The North America IoT based Asset Tracking and Monitoring Market would witness market growth of 10.3% CAGR during the forecast period (2022-2028).
The manufacturing and industrial sector need IoT asset tracking badly. Physical assets can be tracked and monitored in real-time by connecting them to the Internet. Utilizing this knowledge will increase productivity, optimize costs, and increase efficiency. The monitoring of workplace compliance and safety is another application for IoT asset tracking.
It can locate dangerous machines or supplies, for instance, and track their location. IoT asset tracking can assist first responders in an accident by allowing them to swiftly find and pinpoint the mishap's cause. In the automotive sector, IoT asset tracking may be crucial. For instance, it can track vehicles while they are being shipped and delivered. The timely and proper delivery of automobiles might be helped by the information provided.
A few examples of equipment that requires constant observation are wheelchairs, IV pumps, portable x-ray machines, and ultrasound units. RFID works well for tracking these kinds of assets since items are given RFID tags which could be read by a mobile reader or when they pass by a scanning point. Data is transferred to an asset tracking software programme using radiofrequency waves & wireless technologies.
North America provides enormous potential for asset management technology companies due to its robust manufacturing, transportation, and logistics sectors. The necessity for asset management in the area has also grown as a result of the regional governments. For example, the Federal Highway Association (FHWA), the American Association of State Highway and Transportation Officials (AASHTO), and state and local departments of transportation (DOTs) have all promoted the use of assets management in the US transport and logistics sector.
The US market dominated the North America IoT based Asset Tracking and Monitoring Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,768.5 million by 2028. The Canada market is poised to grow at a CAGR of 12.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 11.9% during (2022 - 2028).
Based on Connectivity Type, the market is segmented into Cellular, NB-IoT, SigFox, Wi-Fi, LoRa, GNSS, Bluetooth, and Others. Based on Application, the market is segmented into Manufacturing, Automotive, Livestock Monitoring, Railways, Aviation, Cold Chain Monitoring, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global IoT based Asset Tracking and Monitoring Market is Estimated to reach $6.7 Billion by 2028, at a CAGR of 10.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thales Group S.A., Sierra Wireless, Inc., Telit corporate group (DBAY Advisors Limited), Analog Devices, Inc., Semtech Corporation, Quectel Wireless Solutions Co., Ltd., U-blox Holding AG, Fibocom Wireless, Inc., Sony Semiconductor Israel Ltd. (Sony Corporation), and Nordic Semiconductor ASA.
Scope of the Study
Market Segments Covered in the Report:
By Connectivity Type
- Cellular
- NB-IoT
- SigFox
- Wi-Fi
- LoRa
- GNSS
- Bluetooth
- Others
By Application
- Manufacturing
- Automotive
- Livestock Monitoring
- Railways
- Aviation
- Cold Chain Monitoring
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Thales Group S.A.
- Sierra Wireless, Inc.
- Telit corporate group (DBAY Advisors Limited)
- Analog Devices, Inc.
- Semtech Corporation
- Quectel Wireless Solutions Co., Ltd.
- U-blox Holding AG
- Fibocom Wireless, Inc.
