Real Time Location System (RTLS) Market size and Key Trends in terms of volume and value 2015-2025
Future Market Insights has announced the addition of the “Real Time Location System (RTLS) Market: Global Industry Analysis and Opportunity Assessment 2015-2025” report to their offering.
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Global<br />
<strong>Real</strong> <strong>Time</strong> <strong>Location</strong><br />
<strong>System</strong> (<strong>RTLS</strong>)<br />
<strong>Market</strong><br />
Share, Global <strong>Trends</strong>,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation <strong>and</strong> Forecast,<br />
<strong>2015</strong>-<strong>2025</strong><br />
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Report Description<br />
<strong>RTLS</strong> <strong>Market</strong> Overview<br />
<strong>Real</strong> time location system (<strong>RTLS</strong>) helps <strong>in</strong> identify<strong>in</strong>g <strong>and</strong> track<strong>in</strong>g geographical location <strong>of</strong><br />
objects <strong>and</strong> people automatically, <strong>in</strong> real time. Generally, <strong>RTLS</strong> is used with<strong>in</strong> build<strong>in</strong>g or facility<br />
area. In <strong>RTLS</strong> system, wireless <strong>RTLS</strong> tags or badges are attached to objects or sometimes worn by<br />
people <strong>and</strong> signals transmitted from this tags are received by one fixed reference po<strong>in</strong>ts which<br />
helps <strong>in</strong> f<strong>in</strong>d<strong>in</strong>g the exact location <strong>of</strong> that particular tag. <strong>RTLS</strong> conta<strong>in</strong>s location sensors, location<br />
readers, battery powered tags, application s<strong>of</strong>tware <strong>and</strong> network <strong>in</strong>frastructure.<br />
<strong>RTLS</strong> market share is grow<strong>in</strong>g rapidly because <strong>of</strong> enhanced capability <strong>of</strong> real time track<strong>in</strong>g <strong>in</strong><br />
different bus<strong>in</strong>ess processes. Advantages <strong>of</strong> <strong>RTLS</strong> are accuracy, <strong>in</strong>creased productivity <strong>and</strong><br />
operational excellence. <strong>RTLS</strong> provide accurate track<strong>in</strong>g <strong>of</strong> desired objects which ultimately<br />
results <strong>in</strong>to <strong>in</strong>crease <strong>in</strong> productivity. <strong>RTLS</strong> also provides some additional benefits, such as<br />
improvement <strong>in</strong> safety <strong>and</strong> security <strong>of</strong> staff, efficient <strong>and</strong> effective logistic & supply cha<strong>in</strong><br />
operations, <strong>and</strong> smooth process operations.<br />
<strong>RTLS</strong> <strong>Market</strong> Dynamics<br />
Global <strong>Real</strong> <strong>Time</strong> <strong>Location</strong> <strong>System</strong> (<strong>RTLS</strong>) market is expected show high growth <strong>in</strong> the near<br />
future. The factors which are driv<strong>in</strong>g the growth <strong>of</strong> <strong>RTLS</strong> market are <strong>in</strong>creas<strong>in</strong>g government<br />
<strong>in</strong>itiatives, heavy <strong>in</strong>vestment <strong>in</strong> <strong>RTLS</strong> technology, <strong>in</strong>creas<strong>in</strong>g applications <strong>in</strong>to various <strong>in</strong>dustries,<br />
<strong>and</strong> advanced features <strong>of</strong> <strong>RTLS</strong>. On the other h<strong>and</strong>, factors which are restra<strong>in</strong><strong>in</strong>g the market<br />
growth are high cost <strong>in</strong>volved <strong>in</strong> deployment, privacy & security concerns, <strong>and</strong> technical issues<br />
with the system. Industrial manufactur<strong>in</strong>g sector is expected to provide remarkable<br />
opportunities to <strong>RTLS</strong> market dur<strong>in</strong>g forecasted period. <strong>Market</strong> growth <strong>of</strong> <strong>RTLS</strong> is further fuelled
Report Description<br />
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<strong>RTLS</strong> <strong>Market</strong> Segmentation<br />
