IoT based Asset Tracking and Monitoring Market Size, Share and Industry Growth Analysis Report by Connectivity(Wi-Fi, Bluetooth, Cellular, NB-IoT, LoRa, SigFox, UWB, GNSS), Application(Automotive, Manufacturing, & Cold Chain Monitoring), Region(North America, Europe, APAC, RoW) - Global Growth Driver and Industry Forecast to 2027
Updated on : May 30, 2023
Global IoT based asset tracking and monitoring market in terms of revenue was estimated to be worth USD 3.9 billion in 2022 and is poised to reach USD 6.6 billion by 2027, growing at a CAGR of 11.3% from 2022 to 2027. The new research study consists of an industry trend analysis of the market.
The key factors fueling the growth of the market include increasing demand for real-time information of assets. Every industry has valuable assets; monitoring their performance, providing them safety, and checking their availability is crucial for every business. IoT-based asset tracking and monitoring technologies and solutions are adaptable. They share real-time information about the asset’s location and health and reduce the consumption of time associated with manual tracking tasks.
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Impact of COVID -19 on the Market:
Semiconductors are essential components of electronic devices found in everything from toys, cars, and factory machinery to consumer electronics and mobile phones. The global chip shortage in 2020–2021 has adversely affected more than 169 industries. The cause of the global chip crisis is a combination of different events, with the adverse effects of COVID-19 being the primary reason. Other causes of this shortage include the US–China trade war, the 2021 Taiwan manufacturing drought, and the Russia–Ukraine war. Lockdown during the COVID-19 period was the main cause of the global shortage. Due to these global lockdowns, chip production facilities were shut down in China, leading to the depletion of inventories. With more people studying and working from home during the pandemic, the demand for computers, monitors, network peripherals, and home entertainment internet services rose significantly, adding a tremendous burden on the semiconductor supply chain. This has created a huge gap between the supply and demand for semiconductor chips worldwide.
IoT asset tracking module manufacturers faced this issue, resulting in a sizable decline in revenue generation. For instance, Sierra Wireless witnessed a decline of about 37% in its revenue in FY2020 as compared to FY2019. Similarly, Telit, u-blox, and Thales witnessed a drop of 12%, 13%, and 8%, respectively. Hence, due to all these factors, the IoT based asset tracking and monitoring market witnessed a price surge and a notable delay in lead times. This was a challenging factor for the market players.
IoT based Asset Tracking and Monitoring Market Dynamics
Driver: Rising adoption of cost-effective and intelligent connected devices and sensors
With the rising adoption of connected devices, IoT is generating substantial volumes of data; hence, data flow applications are increasing in many verticals, such as agriculture, cold chain monitoring, manufacturing, aviation, and automotive. Therefore, it is now possible to produce in large masses and accelerate product deliveries as infrastructure costs are reduced. Companies are leveraging IoT and analytics to run and improve businesses and stay competitive in the market. According to a recent study, about 35% of manufacturers in the US collect and use data generated from smart IoT modules to enhance manufacturing processes, livestock feed monitoring, fleet management, and other similar activities.
IoT, where data, processes, and things connect, has become a prevalent concept. According to Cisco, globally, the number of machine-to-machine (M2M) connections is expected to grow 2.4 times within five years (2018–2023). M2M connections include connections in a manufacturing facility, delivery vehicle, and warehouse asset tracking systems. According to the Ericsson Mobility Report, global IoT machine connections are expected to increase 2.3 times from 2020 to 2026, with half of the share held by short-range IoT connections. In addition to the abovementioned factors, the rising number of internet users, growing 5G technology adoption, and increasing IoT and M2M connections are significantly fueling the demand for IoT-based asset tracking solutions.
Restraint: Requirement for high initial capital spending
Most of the equipment in today’s facilities are not built to be IoT-ready. While certain machines can be quickly modified for IoT, retrofitting some can be capital-intensive. The cost associated with implementing IoT solutions in many applications is high. The cost is associated with hardware procurement and application development, as well as an additional life cycle cost. The application development process is capital-intensive and differs from country to country.
Additionally, apart from key components (hardware and software), connectivity, cloud storage, administrative tasks, and skilled labor require a considerable investment. Refurbishing existing devices to make them IoT-ready is also a capital-intensive activity for organizations. These factors are expected to restrain small- or medium-sized organizations from adopting IoT in their facilities for asset tracking and monitoring.
Opportunity: Rising adoption of data analytics and 5G technologies in automotive sector
The emergence of automation has changed the working of the automotive sector inside-out and made the IoT popular. For instance, automobile manufacturers are utilizing IoT in advanced planning and scheduling to capture real-time production and inventory data and minimize waste and cycle time. They are also using IoT-based analytics in multiple applications, from optimizing inventory in hand to adopting replenishment strategies in production lines for quality testing using optical-based analytics.
Asset management standards serve organizations in the automotive industry in various ways, one of which is lowering acquisition costs. Due to preventative maintenance programs and asset life cycle management, businesses are less likely to replace and purchase new equipment. The capacity to track automotive assets in real-time is one of the benefits of having an asset management strategy in place. Asset tags in the form of barcodes, QR codes, GPS trackers, and wireless beacons are all examples of common asset tracking tools.
Thus, the substantial vehicle production volume is expected to create notable opportunities for the IoT based asset tracking and monitoring market players in the automotive segment.
Challenge: Trade-off complications related to connectivity technologies
IoT-based asset tracking and monitoring market modules are based on various technologies such as Wi-Fi, Bluetooth, cellular, NB-IoT, LoRa, and SigFox. These solutions vary in terms of their range, power consumption, and accuracy.
However, the development of a single solution with all these benefits is a key challenge solution providers face. IoT-based asset tracking and monitoring modules comprise hardware and software for continuously tracking and delivering real-time location of assets and resources. Tags, readers, and sensors track and/or monitor assets, individuals, or valuable resources, with increased accuracy in the areas that fall under their network coverage. However, IoT-based asset tracking and monitoring modules face challenges owing to a complicated trade-off between accuracy, power consumption, and range. Narrowband-based tags are not used in some critical applications since they lack in terms of accuracy. Wideband-based tags provide accuracy but have a limited range. Some wideband-based tags are large and have high power consumption. For instance, the channel environment also poses a challenge to IoT-based asset tracking and monitoring modules based on UWB or NB-IoT. When the distance between transmitter and receivers increases, it results in degraded impulse response, limiting an IoT module’s performance and possible range.
