PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1524324
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1524324
IoT-based Asset Tracking and Monitoring Market - By Connectivity Type (Wi-Fi, Bluetooth, Cellular, NB-IoT, LoRaWAN, SigFox, GNSS, Ultra-wideband (UWB)), By Application & Forecast, 2024 - 2032
Global IoT-based Asset Tracking and Monitoring Market size will record over 12.5% CAGR between 2024 and 2032, driven by the rapid adoption of IoT technologies and advancements in connectivity solutions, such as LTE-M, NB-IoT, and 5G. These innovations are enabling real-time data transmission for enhancing operational efficiency, asset visibility, and predictive maintenance capabilities across industries.
By leveraging IoT devices and robust connectivity, organizations can optimize resource utilization, reduce downtime, and meet the regulatory compliance requirements more effectively. This convergence of technology will drive substantial market growth. For instance, in June 2024, Digital Matter launched Device Manager, an advanced IoT asset tracking device management platform for showcasing its commitment to enhancing management solutions for a diverse hardware portfolio with improved robustness and user-friendliness.
The IoT-based asset tracking and monitoring industry is segmented on the basis of connectivity type, application, and region.
By connectivity type, the cellular segment will witness lucrative growth by 2032 due to widespread coverage, reliability, and scalability to cater effectively to remote and mobile asset monitoring needs. Cellular IoT solutions offer real-time data transmission capabilities crucial for tracking assets across diverse environments. With advancements in LTE-M and NB-IoT technologies, cellular networks are also providing robust connectivity options to enable seamless integration into existing infrastructure for facilitating efficient asset management and operational insights for industries ranging from logistics to utilities.
Based on application, the IoT-based asset tracking and monitoring industry from the manufacturing segment will accumulate notable gains through 2032. This is owing to the increasing adoption of IoT technologies to enhance operational efficiency, reduce downtime, and optimize asset utilization. By leveraging real-time data insights provided by IoT sensors and devices, manufacturers are achieving greater visibility and control over their assets across the supply chain. This strategic integration is improving productivity and facilitating predictive maintenance for ensuring seamless operations and cost savings in the competitive manufacturing.
North America IoT-based asset tracking and monitoring market share will achieve a noteworthy CAGR from 2024 to 2032, fueled by extensive adoption of advanced IoT technologies across industries, such as transportation, healthcare, and manufacturing. Favorable regulatory frameworks have led to significant investments in infrastructure. Moreover, the presence of key market players and the robust technological ecosystem are further enhancing North Americas dominance as a major contributor to the evolving outlook of asset tracking and monitoring solutions.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2018 - 2032
- 2.2 Business trends
- 2.2.1 Total addressable market (TAM), 2024-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Vendor matrix
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Increasing adoption of connected devices and sensors
- 3.8.1.2 Rise of smart cities and infrastructure
- 3.8.1.3 Growing demand in warehousing and logistics
- 3.8.1.4 Expansion of wireless connectivity
- 3.8.1.5 Demand for real-time data monitoring
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High initial investment costs
- 3.8.2.2 Data privacy and security concerns
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Connectivity Type, 2018-2032 (USD Million)
- 5.1 Key trends
- 5.2 Wi-Fi
- 5.3 Bluetooth
- 5.4 Cellular
- 5.5 NB-IoT
- 5.6 LoRaWAN
- 5.7 SigFox
- 5.8 GNSS
- 5.9 Ultra-wideband (UWB)
- 5.10 Others
Chapter 6 Market Estimates & Forecast, By Application, 2018-2032 (USD Million)
- 6.1 Key trends
- 6.2 Livestock monitoring
- 6.3 Transportation & logistics
- 6.4 Manufacturing
- 6.5 Cold chain monitoring
- 6.6 Others
Chapter 7 Market Estimates & Forecast, By Region, 2018-2032 (USD Million)
- 7.1 Key trends
- 7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
- 7.3 Europe
- 7.3.1 UK
- 7.3.2 Germany
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 India
- 7.4.3 Japan
- 7.4.4 South Korea
- 7.4.5 ANZ
- 7.4.6 Rest of Asia Pacific
- 7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Rest of Latin America
- 7.6 MEA
- 7.6.1 UAE
- 7.6.2 South Africa
- 7.6.3 Saudi Arabia
- 7.6.4 Rest of MEA
Chapter 8 Company Profiles
- 8.1 Azuga Inc.
- 8.2 DIGITAL MATTER (PTY) LTD
- 8.3 Ezurio
- 8.4 Fibocom Wireless Inc.
- 8.5 Fleet Complete
- 8.6 GEOTRAQ INC.
- 8.7 GosuncnWelink Corporation
- 8.8 Nordic Semiconductor ASA
- 8.9 Particle Industries, Inc.
- 8.10 Queclink Wireless Solutions Co., Ltd.
- 8.11 Quectel Wireless Solutions Co., Ltd
- 8.12 Samsara Inc.
- 8.13 Semtech Corporation
- 8.14 Shenzhen Jimi IoT Co., Ltd.
- 8.15 TEKTELIC Communications Inc.
- 8.16 Telit Cinterion group
- 8.17 Trackimo Inc.
- 8.18 u-blox AG