Global <strong>RTLS</strong> market is segmented on the basis <strong>of</strong> verticals, technologies <strong>and</strong> regions. On<br />
the basis <strong>of</strong> verticals, the market is sub-segmented <strong>in</strong>to various <strong>in</strong>dustrial verticals, such<br />
as Logistics & transportation, <strong>in</strong>dustrial manufactur<strong>in</strong>g <strong>and</strong> process<strong>in</strong>g, healthcare, retail,<br />
government & defence, education, hospitality <strong>and</strong> others. Out <strong>of</strong> all these verticals,<br />
<strong>in</strong>dustrial manufactur<strong>in</strong>g <strong>and</strong> process<strong>in</strong>g vertical is expected to dom<strong>in</strong>ate throughout<br />
forecast<strong>in</strong>g period.<br />
On the basis <strong>of</strong> technology, the market is sub-segmented <strong>in</strong>to various wireless<br />
communication technologies such as WiFi, RFID, ultrasound, <strong>in</strong>frared <strong>and</strong> ZigBee<br />
communication. Amongst all technologies RFID technology is lead<strong>in</strong>g the Global <strong>RTLS</strong><br />
market with highest market revenue. It is ma<strong>in</strong>ly because <strong>of</strong> enhanced features <strong>of</strong> RFID<br />
technology, such as low ma<strong>in</strong>tenance cost, high accuracy <strong>and</strong> long battery life as<br />
compared to other wireless communication technologies such as WiFi. However, WiFi<br />
technology also provides some benefits, such as ease <strong>of</strong> deployment which is really<br />
beneficial for organizations with exist<strong>in</strong>g WiFi network. Latest technologies like ZigBee,<br />
are show<strong>in</strong>g high market potential because <strong>of</strong> its extended battery life <strong>and</strong> high accuracy.
Report Description<br />
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On the basis <strong>of</strong> regions, the market is further sub-segmented <strong>in</strong>to seven regions, North<br />
America, Lat<strong>in</strong> America, Asia – Pacific (exclud<strong>in</strong>g Japan), Japan as a separate region, Western<br />
Europe, Eastern Europe <strong>and</strong> Middle East <strong>and</strong> Africa. Presently, North America region is<br />
dom<strong>in</strong>at<strong>in</strong>g the Global <strong>RTLS</strong> market with highest market share. North America <strong>RTLS</strong> market is<br />
primarily driven by <strong>in</strong>creas<strong>in</strong>g applications <strong>in</strong> healthcare <strong>in</strong>dustry <strong>and</strong> government support<br />
<strong>and</strong> <strong>in</strong>itiatives. Asia – Pacific region is expected to be highest grow<strong>in</strong>g market for <strong>RTLS</strong> solution<br />
dur<strong>in</strong>g forecasted period because <strong>of</strong> ris<strong>in</strong>g dem<strong>and</strong> <strong>of</strong> WiFi <strong>and</strong> RFID technology enabled <strong>RTLS</strong>.<br />
<strong>RTLS</strong> <strong>Market</strong>: <strong>Key</strong> Players<br />
Major key players <strong>in</strong> the global <strong>RTLS</strong> market are AeroScout Industrial, Zebra Technologies,<br />
TeleTrack<strong>in</strong>g Technologies, Sonitor Technologies, Awarepo<strong>in</strong>t, Ekahau, GE Healthcare <strong>and</strong><br />
Ubisense, Centrak, etc. Among these companies, AeroScout Industrial <strong>and</strong> Zebra<br />
Technologies are major companies <strong>in</strong> <strong>terms</strong> <strong>of</strong> market share. It is ma<strong>in</strong>ly because <strong>of</strong> their<br />
technologically advanced solutions, strong presence across all the geographies <strong>and</strong> extensive<br />
product portfolio. All key market players are focus<strong>in</strong>g more s<strong>of</strong>tware <strong>and</strong> application<br />
development as a part <strong>of</strong> their market growth strategy.<br />
Browse full report: http://www.futuremarket<strong>in</strong>sights.com/reports/real-time-location-systemmarket
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