This industry research report covers the growth prospects of the global RTLS market based on solutions and sectors like transportation, healthcare, government, retail, and others. The market shares for key geographies include the US, RoA, Western Europe, APAC, and RoW. It also includes an insightful analysis of the leading vendors in this market, including AeroScout, CSR, Ekahau, HP, Intelleflex, Samsung, Ubisense, and Zebra Technologies.
Technavio has released its new market research report, global RTLS market, which is expected to generate revenue worth $5 billion between 2016 and 2020. The US is estimated to be the largest revenue contributing region during the forecast period. The augmented incorporation of real-time location system (RTLS) tags in hospitals, enterprises, retail giants, and automobile companies is estimated to be a significant growth-spurring factor in this market during the forecast period.
“Of late, there is huge demand for RTLS solutions in the manufacturing sector for the tracking of material, manpower, and machines on a real-time basis. These solutions helps the manufacturing industry in reducing the search time and the idle time of machines and enhancing operational efficiency. Some of the major applications of RTLS in the manufacturing sector are workflow management, unsafe material tracking, personnel tracking, asset tracking, and WIP tracking. Several big companies like BMW, Samsung Electronics, HP, and Honeywell, are utilizing RTLS systems to track tools and improve the efficiency of their assembly line process,” says Navin Rajendra, Lead Analyst, ICT, Technavio Research.
Technavio’s market research analysts estimate eminent factors, such as the augmented use of RTLS tags in hospitals, to drive market growth during the forecast period. In the healthcare sector, RTLS tags can be used for various asset management purposes like locating hospital beds, wheelchairs, ventilators, oxygen cylinders, and infusion pumps. Additionally, the ability of these tags to monitor sensitive equipment, violent patients, and hospital staff is a significant factor that is expected to bolster its adoption during the forecast period.
The leading vendors in the global RTLS market include AeroScout, CSR, Ekahau, HP, Intelleflex, Samsung, Ubisense, and Zebra Technologies. This market is highly competitive and is characterized by the presence of intense competition between the RTLS equipment and services providers. The global market for RTLS tags has witnessed massive changes in the last two to three years and is predicted to witness significant changes in the vendor landscape during the forecast period owing to the acquisition of SMEs by large companies.
A more detailed analysis is available in the Technavio report, Global RTLS Market 2016-2020.
We can customize this reports by other regions and specific segments upon request.
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