the services ensure the successful implementation of the systems. The hardware used for real-time location systems consists of anchors, tags, modules, transceivers, location engine, kits, sensors, and more. These components are integrated with a software solution such as RFID, Wi-Fi, UWB, BLE, ultrasound, IR, GPS, and other systems for tracking and monitoring various assets of an organization. Hardware providers partner with software providers to deploy complete solutions according to the requirements of end users. Industries such as healthcare, manufacturing, logistics, and retail heavily rely on RTLS hardware for asset management, inventory control, personnel tracking, and seamless operations. Similarly, the hardware used for simultaneous localization and mapping (SLAM) consists of sensors such as RGB-D cameras, light detection and ranging (LIDAR), and GPS; processing units such as graphics processing unit (GPU) and single instruction multiple data (SIMD) calculation; and more. These components play a vital role in enabling SLAM technology to build and update maps, operate efficiently and simultaneously, and understand the environment. This helps the implementation of the SLAM technology in various growing industries, such as automotive, oil & gas, government and defense, and others.

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Conclusion:

Increased demand for real-time location systems in developing economies, such as India and China, is expected to create lucrative opportunities for market players in Asia Pacific during the forecast period. The growing manufacturing, retail, and logistics industries are raising the need for asset tracking, fueling the demand for real-time locating systems in the region. The rising demand for RTLS and SLAM in the above industries is pushing the market players to provide advanced solutions to customers. According to the State Council of China, the retail industry is booming in the country with an increased sales of 11% in 2023 accounting 2.24 trillion compared to the previous year. The growing demand for advanced technologies in these countries is expected to fuel the growth of the real-time location systems market in APAC.

With projected growth to $40.70 billion by 2031, the Real-Time Location Systems Market represents a significant opportunity for hardware/component providers, system integrators, investors, RTLS manufacturers, industry stakeholders and end users. By staying abreast of market trends, embracing innovation, and focusing on quality and performance, companies can position themselves for success in this dynamic and evolving market landscape.

Related Report Titles:

RTLS for Healthcare Market Size, Share, & Growth by 2030Maritime Real-Time Positioning System Market Analysis and Forecast by Size, Share, Growth, Trends 2031Real-Time Tracking Management System Market Size and Forecasts (2021 – 2031)Location Intelligence Market Size and Forecasts (2021 – 2031)SLAM Technology Market Size and Forecasts (2021 – 2031)Emergency Location Transmitter Market Size and Forecasts (2021 – 2031)Environmental Monitoring Market Size and Forecasts (2021 – 2031)Warehouse Management System Market Size & Share Report 2030 

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Ankit Mathur
E-mail: ankit.mathur@theinsightpartners.com
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/real-time-location-systems-market-research

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Tech-Access Canada welcomes Budget 2026 and stands ready to help more Canadian companies commercialise

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November 6, 2026

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OTTAWA, ON, Nov. 5, 2026 /CNW/ — Tech-Access Canada, the national network of Canada’s 70 Technology Access Centres (TACs), welcomes Budget 2026’s proposals to expand the Scientific Research and Experimental Development (SR&ED) tax incentive and renew federal clean technology support. TACs already help Canadian companies test new technologies, validate products and prepare for production. Tech-Access Canada’s proposed Canadian Innovation Pipeline Initiative would give more businesses year-round access to the teams and facilities already doing that work.

TACs already provide contract research services to businesses. Under existing Canada Revenue Agency rules, businesses can claim eligible costs for qualifying SR&ED work that TACs perform under contract on their behalf. The proposed expansion, estimated at $930 million over five years, would extend eligibility to certain commercialisation expenses. These include testing and validation required for initial regulatory approval or certification when directly linked to an eligible SR&ED project. Tech-Access Canada is ready to share its project experience as the agency develops sector-specific guidance.

“A tax credit can help a company recover eligible costs. Somebody still has to pay for the test first,” said Ken Doyle, Executive Director of Tech-Access Canada. “Some of the firms our TACs work with are still building the case for NRC IRAP funding or seeking their first outside investment. That test can be exactly what a customer or investor needs to see before they commit. Canada already has the people, the labs and the equipment. Let’s fund the projects that put them to work.”

