Global RTLS Market in the Transportation and Logistics Sector 2016-2020
RTLS is the technology used to find, track, manage, and identify the geographical position of a target on a real-time basis with the help of nodes/tags and readers. Nodes or tags are embedded in smartphones or navigational devices, through which a user can easily track an object. A reader is used to receive wireless signals from the tags, through which an object can be located. RTLS works on technologies like GPS, ultra-wideband (UWB), Bluetooth, Wi-Fi, and RFID to track the location of objects. RTLS has found its application in transportation, logistics, and supply chain management companies.
Technavio’s analysts forecast the global RTLS market in transportation and logistics sector to grow at a CAGR of 49.23% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global RTLS market in transportation and logistics sector for 2016-2020. To calculate the market size, the report considers the revenue from the use of RTLS system and tags in logistics and supply chain management in onshore and offshore projects and from active RFID, passive RFID, out-of-band, GPS, AGPS, and Wi-Fi technologies used in transportation and logistics.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global RTLS Market in Transportation and Logistics Sector 2016-2020
Technavio recognizes the following companies as the key players in the global RTLS market in transportation and logistics sector: AiRISTA, CSR Group, Samsung, Ubisense, and Zebra Technologies.
Other Prominent Vendors in the market are: Awarepoint, BeSpoon, Convergence Systems, DecaWave, Essensium, HID, IBM, Intelligent InSites, Identec Solutions, Mojix, PINC Solutions, Sewio, ThingMagic, and Tyco Security Products.
Commenting on the report, an analyst from Technavio’s team said: “The advent of new cost-effective technologies such as UWB and ZigBee are a major contributor to the growth of the global RTLS market for transportation and logistics. These technologies will have a significant influence on the transportation and logistics sector. Apart from being effective in helping to improve day-to-day operations, functions, and efficiency of staff, these technologies help to reduce the operational cost to a great extent.”
According to the report, augmented reality technology uses geographic information system (GIS) and 3D platforms to provide virtual information about users and their surroundings. This information helps the firms to understand the needs of users and send targeted announcements to them.
Further, the report states that safety and security is one of the major concerns among enterprises. The RFID tags used in RTLS solutions are creating several security and privacy concerns for SMEs because RFID systems work on Wi-Fi and cellular networks that get very easily congested. This has devastating results in transportation and logistics because if the signal is jammed by unwanted tracking of people, then the lives of employees (driver and co-workers) can be at risk in case of emergencies.
AiRISTA, CSR Group, Samsung, Ubisense, Zebra Technologies, Awarepoint, BeSpoon, Convergence Systems, DecaWave, Essensium, HID, IBM, Intelligent InSites, Identec Solutions, Mojix, PINC Solutions, Sewio, ThingMagic, Tyco Security Products.
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