IoT Based Asset Tracking and Monitoring Market Introduction and Overview
According to SPER Market Research, the Global IoT Based Asset Tracking and Monitoring Market is estimated to reach USD 15.09 billion by 2033 with a CAGR of 12.73%.
The report includes an in-depth analysis of the Global IoT Based Asset Tracking and Monitoring Market, including market size and trends, product mix, applications, and supplier analysis. The term "Internet of Things" (IoT)-based asset tracking and monitoring refers to the real-time tracking and monitoring of physical assets such as goods, machinery, and vehicles using IoT devices and technologies. IoT devices such as RFID tags, GPS trackers, and sensors are used to collect data on the assets, which is subsequently transferred to a cloud platform or centralised system. Details regarding the item's location, use, and condition might be found in the data. The data from these devices can be analysed to optimise asset utilisation, reduce maintenance costs, and improve operational efficacy.
- September 2023; The SARA-S520M10L, a cellular and satellite loT module with excellent connection and precise, low-power location, was released by u-blox. Applications for smart agriculture, mining, fleet management, asset tracking, utilities, and marine transportation are its primary uses.
- December 2023; The 5G Sub-6GHz, Wi-Fi 6E, and Bluetooth smart module SG520B series was launched by Quectel Wireless Solutions Co., Ltd. The company developed this module series in response to the increasing demand for smart modules that can facilitate more than just connectivity during operation.
Market Opportunities and Challenges
As more things are connected through the internet, data is being transmitted and shared between the digital and physical worlds, driving up market growth. The availability of Internet of Things (IoT)-based asset tracking and management software enables connected devices to communicate automatically and send information to the appropriate place without requiring human intervention. Enhancing equipment efficiency and asset lifecycle management are made possible by the development and application of the internet of things in asset tracking and management. It is challenging to integrate loT devices with other systems and technologies since they use proprietary operating systems and device settings. The use of the same standardised data components by all loT devices and services is referred to as true IoT interoperability. All systems and devices that use the same data elements can be stored in one data repository, creating a single, consistent version of the data that is used by all departments. The implementation of loT in asset management is being hampered by this compatibility problem.
Market Competitive Landscape
In order to understand key market players' positions and future strategies, the study looks into them. A market share analysis of the IoT-based asset tracking and monitoring market is shown in the competitive outlook. Analogue Devices, Inc, Fibocom Wireless Inc, Gosuncnwelink Corporation, Laird Connectivity, Mediatek Inc, Nordic Semiconductor, Semtech, Sierra Wireless, U-Blox, Thales, and Others are some of the market's major players.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Monitoring Type, By Connectivity Type, By Application
|
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
|
| Companies Covered | Analogue Devices, Inc, Fibocom Wireless Inc, Gosuncnwelink Corporation, Laird Connectivity, Mediatek Inc, Nordic Semiconductor, Semtech, Sierra Wireless, U-Blox, Thales. |
COVID-19 Impact on Global IoT Based Asset Tracking and Monitoring Market
The market for IoT-based asset tracking and monitoring has grown less favourable as a result of the COVID-19 pandemic. With operations now suspended, there was less of a need for government and commercial facilities to make sure their assets were managed properly. Furthermore, due to the supply chain disruption, there was a decrease in demand for IoT-based asset tracking and monitoring systems. Owing to the global lockdown and strict regulations imposed to contain the fatal sickness, there was a shortage of parts and components that are extensively employed in the construction of such systems.