The National Research Council of Canada’s Industrial Research Assistance Program (NRC IRAP) is Canada’s leading innovation assistance program for small and medium-sized businesses. Tech-Access Canada estimates that, through their partnership, NRC IRAP has funded approximately 75,000 hours of applied innovation and commercialisation support delivered by TACs over the past decade.

Tech-Access Canada welcomes the proposed renewal of NRC IRAP’s Clean Technology initiative. In the 2026 pilot, TACs moved quickly to complete 54 projects, helping companies advance from real-world prototype demonstration at technology readiness level (TRL) 7 toward commercial deployment at TRLs 8 and 9. TACs and their industry partners still have 161 projects scoped and ready to start as soon as a second round gets the green light.

“The clean technology pilot gave companies a chance to see how their technologies performed under real operating conditions,” said Jennifer Andersen, Vice-Chair of Tech-Access Canada and Executive Director, Applied Research & Innovation at Fleming College. “That evidence helps a business decide whether it’s ready to deploy or where it needs to do more work. We’d welcome the opportunity to extend that support to more companies.”

Since the tri-agency College and Community Innovation program began, the federal government has invested more than $1 billion through it in applied research. Tech-Access Canada thanks the Natural Sciences and Engineering Research Council of Canada for administering the program in collaboration with the Canadian Institutes of Health Research and the Social Sciences and Humanities Research Council. The $165 million committed in the 2026 Spring Economic Update will help sustain that capacity.

“Canada’s three granting councils and the Canada Foundation for Innovation have helped build applied research capacity that businesses can draw on across the country,” said Melanie Ross, Chair of Tech-Access Canada and Research Chair at SAIT’s Green Building Technology Access Centre. “We welcome the opportunity to build on those investments and give more Canadian companies access to that expertise.”

Tech-Access Canada estimates that the Canada Foundation for Innovation (CFI) has invested $500 million in federal funding for research infrastructure at colleges and cégeps over the past decade. At the College Fund’s 40% federal contribution ceiling, $500 million in capital funding would correspond to roughly $1.3 billion in eligible research infrastructure costs, with provinces, institutions and other partners contributing the balance. Dedicated, predictable infrastructure support for TACs would build on that partnership, keeping specialised facilities and equipment available on demand so TACs can respond quickly as new industry needs emerge.

“A pilot run can show a manufacturer whether a new process is worth scaling before it commits capital or changes its production line,” said Stephen Reaume, Treasurer of Tech-Access Canada and Director of Research at Lambton College. “TACs give smaller firms access to the equipment and expertise to run those trials and make decisions based on the results.”

Tech-Access Canada welcomes the opportunity to work with NRC research centres and federal departments such as Fisheries and Oceans Canada and Agriculture and Agri-Food Canada. TACs and federal research teams could bring complementary expertise and equipment to company projects, from testing new technologies for fisheries and aquaculture to piloting new processes for food and agricultural businesses.

“When a Canadian company needs specialised equipment or expertise, we can help connect it with the team best equipped to do the work,” said Jean-Philippe Jacques, Vice-Chair of Tech-Access Canada and Director of Innofibre. “Sharing facilities and coordinating equipment purchases can reduce duplication, give companies faster access to the tools they need and make better use of the research infrastructure Canadians have already invested in.”

Tech-Access Canada proposes to deliver the Canadian Innovation Pipeline Initiative through the TAC network. Interactive Visits would help firms decide what’s worth pursuing. Strategic Interactions would help them test and validate their technologies. TRLascend projects would help them demonstrate those technologies at pilot scale and prepare for production or deployment. The proposed $33 million annual investment would support about 3,000 engagements with Canadian businesses each year once fully implemented.

The TAC network already gives companies access to more than 2,100 applied R&D professionals, two million square feet of dedicated applied R&D space and approximately $500 million in specialised equipment. Tech-Access Canada also has intake and project delivery systems in use today. With approval and funding, it could start accepting Pipeline projects within 48 hours. Tech-Access Canada looks forward to working with the federal government on the proposal ahead of the Spring 2027 Economic Update.

Through Commercialisation Canada, Tech-Access Canada will share stories of Canadian companies bringing new products and processes to market with TAC teams working alongside them. Companies bring their ideas and knowledge of their customers. TACs help them test, refine and scale what they’ve developed. This hands-on accompaniment is a Canadian model of collaborative applied innovation and commercialisation that has drawn international attention, including from the OECD. More details will follow.

