The real time location systems (RTLS) market is anticipated to register a CAGR of 24.5 % from 2018 to 2026. Real time location systems are helpful in tracking the assets and people. Location can be monitored with the help of RTLS-tags which are attached to assets. These devices help in businesses where detection and monitoring of assets are very important.Key participants of Real Time Location Systems (RTLS) Market are AeroScout Industrial, Awarepoint Corporation, BeSpoon SAS, CenTrak, ChyronHego Corporation, Decwave, AiRISTA Flow, IDENTEC SOLUTIONS, Motorola Solutions, Inc., PINC Solutions, Savi Technology, Skytron, Sonitor Technologies, Inc., TeleTracking Technologies, Inc., Tyco Security Products, Ubisense, Versus Technology, Inc., and ZIH corp amongst others.
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All the market data of research and analysis are mapped in an actionable model, with strategic advices and recommendations from the experts. The world class Real Time Location Systems (RTLS) Market report examines market by regions, especially North America, China, Europe, Southeast Asia, Japan, and India, focusing top manufacturers in global market, with respect to production, price, revenue, and market share for each manufacturer. An international Real Time Location Systems (RTLS) Market survey report is also helpful in assessing the effectiveness of advertising programme and knows the causes of consumer resistance. It is supportive in finding out the size of the market for specific products.
The informative report on the global Real Time Location Systems (RTLS) Market has recently been published by Absolute Markets Insights to its comprehensive database which helps to make erudite business decisions. The report is an extensive source of information of various market attributes such as market size, growth, and shares. The detailed research report further also identifies some significant market segments while scrutinizing the market parameters.
Planning and managing inbound and outbound materials through the supply chain in manufacturing, retail, and distribution is challenging. Improper care can lead to material waste and reduced efficiency. Major logistics and supply chain companies are adopting Real Time Location Systems (RTLS) Market in their operations to limit these challenges. Real-time location systems play an important role in asset detection and monitoring in the logistics and transportation sectors. The growing demand for real-time visibility in the global supply chain is accelerating the growth of the Real Time Location Systems (RTLS) Market.
Real Time Location Systems (RTLS) Market is Fragmented with the Presence of Global and Regional Players
Key participants of Real Time Location Systems (RTLS) Market are AeroScout Industrial, Awarepoint Corporation, BeSpoon SAS, CenTrak, ChyronHego Corporation, Decwave, AiRISTA Flow, IDENTEC SOLUTIONS, Motorola Solutions, Inc., PINC Solutions, Savi Technology, Skytron, Sonitor Technologies, Inc., TeleTracking Technologies, Inc., Tyco Security Products, Ubisense, Versus Technology, Inc., and ZIH corp amongst others.
When operating at full RF power, the RFID readers consume a large amount of energy. This can be overcome by decreasing the actual RF power level in which the reader is operating.
The real time location systems can be deployed in the smart buildings, it will allow to track persons and assets. The live directions can be provided on projector floor images, personal devices, nearby displays and guided corridor lighting. Automatic wayfinding in the smart buildings will allow drivers to find a nearest open parking spot. Such factors are expected to propel the overall market in future years.
North America is expected to hold the largest market share for real time location systems (RTLS) market
North America represents the largest Real Time Location Systems (RTLS) Market led by high demand in the U.S and Canada. The three factors such as manpower, machines, and materials are very important in manufacturing industry and organizations are looking to track them on a real-time basis. Adoption of the RTLS in United States manufacturing industry is the main driver which is propelling the Real Time Location Systems (RTLS) Market. Organizations are mainly adopting these systems to improve labor productivity and operational efficiency and reduce machine idle times.
Recently, CenTrak, RTLS provider has included Bluetooth Low Energy (BLE) beacons in the sensor devices. This would enable healthcare organizations to provide wayfinding to their visitors through the apps. With BLE, users can utilize their smartphones to communicate with CenTrak devices.
Real Time Location Systems (RTLS) Market- by Component
- Hardware
- Software
- Services
Real Time Location Systems (RTLS) Market- by Technology
- Radio Frequency Identification (RFID)
- Ultra-Wide Band(UWB)
- Infrared
- GPS
- Zigbee
- Wi-Fi
- Ultrasound
- Bluetooth Low Energy
- WhereNet
Market by Vertical
- Transportation & Logistics
- Healthcare
- Government
- Retail
- Industrial
- Others
Real Time Location Systems (RTLS) Market by Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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