Published on : Dec 22, 2016
ALBANY, NY, Dec 22, 2016: The research report, titled “ Global RTLS Market in the Transportation and Logistics Sector 2016-2020,” offers a complete overview of this market, with a special focus on the key trends, growth drivers, limitations, opportunities, challenges, and future prospects.
According to the research study, the global market for RTLS used in the transportation and logistics sector is estimated to expand at an exceptional CAGR of 49.23% during the period from 2016 to 2020.
The research report studies the global market for RTLS used in the transportation and logistics sector on three factors: The solution, technology, and the geography. Solution wise, the market has been classified into tags and systems. The demand for systems has been higher than tags, owing to the rising installation of RTLS in various applications, such as fleet management, asset tracking, and shipment tracking. This trend is expected to continue over the forecast period, notes the research study.
Based on the technology, the report has classified the worldwide market for RTLS used in the transportation and logistics sector into Wi-Fi, RFID, and Barcodes and QR code. The RFID segment has been leading the global market and is likely to continue doing so over the next few years, states the report.
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Geographically, Europe and the Middle East and Africa (EMEA), Asia Pacific (APAC), and the Americas have been identified as the main segments of the global market for RTLS used in the transportation and logistics sector. With the significant expansion in the transportation and logistics sectors, the Americas is likely to emerge as the leading consumer of RTLS across the world in the forthcoming years. The growing demand for RFID tags in Canada and Brazil is also expected to boost the Americas market for RTLS used in the transportation and logistics sector over the forecast period, notes the study.
The report also presents the competitive analysis of the global market for RTLS used in the transportation and logistics sector. With the intense competition between AiRISTA, Samsung, CSR Group, Zebra Technologies, and Ubisense, the market has been demonstrating a highly fragmented and competitive landscape. With the continual entry of new participants, the degree of competition within the market is likely to remain high over the forecast period, reports the study.
Some of the other important participants profiled in this research study are ThingMagic, Awarepoint, Convergence Systems, BeSpoon, DecaWave, HID, Essensium, IBM, Identec Solutions, Intelligent InSites, Mojix, Sewio, PINC Solutions, and Tyco Security Products.
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