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IoT-based Asset Tracking and Monitoring Market Share

  • Report ID: GMI9145
  • Published Date: Apr 2024
  • Report Format: PDF

IoT-based Asset Tracking and Monitoring Market Share

Quectel Wireless Solutions Co., Ltd and u-blox AG hold a significant share of over 5% in the IoT-based asset tracking and monitoring industry. Quectel Wireless Solutions Co., Ltd. secures a major market share in IoT-based asset tracking and monitoring by offering a comprehensive range of innovative, high-performance IoT modules. These modules support various wireless communication technologies essential for reliable connectivity. Quectel’s commitment to R&D, coupled with their global sales and support network, ensures widespread adoption in industries seeking advanced asset management solutions.
 

u-blox AG holds a major market share in IoT-based asset tracking and monitoring due to its robust portfolio of reliable, high-precision positioning and wireless communication modules. Their products are integral for enabling seamless connectivity and accurate location tracking in diverse environments. u-blox's commitment to innovation, quality, and extensive global distribution network further solidifies their leadership in the IoT solutions market.
 

IoT-based Asset Tracking and Monitoring Market Companies

Major players operating in the industry are:

  • Quectel Wireless Solutions Co., Ltd.
  • u-blox AG
  • Fibocom Wireless Inc.
  • Telit Cinterion Group
  • Semtech Corporation
  • Samsara Inc.
  • Nordic Semiconductor ASA
Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The industry size for IoT-based asset tracking and monitoring exceeded USD 4.5 billion in 2023 and is estimated to register over 12.5% CAGR between 2024 and 2032, due to the rise of smart cities and infrastructure worldwide

The transportation & logistics application segment recorded over 25% of the IoT-based asset tracking and monitoring industry in 2023 owing to the strong need to provide real-time information on vehicle locations, routes, and operational status ?

APAC market size is expected to grow at over 13% CAGR from 2024 to 2032, led by the rapidly expanding retail and e-commerce industries in the region

Leading IoT-based asset tracking and monitoring firms are Quectel Wireless Solutions Co., Ltd., u-blox AG, Fibocom Wireless Inc., Telit Cinterion Group, Semtech Corporation, Samsara Inc., and Nordic Semiconductor ASA

IoT-based Asset Tracking and Monitoring Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 237
  • Countries covered: 22
  • Pages: 200
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