According to Technavio’s latest market research study, the global RTLS market is expected to grow at a CAGR of close to 46% during the forecast period, 2017-2021.
This market research report by Technavio provides an in-depth analysis of the global RTLS market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application type
Click here to request a free sample of this report
The top three revenue contributing product segments are discussed below
Transportation and logistics: The market’s growth is fueled primarily by the use of RTLS for the real-time tracking of automobiles of military forces, aerospace and defense, and healthcare organizations. During the forecast period, the market is also projected to experience significant growth owing to the rise in the adoption of RTLS in tracking goods.
“When integrated with a WMS, RTLS delivers operational labor savings, supplier relationship improvements, incentivized performance gains, and space savings. RTLS-enabled WMS also offers more efficient picking. RTLS tags help in staging to direct operators to the correct site,” says Abhishek Sharma, a lead analyst at Technavio for machine-to-machine (M2M) and connected devices.
Healthcare: The healthcare segment is one of the fastest growing segments in the RTLS market owing to the increased use of patient monitoring and asset tracking in hospitals. In the healthcare sector, RTLS are used for applications such as asset and inventory tracking, patients’ activity and safety tracking, and WIP tracking. They are also used for hand hygiene tracking, personnel tracking, temperature and humidity monitoring, and others.
Government: Various government agencies are using RTLS tags and systems to improve services and become cost effective. The adoption of RTLS by government hospitals and various sectors such as retail, transportation and logistics, and hospitality is expected to drive the demand for RTLS from this segment in the coming years.
Ask an analyst to know more about this report
The top vendors operating in the global RTLS market are:
- AiRISTA
- HP
- STANLEY Healthcare
- Ubisense
- Zebra
Other prominent vendors in the market include Awarepoint, BeSpoon, Convergence Systems, DecaWave, Essensium, GE Healthcare, HID, IBM, Idolink, Identec Solutions, Intelligent Insites, Kinexon Precision Technologies, Mojix, OATSystems, PINC Solutions, Plus Location Systems, Q-Track, Radianse, RF Technologies, Sewio, Sonitor Technologies, Teletracking Technologies, ThingMagic, Tyco Security Products, and Versus Technology.
A more detailed analysis is available in the Technavio’s market research report titled, ‘Global RTLS Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global RTLS in Sports Market 2016-2020
- Global Mobile Hotspot Router Market 2016-2020
- Global Wi-Fi Chipset Market 2016-2020
To read more press releases – click here
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
