Real Time Location System (RTLS) Market Forecast & Analysis | 2020

23/gen/2016 06.35.13 IndustryARC Contatta l'autore

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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.

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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.

About 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.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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