Submitted by: Submitted by vasu123
Views: 10
Words: 1073
Pages: 5
Category: Business and Industry
Date Submitted: 06/01/2016 11:59 PM
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....