"A market of over $10 billion yearly will emerge for these technologies and services as they merge"
The term Indoor Positioning Systems (IPS) primarily concerns location-based services on mobile phones where GPS does not work. The term Real Time Locating Systems (RTLS) primarily concerns locating people and things at a distance, securely, using second generation RFID. The subjects are converging with Apple, Samsung, Google, Nokia, Microsoft, Hewlett Packard and IBM clashing for the tens of billions of dollars of business that is emerging. The first $0.5 billion order has been landed. This subject heavily involves short range communications notably WiFi and Bluetooth and inertial navigation and advanced RFID as it progresses to determining 3D position including orientation and line of travel.
Emergency services, healthcare, retailing, manufacturing, logistics and many other industries will be transformed by what is becoming possible.
The winners in making and operating mobile phones will offer the most compelling new functionality, IPS being a major enabler. The winners in making, integrating and operating RTLS will reduce cost and improve usefulness, not least to encompass mobile phones and other mobile computing. The world's largest companies are locking horns on this.
The topics of IPS and RTLS embrace a value chain from research and consultancy to software, services, hardware, integration and facilities management. Mobile phone app developers and value added enhancements plus ecosystems of mobile phones, web services and more are also involved.
Forecast of global RTLS market by value in $US millions*
*For the full forecast data please purchase this report
Most of the development and use is in the USA but with other territories racing to catch up. For example, the new Indoor Location Alliance came from Europe but has global players and companies, such as Samsung in East Asia, and is taking an exceptionally broad view from new phone design to RTLS in smart cities. Siemens in Europe and several Japanese and US companies seamlessly integrate GPS outdoor navigation and services with IPS and RTLS.
This report consists entirely of evidence-based analysis following seven years of conferences, masterclasses and reports on the subject produced by the PhD level IDTechEx analysts and team.
The main features of the report, which is continuously updated, are the following:
Browse more LBS Market Research Reports