Global RTLS Market for Industrial Applications Market to Grow at a CAGR of +22% During Forecast Period 2018-2023
The real-time location system (RTLS) uses inexpensive tags and cellular reader system to track an asset, a person, or any object on a real-time basis. This system employs radio frequency identification (RFID) technology for communication, whereas some systems use optical or acoustic technology, either in a combination or separately. RFID tags are widely used in the manufacturing industry for tracking assets and managing the workforce, thus helping the industry to expand its efficiency and effectiveness in multiple operations. With the...
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