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(MoneyNewsWire.Net, July 13, 2016 ) Description - RTLS for Industrial Applications Market
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.
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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?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
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Table of Content
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
Difference between RFID and RTLS technologies
PART 05: Location-based services ecosystem
PART 06: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 07: Market segmentation by technology
Segmentation of global RTLS for industrial applications market by technology
Systems
Tags
PART 08: Geographical segmentation
Segmentation of global RTLS for industrial applications market by geography
Americas
EMEA
APAC
PART 09: Market drivers
Adoption of RTLS for ease of inventory management
Error reduction in data entry
Declining prices of RFID tags
PART 10: Impact of drivers
PART 11: Market challenges
Safety and security concerns
High implementation cost
Low quality of wireless networks
Lack of well-defined RTLS technology standards
PART 12: Impact of drivers and challenges
PART 13: Market trends
Growing popularity of smart factories
Rising adoption of UWB RTLS technology
Emergence of UWB and ZigBee technologies
PART 14: Vendor landscape
Competitive scenario
Vendor analysis
PART 15: Appendix
List of abbreviations
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