Real Time Location System(RTLS) is a technology that is used to
automatically identify and locate objects, assets or individuals in real time.
The goal of RTLS is to continuously track location of the targets.
The major applications of
RTLS include asset tracking, personnel tracking and work in progress
tracking. To date RTLS adoption in manufacturing has been limited; but with
evolving technology and more companies entering the market, this industry
should exhibit a high upsurge in sales.
Market Estimations:
The Real Time Location
System (RTLS) Market generated revenue of $328 million in the manufacturing
industry in 2014 according to a recent report from IndustryARC. This market is
estimated to grow at a high rate of nearly 30%
CAGR through 2020.
Browse 162 Pages and an
in-depth TOC on “Real Time Location
System (RTLS) Market” at: http://industryarc.com/Report/1294/realtime-location-system-market-analysis.html
North America is currently the biggest market for real
time location system (RTLS) in 2014 followed by Europe. However the
APAC region is poised to grow at the highest CAGR through 2020. The significant
growth in APAC region is due to more emerging economies are investing
significant capital into increasing the adoption of logistics and manufacturing
industries across the supply chains.
Market
Growth Factors:
- The declining prices and growing awareness of RTLS are set to propel the rise of the Real Time Location System (RTLS) Market, particularly in cost sensitive APAC market. As a result, RTLS services and products will have a bigger potential market.
- The growth of the global Real Time Location System (RTLS) Market can also be attributed to the improved accuracy as well as growing applications for the RTLS systems. The increased customer demand for tracking services is set to drive the RTLS market.
- The increased demand for RTLS in manufacturing and healthcare is forecast to drive the market.
- The increased adoption rates for RTLS systems and increased awareness especially in Asia are a major force in the growth of Real Time Location System (RTLS) Market
Market
Segmentation:
Real
Time Location System (RTLS) Market is well gone through and
concluded to be divided into 5 broad types based on the given factors below:
- By Component: Tags, Software and Sensors
- By Technology: Passive RFID and Active RFID which includes Bluetooth, GPS, UWB(Ultra Wideband), Wi-Fi, Infrared, Ultrasound, Zigbee and others
- By Industry Verticals: Manufacturing, Logistics, Healthcare, Defence, Security and others
- By Applications: Asset/Inventory Tracking, Work in Progress Tracking, Vehicle/Fleet Tracking, Shipping Containers Tracking, Personnel Tracking, Patients Activity Tracking and Others
- By Geography: North America, South America, Europe, Asia Pacific and ROW
Key
Market Players:
Few top notable competitors of the Real Time Location System (RTLS) Market which
are studied, analyzed and mentioned in this research report by IndustryARC are:
- Ekahau Inc.
- Ubisense Group Plc.
- CenTrak Inc.
- Zebra Technologies.
- Stanley Black & Decker, Inc.
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IndustryARC:
IndustryARC
is a research and consulting firm that publishes more than 500 reports annually
in various industries, such as Agriculture, Automotive, Automation &
Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food
& Beverages, Information Technology, Life sciences & Healthcare.
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