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(CityRegions.Com, January 19, 2017 ) RTLS is used to track asset, person, or any object in real-time basis. RTLS employs radio frequency identification (RFID) technology for communication, but some systems use optical (based on infrared waves) or acoustic (based on ultra sound) technology, either combined or separately. RTLS involves two components:
Tags: These are hardware components attached to the object that has to be tracked.
Readers: These are a combination of both hardware and software used to monitor signals emitting from the tag and determine the location of the object to which it has been attached.
RTLS uses inexpensive radio tags and a cellular reader system to detect the presence and location of the containers. RTLS helps track assets within a smaller geographical area. RTLS provides passive or active information about the location of objects and generally tracks assets in confined areas where the required location points are covered with wireless nodes. RTLS enables transportation, healthcare, retail, and government organizations to monitor and track assets and resources more effectively. This helps in the optimal utilization of assets, streamlining of operations, and improvement of productivity. This ultimately enables enterprises to enhance their work processes. RTLS mainly uses technologies such as RFID, UWB, and Wi-Fi to locate objects.
Technavio’s analysts forecast the global RTLS for industrial applications market to grow at a CAGR of 31.14% during the period 2016-2020.
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Covered :
The report covers the present scenario and the growth prospects of the global RTLS for industrial applications market for 2016-2020. To calculate the market size, the report considers the revenue generated from from both licensing of software as well as shipment of RTLS hardware.
Segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global RTLS for Industrial Applications Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
AeroScout
Awarepoint
Ekahau
Essensium
HP
PINC Solutions
Key driver
Adoption of RTLS for ease of inventory management
For a full, detailed list, view our report
Key challenge
Safety and security concerns
For a full, detailed list, view our report
Key trend
Growing popularity of smart factories
For a full, detailed list, view our report
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