Global RTLS for Industrial Applications Market 2016-2020

Global RTLS for Industrial Applications Market 2016-2020

About RTLS for Industrial Applications

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.

Covered in this report

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.

The market is divided into the following 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
  • Schmidt
  • Ubisense
  • Zebra Technologies
  • View Technologies
Market driver
  • Adoption of RTLS for ease of inventory management
  • For a full, detailed list, view our report
Market challenge
  • Safety and security concerns
  • For a full, detailed list, view our report
Market trend
  • Growing popularity of smart factories
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global RTLS Market for Industrial Applications 2016-2020

Technavio recognizes the following companies as the key players in the global RTLS market for industrial applications: AeroScout MobileView, Awarepoint, Ekahau, Essensium, HP, PINC Solutions, Schmidt, Ubisense, Zebra Technologies, and View Technologies.

Commenting on the report, an analyst from Technavio’s team said: “One trend impelling growth is the rising adoption of UWB RTLS technology. Ultra-wideband (UWB) RTLS technology provides high accuracy over short-to-medium distances and is inexpensive compared to other RTLS technologies. UWB RTLS technology is also considered to be useful for short-range, low-data-rate communications. The potential of UWB RTLS to provide accurate results in high-ranging applications is advantageous for end-users. This technology is also useful for applications that require high accuracy because it provides the precise location at a distance of less than 300 meters.”

According to the report, one driver spurring growth in the market is the adoption of RTLS for ease of inventory management. Inventory management includes tracking products, items or assets of a company, managing storage of components that will be required during production as well as overseeing the quantity of finished products. Inventory is an important asset for a company that requires investment from manufacturing to the sale of products. Mismanagement of inventory can lead to significant financial problems, leading to inventory glut or inventory shortage.

Further, the report states that one challenge negatively impacting the growth of this market is the high implementation cost. Implementation of RTLS is expensive because of its high initial deployment cost, which will compel manufacturers to opt for low-cost technologies such as barcode system. The cost of RTLS includes expenses involved in planning and design, cabling, software licenses, and location hardware such as sign posts and readers. The deployment cost depends on site-specific parameters and the kind of equipment used. Implementation of RTLS in a large manufacturing company may cost $10-$30 million.

Companies Mentioned

AeroScout MobileView, Awarepoint, Ekahau, Essensium, HP, PINC Solutions, Schmidt, Ubisense, Zebra Technologies, and View Technologies.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Standard currency conversion rates
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Comparison of different wireless technologies
      • Table Comparison of AoA, TDOA, and RSSI
    • Difference between RFID and RTLS technologies
      • Table Comparison of active and passive RFID
      • Table Passive RFID tags work at low, high, and ultra-high frequencies.
      • Table Market summary
  • Location-based services ecosystem
    • Table Differences between indoor and outdoor LBS
    • Table LBS value chain
    • Table LBS applications
  • Market landscape
    • Market overview
      • Table Global RTLS for industrial applications
      • Table Global RTLS for industrial applications market by end-users 2015
      • Table RTLS deployment by vertical market (except industrial)
    • Market size and forecast
      • Table Global RTLS for industrial applications 2015-2020 ($ millions)
      • Table Common RTLS applications
      • Table Industry-specific RTLS applications
      • Table Application-wise RTLS process automation and value addition
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Segmentation of global RTLS for industrial applications market by technology
      • Table Global RTLS for industrial applications market by technology 2015
      • Table Global RTLS for industrial applications market by technology 2015 ($ millions)
    • Systems
    • Tags
  • Geographical segmentation
    • Segmentation of global RTLS for industrial applications market by geography
      • Table Global RTLS for industrial applications market by geography 2015-2020
      • Table Global RTLS for industrial applications market by geography 2015-2020 ($ millions)
    • Americas
      • Table RTLS for industrial applications market for Americas 2015-2020 ($ millions)
    • EMEA
      • Table RTLS market for industrial applications for EMEA 2015-2020 ($ millions)
    • APAC
      • Table RTLS for industrial applications for APAC 2015-2020 ($ millions)
      • Table CAGR comparison of RTLS for industrial applications market
  • Market drivers
    • Adoption of RTLS for ease of inventory management
    • Error reduction in data entry
    • Declining prices of RFID tags
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Safety and security concerns
    • High implementation cost
    • Low quality of wireless networks
    • Lack of well-defined RTLS technology standards
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing popularity of smart factories
    • Rising adoption of UWB RTLS technology
    • Emergence of UWB and ZigBee technologies
  • Vendor landscape
    • Competitive scenario
      • Table List of vendors
    • Vendor analysis
      • Table AeroScout: Products and services
      • Table Ekahau: Product offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook