One of the exciting aspects of working in technology is that you are always chasing improvements. How can we take this to the next level? How can we do more or blaze a trail? It’s not to say this doesn’t happen in other industries, but the difference in tech is if you don’t truly drive forward, someone else will overtake quickly.
The RTLS market is estimated to be valued at USD 3.9 billion in 2021 and reach USD 12.7billion by 2026, at a CAGR of 26.5%.Real-time location systems (RTLS) are local positioning and tracking systems used to locate and identify objects/people/targets automatically in real time, usually for indoor applications such as within buildings or other contained areas. RTLS tags/badges/sensors attached to objects or worn by people communicate wirelessly with fixed receivers/readers/trackers/exciters/reference points/access points installed in the vicinity. RTLS is not a specific type of system or technology but rather a goal that can be accomplished with a variety of systems for locating and managing assets/people. An RTLS may use different technologies for communication between tags and receivers, depending on the application/use case requirement. Various technologies, such as radio-frequency identification (RFID), wireless fidelity (Wi-Fi), ultrasound, infrared or infrared radiation (IR), ultra-wideband (UWB), and Bluetooth Low Energy (BLE), are used for precise locating or tracking applications in real time.