Published Date : Dec 26, 2016
ALBANY, NY, Dec 26, 2016: After extensive primary and secondary research, the report forecasts the global real-time location system (RTLS) market in the transportation and logistics sector to register a staggering CAGR of 49.23% in the period during 2016 and 2020.
A real-time location system finds application in tracking, managing, and identifying the geographical location of a target, which can range from an object in a manufacturing facility to a vehicle or a person. To do so, an RTLS, which is mostly embedded in an object such as a mobile phone or navigational system, leverages wireless nodes or tags and readers. Current real-time location systems leverage wireless technologies, namely Bluetooth, Wi-Fi, GPS, etc. RLTS-enabled products are rapidly finding application in retail, logistics, transportation, healthcare, military, and supply chain management companies.
Among them, the end-use segment of transportation and logistics has substantially boosted the global RTLS market. This is because of the growing thrust on fleet management that necessitates the use of the technology. Concerns over security and privacy, however, have to some extent acted as a deterrent for the market. Having discussed such growth drivers and restraints, the report goes on to uncover a prevalent noticeable trend in the market – the wide take-up of the Ultra Wideband (UWB) RTLS technology.
To examine the global market in RTLS in the transportation and logistics sector carefully, the report segments it based on different parameters. Depending upon technology, for example, the report divides the market into barcodes and QR codes, RFID, Wi-Fi, and others. It compares the different technologies and studies the difference between active and passive RFID technologies. Application-wise, it divides the market into asset and inventory tracking, personnel tracking, and others.
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Geographically, the report divides the market into the Americas, Europe, the Middle East, and Africa, and Asia Pacific. It furnishes information on the size of the market in each of the regions based on revenue and sales and also sheds light on their possible growth trajectory in the near future. Further, the report leverages analytical tools such as Porter’s Five Forces that gauges the competitive landscape in the market by factoring in supplier power, buyer power, competitive rivalry, threat of substitution, and threat of new entrants.
To arrive at the current market size, the report estimates the revenue generated from the use of RTLS system and tags in logistics and supply chain management in both onshore and offshore projects and from out-of-band GPS, active RFID, passive RFID, AGPS, and Wi-Fi technologies applied in transportation and logistics.
Some of the key vendors profiled in the report are AiRISTA, Samsung, Zebra Technologies, CSR Group, and Ubisense. The report studies the product offerings, market share, and key strategies of the aforementioned players to come up with more insights on the current competitive scenario.
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