About Tech-Access Canada

Tech-Access Canada is the national network of Canada’s Technology Access Centres. TACs help businesses solve technical problems, develop and validate products and processes, and adopt new technologies. Companies retain their intellectual property.

SOURCE Tech-Access Canada

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MCAP Inc. Reports 3Q EPS of $0.15 Per Share

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November 6, 2026

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ORLANDO, Fla., Nov. 5, 2026 /PRNewswire/ — MCAP Inc. (OTC: MCAP), a financial technology company, today reported first quarter of 2026 net earnings of $0.15 per share. Quarterly revenue was $26.7mm resulting in quarterly EBITDA of $5.2mm.

MCAP continues to expand through its investment in customer relationships, application software development, securities execution platforms and diversification of business lines. The Company also seeks additional M&A opportunities that are aligned with the Company’s core competencies in order to increase long-term shareholder value.

About MCAP Inc.

MCAP Inc. is a U.S. based public holding company owning subsidiaries and investments in various companies. The Company’s principal focus is financial technology businesses that conduct business globally. The Company owns, develops, and invests in the electronic market making and execution sector, securities trading technologies, and alternative trading platforms.

Please visit our website: www.mcapmarkets.com

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. The matters discussed in this news release involve goals, forecasts, assumptions, risks, and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements.

 

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In HelloNation, Excavation Expert Kenneth Zittel Explains Excavation Site Preparation Before Digging

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November 6, 2026

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The Feature Breaks Down How Excavation Contractors Research, Plan, and Stake a Site Before Digging Begins.

CONCORD, N.Y., Nov. 5, 2026 /PRNewswire/ — How do excavation contractors prepare a site before digging begins? A HelloNation article answers that question by walking through how excavation contractors research, plan, and prepare a property before equipment ever arrives.

The HelloNation article explains that excavation site preparation typically starts weeks before equipment reaches a property. Contractors review surveys, soil reports, and site conditions first, since that research shapes every decision that follows.

According to the article, a site visit usually comes next, with the contractor walking the property to check slopes, trees, and drainage patterns. These details help determine where equipment can access the site safely.

The article notes that utility lines must be located and marked before any digging starts. Locates are requested through a one-call service, giving utility companies time to mark gas, water, electrical, and sewer lines.

Soil conditions also shape the plan, the article explains, since different soil types drain and compact differently. An Excavation Expert studies these conditions closely, because soil behavior can also affect how well a septic system performs later.

Permits are another early step described in the article, particularly for projects tied to new construction or septic work. Pulling the right permits early keeps a project on schedule and helps it avoid delays once digging begins.

Drainage planning happens alongside this early groundwork, the article explains, since water has to go somewhere once a site is disturbed. Poor drainage planning can lead to flooding or erosion long after the excavation itself is finished.

Equipment access is planned carefully as well, according to the article, since heavy machinery needs room to maneuver without damaging driveways or walkways. The depth and reach of the equipment selected often depends on whether the project involves a foundation, a septic system, or utility trenches.

The article also covers staking, noting that marked boundaries protect trees, gardens, and fences while keeping crews inside the approved work area. K & D Development handles this kind of excavation site preparation as part of standard project planning.

Coordination with other trades matters too, since a delay in digging can push back schedules for framers, plumbers, and electricians. The article adds that weather often shapes timing, as rain and frozen ground can halt work for days.

An Excavation Expert typically builds flexibility into the schedule to manage conditions that are out of anyone’s control, the article explains. Clear communication with homeowners throughout the process helps keep expectations realistic from start to finish.

Material deliveries are scheduled around this stage as well, the article notes, since gravel, pipe, and drainage stone often need to arrive before crews begin digging. Careful excavation site preparation at every step helps protect the schedule and the surrounding property.

The article explains that a final walk-through often happens just before equipment arrives on site. This step confirms that stakes, locates, and erosion control measures are still in place and visible.

Projects that involve excavation can feel disruptive to homeowners, the article notes, so clear updates throughout the process make the experience easier to manage. A contractor who explains the sequence of work helps homeowners feel more confident about what comes next.

How Do Excavation Contractors Prepare a Site Before Digging? features insights from Kenneth Zittel, Excavation Expert of Concord, New York, in HelloNation.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused digital publications and innovative “edvertising” approach, HelloNation delivers expert-driven, good-news content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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