The Asia Pacific IoT based Asset Tracking and Monitoring Market would witness market growth of 11.3% CAGR during the forecast period (2022-2028).
A sound asset tracking and monitoring strategy support corporate goals while boosting operational efficiency and cutting costs. Contrary to other business sectors, IoT-enabled asset tracking and monitoring technologies are being widely adopted by participants in the manufacturing sector. Manufacturing companies can track, categorize, and identify each piece of equipment with the use of IoT-enabled asset management. Directly doing all of these procedures requires a lot of time and work. The majority of industries use expensive portable scanners for inventory management. With the advent of IoT-enabled asset tracking technologies, these assets may now be monitored automatically.
Companies are switching to IoT-enabled asset monitoring to manage on-floor equipment, which is driving up demand for faster and more dependable connectivity modules like 5G cellular. For example, in March 2022, Fibocom Wireless Inc. introduced the 5G smart module SC171, which is primarily intended for industrial applications like smart manufacturing for asset tracking, in order to gain a competitive edge in the market.
One method of asset tracking which doesn't need a continuous connection is a radio-frequency identification (RFID). An RFID tag has a radio receiver and transmitter that are activated when it comes in contact with an RFID reader's electromagnetic pulse. Although several use cases for RFID tracking inventory are successful, the tags must be prompted to disclose their location by external hardware (RFID reader devices).
The IoT-based asset tracking and monitoring market is expected to have the highest market opportunity throughout the projected period in the Asia Pacific region. In the Asia Pacific, IoT has made inroads into a number of industries, including agriculture, transportation (including rail and aviation), healthcare, manufacturing, and food and beverage. With a large population base and constantly rising per capita income, the region is home to some of the fastest-growing economies in the world, including China and India. Furthermore, integrating IoT with 5G will make it easier for companies all over the world to launch, run, and expand their operations from a single platform.
The China market dominated the Asia Pacific 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 $549.3 million by 2028. The Japan market is estimated to grow a CAGR of 10.6% during (2022 - 2028). Additionally, The India market would experience 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide IoT based Asset Tracking and Monitoring Market is Projected to reach USD 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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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 Asia Pacific IoT based Asset Tracking and Monitoring Market, by Connectivity Type
1.4.2 Asia Pacific IoT based Asset Tracking and Monitoring Market, by Application
1.4.3 Asia Pacific 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. Asia Pacific IoT based Asset Tracking and Monitoring Market by Connectivity Type
4.1 Asia Pacific Cellular Market by Country
4.2 Asia Pacific NB-IoT Market by Country
4.3 Asia Pacific SigFox Market by Country
4.4 Asia Pacific Wi-Fi Market by Country
4.5 Asia Pacific LoRa Market by Country
4.6 Asia Pacific GNSS Market by Country
4.7 Asia Pacific Bluetooth Market by Country
4.8 Asia Pacific Other Connectivity Type Market by Country
Chapter 5. Asia Pacific IoT based Asset Tracking and Monitoring Market by Application
5.1 Asia Pacific Manufacturing Market by Country
5.2 Asia Pacific Automotive Market by Country
5.3 Asia Pacific Livestock Monitoring Market by Country
5.4 Asia Pacific Railways Market by Country
5.5 Asia Pacific Aviation Market by Country
5.6 Asia Pacific Cold Chain Monitoring Market by Country
5.7 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific IoT based Asset Tracking and Monitoring Market by Country
6.1 China IoT based Asset Tracking and Monitoring Market
6.1.1 China IoT based Asset Tracking and Monitoring Market by Connectivity Type
6.1.2 China IoT based Asset Tracking and Monitoring Market by Application
6.2 Japan IoT based Asset Tracking and Monitoring Market
6.2.1 Japan IoT based Asset Tracking and Monitoring Market by Connectivity Type
