DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Real Time Location System Market- Forecasts and Trends (2015-2020)" report to their offering.
The global Real Time Location Systems (RTLS) market is estimated to reach USD 956.23 million in 2015 and anticipated to grow USD 3612.56 million by 2020 at a CAGR of 30.45% during the period 2015 - 2020
The global RTLS market has been segmented by technology, components, end user verticals and geography. This market offers wide range of solutions depending on the application needs and business processes. Based on the technologies used, the market is further segmented into Radio Frequency Identification (RFID), WiFi, Ultra Wide Band (UWB), Ultrasound, Infrared (IR) and others which include Zigbee, GPS, Bluetooth Low Energy (BLE) and WhereNet. With increase in the investment in these technologies, new innovations are developing. UWB and WiFi technologies are identified as some of the growing technologies in the short and long terms. Some of the end users are still dependent on passive RFIDs and barcodes due to lack of awareness thus restraining the market. Based on the components, the market is further segmented into hardware, software and services.
Real Time Location Systems (RTLS) are those systems which are used to locate and track assets or people in real time with the help of Radio Frequency (RF) signals as communication medium. Though there are a number of technologies used to develop RTLS systems, the basic components remain the same. The RTLS tags attached to various target objects or assets, process and communicate the information with the help of a reader to a centralized server in order convert the data into real time business information.
The implementation of RTLS offers various advantages such as increased efficiency, enhanced quality and cost saving which boosted its applications in various verticals. The applications of RTLS market are asset tracking, work in progress (WIP) tracking, patient's activity tracking, vehicle or fleet tracking and others are fuelling the adoption of these systems in various verticals. RTLS technology advantages and sophistication carved the adoption across verticals such as logistics & transportation, manufacturing, defence, aerospace, oil & gas, healthcare, retail, mining, chemical and others.
Key Topics Covered:
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Global Real Time Location Market - Segmentation
6. Key Vendor Profiles
7. Investment Analysis
8. Future Opportunities of Real Time Locations Systems Market
- AeroScout Inc (Stanley Healthcare Solutions)
- Awarepoint Corporation
- CenTrak Inc
- DecaWave Limited
- Ekahau Inc (AiRISTA Flow)
- Identec Solutions
- Savi Technology Inc
- Skytron LLC
- Sonitor Technologies AS
- TeleTracking Technologies
- Ubisense Group Plc
- Versus Technology
- Visonic Technologies
Zebra Technologies Corporation
For more information about this report visit http://www.researchandmarkets.com/research/7wwxs7/global_real_time
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