RTLS Market in the US Grow at a CAGR of 44.51% by Revenue During the Forecast Period 2016-2020
ResearchMoz presents this most up-to-date research on RTLS Market in the US 2016-2020.
About RTLS in the US
RTLS is the technology used to find, track, manage, and identify the geographical position of a target on a real-time basis with the help of nodes or tags and readers. Nodes or tags are embedded in smartphones or navigational devices through which a user can easily track an object. A reader is used to receive wireless signals from the tags through which an object can be located. RTLS works on technologies like GPS, ultra-wideband (UWB), Bluetooth, Wi-Fi, and RFID to track the location of objects.
Technavios analysts forecast the RTLS market in the US to grow at a CAGR of 44.51% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the RTLS market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated from the following:
RTLS systems and tags
Active RFID, passive RFID, out-of-band, GPS, AGPS, and Wi-Fi technologies
The transportation, healthcare, retail, government, and other sectors
In the transportation sector, revenue from use of tags and systems in logistics and supply chain management in onshore and offshore projects
In the healthcare sector, revenue from asset tracking, people tracking, and hospital management
In the retail sector, revenue from asset tracking, inventory tracking, and workflow management
In the government sector, revenue from asset tracking in military applications
In other sectors, use of RFID tags in various sectors that include oil and gas, education, mining, manufacturing, and automotive
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Technavio’s report, RTLS Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors
PLUS Location Systems
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