6.2.2 Japan IoT based Asset Tracking and Monitoring Market by Application
6.3 India IoT based Asset Tracking and Monitoring Market
6.3.1 India IoT based Asset Tracking and Monitoring Market by Connectivity Type
6.3.2 India IoT based Asset Tracking and Monitoring Market by Application
6.4 South Korea IoT based Asset Tracking and Monitoring Market
6.4.1 South Korea IoT based Asset Tracking and Monitoring Market by Connectivity Type
6.4.2 South Korea IoT based Asset Tracking and Monitoring Market by Application
6.5 Singapore IoT based Asset Tracking and Monitoring Market
6.5.1 Singapore IoT based Asset Tracking and Monitoring Market by Connectivity Type
6.5.2 Singapore IoT based Asset Tracking and Monitoring Market by Application
6.6 Malaysia IoT based Asset Tracking and Monitoring Market
6.6.1 Malaysia IoT based Asset Tracking and Monitoring Market by Connectivity Type
6.6.2 Malaysia IoT based Asset Tracking and Monitoring Market by Application
6.7 Rest of Asia Pacific IoT based Asset Tracking and Monitoring Market
6.7.1 Rest of Asia Pacific IoT based Asset Tracking and Monitoring Market by Connectivity Type
6.7.2 Rest of Asia Pacific 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 Asia Pacific IoT based Asset Tracking and Monitoring Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific 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 Asia Pacific IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2018 - 2021, USD Million
TABLE 7 Asia Pacific IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2022 - 2028, USD Million
TABLE 8 Asia Pacific Cellular Market by Country, 2018 - 2021, USD Million
TABLE 9 Asia Pacific Cellular Market by Country, 2022 - 2028, USD Million
TABLE 10 Asia Pacific NB-IoT Market by Country, 2018 - 2021, USD Million
TABLE 11 Asia Pacific NB-IoT Market by Country, 2022 - 2028, USD Million
TABLE 12 Asia Pacific SigFox Market by Country, 2018 - 2021, USD Million
TABLE 13 Asia Pacific SigFox Market by Country, 2022 - 2028, USD Million
TABLE 14 Asia Pacific Wi-Fi Market by Country, 2018 - 2021, USD Million
TABLE 15 Asia Pacific Wi-Fi Market by Country, 2022 - 2028, USD Million
TABLE 16 Asia Pacific LoRa Market by Country, 2018 - 2021, USD Million
TABLE 17 Asia Pacific LoRa Market by Country, 2022 - 2028, USD Million
TABLE 18 Asia Pacific GNSS Market by Country, 2018 - 2021, USD Million
TABLE 19 Asia Pacific GNSS Market by Country, 2022 - 2028, USD Million
TABLE 20 Asia Pacific Bluetooth Market by Country, 2018 - 2021, USD Million
TABLE 21 Asia Pacific Bluetooth Market by Country, 2022 - 2028, USD Million
TABLE 22 Asia Pacific Other Connectivity Type Market by Country, 2018 - 2021, USD Million
TABLE 23 Asia Pacific Other Connectivity Type Market by Country, 2022 - 2028, USD Million
TABLE 24 Asia Pacific IoT based Asset Tracking and Monitoring Market by Application, 2018 - 2021, USD Million
TABLE 25 Asia Pacific IoT based Asset Tracking and Monitoring Market by Application, 2022 - 2028, USD Million
TABLE 26 Asia Pacific Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 27 Asia Pacific Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 28 Asia Pacific Automotive Market by Country, 2018 - 2021, USD Million
TABLE 29 Asia Pacific Automotive Market by Country, 2022 - 2028, USD Million
TABLE 30 Asia Pacific Livestock Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 31 Asia Pacific Livestock Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 32 Asia Pacific Railways Market by Country, 2018 - 2021, USD Million
TABLE 33 Asia Pacific Railways Market by Country, 2022 - 2028, USD Million
TABLE 34 Asia Pacific Aviation Market by Country, 2018 - 2021, USD Million
TABLE 35 Asia Pacific Aviation Market by Country, 2022 - 2028, USD Million
TABLE 36 Asia Pacific Cold Chain Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 37 Asia Pacific Cold Chain Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 38 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 39 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 40 Asia Pacific IoT based Asset Tracking and Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 41 Asia Pacific IoT based Asset Tracking and Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 42 China IoT based Asset Tracking and Monitoring Market, 2018 - 2021, USD Million
TABLE 43 China IoT based Asset Tracking and Monitoring Market, 2022 - 2028, USD Million
TABLE 44 China IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2018 - 2021, USD Million