Cellular is the most attractive segment, creating tremendous market scope for IoT-based asset tracking and monitoring solution providers
Various cellular technologies, notably the emergence of fifth-generation cellular connectivity (5G) and older generations of services, are used to track assets worldwide. From many kilometers away, cellular asset monitoring, such as placement utilizing 2G, can detect an object’s state, city, or even neighborhood. However, it is not particularly precise. As a result, cellular asset tracking is usually reserved for larger assets that are easy to locate, e.g., 18-wheelers and buses. The most apparent benefit of cellular asset monitoring is that it can typically be used from the point of origin to the point of delivery without the use of additional technology.
Real-time location tracking benefit of IoT-based asset tracking and monitoring market for better planning to fuel demand
A good asset tracking and monitoring plan supports organizational objectives while maximizing industrial performance and reducing expenses. As opposed to other business arenas, the manufacturing industry players are widely adopting IoT-enabled asset tracking and monitoring systems. IoT-enabled asset management helps manufacturing businesses track, organize, and locate every piece of equipment. All these tasks take a lot of time and effort to complete manually. Most industries employ pricey handheld scanners for inventory control. These assets can now be tracked automatically using asset tracking solutions that are IoT enabled.
To manage on-floor equipment, companies are moving toward IoT-enabled asset tracking, which, in turn, is creating demand for highly reliable and faster connectivity modules such as 5G cellular. For instance, in March 2022, to have a competitive edge in the market, Fibocom Wireless Inc. launched the 5G smart module SC171, which is mainly designed for industrial applications such as smart manufacturing for asset tracking.
North America to contribute maximum in terms of value generation in the global IoT based Asset Tracking and Monitoring market
North America is estimated to lead the global IoT based asset tracking and monitoring market during the review period owing to a high inclination toward technologically advanced products. The region is a hub for technological innovations and an early adopter of new technologies. The large presence of major companies in the region, high demand for connected technologies, increased use of innovative devices, and rising deployment of connected technologies are expected to drive the growth of the North American IoT-based asset tracking & monitoring market during the review period.
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US is expected to hold the largest share of the IoT based asset tracking and monitoring industry in the North America market during the forecast period. The US is a key country with a substantial presence of leading companies in the 3PL (Third-party logistics), medical, automotive, and aviation verticals. Due to the COVID-19 pandemic, these companies are looking for ways to optimize their operating costs and increase profitability by using IoT solutions such as predictive maintenance, asset tracking, and automated control solutions. The stimulus provided by the state government in the form of CARES ACT will also be an impetus for the IoT-based asset tracking and monitoring market in the US as more companies will focus on increasing the productivity of well-planned asset tracking, monitoring, and predictive maintenance.
IoT based Asset Tracking and Monitoring Companies - Key Market Players
The IoT based Asset Tracking and Monitoring market players have implemented various types of organic as well as inorganic growth strategies, such as new product launches, and acquisitions to strengthen their offerings in the market. The top IoT based Asset Tracking and Monitoring companies in the market include Quectel (China), Sierra Wireless (Canada), Telit (U.K.), u-blox (Switzerland), Thales (France), Sony Semiconductor Israel Ltd. (Israel), Fibocom Wireless Inc. (China), Nordic Semiconductor (Norway), GosuncnWelink Corporation (China), Laird Connectivity (US), Semtech (US), Mediatek Inc. (Taiwan), Analog Devices, Inc. (US), Sequans (France), MeiG Smart Technology (China), Neoway Technology (China), Xiamen CHEERZING IoT Technology (China), HiSilicon Technologies (China), Skyworks Solutions, Inc. (US), Omnitracs (US), Hilti (US), Samsara (US), Azuga (US), and Sunsea AIoT Technology Co., Ltd (China).
IoT based Asset Tracking and Monitoring Market Report Scope:
|
Report Attributes |
Details |
|
Market Size Value in 2022 |
USD 3.9 Billion |
| Revenue Forecast in 2027 | USD 6.6 Billion |
| Growth Rate | 11.3% |
| Base Year Considered | 2021 |
| Historical Data Available for Years | 2018–2027 |
|
Forecast Period |
2022–2027 |
|
Segments Covered |
|
|
Region Covered |
|
| Market Leaders |
|
| Top Companies in North America |
|
| Key Market Driver | Rising adoption of cost-effective and intelligent connected devices and sensors |
| Key Market Opportunity | Rising adoption of data analytics and 5G technologies in automotive sector |
| Largest Growing Region | North America |
| Largest Market Share Segment | livestock monitoring Segment |
| Highest CAGR Segment | LoRa Segment |
| Largest Application Market Share | Automotive Application |
In this report, the overall IoT based asset tracking and monitoring market has been segmented based on connectivity type, application, and region.
IoT based Asset Tracking and Monitoring Market By Connectivity Type:
- Wi-Fi
- Bluetooth
- Cellular
- NB-IoT
- LoRa
- SigFox
- UWB
- GNSS
- Others
IoT based Asset Tracking and Monitoring Market By Application:
- Livestock Monitoring
- Automotive
- Railways
- Aviation
- Manufacturing
- Cold Chain Monitoring
- Others
IoT based Asset Tracking and Monitoring Market By Region:
-
North America
- US
- Canada
- Mexico
-
Europe
- UK
- Germany
- France
- Rest of Europe
-
APAC
- China
- Japan
- South Korea
- India
- Rest of Asia Pacific
-
Rest of the World
- Middle East and Africa
- South America
Recent Developments
- In April 2022, Semtech announced the addition of multi-band capabilities to the LoRa Edge device-to-Cloud geolocation platform. This will allow integration with applications such as supply chain management and logistics.
- In March 2022, Fibocom Wireless Inc. launched the 5G smart module SC171 specially designed for AIoT industry applications such as smart robots, automobile manufacturing, smart homes, and logistics.
- In February 2022, Laird Connectivity has launched a new series of Bluetooth modules for IoT connectivity. The series is ideal to be used as asset tags for industrial solutions.
- In December 2021, Laird Connectivity launched the Sentrius BT610 I/O Sensor. The sensor delivers full Bluetooth capabilities for a wide range of remote monitoring applications such as cold chain, HVAC monitoring, single/three-phase induction motor current sensing, or tank level monitoring, among others.
Frequently Asked Questions (FAQ):
Who are the top 5 players in the IoT based Asset Tracking and Monitoring market?
The major vendors operating in the industry market Quectel (China), Sierra Wireless (Canada), Telit (U.K.), u-blox (Switzerland), Thales (France).
What are their major strategies to strengthen their market presence?
