IoT Based Asset Tracking and Monitoring Market Growth, Size, Trends, Share and Future Outlook
IoT Based Asset Tracking and Monitoring Market Size- By Monitoring Type, By Connectivity Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: May-2024 | Report ID: IACT2491 | Pages: 1 - 231 | Formats*: |
| Category : Information & Communications Technology | |||
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:
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| By End Use: |
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| By Application: |
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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 report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global IoT Based Asset Tracking and Monitoring Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global IoT Based Asset Tracking and Monitoring Market Manufacturing Base Distribution, Sales Area, Product Type6.2. 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, 2020-20267.2. Global IoT Based Asset Tracking and Monitoring Market Size, Share and Forecast, By Monitoring Type, 2027-20337.3. Indoor7.4. 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, 2020-20268.2. Global IoT Based Asset Tracking and Monitoring Market Size, Share and Forecast, By Connectivity Type, 2027-20338.3. Wi-Fi8.4. Bluetooth8.5. Cellular8.6. NB-IoT8.7. LoRa8.8. SigFox8.9. UWB8.10. GNSS8.11. 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, 2020-20269.2. Global IoT Based Asset Tracking and Monitoring Market Size, Share and Forecast, By Application, 2027-20339.3. Livestock Monitoring9.4. Automotive9.5. Railways9.6. Aviation9.7. Manufacturing9.8. Cold Chain Monitoring9.9. 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-Pacific11.3.1. Australia11.3.2. China11.3.3. India11.3.4. Japan11.3.5. South Korea11.3.6. Rest of Asia-Pacific11.4. Europe11.4.1. France11.4.2. Germany11.4.3. Italy11.4.4. Spain11.4.5. United Kingdom11.4.6. Rest of Europe11.5. Middle East and Africa11.5.1. Kingdom of Saudi Arabia11.5.2. United Arab Emirates11.5.3. Qatar11.5.4. South Africa11.5.5. Egypt11.5.6. Morocco11.5.7. Nigeria11.5.8. Rest of Middle-East and Africa11.6. North America11.6.1. Canada11.6.2. Mexico11.6.3. United States11.7. Latin America11.7.1. Argentina11.7.2. Brazil11.7.3. Rest of Latin America
12. Company Profile
12.1. ANALOG DEVICES, INC.12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. FIBOCOM WIRELESS INC.12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. GOSUNCNWELINK CORPORATION12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. LAIRD CONNECTIVITY12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. MEDIATEK INC.12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. NORDIC SEMICONDUCTOR12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. SEMTECH12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. SIERRA WIRELESS12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. U-BLOX12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. THALES12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments12.11. 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.
Frequently Asked Questions About This Report
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.
IoT Based Asset Tracking and Monitoring Market is projected to reach USD 15.09 billion by 2033, growing at a CAGR of 12.73% during the forecast period.
IoT Based Asset Tracking and Monitoring Market size from 2022. The Market is expected to reach USD 15.09 billion by 2033, at a CAGR of 12.73% during the forecast period.
IoT Based Asset Tracking and Monitoring Market CAGR of 12.73% during the forecast period.
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IoT Based Asset Tracking and Monitoring Market size is 15.09 billion from 2024 to 2033.
IoT Based Asset Tracking and Monitoring Market Segment is covered By Monitoring Type, By Connectivity Type, By Application.
The North America anticipated to have the highest market share in the IoT Based Asset Tracking and Monitoring Market .
The key players in the market include Companies Covered Analogue Devices, Inc, Fibocom Wireless Inc, Gosuncnwelink Corporation, Laird Connectivity, Mediatek Inc, Nordic Semiconductor, Semtech, Sierra Wireless, U-Blox, Thales..
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