TABLE 45 China IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2022 - 2028, USD Million
TABLE 46 China IoT based Asset Tracking and Monitoring Market by Application, 2018 - 2021, USD Million
TABLE 47 China IoT based Asset Tracking and Monitoring Market by Application, 2022 - 2028, USD Million
TABLE 48 Japan IoT based Asset Tracking and Monitoring Market, 2018 - 2021, USD Million
TABLE 49 Japan IoT based Asset Tracking and Monitoring Market, 2022 - 2028, USD Million
TABLE 50 Japan IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2018 - 2021, USD Million
TABLE 51 Japan IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2022 - 2028, USD Million
TABLE 52 Japan IoT based Asset Tracking and Monitoring Market by Application, 2018 - 2021, USD Million
TABLE 53 Japan IoT based Asset Tracking and Monitoring Market by Application, 2022 - 2028, USD Million
TABLE 54 India IoT based Asset Tracking and Monitoring Market, 2018 - 2021, USD Million
TABLE 55 India IoT based Asset Tracking and Monitoring Market, 2022 - 2028, USD Million
TABLE 56 India IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2018 - 2021, USD Million
TABLE 57 India IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2022 - 2028, USD Million
TABLE 58 India IoT based Asset Tracking and Monitoring Market by Application, 2018 - 2021, USD Million
TABLE 59 India IoT based Asset Tracking and Monitoring Market by Application, 2022 - 2028, USD Million
TABLE 60 South Korea IoT based Asset Tracking and Monitoring Market, 2018 - 2021, USD Million
TABLE 61 South Korea IoT based Asset Tracking and Monitoring Market, 2022 - 2028, USD Million
TABLE 62 South Korea IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2018 - 2021, USD Million
TABLE 63 South Korea IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2022 - 2028, USD Million
TABLE 64 South Korea IoT based Asset Tracking and Monitoring Market by Application, 2018 - 2021, USD Million
TABLE 65 South Korea IoT based Asset Tracking and Monitoring Market by Application, 2022 - 2028, USD Million
TABLE 66 Singapore IoT based Asset Tracking and Monitoring Market, 2018 - 2021, USD Million
TABLE 67 Singapore IoT based Asset Tracking and Monitoring Market, 2022 - 2028, USD Million
TABLE 68 Singapore IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2018 - 2021, USD Million
TABLE 69 Singapore IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2022 - 2028, USD Million
TABLE 70 Singapore IoT based Asset Tracking and Monitoring Market by Application, 2018 - 2021, USD Million
TABLE 71 Singapore IoT based Asset Tracking and Monitoring Market by Application, 2022 - 2028, USD Million
TABLE 72 Malaysia IoT based Asset Tracking and Monitoring Market, 2018 - 2021, USD Million
TABLE 73 Malaysia IoT based Asset Tracking and Monitoring Market, 2022 - 2028, USD Million
TABLE 74 Malaysia IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2018 - 2021, USD Million
TABLE 75 Malaysia IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2022 - 2028, USD Million
TABLE 76 Malaysia IoT based Asset Tracking and Monitoring Market by Application, 2018 - 2021, USD Million
TABLE 77 Malaysia IoT based Asset Tracking and Monitoring Market by Application, 2022 - 2028, USD Million
TABLE 78 Rest of Asia Pacific IoT based Asset Tracking and Monitoring Market, 2018 - 2021, USD Million
TABLE 79 Rest of Asia Pacific IoT based Asset Tracking and Monitoring Market, 2022 - 2028, USD Million
TABLE 80 Rest of Asia Pacific IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2018 - 2021, USD Million
TABLE 81 Rest of Asia Pacific IoT based Asset Tracking and Monitoring Market by Connectivity Type, 2022 - 2028, USD Million
TABLE 82 Rest of Asia Pacific IoT based Asset Tracking and Monitoring Market by Application, 2018 - 2021, USD Million
TABLE 83 Rest of Asia Pacific IoT based Asset Tracking and Monitoring Market by Application, 2022 - 2028, USD Million
TABLE 84 key information – Thales Group S.A.
TABLE 85 Key Information – Sierra Wireless, Inc.
TABLE 86 Key Information – Telit corporate group
TABLE 87 key information – Analog Devices, Inc.
TABLE 88 Key information – Semtech Corporation
TABLE 89 Key information – Quectel Wireless Solutions Co., Ltd.
TABLE 90 Key information – u-blox Holding AG
TABLE 91 Key information – Fibocom wireless, Inc.
TABLE 92 Key information – Sony Semiconductor Israel Ltd.
TABLE 93 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