A new report “Real Time Locating Systems
(RTLS, RFID, Bluetooth, Wi-Fi, UWB, GPS, IR, NFER, ZigBee and Emerging
Technologies) and Application (Manufacturing, Healthcare, Transportation &
Logistics, Retail, Public Safety and Defense) Market - Global Industry
Analysis, Size, Growth, Share, Trends, and Forecast, 2012 - 2020” by allied
market research is published at Analyzefuture.com.
The global Real Time Locating Systems (RTLS) market was worth
$11.7 billion and it is anticipated to grow to $43.7 billion by 2020 at a CAGR
of 20.7% from 2013 to 2020.GPS has come out to be a market leader among all
RTLS technologies surpassing active RFID and it is expected to grow at a CAGR
of 23.8% between 2013 and 2020 to reach market revenue of $15 billion in 2020.
The higher adoption of GPS technology can easily be credited to its enhanced
accuracy levels and application in tracking high valued assets such as
airplanes and cargo ships.
Being the only technology used for asset tracking and other real
time applications, active RFID was one of the most leading players in RTLS
technologies; but with market evolving, new and enhanced technology
options are now available in the market such as GPS and Wi-Fi along with RFID.
Operating parameters of the real time location systems has got a new dimension
due to innovation of this technology and hence, more organizations are now
willing to implement the system because they don’t have to setup a separate
infrastructure for using RFID.This report focuses on key factors impacting the
RTLS market for planning of the industrial positioning. It informs interested
parties about the scope of various technologies used in the market and its
implementation in various industry verticals.
Some of the driving factors of the market are precise tracking of
assets, easy implementation in complex settings, interests from government
department, increase in operation efficiency of organizations, and return on
investment. However, there are some factors that act as a hindrance for its
growth such as privacy concerns, additional cost for organizations and lack of
technological standards. The growth opportunities for key players are because
of the new technologies that offer RTLS solution makers better options for
developing new products and the emerging nations are expected to have higher
growth rates along with sustained growth in U.S. and other developed nations.
Table Of
Contents:
1.Introduction
2.Executive Summary
3.Global Real Time Location Systems (RTLS) Market Overview
4.RTLS Market by Technology
5.RTLS Market by Application
6.RTLS Market by Geography
7.Company Profiles
2.Executive Summary
3.Global Real Time Location Systems (RTLS) Market Overview
4.RTLS Market by Technology
5.RTLS Market by Application
6.RTLS Market by Geography
7.Company Profiles
About:
Analyze Future bring to you research reports that will help you
take an informed and strategic oriented decisions. Our sourced research reports
are highly authentic and integrate latest market development for a better
understanding. We have a repository of large market research reports helping
with different needs.
No comments:
Post a Comment