RTLS for Industrial Applications Industry to Grow at 31.14% CAGR to 2 RTLS for Industrial Applications Industry to Grow
Global RTLS for Industrial Applications Market 2016-2020
Global RTLS for Industrial Applications Market 2016-2020 is the latest addition to Sandlerresearch.org
industry research reports collection.
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.
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.
The analysts forecast Global RTLS for Industrial Applications Market to grow at a CAGR of 31.14%
during the period 2016-2020.
Covered in this Report
This report covers the present scenario and the growth prospects of the global RTLS for Industrial
Applications market for 2016-2020.
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Key regions
Americas
APAC
EMEA