- Sony Semiconductor Israel Ltd. (Sony Corporation)
- Nordic Semiconductor ASA
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America IoT based Asset Tracking and Monitoring Market, by Connectivity Type
1.4.2 North America IoT based Asset Tracking and Monitoring Market, by Application
1.4.3 North America IoT based Asset Tracking and Monitoring Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Feb – 2022, Jun) Leading Players
Chapter 4. North America IoT based Asset Tracking and Monitoring Market by Connectivity Type
4.1 North America Cellular Market by Country
4.2 North America NB-IoT Market by Country
4.3 North America SigFox Market by Country
4.4 North America Wi-Fi Market by Country
4.5 North America LoRa Market by Country
4.6 North America GNSS Market by Country
4.7 North America Bluetooth Market by Country
4.8 North America Other Connectivity Type Market by Country
Chapter 5. North America IoT based Asset Tracking and Monitoring Market by Application
5.1 North America Manufacturing Market by Country
5.2 North America Automotive Market by Country
5.3 North America Livestock Monitoring Market by Country
5.4 North America Railways Market by Country
5.5 North America Aviation Market by Country
5.6 North America Cold Chain Monitoring Market by Country
5.7 North America Others Market by Country
Chapter 6. North America IoT based Asset Tracking and Monitoring Market by Country
6.1 US IoT based Asset Tracking and Monitoring Market
6.1.1 US IoT based Asset Tracking and Monitoring Market by Connectivity Type
6.1.2 US IoT based Asset Tracking and Monitoring Market by Application
6.2 Canada IoT based Asset Tracking and Monitoring Market
6.2.1 Canada IoT based Asset Tracking and Monitoring Market by Connectivity Type
6.2.2 Canada IoT based Asset Tracking and Monitoring Market by Application
6.3 Mexico IoT based Asset Tracking and Monitoring Market
6.3.1 Mexico IoT based Asset Tracking and Monitoring Market by Connectivity Type
6.3.2 Mexico IoT based Asset Tracking and Monitoring Market by Application
6.4 Rest of North America IoT based Asset Tracking and Monitoring Market
6.4.1 Rest of North America IoT based Asset Tracking and Monitoring Market by Connectivity Type
6.4.2 Rest of North America IoT based Asset Tracking and Monitoring Market by Application
Chapter 7. Company Profiles
7.1 Thales Group S.A.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research and Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.2 Sierra Wireless, Inc.
7.2.1 Company overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.2.5.3 Acquisition and Mergers:
7.3 Telit corporate group (DBAY Advisors Limited)
7.3.1 Company Overview
7.4 Analog Devices, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 SWOT Analysis
7.5 Semtech Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional & Segmental Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Product Launches and Product Expansions:
7.6 Quectel Wireless Solutions Co., Ltd.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Research & Development Expense
7.6.4 Recent strategies and developments:
7.6.4.1 Product Launches and Product Expansions:
7.7 u-blox Holding AG
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segment and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Product Launches and Product Expansions:
7.7.5.2 Acquisition and Mergers:
7.8 Fibocom Wireless, Inc.
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Acquisition and Mergers:
7.9 Sony Semiconductor Israel Ltd. (Sony Corporation)
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental & Regional Analysis
7.9.4 Research & Development Expense
7.9.5 Recent strategies and developments:
7.9.5.1 Product Launches and Product Expansions:
7.9.6 SWOT Analysis
7.10. Nordic Semiconductors ASA
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Regional Analysis
7.10.4 Research & Development Expense
TABLE 1 North America IoT based Asset Tracking and Monitoring Market, 2018 - 2021, USD Million
TABLE 2 North America IoT based Asset Tracking and Monitoring Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – IoT based Asset Tracking and Monitoring Market
TABLE 4 Product Launches And Product Expansions – IoT based Asset Tracking and Monitoring Market
TABLE 5 Acquisition and Mergers – IoT based Asset Tracking and Monitoring Market
TABLE 6 North America IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2018 - 2021, USD Million
TABLE 7 North America IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2022 - 2028, USD Million
TABLE 8 North America Cellular Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Cellular Market by Country, 2022 - 2028, USD Million
TABLE 10 North America NB-IoT Market by Country, 2018 - 2021, USD Million
TABLE 11 North America NB-IoT Market by Country, 2022 - 2028, USD Million
TABLE 12 North America SigFox Market by Country, 2018 - 2021, USD Million
TABLE 13 North America SigFox Market by Country, 2022 - 2028, USD Million
TABLE 14 North America Wi-Fi Market by Country, 2018 - 2021, USD Million
TABLE 15 North America Wi-Fi Market by Country, 2022 - 2028, USD Million