The major strategies adopted by these players are product launches and developments.
Which major countries are considered in the European region?
The report includes an analysis of the UK, Germany, France, and the Rest of Europe.
Which major countries are considered in the APAC region?
The report includes an analysis of China, Japan, India, South Korea, and the Rest of Asia Pacific.
Does this report include the impact of COVID-19 on the IoT based Asset Tracking and Monitoring market?
Yes, the report includes the impact of COVID-19 on the IoT based Asset Tracking and Monitoring market. It illustrates the post- COVID-19 market scenario. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 33)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 IOT-BASED ASSET TRACKING AND MONITORING MARKET: SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
FIGURE 2 IOT-BASED ASSET TRACKING AND MONITORING MARKET: REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
FIGURE 3 IOT-BASED ASSET TRACKING AND MONITORING: FORECAST YEARS
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 37)
2.1 RESEARCH DATA
FIGURE 4 IOT-BASED ASSET TRACKING AND MONITORING MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
FIGURE 5 RESEARCH APPROACH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Breakdown of primaries
2.1.3.2 Key data from primary sources
2.1.3.3 Primary interviews
2.1.3.4 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for deriving market size by bottom-up analysis
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for deriving market size by top-down analysis
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE APPROACH—REVENUE GENERATED FROM IOT-BASED ASSET TRACKING AND MONITORING MARKET
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 9 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY (Page No. - 48)
3.1 GROWTH RATE ASSUMPTIONS/GROWTH FORECASTS
FIGURE 10 IOT-BASED ASSET TRACKING AND MONITORING MARKET, 2018–2027
FIGURE 11 MANUFACTURING SEGMENT TO HOLD LARGEST SHARE OF IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, FROM 2022 TO 2027
FIGURE 12 CELLULAR SEGMENT TO DOMINATE IOT-BASED ASSET TRACKING AND MONITORING MARKET, CONNECTIVITY TYPE, FROM 2022 TO 2027
FIGURE 13 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF IOT-BASED ASSET TRACKING AND MONITORING MARKET IN 2021
4 PREMIUM INSIGHTS (Page No. - 52)
4.1 NOTABLE GROWTH OPPORTUNITIES IN IOT-BASED ASSET TRACKING AND MONITORING MARKET
FIGURE 14 RISING INTERNET PENETRATION IN SEVERAL APPLICATION SEGMENTS TO FUEL MARKET GROWTH
4.2 IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE
FIGURE 15 CELLULAR SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2021
4.3 IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION
FIGURE 16 MANUFACTURING SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.4 NORTH AMERICA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION AND COUNTRY
FIGURE 17 MANUFACTURING SEGMENT AND US ACCOUNTED FOR LARGEST SHARES OF NORTH AMERICAN IOT-BASED ASSET TRACKING AND MONITORING MARKET IN 2021
4.5 IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION
FIGURE 18 CHINA ACCOUNTED FOR HIGHEST CAGR OF IOT-BASED ASSET TRACKING AND MONITORING MARKET IN 2021
5 MARKET OVERVIEW (Page No. - 55)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 19 IOT-BASED ASSET TRACKING AND MONITORING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
FIGURE 20 IOT-BASED ASSET TRACKING AND MONITORING MARKET: DRIVERS
5.2.1.1 Rising adoption of cost-effective and intelligent connected devices and sensors
FIGURE 21 GLOBAL MACHINE-TO-MACHINE CONNECTIONS FROM 2018 TO 2025 (BILLION UNITS)
FIGURE 22 GLOBAL IOT CONNECTIONS, 2020 & 2026 (BILLION UNITS)
5.2.1.2 Growing use of IoT-based asset trackers and monitors in manufacturing companies
FIGURE 23 KEY COMPONENTS OF IOT ON FACTORY FLOORS
5.2.1.3 Increased deployment of cloud computing platforms
5.2.1.4 Growing use of IoT technologies in factory automation attributed to rising safety compliance
5.2.2 RESTRAINTS
FIGURE 24 IOT-BASED ASSET TRACKING AND MONITORING MARKET: RESTRAINTS
5.2.2.1 Requirement for high initial capital spending
5.2.2.2 Security concerns related to IoT technologies
5.2.2.3 Lack of interoperability and standardization
5.2.3 OPPORTUNITIES
FIGURE 25 IOT-BASED ASSET TRACKING AND MONITORING MARKET: OPPORTUNITIES
5.2.3.1 Rising adoption of data analytics and 5G technologies in automotive sector
FIGURE 26 GLOBAL VEHICLE PRODUCTION, 2017–2021 (MILLION UNITS)
5.2.3.2 Supply chain optimization using IoT-based asset tracking and monitoring modules
5.2.3.3 High benefits associated with warehouse and logistics management
5.2.3.4 Data monetization attributed to AI and IoT convergence
5.2.4 CHALLENGES
FIGURE 27 IOT-BASED ASSET TRACKING AND MONITORING MARKET: CHALLENGES
5.2.4.1 Trade-off complications related to connectivity technologies
5.2.4.2 Decline in semiconductor manufacturing due to COVID-19
FIGURE 28 SEMICONDUCTOR CHIP AND DEVICE MANUFACTURING PRICE INDEX, 2017–2022
5.3 VALUE CHAIN ANALYSIS
FIGURE 29 VALUE CHAIN OF IOT-BASED ASSET TRACKING AND MONITORING MARKET, 2021
5.4 ECOSYSTEM ANALYSIS
FIGURE 30 IOT-BASED ASSET TRACKING AND MONITORING ECOSYSTEM ANALYSIS
TABLE 1 IOT-BASED ASSET TRACKING AND MONITORING ECOSYSTEM
5.5 REVENUE SHIFT AND NEW REVENUE POCKETS FOR IOT-BASED ASSET TRACKING AND MONITORING MARKET
FIGURE 31 REVENUE SHIFT FOR IOT-BASED ASSET TRACKING AND MONITORING MARKET PLAYERS
5.6 PORTER’S FIVE FORCES ANALYSIS
TABLE 2 IOT-BASED ASSET TRACKING AND MONITORING MARKET: PORTER’S FIVE FORCES ANALYSIS
5.7 KEY STAKEHOLDERS & BUYING CRITERIA
5.7.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 32 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY APPLICATION
