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IoT-based Asset Tracking and Monitoring Market Share

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

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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