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Asia Pacific Real Time Location System (RTLS) Markets

Published by: Frost & Sullivan

Published: Aug. 18, 2007 - 111 Pages


Table of Contents


1. Executive Summary

1. Overview

1. Summary of Major Findings

2. Market Analysis

1. Market Overview

1. Introduction to Real Time Location System Technology

2. RTLS Applications and ROI

3. Market Scope Definitions

4. Market Engineering Measurements

5. Industry Challenges

6. Market Drivers

a. Advantage over Existing Technologies

b. Strong Interest from the Government Sector

c. Reduction in Overall Cost

d. Enhanced Technology Innovation

e. Stronger Interest from the Private Sector

f. Greater Demands from End Users

g. Keen Adoption for Homeland Security

7. Market Restraints

a. Conservative Financial Expenditure

b. Lack of Standards

c. Lack of Project Visibility in the Region

d. Unable to Comprehend ROI

e. Privacy Concerns

2. Market Forecasts and Trends

1. Revenue Forecasts

2. Market Perspective

3. Technology Perspective

3. RTLS Market Vertical

1. RTLS Healthcare Vertical

1. Market Drivers

2. Market Restraints

2. RTLS Manufacturing Vertical

1. Market Drivers

2. Market Restraints

3. RTLS Transportation and Logistics Vertical

1. Market Drivers

2. Market Restraints

4. RTLS Emerging Verticals

1. Market Drivers

2. Market Restraints

4. Analysis by Country

1. Current Level of RTLS Adoption

1. Adoption Level

2. RTLS Deployments or Initiatives

1. Notable RTLS Deployments or Initiatives Carried in Asia Pacific

2. Notable RTLS Deployments or Initiatives Carried in Rest of the World

5. Competitive Landscape

1. Competitive Structure

1. Overview

2. Market Participants

6. Conclusion and Outlook

1. Summary of Findings

1. Future of RTLS in Asia Pacific

7. Appendix

1. Decision Support Databases

1. Total Number of Enterprises

2. Total Number of Retail Stores

3. Total Number of Manufacturing Enterprises

4. Total Number of Mining Enterprises

5. Total New Car Production

6. Total Number of Labour Force

7. Total Military Expenditure as a Percent of GDP

8. Total Health Care Expenditurens

Abstract

This Frost & Sullivan research service titled Asia Pacific RTLS Market identifies the industry challenges, market drivers, and market restraints, providing revenue forecasts till 2013. In this research, Frost & Sullivan's expert analysts examine the broad industry perspective facing countries in the Asia Pacific region.

This analysis is available through our Automatic Identification and Security Growth Partnership Services program. With this program, clients receive industry-leading market research such as this, along with technical and econometric data and many interactive features including Analyst Inquiry Time and Client Councils.

Market Overview

Nascent Asia Pacific RTLS Market on the Verge of Booming Growth as Adoption Increases Across Verticals

The Asia Pacific real time location system (RTLS) market is emerging from its nascent stage, which saw a low record of deployments, and entering a phase of growth, with the overall market expecting to see an increase in demands by 2010. Many enterprises are now more receptive to this technology, focusing on RTLS as an advanced technique to manage their resources. Consequently, this region is witnessing the application of RTLS projects across several verticals including healthcare, manufacturing and logistics, transportation, and even emerging ones such as personnel tracking.

"Current tracking forms such as global positioning systems (GPS), barcodes and manual methods lack accuracy in tracking, thus opening up vast opportunities for RTLS to expand its popularity," opines the analyst of this research service. The mounting interest from government and private sectors and the significant innovations in RTLS technology are also key factors driving market growth.

Building Awareness and Lowering Costs Crucial to Market Success

Although several enterprises are generally aware of RTLS technology, a larger section is still uninformed of its advantages. "Developing this awareness and exposing the end user to the capabilities of RTLS is the key to success in this market, since it will drive the overall market by encouraging more adoptions," suggests the analyst.

The high cost of RTLS projects is also a major hamper to market growth. Despite being aware of its benefits, many companies - especially small and medium enterprises - are held back from installing it by the staggering initial upfront costs. However, the technology cost is expected to come down by 25 to 50 percent in the next 3 to 5 years and once this happens, it is but a natural progression for RTLS to be widely adopted by industries of all sizes.

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