TABLE 3 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY APPLICATION (%)
5.7.2 BUYING CRITERIA
FIGURE 33 KEY BUYING CRITERIA, BY APPLICATION
TABLE 4 KEY BUYING CRITERIA FOR APPLICATIONS
5.8 CASE STUDY ANALYSIS
5.8.1 USE CASE – TEROPTA AND TELIT
5.8.2 USE CASE – FIWAY AND TELIT
5.8.3 USE CASE – CAINTHUS
5.9 TECHNOLOGY ANALYSIS
5.9.1 COMPLEMENTARY TECHNOLOGY
5.9.1.1 Message queuing telemetry transport (MQTT)
5.9.2 ADJACENT TECHNOLOGY
5.9.2.1 5G
5.10 PRICING ANALYSIS
5.10.1 ASP BY KEY PLAYERS BY CONNECTIVITY TYPE
FIGURE 34 PRICE OF IOT-BASED ASSET TRACKING AND MONITORING MODULES, BY CONNECTIVITY TYPE
FIGURE 35 AVERAGE SELLING PRICE OF KEY PLAYERS, BY CONNECTIVITY TYPE
TABLE 5 AVERAGE SELLING PRICE OF KEY PLAYERS, BY CONNECTIVITY TYPE (USD)
5.11 PATENT ANALYSIS
FIGURE 36 PATENT ANALYSIS
TABLE 6 RELATED PATENTS
5.12 KEY CONFERENCES & EVENTS BETWEEN 2022 AND 2023
TABLE 7 IOT-BASED ASSET TRACKING AND MONITORING MARKET: DETAILED LIST OF CONFERENCES & EVENTS
5.13 TARIFF AND REGULATORY LANDSCAPE
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.2 REGULATORY LANDSCAPE
5.13.2.1 US regulations
5.13.2.1.1 California Consumer Privacy Act
5.13.2.1.2 Service Organization Control 2
5.13.2.1.3 Anti-Cybersquatting Consumer Protection Act
5.13.2.2 EU regulations
5.13.2.2.1 General Data Protection Regulation
5.13.3 STANDARDS
5.13.3.1 CEN/ISO
5.13.3.2 ISO/IEC JTC 1
5.13.3.2.1 ISO/IEC JTC 1/SWG 5
5.13.3.2.2 ISO/IEC JTC 1/SC 31
5.13.3.2.3 ISO/IEC JTC 1/SC 27
5.13.3.2.4 ISO/IEC JTC 1/WG 7 sensors
5.13.3.3 ETSI
5.13.3.4 IEEE
5.13.4 TARIFF
TABLE 12 TARIFF FOR ELECTRONIC INTEGRATED CIRCUITS AS PROCESSORS AND CONTROLLERS EXPORTED BY US, 2020
TABLE 13 TARIFF FOR ELECTRONIC INTEGRATED CIRCUITS AS PROCESSORS AND CONTROLLERS EXPORTED BY CHINA, 2020
TABLE 14 TARIFF FOR ELECTRONIC INTEGRATED CIRCUITS AS PROCESSORS AND CONTROLLERS EXPORTED BY GERMANY, 2020
5.14 TRADE ANALYSIS
TABLE 15 EXPORT DATA FOR HS CODE 851769 FOR TOP COUNTRIES, 2017–2021 (THOUSAND USD)
FIGURE 37 EXPORT DATA FOR HS CODE 851769 FOR TOP COUNTRIES, 2017–2021 (THOUSAND UNITS)
TABLE 16 IMPORT DATA FOR HS CODE 851769 FOR TOP COUNTRIES, 2017–2021 (THOUSAND USD)
FIGURE 38 IMPORT DATA FOR HS CODE 851769 FOR TOP COUNTRIES, 2017–2021 (THOUSAND UNITS)
6 IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE (Page No. - 88)
6.1 INTRODUCTION
FIGURE 39 LORA SEGMENT TO GROW AT HIGHEST CAGR FROM 2022 TO 2027
TABLE 17 IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2018–2021 (USD MILLION)
TABLE 18 IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2022–2027 (USD MILLION)
6.2 WI-FI
6.2.1 INCREASING USE OF WI-FI TECHNOLOGY FOR INDOOR IOT-BASED ASSET TRACKING TO DRIVE MARKET GROWTH
6.2.2 USE CASE: TRACKING HIGH-VALUE EQUIPMENT IN MEDICAL FACILITY
6.2.3 USE CASE: SUPPLY CHAIN MONITORING FOR BETTER ASSET VISIBILITY
TABLE 19 WI-FI: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 20 WI-FI: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2022–2027 (USD MILLION)
6.3 BLUETOOTH
6.3.1 RISING PREFERENCE FOR BLUETOOTH ASSET TRACKING IN SHORT-RANGE CONNECTIVITY TO FUEL MARKET GROWTH
6.3.2 INCREASING INTEGRATION OF BLUETOOTH WITH IOT APPLICATIONS TO CONTRIBUTE TO MARKET GROWTH
6.3.3 USE CASE: ASSET TRACKING ON MANUFACTURING FLOORS THROUGH BLUETOOTH TECHNOLOGY
TABLE 21 BLUETOOTH: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 22 BLUETOOTH: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2022–2027 (USD MILLION)
6.4 CELLULAR
6.4.1 EMERGENCE OF 5G TO CREATE GROWTH OPPORTUNITIES FOR CELLULAR CONNECTIVITY SEGMENT IN COMING YEARS
6.4.2 USE CASE: ASSET TRACKING AND MONITORING ACROSS OIL DRILLING SITES
6.4.3 USE CASE: SUPPLY CHAIN MANAGEMENT WITH CELLULAR TECHNOLOGIES
TABLE 23 CELLULAR: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 24 CELLULAR: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2022–2027 (USD MILLION)
6.5 NB-IOT
6.5.1 LOW POWER CONSUMPTION AND HIGH COVERAGE FEATURES OF NB-IOT TO INCREASE ADOPTION IN IOT-BASED ASSET TRACKING AND MONITORING
6.5.2 USE CASE: NB-IOT MODULES IN LIVESTOCK MONITORING
TABLE 25 NB-IOT: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 26 NB-IOT: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2022–2027 (USD MILLION)
6.6 LORA
6.6.1 CAPABILITY OF HANDLING HIGH DEVICE DENSITY AT FACILITIES TO FUEL ADOPTION OF LORA
6.6.2 USE CASE: LORAWAN FOR LONG-RANGE PENETRATION
6.6.3 USE CASE: OPTIMIZING LIVESTOCK FARMING AND PROFITABILITY
TABLE 27 LORA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 28 LORA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2022–2027 (USD MILLION)
6.7 SIGFOX
6.7.1 INCREASING NEED TO CONNECT DEVICES ACROSS CITIES TO FUEL DEMAND FOR SIGFOX
6.7.2 USE CASE: AIR ASIA STREAMLINED GROUND SUPPORT EQUIPMENT WITH SIGFOX TECH
6.7.3 USE CASE: COST-CUTTING BY 75% WITH ADOPTION OF SIGFOX’S IOT SOLUTIONS IN LOGISTICS
TABLE 29 SIGFOX: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 30 SIGFOX: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2022–2027 (USD MILLION)
6.8 ULTRA-WIDEBAND (UWB)
6.8.1 HIGH USE OF UWB FOR SHORT-RANGE DATA TRANSMISSION TO DRIVE MARKET GROWTH
6.8.2 USE CASE: UWB IN HEALTHCARE FOR HIGH-PRECISION APPLICATIONS
TABLE 31 UWB: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 32 UWB: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2022–2027 (USD MILLION)
6.9 GNSS
6.9.1 RISING GNSS DEMAND FOR ASSET MANAGEMENT IN RETAIL SECTOR TO DRIVE MARKET GROWTH
6.9.2 USE CASE: EQUIPMENT AND FLEET TRACKING WITH GNSS
TABLE 33 GNSS: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 34 GNSS: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2022–2027 (USD MILLION)
6.10 OTHERS
TABLE 35 OTHERS: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 36 OTHERS: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2022–2027 (USD MILLION)
