Demand grows for RTLS

By Staff -- Modern Materials Handling, 1/1/2007

Real-time location systems (RTLS) that use RFID tags to track valuable assets are growing in popularity. Sales of RTLS and related RFID applications are expected to grow more than 40% annually through 2010, according to analysts at Venture Development Corp>

The government, health care and transportation sectors will continue to be the main markets for RTLS, the analysts say. Several factors are creating strong demand for the technology:

• Reduction in cost and size of tags and systems
• Availability of open standards
• New product developments
• Stronger demand for tracking and monitoring driven by the need for increased security, cost savings and customer satisfaction