07-11-2018 12:21 PM CET - IT, New Media & Software

Real-Time Locating Systems Market 2018 Grow with Leading Key Vendors as IMPINJ Inc., Savi Technology, AiRISTA LLC, CenTrak Inc., Versus Technology Inc., Identec Group AG, Redpine Signals Inc., Decawave Ltd., Awarepoint Corp.

Press release from: Market Research Future - MRFR

Real-Time Locating Systems Market Global Market - Overview
Real-Time Locating Systems (RTLS) use networked sensor technologies to identify and track the location of objects in real time using nodes or tags embedded in the objects. These tags work as receivers which communicate using radiofrequency signals so as to determine the location of devices. Real-Time Locating Systems (RTLS) are basically developed for asset management to keep track of assets. Moreover, these systems can be used to track employees in the organization in case of any emergency. In case of fire, these systems are effective in detecting and tracking people inside the premises. The tag can also be implanted with a panic button to ensure quick response from users. Real-Time Locating Systems (RTLS) capable products can be majorly observed in various sectors including supply chain management (SCM), health care, military & defense, retail, recreation, and postal and courier services. Applications of Real-Time Locating Systems (RTLS) include fleet tracking, navigation, inventory and asset tracking, personnel tracking, and network security among others.

Current system of Real-Time Locating Systems (RTLS) is based upon active RFID (Radio Frequency Identification) technology and is available to demonstrate at any time. Effective Real-Time Locating Systems (RTLS) implementations results in huge cost savings by enhancing journey routing capabilities. The accuracy can be achieved by uplifting productivity and efficiency among fleet drivers. This in turn, will deliver a positive return on investment (RoI) in efficiency. The Real-Time Locating Systems (RTLS) market is driven by rising market competition and technological advancements in location systems. However, lack of uniform standards in providing accurate positioning is one of the hindering factor of Real-Time Locating Systems (RTLS) market.

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Key Players
The prominent players in the real-time locating systems market are - Stanley Healthcare (U.S.), Zebra Technologies Corp. (U.S.), Ubisense Group PLC. (U.K.), IMPINJ, Inc. (U.S.), Savi Technology (U.S.), AiRISTA, LLC (U.S.), CenTrak, Inc. (U.S.), Versus Technology, Inc. (U.S.), Identec Group AG (Liechtenstein), Redpine Signals, Inc. (U.S.), Decawave Ltd. (Ireland), Awarepoint Corp. (U.S.), BeSpoon SAS (France), among others, are profiled in Market Research Future analysis and are at the forefront of competition in the global real-time locating systems market.

Segmentation by component: hardware and software.
Segmentation by application: inventory management, asset tracking management, and others.
Segmentation by technology: RFID, Wi-Fi, UWB, GPS, and others.
Segmentation by industries: retail, banking, manufacturing, healthcare, and others.
Segmentation by region: North America, Europe, Asia Pacific and rest of the world.

Regional Analysis
The regional analysis of Real-Time Locating Systems Market is studied for North America, Europe, Asia Pacific and Rest of the World. North America is expected to dominate the Real-Time Locating Systems market owing to high return on investments (RoI) of locating systems. The major factors responsible for the growth of North America is the development in location based services and high adoption of mobility as service. Additionally, major vendors providing real-time locating services reside in countries like U.S. and Canada.
On the other hand, Asia Pacific is expected to show a highest growth rate during the forecast period. Asia Pacific is witnessing a rapid change in the adoption of various applications of real-time locating services in transportation, construction, and automotive.

Industry News
June 18, Versus Announces New Wrist-Wearable RTLS Badge for Patient Flow.
Versus, the leading provider of staff workflow and patient flow technology using real-time locating systems (RTLS), announces a new locator badge for patients and staff. Featuring dual infrared (IR) and radio frequency (RF) signalling technology that provides industry-leading location accuracy1 in a smaller, lightweight form factor, the Clearview™ Mini is four wearable in one.
June 18, Zebra Technologies expands location solutions portfolio by adding Zebra MotionWorks for industrial markets.
The MotionWorks Asset solution allows businesses to track and manage important assets with detailed, on-time information about the location, condition, and state of their enterprise resources. Zebra MotionWorks automatically senses the location of assets and inventory, helping improve employee safety, streamlining production lines, and delivering actionable insights to increase productivity and efficiency.
May 18, Real-Time Location Systems help hospitals track the chaos.
Asset tracking tech offers a single picture of hospital operations to streamline people and technology management. Hospitals are adopting real-time location systems (RTLS) and mobile computing to automatically track the real-time geographic location of everything from equipment, supplies and pharmaceuticals to patients and staff.
April 18, Siemens has acquired Agilion which supplies real-time locating systems for use in logistics, production and maintenance.
RTLS is an essential key technology and a new step on the road towards flexible automation in production, for instance by providing dynamic self-organize production concepts in the assembly of large-scale products. Real-time locating also enables the safe, efficient use of collaborative mobile robots.

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Table 1 Global Real-Time Locating Systems Market, By Components
Table 2 Global Real-Time Locating Systems Market, By Application
Table 3 Global Real-Time Locating Systems Market, By Technology
Table 4 Global Real-Time Locating Systems Market, By Industry
Table 5 Global Real-Time Locating Systems Market, By Regions

Figure 1 Research Type
Figure 2 Global Real-Time Locating Systems Market: By Components (%)
Figure 3 Global Real-Time Locating Systems Market: By Application (%)
Figure 4 Global Real-Time Locating Systems Market: By Technology
Figure 5 Global Real-Time Locating Systems Market: By Industry (%)

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