IoT-based Asset Tracking and Monitoring Market by Connectivity, Application, Region
The IoT-based asset tracking and monitoring market is expected to reach USD 6.6 billion by 2027, growing at a CAGR of 11.3% from 2022 to 2027. This report covers key applications, namely livestock monitoring, automotive, railway, aviation, manufacturing, cold chain monitoring and others in the IoT based asset tracking and monitoring market.
New York, July 22. 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “IoT based Asset Tracking and Monitoring Market by Connectivity, Application, Region – Global Forecast to 2027” – https://www.reportlinker .com/p06309037/?utm_source =GNW
The type of Wi-Fi connectivity in the deployment of IoT-based asset tracking and monitoring accounted for a huge share of around 24% of the market in 2021.
By application, the cold chain monitoring market segment is expected to hold around one-fifth market share during the forecast period
Cold chain monitoring devices are a valuable tool for fleets that transport products that must be maintained at a specific temperature or range throughout the transport process, such as food, beverages, medications or other goods, in order to avoid any damage or waste in the supply of the cold chain. chain, the devices transmit temperature data in real time. Temperature data loggers, also known as cold chain monitors, are wireless sensors that use IoT technology to provide real-time temperature data.
To help cold chain managers and customers understand temperature, these IoT-based asset tracking and monitoring devices are frequently installed in chillers, refrigeration units, or cold rooms.
Asia-Pacific region is expected to grow at the highest CAGR in the IoT-based asset tracking and monitoring market over the forecast period.
Asia-Pacific is one of the major markets for chip and module manufacturing. Commercialization of IoT and its convergence across industries is believed to be on the rise, especially in developing Asia-Pacific economies.
The region has become a global focal point for major investment and business expansion opportunities. Asia-Pacific is expected to experience substantial growth owing to the high production and consumption of electronic devices in the region.
Furthermore, the presence of leading chip and module manufacturers is significantly boosting the growth of the regional IoT-based asset tracking and monitoring market.
Distribution of the profiles of the main participants:
• By business type – Level 1: 10%, Level 2 – 55% and Level 3 – 35%
• By designation – C level – 45%, Director level – 25% and other – 30%
• By region: North America: 55%, Europe: 20%, APAC: 15% and Rest of the world: 10%
The major players operating in the IoT-based asset tracking and monitoring market are Fibocom Wireless Inc. (China), Quectel (China), Sierra Wireless (Canada), Telit (UK), u-blox ( Switzerland), Thales (France), Sony Semiconductor Israel Ltd. (Israel), Nordic Semiconductor (Norway), GosuncnWelink Corporation (China), Laird Connectivity (USA), Semtech (USA), Mediatek Inc. (Taiwan), Analog Devices, Inc. (USA), Sequans (France), MeiG Smart Technology (China), Neoway Technology (China), Xiamen CHEERZING IoT Technology (China), HiSilicon Technologies (China), Skyworks Solutions, Inc. (USA), Omnitracs (USA), Hilti (US), Samsara (US), Azuga (US) and Sunsea AIoT Technology Co., Ltd (China). The IoT-based asset tracking and monitoring market has been segmented into connected type, application, and region.
On the basis of connectivity type, the IoT-based asset tracking and monitoring market has been segmented by
Wi-Fi, Bluetooth, Cellular, NB-IoT, LoRa, SigFox, UWB, GNSS and others. Based on application, the IoT-based asset tracking and monitoring market has been segmented into livestock monitoring, automotive, railroad, aviation, manufacturing, surveillance cold chain, etc. , Asia-Pacific and Rest of the world.
• Illustrative market segmentation, analysis, and forecast based on connectivity type, application, and region have been performed to give a bird’s-eye view of the IoT-based Asset Tracking and Monitoring market.
• Value chain analysis has been performed to provide in-depth insights into the IoT-based asset tracking and monitoring market.
• Major drivers, restraints, opportunities, and challenges relating to IoT-based Asset Tracking and Monitoring Market have been detailed in this report.
• Detailed information regarding the impact of COVID-19 on the IoT-based Asset Tracking and Monitoring market has been provided in the report.
• The report includes a detailed competitive landscape of the market, along with key players, along with an in-depth analysis of their revenue
Read the full report: https://www.reportlinker.com/p06309037/?utm_source=GNW
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