From personal item finding and indoor navigation to asset tracking and digital key, Bluetooth® technology is being widely used as a device positioning solution to address the increasing demand for high-accuracy indoor location services. By enabling one Bluetooth device to determine the presence, distance, and direction of another device, Bluetooth technology delivers flexibility unlike any other positioning radio, allowing building managers and owners to scale indoor positioning solutions to match the varying and changing needs of the building.
Thanks to heightened awareness of the benefits of Bluetooth Location Services, analysts expect to see increased market growth. According to ABI Research, Bluetooth Location Services device growth is expected to trend upward over the next five years, achieving a 25 percent CAGR from 2022 through 2026. This is due, in large part, to recent innovations that enhance Bluetooth automotive access control and asset tracking solutions, which have become key to solving supply chain challenges.
Bluetooth Asset Tracking
Bluetooth® technology is powering rapid growth in real-time locating system (RTLS) solutions used for tracking things and people, whether that’s locating tools and workers in a warehouse or medical devices and patients in a hospital.
Recent inventory and logistic challenges are driving the need for efficient transportation and warehousing solutions. More commercial and industrial facilities are turning to Bluetooth asset management solutions to optimize resource and inventory control. Analysts conclude that, among Bluetooth Location Services solutions, asset tracking (RTLS) and tags are the major drivers behind continued growth. ABI Research confirms that commercial RTLS systems account for the largest volume of device shipments this year.