About RTLS 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/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. RTLS has found its application in transportation, logistics, and supply chain management companies.
Technavio’s analysts forecast the global RTLS market in transportation and logistics sector to grow at a CAGR of 49.23% during the period 2016-2020.
Covered in this report The report covers the present scenario and the growth prospects of the global RTLS market in transportation and logistics sector for 2016-2020. To calculate the market size, the report considers the revenue from the use of RTLS system and tags in logistics and supply chain management in onshore and offshore projects and from active RFID, passive RFID, out-of-band, GPS, AGPS, and Wi-Fi technologies used in transportation and logistics.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global RTLS Market in Transportation and Logistics Sector 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.
Market driver - Inclination toward fleet management - For a full, detailed list, view our report
Market challenge - Security and privacy concerns - For a full, detailed list, view our report
Market trend - Increasing adoption of UWB RTLS technology - 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?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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