Overview of the global RTLS market in the transportation and logistics sector

Technavio’s market research analyst predicts that the global RTLS market in the transportation and logistics sector will grow tremendously during the forecast period, posting a CAGR of more than 49%. RTLS tags play a very important role in the logistics and transportation industries, which aim to have an improved supply chain efficiency. RTLS is mainly used in shipment and cargo container tracking, yard and fleet management, and equipment and asset tracking. As the manual procedures are prone to error and lack real-time updates about the assets, the application of cost-effective RTLS tags enhances supply chain visibility and security, increases productivity and agility, and minimizes labor and fuel costs. Moreover, several vendors in the market are coming up with advanced RFID tags and components that help in optimizing automated asset tracking and logistics systems. The RFID transponders allow continuous traceability and reduce losses, thereby enhancing stock management and processing speed. With the introduction of new cost-effective technologies such as UWB and ZigBee, the global RTLS market for transportation and logistics is anticipated to witness massive growth over the next few years.

The RTLS market in the transportation and logistics sector in the Americas is anticipated to increase considerably over the next four years, with the US being the highest revenue contributor. Most transportation and logistics companies are incorporating RTLS for the smooth functioning of operations. Zebra Technologies is the major RTLS providers in this region. Also, several vendors are using RFID tags and RTLS solutions for tracking their assets. Technavio expects that the demand for RFID tags will increase further in countries like Canada and Brazil because of the increase in adoption of tags in SMEs.

Competitive landscape and key vendors

The competition among RTLS equipment and services providers is constantly increasing in the global RTLS market in transportation and logistics sector. Many players have entered the market in the recent years with the increased use of RTLS. The rising demand for RTLS solutions from transportation and logistics sector, development of advanced technological solutions, and maturity of Wi-Fi and cellular-based technologies for RTLS solutions has prompted several IT solution providers to acquire SMEs. The market is expected to witness several mergers and acquisitions (M&A) during the forecast period

Leading vendors in the market are -

• AiRISTA
• CSR Group
• Samsung
• Ubisense
• Zebra Technologies

Other prominent vendors in the RTLS market in the transportation and logistics sector include Awarepoint, BeSpoon, Convergence Systems, DecaWave, Essensium, HID, IBM, Intelligent InSites, Identec Solutions, Mojix, PINC Solutions, Sewio, ThingMagic, and Tyco Security Products.

Segmentation by solution and analysis of the RTLS market in the transportation and logistics sector

• Systems
• Tags

The systems segment dominated the market ad accounted for the largest market share in 2015. The RTLS systems include location sensors, location readers, network infrastructure, and application software/middleware. The segment is expected to witness significant growth during the forecast period due to the increased implementation of RTLS in applications like asset tracking, fleet management, and shipment tracking.

Segmentation by technology and analysis of the RTLS market in the transportation and logistics sector

• RFID
• Wi-Fi
• Barcodes and QR code

The RFID segment dominates the market and is expected to increase significantly during the predicted period. In the transportation and logistics industry, the RFID tags are widely used for asset tracking and workforce management that assists this industry to enhance its efficiency and operational effectiveness. Moreover, with the rapidly declining costs of RFID tags the competition in the market is getting intense among various vendors in the industry. The passive RFID segment is expected to grow in the coming years due to the development of new applications.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global RTLS market in the transportation and logistics sector?
• What are the key market trends impacting the growth of the global RTLS market in the transportation and logistics sector?
• What are the challenges to market growth?
• Who are the key vendors in the global RTLS market in the transportation and logistics sector?
• What are the market opportunities and threats faced by the vendors in the global RTLS market in the transportation and logistics sector?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global RTLS market in the transportation and logistics sector?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• RTLS Market in the US 2016-2020
• Global RTLS Market for Industrial Applications 2016-2020
• Global RTLS Market 2016-2020