In the recent years, the evolution of RFID, Wi-Fi, ZigBee, and several other wireless technologies along with the advent of GPS have led to a significant rise in the number of users requiring the need for automatic location identification. The system that makes this concept possible is called Real Time Location System (RTLS) and is it achieved by attaching small electronic devices or wireless tags to people or objects.
Portland, OR -- (SBWIRE) -- 01/10/2018 -- The RTLS technology allows one to track, manage, analyze, and use the information about where people or things are located. Such systems are valuable to businesses as they help generate useful information about products and asset movement within a facility, how fast procedures are carried out, and what businesses can do to improve their services. Industries where RTLS finds application include transportation & logistics, healthcare, manufacturing & processing, education, and others. Players operating in the logistics and transportation sector use RTLS to get real-time visibility of vehicles, equipment, and containers in logistics yards to ensure proper scheduling and shipping operations. In the healthcare domain, RTLS is used to track and manage medical equipment via real-time visibility into the location and status of the equipment.
This reduces inventory costs, saves time in locating missing equipment, and reduces theft of expensive systems. In the manufacturing sector, RTLS is used for tracking real-time assets such as particular containers or production equipment in facilities such as plants and warehouses. In the education sector, RTLS is used to track the location of faculty and staff members within a school to enhance students and staff safety.
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Today, RTLS is a growing market. In a report published by Allied Market Research, the real-time location systems market is expected to garner $7,585 million by 2022, growing at a CAGR of 31.4% during the forecast period. The growth is attributed to the increasing demand for smartphones and mobile applications such as gaming apps, business and communication apps, health & wellness apps, and personal convenience apps, diverse opportunity across applications, and the increasing proliferation of business analytics solutions. Moreover, technological advancements open possibilities for the growth of the industry. On the other hand, operational challenges and high initial costs of RTLS systems limit the growth of the market.
With the RTLS having huge opportunities for growth, several players in the space are looking for expanding the possibilities even further. In October 2017, Sonitor RTLS Technologies launched an RTLS badge called SmartBadge which is designed for healthcare staff assist and staff safety. In November 2017, Alien Technology and SensThys came up with a novel RFID reader+antenna solution that helps businesses track, manage and secure their tagged inventories. In September 2017, Mojix announced its merger with CXignited to create a solution that offers the versatility needed by retailers and manufacturers to automate their inventory management processes.
Sonitor RTLS Technology Launched
Sonitor RTLS Technologies, a developer, manufacturer, and supplier of ultrasound indoor positioning systems, launched an RTLS badge called SmartBadge which is designed for healthcare staffs. Built on the company's existing state-of-the-art technology SmartTagTM platform, the badge constitutes a technology designed for staff assist, staff safety and workflow applications by integrating ease-of-use with industry-leading ultrasound-based accuracy and reliability.
Sonitor's SmartBadge enjoys benefits over other I.D.-like solutions. RF-based solutions that are worn close to the body can experience obstructions as the human body can act as an insulator. Badges adopting IR technology can also pose a problem as they face a risk of the body blocking the line-of-sight that the technology relies on for receiving a signal. On the contrary, ultrasound does not require line-of-sight but fills the required coverage area with ultrasound providing reliability and accuracy.
Sonitor developed the badge by collaborating with its client, Sanford Health, a leading innovator of RTLS technology in healthcare. The company's engineers also used customer feedback to develop many enhanced features for the SmartBadge.
Alien Technology and SensThys Release Novel RFID Solution
Alien Technology, a leader in Radio Frequency Identification (RFID), and SensThys, an Internet of Things (IoT) and RF antenna specialist, recently unveiled a novel RFID reader+antenna solution. Providing industry-leading RFID tag visibility, the solution helps businesses better manage and track their tagged inventory while minimizing overall solution costs significantly. The solution allows several low-cost readers to be installed in an area to increase coverage while reducing cabling, installation time, programming and the overall staffing.
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Mojix Announces Merger with CXignited
Mojix, a Los Angeles-based RFID, and IoT technology company announced that it is merging with CXignited, a European IoT firm. The two businesses said that the combined entity will operate under their respective names - Mojix and CXignited until new information about the merger's branding is released.
The merger is expected to develop a global solution provider that offers the versatility required by retailers and manufacturers as they automate their inventory-management workflows and enhance in-store customer experiences. Post-merger, Dan Doles serves as the president and CEO of the combined entity and Alain Fanet, serves as the chief strategy officer.