The real-time location systems (RTLS) are used to locate and track assets or people in real-time, with the help of radio frequency (RF) signals as a communication medium. Though, there are a few technologies used for developing RTLS systems; the basic components remain the same.
The RTLS tags attached to various target objects or assets, process and communicate the information with the help of a reader to a centralized server, to convert the data into real-time business information.
Real time location system (RTLS) helps in identifying and tracking geographical location of objects and people automatically, in real time.
Generally, RTLS is used within building or facility area. In RTLS system, wireless RTLS tags or badges are attached to objects or sometimes worn by people and signals transmitted from this tags are received by one fixed reference points which helps in finding the exact location of that particular tag.
RTLS contains location sensors, location readers, battery powered tags, application software and network infrastructure.
RTLS market share is growing rapidly because of enhanced capability of real time tracking in different business processes. Advantages of RTLS are accuracy, increased productivity and operational excellence.
RTLS provide accurate tracking of desired objects which ultimately results into increase in productivity. RTLS also provides some additional benefits, such as improvement in safety and security of staff, efficient and effective logistic & supply chain operations, and smooth process operations.
Global Real Time Location System (RTLS) market is expected show high growth in the near future. The factors which are driving the growth of RTLS market are increasing government initiatives, heavy investment in RTLS technology, increasing applications into various industries, and advanced features of RTLS.
On the other hand, factors which are restraining the market growth are high cost involved in deployment, privacy & security concerns, and technical issues with the system.
Increased government support for the promotion of RTLS solutions is expected to favorably impact the real time locating systems market growth over the forecast period. Features such as inventory and warehouse management, transportation management, and inbound & outbound logistics management are also expected to propel the real time locating system market growth.
RTLS helps in overcoming the challenges faced in various end-users that include logistics and transportation, healthcare, manufacturing, aerospace, defense, government, retail, and others. Due to the benefits offered by these technologies, they are preferred for process automation.
The objectives of the study are as follows:
- To define, describe, and forecast the real-time locating systems market on the basis of offering, technology, vertical, application, and geography
- To identify and analyze the major factors influencing the growth of the real-time locating systems market (drivers, restraints, opportunities, and challenges) and key trends that shape and influence the market
- To analyze the market with the help of the Porter’s five forces framework and provide a detailed Porter's analysis, along with technology and market roadmap
- To strategically profile key players and comprehensively analyze their market rank, core competencies and details of the competitive landscape of key players
- To analyze strategic developments such as joint ventures, mergers and acquisitions, product developments, and research and development in the real-time locating systems market
Higher growth rates are expected to be observed in the healthcare, manufacturing, and government sectors. Security demand in the government sector, such as location assets in the supply chain, and also locating and tracking prisoners, are driving the market.
Safety and security of patients and their electronic records have also resulted in the demand for RTLS in the healthcare industry.
This report studies the Real-time Location System (RTLS) market status and outlook of global and major regions, from angles of manufacturers, regions, product types and end industries; this report analyzes the top manufacturers in global and major regions, and splits the Real-time Location System (RTLS) market by product type and applications/end industries.
The global Real-time Location System (RTLS) market is valued at XX million USD in 2016 and is expected to reach XX million USD by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
The major players in global Real-time Location System (RTLS) market include
Table of Content:-
Global Real-time Location System (RTLS) Market Research Report 2017
1 Real-time Location System (RTLS) Market Overview
1.1 Product Overview and Scope of Real-time Location System (RTLS)
1.1.1 Definition of Real-time Location System (RTLS)
1.1.2 Technology Comparison of Real-time Location System (RTLS)
1.2 Real-time Location System (RTLS) Segment by Types (Product Category)
1.2.1 Global Real-time Location System (RTLS) Production (K Units) and Growth Rate (%) Comparison by Types (2012-2022)
1.2.2 Global Real-time Location System (RTLS) Production Market Share (%) by Types in 2016
1.2.8 Ultra Wide Band (UWB)
1.2.9 Others (GPS, Bluetooth & Combined)
1.3 Global Real-time Location System (RTLS) Segment by Applications
1.3.1 Global Real-time Location System (RTLS) Consumption (K Units) Comparison by Applications (2012-2022)
1.3.3 Transportation and Logistics
1.3.4 Industrial Manufacturing
1.4 Global Real-time Location System (RTLS) Market by Regions (2012-2022)
1.4.1 Global Real-time Location System (RTLS) Market Size and Growth Rate (%) Comparison by Regions (2012-2022)
1.4.2 North America Real-time Location System (RTLS) Status and Prospect (2012-2022)
1.4.3 China Real-time Location System (RTLS) Status and Prospect (2012-2022)
1.4.4 Europe Real-time Location System (RTLS) Status and Prospect (2012-2022)
1.4.5 Japan Real-time Location System (RTLS) Status and Prospect (2012-2022)
1.5 Global Real-time Location System (RTLS) Market Size (2012-2022)
1.5.1 Global Real-time Location System (RTLS) Revenue Status and Outlook (2012-2022)
1.5.2 Global Real-time Location System (RTLS) Production (K Units) Status and Outlook (2012-2022)
2 Global Real-time Location System (RTLS) Market Competition by Manufacturers
2.1 Global Real-time Location System (RTLS) Production and Share by Manufacturers (2012-2017)
2.2 Global Real-time Location System (RTLS) Revenue and Share by Manufacturers (2012-2017)
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