Key Target Audience:
- Manufacturing Sector
- Logistics and Transportation Sector
- Retail Sector
- Construction Sector
- Others
Our in-depth analysis of the IoT Based Asset Tracking and Monitoring Market includes the following segments:
|
By Product Type: |
Fully Automatic
Semi-Automatic
|
|
By End Use: |
Wi-Fi
Bluetooth
Cellular
NB-IoT
LoRa
SigFox
UWB
GNSS
|
|
By Application: |
Livestock Monitoring
Automotive
Railways
Aviation
Manufacturing
Cold Chain Monitoring
Others
|
Key Topics Covered in the Report:
- Global IoT Based Asset Tracking and Monitoring Market Size (FY’2024-FY’2033)
- Overview of Global IoT Based Asset Tracking and Monitoring Market
- Segmentation of Global IoT Based Asset Tracking and Monitoring Market By Monitoring Type (Indoor, Outdoor)
- Segmentation of Global IoT Based Asset Tracking and Monitoring Market By Connectivity Type (Wi-Fi, Bluetooth, Cellular, NB-IoT, LoRa, SigFox, UWB, GNSS, Others)
- Segmentation of Global IoT Based Asset Tracking and Monitoring Market By Application (Livestock Monitoring, Automotive, Railways, Aviation, Manufacturing, Cold Chain Monitoring, Others)
- Statistical Snap of Global IoT Based Asset Tracking and Monitoring Market
- Expansion Analysis of Global IoT Based Asset Tracking and Monitoring Market
- Problems and Obstacles in Global IoT Based Asset Tracking and Monitoring Market
- Competitive Landscape in the Global IoT Based Asset Tracking and Monitoring Market
- Impact of COVID-19 and Demonetization on Global IoT Based Asset Tracking and Monitoring Market
- Details on Current Investment in Global IoT Based Asset Tracking and Monitoring Market
- Competitive Analysis of Global IoT Based Asset Tracking and Monitoring Market
- Prominent Players in the Global IoT Based Asset Tracking and Monitoring Market
- SWOT Analysis of Global IoT Based Asset Tracking and Monitoring Market
- Global IoT Based Asset Tracking and Monitoring Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global IoT Based Asset Tracking and Monitoring Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global IoT Based Asset Tracking and Monitoring Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global IoT Based Asset Tracking and Monitoring Market
7. Global IoT Based Asset Tracking and Monitoring Market, By Monitoring Type (USD Million) 2020-2033
7.1. Global IoT Based Asset Tracking and Monitoring Market Size, Share and Forecast, By Monitoring Type, 2020-2026
7.2. Global IoT Based Asset Tracking and Monitoring Market Size, Share and Forecast, By Monitoring Type, 2027-2033
7.3. Indoor
7.4. Outdoor
8. Global IoT Based Asset Tracking and Monitoring Market, By Connectivity Type (USD Million) 2020-2033
8.1. Global IoT Based Asset Tracking and Monitoring Market Size, Share and Forecast, By Connectivity Type, 2020-2026
8.2. Global IoT Based Asset Tracking and Monitoring Market Size, Share and Forecast, By Connectivity Type, 2027-2033
8.3. Wi-Fi
8.4. Bluetooth
8.5. Cellular
8.6. NB-IoT
8.7. LoRa
8.8. SigFox
8.9. UWB
8.10. GNSS
8.11. Others
9. Global IoT Based Asset Tracking and Monitoring Market, By Application (USD Million) 2020-2033
9.1. Global IoT Based Asset Tracking and Monitoring Market Size, Share and Forecast, By Application, 2020-2026
9.2. Global IoT Based Asset Tracking and Monitoring Market Size, Share and Forecast, By Application, 2027-2033
9.3. Livestock Monitoring
9.4. Automotive
9.5. Railways
9.6. Aviation
9.7. Manufacturing
9.8. Cold Chain Monitoring
9.9. Others
10. Global IoT Based Asset Tracking and Monitoring Market Forecast, 2020-2033 (USD Million)
10.1. Global IoT Based Asset Tracking and Monitoring Market Size and Market Share
11. Global IoT Based Asset Tracking and Monitoring Market, By Region, 2020-2033 (USD Million)
11.1. Global IoT Based Asset Tracking and Monitoring Market Size and Market Share By Region (2020-2026)
11.2. Global IoT Based Asset Tracking and Monitoring Market Size and Market Share By Region (2027-2033)
11.3. Asia-Pacific
11.3.1. Australia
11.3.2. China
11.3.3. India
11.3.4. Japan
11.3.5. South Korea
11.3.6. Rest of Asia-Pacific
11.4. Europe
11.4.1. France
11.4.2. Germany
11.4.3. Italy
11.4.4. Spain
11.4.5. United Kingdom
11.4.6. Rest of Europe
11.5. Middle East and Africa
11.5.1. Kingdom of Saudi Arabia
11.5.2. United Arab Emirates
11.5.3. Qatar
11.5.4. South Africa
11.5.5. Egypt
11.5.6. Morocco
11.5.7. Nigeria
11.5.8. Rest of Middle-East and Africa
11.6. North America
11.6.1. Canada
11.6.2. Mexico
11.6.3. United States
11.7. Latin America
11.7.1. Argentina
11.7.2. Brazil
11.7.3. Rest of Latin America
12. Company Profile
12.1. ANALOG DEVICES, INC.
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. FIBOCOM WIRELESS INC.
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. GOSUNCNWELINK CORPORATION
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. LAIRD CONNECTIVITY
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. MEDIATEK INC.
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. NORDIC SEMICONDUCTOR
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. SEMTECH
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. SIERRA WIRELESS
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. U-BLOX
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. THALES
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. OTHERS
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