TABLE 16 North America LoRa Market by Country, 2018 - 2021, USD Million
TABLE 17 North America LoRa Market by Country, 2022 - 2028, USD Million
TABLE 18 North America GNSS Market by Country, 2018 - 2021, USD Million
TABLE 19 North America GNSS Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Bluetooth Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Bluetooth Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Other Connectivity Type Market by Country, 2018 - 2021, USD Million
TABLE 23 North America Other Connectivity Type Market by Country, 2022 - 2028, USD Million
TABLE 24 North America IoT based Asset Tracking and Monitoring Market by Application, 2018 - 2021, USD Million
TABLE 25 North America IoT based Asset Tracking and Monitoring Market by Application, 2022 - 2028, USD Million
TABLE 26 North America Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 28 North America Automotive Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Automotive Market by Country, 2022 - 2028, USD Million
TABLE 30 North America Livestock Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 31 North America Livestock Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 32 North America Railways Market by Country, 2018 - 2021, USD Million
TABLE 33 North America Railways Market by Country, 2022 - 2028, USD Million
TABLE 34 North America Aviation Market by Country, 2018 - 2021, USD Million
TABLE 35 North America Aviation Market by Country, 2022 - 2028, USD Million
TABLE 36 North America Cold Chain Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 37 North America Cold Chain Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 38 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 39 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 40 North America IoT based Asset Tracking and Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 41 North America IoT based Asset Tracking and Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 42 US IoT based Asset Tracking and Monitoring Market, 2018 - 2021, USD Million
TABLE 43 US IoT based Asset Tracking and Monitoring Market, 2022 - 2028, USD Million
TABLE 44 US IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2018 - 2021, USD Million
TABLE 45 US IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2022 - 2028, USD Million
TABLE 46 US IoT based Asset Tracking and Monitoring Market by Application, 2018 - 2021, USD Million
TABLE 47 US IoT based Asset Tracking and Monitoring Market by Application, 2022 - 2028, USD Million
TABLE 48 Canada IoT based Asset Tracking and Monitoring Market, 2018 - 2021, USD Million
TABLE 49 Canada IoT based Asset Tracking and Monitoring Market, 2022 - 2028, USD Million
TABLE 50 Canada IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2018 - 2021, USD Million
TABLE 51 Canada IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2022 - 2028, USD Million
TABLE 52 Canada IoT based Asset Tracking and Monitoring Market by Application, 2018 - 2021, USD Million
TABLE 53 Canada IoT based Asset Tracking and Monitoring Market by Application, 2022 - 2028, USD Million
TABLE 54 Mexico IoT based Asset Tracking and Monitoring Market, 2018 - 2021, USD Million
TABLE 55 Mexico IoT based Asset Tracking and Monitoring Market, 2022 - 2028, USD Million
TABLE 56 Mexico IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2018 - 2021, USD Million
TABLE 57 Mexico IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2022 - 2028, USD Million
TABLE 58 Mexico IoT based Asset Tracking and Monitoring Market by Application, 2018 - 2021, USD Million
TABLE 59 Mexico IoT based Asset Tracking and Monitoring Market by Application, 2022 - 2028, USD Million
TABLE 60 Rest of North America IoT based Asset Tracking and Monitoring Market, 2018 - 2021, USD Million
TABLE 61 Rest of North America IoT based Asset Tracking and Monitoring Market, 2022 - 2028, USD Million
TABLE 62 Rest of North America IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2018 - 2021, USD Million
TABLE 63 Rest of North America IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2022 - 2028, USD Million
TABLE 64 Rest of North America IoT based Asset Tracking and Monitoring Market by Application, 2018 - 2021, USD Million
TABLE 65 Rest of North America IoT based Asset Tracking and Monitoring Market by Application, 2022 - 2028, USD Million
TABLE 66 key information – Thales Group S.A.
TABLE 67 Key Information – Sierra Wireless, Inc.
TABLE 68 Key Information – Telit corporate group
TABLE 69 key information – Analog Devices, Inc.
TABLE 70 Key information – Semtech Corporation
TABLE 71 Key information – Quectel Wireless Solutions Co., Ltd.
TABLE 72 Key information – u-blox Holding AG
TABLE 73 Key information – Fibocom wireless, Inc.
TABLE 74 Key information – Sony Semiconductor Israel Ltd.
TABLE 75 Key information – Nordic Semiconductors ASA
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions: 2020, Feb – 2022, Jun) Leading Players
FIG 5 Recent strategies and developments: Sierra Wireless, Inc.
FIG 6 Swot analysis: analog devices, inc.
FIG 7 Swot analysis: sony corporation