7 IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION (Page No. - 104)
7.1 INTRODUCTION
FIGURE 40 MANUFACTURING SEGMENT TO GROW AT HIGHEST CAGR FROM 2022 TO 2027
TABLE 37 IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 38 IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
7.2 LIVESTOCK MONITORING
7.2.1 RISING INCLINATION OF FARMERS AND RANCHERS TOWARD REAL-TIME MONITORING OF ANIMALS TO FUEL DEMAND FOR IOT-BASED ASSET TRACKERS
7.2.2 SHORTAGE OF LABOR AND INCREASING LABOR COSTS TO INCREASE ADOPTION OF IOT-BASED ASSET MONITORING MODULES
7.2.3 CASE STUDY: COLLABORATION OF DAIRYMASTER AND LERO FOR LIVESTOCK MONITORING PRODUCT DEVELOPMENT
7.2.4 CASE STUDY: COLLABORATION OF LATIUM GROUP AND GHANA BOARD OF ECONOMIC DEVELOPMENT
TABLE 39 LIVESTOCK MONITORING: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 40 LIVESTOCK MONITORING: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2022–2027 (USD MILLION)
7.3 AUTOMOTIVE
7.3.1 INCREASING VEHICLE FLEET AND DEPENDENCY OF MANY VERTICALS ON IOT TECHNOLOGIES FOR LOGISTICS TO PROLIFERATE DEMAND FOR IOT-BASED ASSET TRACKERS
7.3.2 HIGH REAL-TIME OVERALL EQUIPMENT EFFECTIVENESS (OEE) AND OVERALL PRODUCTION EFFECTIVENESS (OPE) TO BOOST SALES OF IOT-BASED MODULES FOR TRACKING
7.3.2.1 Case study: Volvo trucks adopted IBM’S IoT solutions
TABLE 41 AUTOMOTIVE: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 42 AUTOMOTIVE: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2022–2027 (USD MILLION)
7.4 RAILWAYS
7.4.1 WAGON AND ROLLING STOCK TRACKING AND MONITORING FEATURES OF IOT-BASED TRACKERS TO FUEL DEMAND
7.4.2 USE CASE: REAL-TIME MANAGEMENT OF LOCOMOTIVE ASSETS BY INOX LLC
TABLE 43 RAILWAYS: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 44 RAILWAYS: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2022–2027 (USD MILLION)
7.5 AVIATION
7.5.1 RISING NEED FOR BAGGAGE HANDLING SYSTEM AND GROUND SUPPORT EQUIPMENT TRACKING AND MONITORING TO FUEL MARKET GROWTH
7.5.2 EXCELLENT LUGGAGE MANAGEMENT BENEFIT OF IOT-BASED TRACKING SYSTEMS IN AIRPORTS TO DRIVE MARKET GROWTH
7.5.3 CASE STUDY: PARTNERSHIP OF SIGFOX WITH TRAVEL COMPANY AMADEUS
TABLE 45 AVIATION: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 46 AVIATION: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2022–2027 (USD MILLION)
7.6 MANUFACTURING
7.6.1 REAL-TIME LOCATION TRACKING BENEFIT OF IOT-BASED ASSET TRACKING AND MONITORING TO FUEL DEMAND
7.6.2 RISING PREFERENCE FOR IOT-BASED ASSET TRACKERS TO OPTIMIZE USAGE SPACE AND PROVIDE REAL-TIME VISIBILITY TO DRIVE MARKET GROWTH
7.6.3 USE CASE: REAL-TIME ASSET TRACKING IN MANUFACTURING SECTOR WITH BLUETOOTH
TABLE 47 MANUFACTURING: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 48 MANUFACTURING: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2022–2027 (USD MILLION)
7.7 COLD CHAIN MONITORING
7.7.1 RISING GOVERNMENT-LED MANDATES TO DEPLOY IOT SOLUTIONS FOR TEMPERATURE AND LOCATION MANAGEMENT TO FUEL MARKET GROWTH
7.7.2 CASE STUDY: SAMSARA DELIVERED IOT TRACKER SOLUTION TO COLD CHAIN DELIVERY TRUCKS
7.7.3 CASE STUDY: PHARMACEUTICAL COLD CHAIN MONITORING WITH IOT ASSET TRACKERS
TABLE 49 COLD CHAIN MONITORING: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 50 COLD CHAIN MONITORING: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2022–2027 (USD MILLION)
7.8 OTHERS
7.8.1 USE CASE: IOT-BASED CARGO CONTAINER TRACKING BY U-BLOX
7.8.2 USE CASE: IOT-BASED MEDICAL EQUIPMENT TRACKING BY SONITOR SENSE
TABLE 51 OTHERS: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 52 OTHERS: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2022–2027 (USD MILLION)
8 IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION (Page No. - 118)
8.1 INTRODUCTION
FIGURE 41 ASIA PACIFIC IOT-BASED ASSET TRACKING AND MONITORING MARKET TO REGISTER HIGHEST CAGR FROM 2022 TO 2027
TABLE 53 IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY VALUE (USD MILLION) AND VOLUME (MILLION UNITS), 2018–2021
TABLE 54 IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY VALUE (USD MILLION) AND VOLUME (MILLION UNITS), 2022–2027
TABLE 55 IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 56 IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2022–2027 (USD MILLION)
8.2 NORTH AMERICA
FIGURE 42 SNAPSHOT OF NORTH AMERICAN IOT-BASED ASSET TRACKING AND MONITORING MARKET
TABLE 57 NORTH AMERICA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 58 NORTH AMERICA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
FIGURE 43 NORTH AMERICA IOT-BASED ASSET TRACKING AND MONITORING MARKET SHARE, BY COUNTRY, 2022 & 2027
TABLE 59 NORTH AMERICA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2018–2021 (USD MILLION)
TABLE 60 NORTH AMERICA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2022–2027 (USD MILLION)
TABLE 61 NORTH AMERICA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 62 NORTH AMERICA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
8.2.1 US
8.2.1.1 Rising inclination of industries toward optimization of operational costs to fuel IoT adoption in US
8.2.1.2 Need for visualization and in-depth analysis for predictive maintenance to fuel adoption of IoT-based asset tracking systems in US
8.2.1.3 Rising demand for advanced medical equipment to create growth opportunities for market players in US
TABLE 63 US: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2018–2021 (USD MILLION)
TABLE 64 US: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2022–2027 (USD MILLION)
TABLE 65 US: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 66 US: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
8.2.2 CANADA
8.2.2.1 Rising investments in deployment of IoT technologies to drive Canadian market growth
8.2.2.2 Livestock and cold chain monitoring segments to witness substantial growth in Canada
