Industry 4.0 is considered the next chapter in the evolution of smart manufacturing. Powered by the Internet of Things (IoT), technologies are now enabled to provide real-time connectivity with control and insight across all aspects of an organization. This “fourth industrial revolution” is creating highly advanced production environments that are self-organizing with the help of sensors and intelligently connected devices.
Essential to realizing this capability are real-time location systems (RTLSs). According to MarketsandMarkets, the market for real-time locating systems (RTLS) is expected to grow at a CAGR of 24.8% between 2020 and 2025, from USD 3.4 billion to USD 10.3 billion.
Geoplan, a global provider of Ultra-Wideband (UWB) positioning networks and services for tracking vehicles, people and indoor assets, is leading the way in applying RTLS technology to help organizations migrate to Industry 4.0. The company's tracking systems are in use by some of the world's leading manufacturers such as Samsung Electronics, Hyundai Motors and others.