North America IoT based Asset Tracking and Monitoring Market Size, Share & Industry Trends Analysis Report By Connectivity Type (Cellular, NB-IoT, SigFox, Wi-Fi, LoRa, GNSS, Bluetooth, and Others), By Application, By Country and Growth Forecast, 2022 - 2028
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.
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
- Manufacturing
- Automotive
- Livestock Monitoring
- Railways
- Aviation
- Cold Chain Monitoring
- Others
- US
- Canada
- Mexico
- Rest of North America
- 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
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- 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
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