TABLE 67 CANADA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2018–2021 (USD MILLION)
TABLE 68 CANADA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2022–2027 (USD MILLION)
TABLE 69 CANADA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 70 CANADA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
8.2.3 MEXICO
8.2.3.1 Increasing demand for IoT-based asset tracking and monitoring in automotive industry for fleet management to drive market growth
TABLE 71 MEXICO: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2018–2021 (USD MILLION)
TABLE 72 MEXICO: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2022–2027 (USD MILLION)
TABLE 73 MEXICO: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 74 MEXICO: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
8.3 EUROPE
FIGURE 44 SNAPSHOT OF EUROPEAN IOT-BASED ASSET TRACKING AND MONITORING MARKET
TABLE 75 EUROPE: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 76 EUROPE: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
FIGURE 45 EUROPE IOT-BASED ASSET TRACKING AND MONITORING MARKET SHARE, BY COUNTRY, 2022 & 2027
TABLE 77 EUROPE: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2018–2021 (USD MILLION)
TABLE 78 EUROPE: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2022–2027 (USD MILLION)
TABLE 79 EUROPE: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 80 EUROPE: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
8.3.1 UK
8.3.1.1 Increased demand for IoT-based asset tracking modules in automotive industry for fleet tracking to drive market growth
8.3.1.2 Increased automation in manufacturing sector with government support to boost adoption of IoT technologies
TABLE 81 UK: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2018–2021 (USD MILLION)
TABLE 82 UK: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2022–2027 (USD MILLION)
TABLE 83 UK: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 84 UK: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
8.3.2 GERMANY
8.3.2.1 Increasing deployment of LPWAN for logistics management to drive market growth in Germany
8.3.2.2 Case study: Private investments in IoT-based asset tracking and monitoring
TABLE 85 GERMANY: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2018–2021 (USD MILLION)
TABLE 86 GERMANY: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2022–2027 (USD MILLION)
TABLE 87 GERMANY: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 88 GERMANY: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
8.3.3 FRANCE
8.3.3.1 Growing adoption of advanced technologies in various industries to drive market growth in France
8.3.3.2 Case study: Implementation of IoT-based asset tracking and monitoring in ground support equipment (GSE)
TABLE 89 FRANCE: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2018–2021 (USD MILLION)
TABLE 90 FRANCE: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2022–2027 (USD MILLION)
TABLE 91 FRANCE: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 92 FRANCE: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
8.3.4 REST OF EUROPE
TABLE 93 REST OF EUROPE: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2018–2021 (USD MILLION)
TABLE 94 REST OF EUROPE: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2022–2027 (USD MILLION)
TABLE 95 REST OF EUROPE: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 96 REST OF EUROPE: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
8.4 ASIA PACIFIC
FIGURE 46 SNAPSHOT OF ASIA PACIFIC IOT-BASED ASSET TRACKING AND MONITORING MARKET
TABLE 97 ASIA PACIFIC: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 98 ASIA PACIFIC: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
FIGURE 47 ASIA PACIFIC IOT-BASED ASSET TRACKING AND MONITORING MARKET SHARE, BY COUNTRY, 2022 & 2027
TABLE 99 ASIA PACIFIC: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2018–2021 (USD MILLION)
TABLE 100 ASIA PACIFIC: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2022–2027 (USD MILLION)
TABLE 101 ASIA PACIFIC: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 102 ASIA PACIFIC: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
8.4.1 CHINA
8.4.1.1 Rapid deployment of 5G in China to boost market growth
8.4.1.2 Expanding automotive industry to drive market growth in China
TABLE 103 CHINA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2018–2021 (USD MILLION)
TABLE 104 CHINA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2022–2027 (USD MILLION)
TABLE 105 CHINA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 106 CHINA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
8.4.2 JAPAN
8.4.2.1 Rising investments in development of advanced technologies to drive market growth
8.4.2.2 Case study: Logistics tracking through low-power wide-area technology by AGC Group and Alps Alpine
8.4.2.3 Case study: Animal tracking with NB-IoT
TABLE 107 JAPAN: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2018–2021 (USD MILLION)
TABLE 108 JAPAN: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2022–2027 (USD MILLION)
TABLE 109 JAPAN: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 110 JAPAN: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
8.4.3 INDIA
8.4.3.1 Increasing public–private investments under Make in India initiative to drive market growth
8.4.3.2 Case study: Implementation of asset tracking in railway sector
TABLE 111 INDIA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2018–2021 (USD MILLION)
TABLE 112 INDIA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2022–2027 (USD MILLION)
TABLE 113 INDIA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 114 INDIA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
8.4.4 SOUTH KOREA
8.4.4.1 Advancements in cellular technologies to drive market growth
