Rtls Market Capacity Forecasts, Price Trends and Company Share to 2020

RTLS Market Current Trends, Size, Share, Industry Analysis, Competitive

Intelligence, Growth, Opportunities and Forecasts Report To 2020

Summary

RTLSs refer to ‘Real Time Location Systems.’ They help monitor & track the object-locations in

real-time. RTLSs adopt RFID readers & tags to track & locate people & assets. Tags run with the

help of batteries and provide RF indications with respect to assets & people location. The RTLS

market finds applications across various sectors.

These sectors include and are not limited to transportation, medical, industrial production,

logistics, retail, & processes. The worldwide market garnered sales worth USD 720 million in

2014. It will attain a size of about USD 3, 924 million by 2020. The market is predicted to

register a CAGR of nearly 33.2 percent during 2015 to 2020.

Medical was the biggest market application in 2014. It should rise at a considerable rate in the

near future. This could be credited to higher adoption of RTLSs for geriatric care. Market

participants have zeroed-in on novel technologies to meet the requirements of business

organizations. They help these organizations to monitor & track the location of people or assets

with total accuracy.

Read Complete Report with TOC: http://www.radiantinsights.com/research/global-rtlsmarket-research-report-2015

ZigBee and UWB advancements are the recent trends in the RTLS market. They offer greater

precision within shorter locations. The industry for these advancements is anticipated to expand

at a higher CAGR than the others. Moreover, these innovations have been able to conquer certain

hindrances. These hindrances may consist of ‘assets-tracking’ in firmer mediums like different

materials, concrete walls, etc.

However, RFID and Wi-Fi innovations will occupy major shares in the forecast period. This may

owe to their lower costs as against ZigBee and UWB technologies. Asia Pacific, Europe,

Americas, and rest of the world are the regions into which the market is divided....