The Real Time Location Systems Market produces real time location systems which are used to track and identify the location of the objects in real time by using the simple nodes like badges or tags. These nodes are attached to or embedded in the objects to be located. They transmit wireless signals to the devices known as anchors which in turn use the wireless signals to determine the location of the objects.
The Real Time Location Systems Market uses some form of radio frequency communication. But some systems use acoustic or optical technology. Tags and fixed reference points can be transmitters, receivers, or both resulting in possible technology combinations. Real time location tracking is a form of local positioning system and does not refer to GPS or mobile phone tracking
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Scope & Regional Forecast of the Real Time Location Systems Market
The Real Time Location Systems Market has the capability of asset tracking, staff safety, patient tracking, workflow optimization, environmental monitoring and reporting. Concerns about patient safety along with the need to improve healthcare facilities have stimulated the use of the real time tracker. Industrial manufacturing, government, defense, process industries, transportation and logistics sector are the other applications of rtls.
The healthcare segment is the major application in the Real Time Location Systems Market. The real time tracking system market players have been focusing on R&D and implementation of new technologies to help the end user industries in tracking assets, objects or personnel. High accuracy and location of the objects are the characteristics of the real time location tracking. The rtls technology is employed in healthcare to have control on different tasks like automation and workflow optimization such as patient admissions and discharging which helps in the patient queuing and gaining customer satisfaction. RTLS tracking also helps in monitoring the movements of patients.
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Segmentations & Key Players Involved in the Real Time Location Systems Market
The Real Time Location Systems Market can be broken down into various segmentations on the basis of –
- Product- Wired, Wireless, and Type 3.
- Application- Asset Tracking, Work in Progress Tracking, Hand Hygiene Tracking.
- Region- North America, Europe, China, Japan, Southeast Asia, and India.
Some of the key players involved in the Real Time Location Systems Market are as follows:
- Ekahau Inc
- Awarepoint Corp
- Versus Technologies
- Stanley Healthcare
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