8.4.4.2 High demand for perishable goods to accelerate growth of cold chain monitoring segment
TABLE 115 SOUTH KOREA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2018–2021 (USD MILLION)
TABLE 116 SOUTH KOREA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2022–2027 (USD MILLION)
TABLE 117 SOUTH KOREA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 118 SOUTH KOREA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
8.4.5 REST OF ASIA PACIFIC
TABLE 119 REST OF ASIA PACIFIC: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2018–2021 (USD MILLION)
TABLE 120 REST OF ASIA PACIFIC: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2022–2027 (USD MILLION)
TABLE 121 REST OF ASIA PACIFIC: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 122 REST OF ASIA PACIFIC: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
8.5 ROW
TABLE 123 ROW: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 124 ROW IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY REGION, 2022–2027 (USD MILLION)
FIGURE 48 ROW IOT-BASED ASSET TRACKING AND MONITORING MARKET SHARE, BY REGION, 2022 & 2027
TABLE 125 ROW: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2018–2021 (USD MILLION)
TABLE 126 ROW: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2022–2027 (USD MILLION)
TABLE 127 ROW: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 128 ROW: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
8.5.1 SOUTH AMERICA
8.5.1.1 Government-led funding for IoT implementation in Brazil to drive market growth
8.5.1.2 Increasing adoption of wide-range connectivity technologies for asset tracking to drive market growth
TABLE 129 SOUTH AMERICA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2018–2021 (USD MILLION)
TABLE 130 SOUTH AMERICA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2022–2027 (USD MILLION)
TABLE 131 SOUTH AMERICA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 132 SOUTH AMERICA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
8.5.2 MIDDLE EAST & AFRICA
8.5.2.1 Rising need for asset tracking and management of construction equipment to fuel market growth
8.5.2.2 Smart city vision to fuel demand for IoT-based asset tracking for fleet management in automotive industry
TABLE 133 MIDDLE EAST & AFRICA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2018–2021 (USD MILLION)
TABLE 134 MIDDLE EAST & AFRICA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY CONNECTIVITY TYPE, 2022–2027 (USD MILLION)
TABLE 135 MIDDLE EAST & AFRICA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 136 MIDDLE EAST & AFRICA: IOT-BASED ASSET TRACKING AND MONITORING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
9 COMPETITIVE LANDSCAPE (Page No. - 173)
9.1 OVERVIEW
9.2 REVENUE ANALYSIS
FIGURE 49 THREE-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN IOT-BASED ASSET TRACKING AND MONITORING MARKET
9.3 MARKET SHARE ANALYSIS (2021)
TABLE 137 IOT-BASED ASSET TRACKING AND MONITORING MARKET: MARKET SHARE ANALYSIS
9.4 COMPANY EVALUATION QUADRANT, 2021
9.4.1 STARS
9.4.2 EMERGING LEADERS
9.4.3 PERVASIVE PLAYERS
9.4.4 PARTICIPANTS
FIGURE 50 IOT-BASED ASSET TRACKING AND MONITORING MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021
9.4.5 COMPETITIVE BENCHMARKING
TABLE 138 IOT-BASED ASSET TRACKING AND MONITORING MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 139 IOT-BASED ASSET TRACKING AND MONITORING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
9.5 SMALL AND MEDIUM ENTERPRISES (SMES) EVALUATION QUADRANT, 2021
9.5.1 PROGRESSIVE COMPANIES
9.5.2 RESPONSIVE COMPANIES
9.5.3 DYNAMIC COMPANIES
9.5.4 STARTING BLOCKS
FIGURE 51 IOT-BASED ASSET TRACKING AND MONITORING MARKET (GLOBAL), SME EVALUATION QUADRANT, 2021
TABLE 140 IOT-BASED ASSET TRACKING AND MONITORING MARKET: COMPANY FOOTPRINT
TABLE 141 IOT-BASED ASSET TRACKING AND MONITORING MARKET: CONNECTIVITY TYPE FOOTPRINT
TABLE 142 IOT-BASED ASSET TRACKING AND MONITORING MARKET: APPLICATION FOOTPRINT
TABLE 143 IOT-BASED ASSET TRACKING AND MONITORING MARKET: REGIONAL FOOTPRINT
9.6 COMPETITIVE SCENARIO AND TRENDS
9.6.1 PRODUCT LAUNCHES
TABLE 144 IOT-BASED ASSET TRACKING AND MONITORING MARKET: PRODUCT LAUNCHES, SEPTEMBER 2019–2022
9.6.2 DEALS
TABLE 145 IOT-BASED ASSET TRACKING AND MONITORING MARKET: DEALS
10 COMPANY PROFILES (Page No. - 191)
10.1 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, and MnM View)*
10.1.1 QUECTEL
TABLE 146 QUECTEL: BUSINESS OVERVIEW
FIGURE 52 QUECTEL: COMPANY SNAPSHOT
TABLE 147 QUECTEL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 148 QUECTEL: PRODUCT LAUNCHES
TABLE 149 QUECTEL: DEALS
10.1.2 THALES
TABLE 150 THALES: BUSINESS OVERVIEW
FIGURE 53 THALES: COMPANY SNAPSHOT
TABLE 151 THALES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 152 THALES: PRODUCT LAUNCHES
TABLE 153 THALES: DEALS
10.1.3 SIERRA WIRELESS
TABLE 154 SIERRA WIRELESS: BUSINESS OVERVIEW
FIGURE 54 SIERRA WIRELESS: COMPANY SNAPSHOT
TABLE 155 SIERRA WIRELESS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 156 SIERRA WIRELESS: PRODUCT LAUNCHES
TABLE 157 SIERRA WIRELESS: DEALS
10.1.4 TELIT
TABLE 158 TELIT: BUSINESS OVERVIEW
FIGURE 55 TELIT: COMPANY SNAPSHOT
TABLE 159 TELIT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 160 TELIT: PRODUCT LAUNCHES
TABLE 161 TELIT: DEALS
10.1.5 U-BLOX
TABLE 162 U-BLOX: BUSINESS OVERVIEW
FIGURE 56 U-BLOX: COMPANY SNAPSHOT
TABLE 163 U-BLOX: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 164 U-BLOX: PRODUCT LAUNCHES
TABLE 165 U-BLOX: DEALS
10.2 OTHER KEY PLAYERS
10.2.1 FIBOCOM WIRELESS INC.
TABLE 166 FIBOCOM WIRELESS INC.: BUSINESS OVERVIEW
FIGURE 57 FIBOCOM WIRELESS INC.: COMPANY SNAPSHOT
TABLE 167 FIBOCOM WIRELESS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 168 FIBOCOM WIRELESS INC.: PRODUCT LAUNCHES
