Lewes, DE -- (SBWIRE) -- 12/02/2016 -- Report forecast the RTLS market in the US to grow at a CAGR of 44.51% during the period 2016-2020.

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.

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

According to the report, RTLS tags are primarily used in the retail, healthcare, transportation and logistics, and chemical industry for asset tracking. Currently, most of the firms are using RTLS to track assets. It helps them increase efficiency and reduce costs. Cellular networks and satellites are often being used for asset tracking on a real-time basis in outdoor environments.

Further, the report states that safety and security is one of the major concerns among enterprises. The RFID tags used in RTLS solutions are creating security and privacy concerns for SMEs because RFID systems work on Wi-Fi and cellular networks that are very easily congested. This has damaging results in military applications and hospitals because if the signal is jammed by unwanted tracking of people, then the lives of soldiers and patients are at stake in the case of emergency. In transportation and logistics, for the safety and security provided through RTLS, the behaviour of the driver such as speeding or harsh braking is tracked since it can affect not only the workforce but also have an adverse impact on customer service if the consignments are not delivered in proper condition.

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.

key players in the RTLS market in the US: AiRISTA, HP, STANLEY Healthcare, Ubisense, and Zebra

Other Prominent Vendors in the market are: Awarepoint, DecaWave, GE Healthcare, HID, IBM, Intelligent InSites, Identec Solutions, Mojix, PINC Solutions, PLUS Location Systems, Radianse, RF Technologies, Sonitor Technologies, TeleTracking Technologies, ThingMagic, Tyco Security Products, and Versus Technology

Market driver
- Increased use of RTLS tags in healthcare sector
- For a full, detailed list, view our report

Market challenge
- Limited well-defined RTLS technology standards
- For a full, detailed list, view our report

Market trend
- Emerging new cost-effective technologies
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 64 pages and 31 Exhibits "RTLS Market in the US 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Five forces analysis, Market segmentation by solution, Market segmentation by technology, Market segmentation by application, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/rtls-market-us-2016-2020

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