RTLS Market in the US 2016-2020
About RTLS in the US
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 or 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.
Technavio’s analysts forecast the RTLS market in the US to grow at a CAGR of 44.51% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the RTLS market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated from the following:
Technavio Announces the Publication of its Research Report – RTLS Market in the US 2016-2020
Technavio recognizes the following companies as the key players in the RTLS market in the US: AiRISTA, HP, STANLEY Healthcare, Ubisense, and Zebra
Other Prominent Vendors in the market are: Awarepoint, DecaWave, GE Healthcare, HID, IBM, Intelligent InSites, Identec Solutions, Mojix, PINC Solutions, PLUS Location Systems, Radianse, RF Technologies, Sonitor Technologies, TeleTracking Technologies, ThingMagic, Tyco Security Products, and Versus Technology
Commenting on the report, an analyst from Technavio’s team said: “UWB RTLS technology offers high accuracy over short-to-medium distances and is less expensive as compared to other RTLS technologies. UWB RTLS technology is also considered to be useful for short-range and low-data-rate communications. The potential of UWB RTLS to deliver accurate results in high ranging applications is beneficial for end-users. This technology is also useful for applications that require high accuracy because it offers the precise location at a distance of less than 300 meters.”
According to the report, RTLS tags are primarily used in the retail, healthcare, transportation and logistics, and chemical industry for asset tracking. Currently, most of the firms are using RTLS to track assets. It helps them increase efficiency and reduce costs. Cellular networks and satellites are often being used for asset tracking on a real-time basis in outdoor environments.
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 security and privacy concerns for SMEs because RFID systems work on Wi-Fi and cellular networks that are very easily congested. This has damaging results in military applications and hospitals because if the signal is jammed by unwanted tracking of people, then the lives of soldiers and patients are at stake in the case of emergency. In transportation and logistics, for the safety and security provided through RTLS, the behaviour of the driver such as speeding or harsh braking is tracked since it can affect not only the workforce but also have an adverse impact on customer service if the consignments are not delivered in proper condition.
AiRISTA, HP, STANLEY Healthcare, Ubisense, Zebra, Awarepoint, DecaWave, GE Healthcare, HID, IBM, Intelligent InSites, Identec Solutions, Mojix, PINC Solutions, PLUS Location Systems, Radianse, RF Technologies, Sonitor Technologies, TeleTracking Technologies, ThingMagic, Tyco Security Products, Versus Technology.
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