Real Time Location System Market: Emanate Wireless to Provide Healthcare Equipment Tracking Systems

The Real Time Location System Market deals with the development of tracking systems operating in real-time while being powered by RTLS technology and GPS to track the location of individuals or objects. Real time trackers are embedded in the entity which needs to be monitored.
The Real Time Location System Market has made various advantages like minimizing costs, providing healthcare more promptly, improving efficiency, streamlined organization of assets in enterprise scenarios, etc., possible due to the constant innovation and advancement of real time location systems technology. Due to high business and industrial adoption rates, the various sub-groups within real time tracking systems are also cheaper to make due to economies of scale.
Scope & Regional Forecast of the Real Time Location System Market
The RTLS solutions distributed by the Real Time Location System Market have received an ample amount of government support as well as being applied in several new innovative industry verticals. The manufacturing sector has long been viewed as a steady source of income and has boosted operational efficiency and finding of assets through RTLS systems.
The Real Time Location System Market was preceded by automatic identification where technology was utilized to aid machines and identify various objects. But RTLS solutions enabled real time tracker systems through GPS and ensured the ability to monitor the physical state of a particular object. Such benefits allowed RTLS technology to serve a wide variety of purposes.
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In 2015, the swift improvement of RTLS technology saw North & South America dominate the Real Time Location System Market, and subsequently trailed by Europe. In the future, Asia-Pacific is predicted to exhibit the quickest development owing to an improvement in public awareness and reduction in prices. China and India, especially, are expected to drive future demand for RTLS systems. As far as end-users are concerned, major requirements are expected from the manufacturing, healthcare and defense sectors.
Segmentations & Key Players Involved in the Real Time Location System Market
According to IndustryARC findings, the Real Time Location System Market can be broken down into various segmentations on the basis of –
Industry Verticals: Manufacturing, Logistics, Healthcare, Defence, Security and Others.
Technology: Passive RFID, Active RFID (Bluetooth, GPS, UWB (Ultra Wideband), Wi-Fi, Infrared, Ultrasound, Zigbee and Others).
Component: Tags, Software and Sensors.
Application: Asset/Inventory Tracking, Work in Progress Tracking, Vehicle/Fleet Tracking, Shipping Containers Tracking, Personnel Tracking, Patients Activity Tracking and Others.
Geography: North America, South America, Europe, Asia-Pacific and Rest of the World.
Some of the key players involved in the Real Time Location System Market according to IndustryARC are as follows:
Versus Technologies, Inc.
Radianse Inc. (Airpointe Corporation)
Identec Solutions
Teletracking Technologies
Savi Technology
GE Healthcare
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