TABLE 169 FIBOCOM WIRELESS INC.: DEALS
10.2.2 SONY SEMICONDUCTOR ISRAEL LTD.
TABLE 170 SONY SEMICONDUCTOR ISRAEL LTD.: BUSINESS OVERVIEW
TABLE 171 SONY SEMICONDUCTOR ISRAEL LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 172 SONY SEMICONDUCTOR ISRAEL LTD.: DEALS
10.2.3 NORDIC SEMICONDUCTOR
TABLE 173 NORDIC SEMICONDUCTOR: BUSINESS OVERVIEW
FIGURE 58 NORDIC SEMICONDUCTOR: COMPANY SNAPSHOT
TABLE 174 NORDIC SEMICONDUCTOR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 175 NORDIC SEMICONDUCTOR: PRODUCT LAUNCHES
TABLE 176 NORDIC SEMICONDUCTOR: DEALS
10.2.4 GOSUNCNWELINK CORPORATION
TABLE 177 GOSUNCNWELINK CORPORATION: BUSINESS OVERVIEW
TABLE 178 GOSUNCNWELINK CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 179 GOSUNCNWELINK CORPORATION: DEALS
10.2.5 LAIRD CONNECTIVITY
TABLE 180 LAIRD CONNECTIVITY: BUSINESS OVERVIEW
TABLE 181 LAIRD CONNECTIVITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 182 LAIRD CONNECTIVITY: PRODUCT LAUNCHES
TABLE 183 LAIRD CONNECTIVITY: DEALS
10.2.6 SEMTECH
TABLE 184 SEMTECH: BUSINESS OVERVIEW
FIGURE 59 SEMTECH: COMPANY SNAPSHOT
TABLE 185 SEMTECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 186 SEMTECH: PRODUCT LAUNCHES
TABLE 187 SEMTECH: DEALS
10.2.7 MEDIATEK INC.
TABLE 188 MEDIATEK INC.: BUSINESS OVERVIEW
FIGURE 60 MEDIATEK INC.: COMPANY SNAPSHOT
TABLE 189 MEDIATEK INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
10.2.8 ANALOG DEVICES, INC.
TABLE 190 ANALOG DEVICES, INC.: BUSINESS OVERVIEW
FIGURE 61 ANALOG DEVICES, INC.: COMPANY SNAPSHOT
TABLE 191 ANALOG DEVICES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
10.2.9 SEQUANS
TABLE 192 SEQUANS: BUSINESS OVERVIEW
FIGURE 62 SEQUANS: COMPANY SNAPSHOT
TABLE 193 SEQUANS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 194 SEQUANS: PRODUCT LAUNCHES
TABLE 195 SEQUANS: DEALS
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
10.3 INNOVATORS
10.3.1 MEIG SMART TECHNOLOGY
10.3.2 NEOWAY TECHNOLOGY
10.3.3 XIAMEN CHEERZING IOT TECHNOLOGY
10.3.4 HISILICON TECHNOLOGIES
10.3.5 SKYWORKS SOLUTIONS, INC.
10.3.6 OMNITRACS
10.3.7 HILTI NORTH AMERICA
10.3.8 SAMSARA
10.3.9 AZUGA
10.3.10 SUNSEA AIOT TECHNOLOGY CO., LTD.
10.3.11 GEOTRAQ
11 APPENDIX (Page No. - 242)
11.1 INSIGHTS FROM INDUSTRY EXPERTS
11.2 DISCUSSION GUIDE
11.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
11.4 AVAILABLE CUSTOMIZATION
11.5 RELATED REPORT
11.6 AUTHOR DETAILS
The study involves four major activities for estimating the size of the IoT based asset tracking and monitoring market. Exhaustive secondary research has been conducted to collect information related to the market. The next step has been the validation of these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Top-down and bottom-up approaches have been used to estimate and validate the size of the IoT based asset tracking and monitoring market and other dependent submarkets. The leading players in the market have been identified through secondary research, and their market share in the key regions has been determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top players and extensive interviews with the industry experts such as chief executive officers, vice presidents, directors, and marketing executives for the key insights.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources such as World Bank, The Organization for Economic Co-operation and Development (OECD), European Telecommunications Network Operators’ Association, LoRa Alliance, and IoT M2M council among others have been used to identify and collect information for an extensive technical and commercial study of the IoT based asset tracking and monitoring market.
Primary Research
Extensive primary research was conducted after understanding and analyzing the IoT based asset tracking and monitoring market through secondary research. Several primary interviews were conducted with key opinion leaders from both the demand- and supply-side vendors across major regions—North America, Europe, APAC, and RoW. Approximately 40% of the primary interviews were conducted with the demand-side vendors and 60% with the supply-side vendors. This primary data was mainly collected through telephonic interviews/web conferences, which consist of 80% of total primary interviews, as well as questionnaires and e-mails.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The IoT based asset tracking and monitoring market consists of connectivity type: Wi-Fi, Bluetooth, Cellular, NB-IoT, LoRa, SigFox, UWB, GNSS, and Others. A IoT based asset tracking and monitoring is usually employed in following applications; Livestock Monitoring, Automotive, Railways, Aviation, Manufacturing, Cold Chain Monitoring, and Others. Top-down and bottom-up approaches have been used to estimate and validate the size of the IoT based asset tracking and monitoring market and other dependent submarkets. The leading players in the market have been identified through secondary research, and their market share in the key regions has been determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top players and extensive interviews with the industry experts such as chief executive officers, vice presidents, directors, and marketing executives for the key insights.
Data Triangulation
After arriving at the overall market size from the market size estimation process explained earlier, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market has been validated using both top-down and bottom-up approaches.
Study Objectives:
- To describe and forecast the IoT based asset tracking and monitoring market, in terms of value and volume, by connectivity type and application.
- To describe and forecast the IoT based asset tracking and monitoring market, in terms of value, for four main regions – North America, Europe, APAC, and Rest of the World.
- To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To study the complete value chain of the IoT based asset tracking and monitoring market
- To provide a detailed impact of the COVID-19 pandemic on the IoT based asset tracking and monitoring market, its segments, and the market players
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the IoT based asset tracking and monitoring ecosystem
- To profile key players and comprehensively analyze their market position in terms of ranking and core competencies2, and provide a detailed competitive landscape of the market
- To analyze the competitive developments, such as joint ventures, collaborations, agreements, contracts, partnerships, mergers & acquisitions, new product developments, and research and development (R&D), in the IoT based asset tracking and monitoring market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report.
Company information:
- Detailed analysis and profiling of additional market players (up to 5)
Generating Response ...
Growth opportunities and latent adjacency in IoT based Asset Tracking and Monitoring Market