RFID Technology in Real Time Location System (RTLS) Market is Anticipated to Have A Majority Share by 2024 | Leading Players are Ekahau, GE Healthcare, Impinj, Redpine Signals, STANLEY Healthcare, TeleTracking, Zebra Technologies

The qualitative research study introduced by Global Market Insights, Inc. on real time location system (RTLS) market Report provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the industry.

Based on technology, the real time location system (RTLS) market can be classified into several wireless communication technologies such as Bluetooth Low Energy (BLE), GPS, infrared, Radio Frequency Identification (RFID), ultrasound, Ultra-Wide Band (UWB), WhereNet, Wi-Fi, and ZigBee communications.

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The RFID technology is anticipated to have a majority share owing to its features such as high accuracy, minimal maintenance fee, and long battery life in comparison to the other wireless communication technologies. In addition, UWB technology is anticipated to grow at a high rate due to features such as usability in acceptable operating range, indoor & outdoor environments, low interference with other signals, and high-precision location identification, making UWB a significant technology in the RTLS market.

Growing government support & initiatives for the usage of these systems and plummeting prices of components is anticipated to increase the adoption of RTLS. In addition, heavy investments in the technology and increasing applications of the solutions across several industry segments will drive the real time location system (RTLS) market ket growth over the forecast time span. In addition, systems help in enhancing efficiency, accuracy, and operational superiority, resulting in enhanced productivity.

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Based on the applications, the real time location system (RTLS) market can be segmented into inventory & asset tracking & management, temperature & humidity monitoring, supply chain management, mapping & visualization, staff locating & monitoring, security, dock monitoring & warehousing, workflow & process automation, postal & courier services, and others. In inventory & asset tracking & management, the systems track vehicles’ speed, geographical location, and analyze drivers’ efficiency. Integrating GPS, mobile cellular technology, and mapping using RTLS will allow more intricate navigation facilities. This has stimulated the implementation of these devices, thereby driving the RTLS market growth.

North America real time location system (RTLS) market held a high market share in 2016, which was majorly driven by growing number of applications in the healthcare segment coupled with the government support & initiatives from the administration. The U.S. market is a major contributor to the RTLS market growth owing to the speedy adoption of RTLS technology in the healthcare sector. Moreover, the presence of major RTLS players in the U.S. is also driving the industry growth.

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Some of the major real time location system (RTLS) market players involved in the RTLS market include AeroScout Industrial, AiRISTA, LLC., Awarepoint Corp., BeSpoon SAS, CenTrak, Inc., Decawave Ltd., Ekahau, General Electric Healthcare, Identec Group AG, IMPINJ, Inc., Redpine Signals, Inc., Savi Technology, Sonitor Technologies, Stanley Healthcare, Tele Tracking Technologies, Ubisense Group PLC., Versus Technology, Inc., and Zebra Technologies Corp.

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