Earlier machines were assisted with either humans or other technologies in order to track objects. With strong technological advancements, [b]automatic data sensors[/b] have been invented and being used in current day. This reduction in time, energy and sources for human where the machines will automatically update the data into the systems, won over the market. This further led to the invent of [b]real time location systems[/b] which not only were designed for automatic date capture tasks but were additionally fitted with other abilities like viewing objects’ real time location or also monitor its state on various portable devices.

[b]Real Time Location System (RTLS) Market Trends[/b]:

The [b]Real Time Location System (RTLS) Market generated revenue of $328 million in the manufacturing industry in 2014[/b] and forecasted to reach $7 billion by end of 2020, according to a market research by IndustryARC. This market is estimated to grow at a high rate of nearly 30% CAGR through 2020. A growth in [b]RTLS use in the manufacturing industry[/b] is projected due to strong demand in the safety services and insurance segments.

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[b]Market Driving Factors[/b]:

The declining prices and growing awareness of [b]Real Time Location System (RTLS)[/b] are set to propel the growth of the global market. The improved accuracy as well as growing applications and adoptions of the systems is another market driver. The increased customer demand for tracking services is set to drive the industry further.

The growing technological advancements that result in a lower price, as well as improved efficiency and non-interference of signals, are also set to propel this market. Declining prices of Real Time Location System (RTLS) Technologies will make the adoption of RTLS rise, particularly in the cost-sensitive APAC market. As a result, [b]RTLS services[/b] and products will have a larger potential market.

[b]Geographical Analysis[/b]:

North America is currently the biggest [b]Real Time Location System (RTLS) Market[/b], followed by Europe. However the APAC region is poised to grow at the highest CAGR during the forecast period 2015-2020, owing to more emerging economies investing significant capital into increasing the adoption of logistics and manufacturing industries across the supply chains.

[b]Market Segmentation[/b]:

[b]Real Time Location System (RTLS) Market[/b] is segmented into broad 5 types based on certain factors as analyzed by the experts of IndustryARC. These classifications are divided into further sub segments with a detailed approach of market study done and included in this market report.
• By Component: Tags, Software and Sensors.
• By Technology: Passive RFID and Active RFID.
• By Industry Verticals: Manufacturing, Logistics, Defense, Security, Healthcare and Others.
• By Applications: Asset/Inventory Tracking, Work in Progress Tracking, Vehicle/Fleet Tracking, Shipping Containers Tracking, Personnel Tracking, Patient Activity Tracking and Others.
• By Geography: North America, South America, Europe, APAC and ROW.

[b]Key Market Players[/b]:

The RTLS companies have looked to partnerships, product launches and agreements to enhance their market position. Companies are focusing on agreements and partnerships to utilize a wide distribution network to improve sales of products. For instance, Intelleflex announced a partnership with InCom Corporation, a [b]RFID based RTLS solution[/b] provider to launch an automated asset tracking RTLS solutions for agrochemical applications. Hewlett Packard Development Company, L.P. More than 40 companies are studied in this report with few top players mentioned below:
• Savi Technology
• Skytron LLC
• Visonic Technologies
• OATSystems

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[b]About IndustryARC[/b]:
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