"The Global Iot Based Asset Tracking Monitoring Market was valued at USD 7.19 billion in 2025 and is projected to reach USD 18.21 billion by 2034, growing at a CAGR of 10.88%."
The IoT-based asset tracking and monitoring market has gained significant traction as enterprises seek real-time visibility, control, and security over physical assets across complex supply chains and operations. This market leverages IoT-enabled sensors, GPS, RFID, Bluetooth, and cloud analytics to monitor the location, condition, and movement of assets such as equipment, inventory, vehicles, and containers. The technology provides proactive alerts, predictive maintenance, and performance optimization, minimizing asset loss, downtime, and operational inefficiencies. Industries such as logistics, manufacturing, healthcare, construction, and oil & gas are increasingly adopting IoT-based solutions to streamline asset usage, improve compliance, and enable data-driven decision-making.
Rapid advancements in wireless connectivity, sensor miniaturization, and cloud computing are propelling the scalability and affordability of IoT asset tracking systems. Companies are transitioning from manual and barcode-based methods to automated, real-time platforms that offer end-to-end transparency. In addition to location tracking, modern solutions include temperature, humidity, vibration, and shock detection to ensure asset integrity and compliance with industry standards. The growing emphasis on digital transformation, Industry 4.0, and smart infrastructure further fuels market expansion. As enterprises adopt hybrid work models and decentralized operations, IoT-based asset tracking is becoming a critical component of enterprise resource management strategies across global markets.
Trade Intelligence Of IoT-based Asset Tracking And Monitoring Market
| Global Radio navigational aid apparatus, Imports, USD million, 2020-24 | |||||
|
| 2020 | 2021 | 2022 | 2023 | 2024 |
| World | 8,386 | 8,879 | 9,714 | 11,331 | 11,694 |
| China | 455 | 759 | 903 | 1,696 | 1,731 |
| United States of America | 1,042 | 1,204 | 1,384 | 1,530 | 1,703 |
| Germany | 807 | 649 | 742 | 985 | 988 |
| Japan | 1,000 | 1,006 | 1,019 | 887 | 876 |
| United Kingdom | 657 | 444 | 504 | 592 | 668 |
| Source: OGAnalysis, (ITC) | |||||
- China, United States of America, Germany, Japan and United Kingdom are the top five countries importing 51% of global Radio navigational aid apparatus in 2024
- Global Radio navigational aid apparatus Imports increased by 39.4% between 2020 and 2024
- China accounts for 14.8% of global Radio navigational aid apparatus trade in 2024
- United States of America accounts for 14.6% of global Radio navigational aid apparatus trade in 2024
- Germany accounts for 8.4% of global Radio navigational aid apparatus trade in 2024
Regional Insights
North America IoT-Based Asset Tracking and Monitoring Market
North America is a leading region in the adoption of IoT-based asset tracking and monitoring solutions, driven by early digitization of supply chains and strong presence of logistics, healthcare, and manufacturing sectors. The region sees growing deployment of advanced tracking systems integrating AI, 5G, and cloud analytics for real-time asset visibility. Companies are focused on enhancing fleet telematics, remote diagnostics, and cold chain monitoring for regulatory compliance and operational efficiency. The trend toward smart factories, digital twins, and connected infrastructure presents continued opportunities for IoT vendors, while cybersecurity and data governance remain strategic priorities.
Asia Pacific IoT-Based Asset Tracking and Monitoring Market
Asia Pacific is witnessing significant growth in the IoT-based asset tracking and monitoring market due to expanding e-commerce, industrial automation, and government-led smart city initiatives. Countries like China, Japan, India, and South Korea are investing in robust IoT infrastructure and integrating tracking systems across transportation, logistics, and manufacturing industries. The region's vast supply chain networks and growing need for inventory visibility are fueling demand for real-time asset intelligence. Local players are offering low-cost sensor and platform solutions, enabling broader adoption across SMEs and large enterprises aiming to optimize operational workflows.
Europe IoT-Based Asset Tracking and Monitoring Market
Europe's market for IoT-based asset tracking and monitoring is driven by regulatory compliance, sustainability goals, and strong investment in smart mobility and industrial automation. Key industries such as automotive, pharmaceuticals, and aerospace are adopting connected tracking technologies to enhance transparency, reduce waste, and meet traceability standards. Companies are integrating IoT with blockchain and edge computing for secure and efficient asset management. Initiatives around green logistics, circular economy, and digital transformation further support the expansion of the IoT ecosystem across the region, creating opportunities for hardware vendors, software providers, and system integrators.
Key Market Insights
- The IoT-based asset tracking and monitoring market is rapidly expanding due to increasing demand for real-time visibility across logistics, manufacturing, healthcare, and field services. Businesses are leveraging connected sensors and GPS technologies to improve asset utilization and reduce operational losses.
- Cloud integration plays a vital role in enabling scalable and centralized platforms for asset data management. These systems support remote monitoring, predictive analytics, and automated alerts that help organizations make informed decisions in real time.
- RFID and Bluetooth Low Energy (BLE) tags are becoming widely adopted for indoor tracking of movable assets, especially in warehouse and healthcare environments. These technologies provide cost-effective solutions for large-scale deployment with minimal infrastructure requirements.
- The integration of Artificial Intelligence (AI) and Machine Learning (ML) with IoT platforms is enhancing asset intelligence. This enables advanced functions such as predictive maintenance, anomaly detection, and route optimization for mobile assets.
- IoT-based tracking systems are increasingly used in cold chain logistics to monitor temperature-sensitive goods. Real-time temperature and humidity monitoring helps ensure regulatory compliance and prevents spoilage during transit or storage.
- Security and data privacy concerns are prompting the adoption of edge computing and blockchain technologies in asset tracking systems. These measures help secure data transmission, validate asset ownership, and reduce reliance on centralized servers.
- Telematics-based asset tracking is gaining traction in fleet management, enabling fuel optimization, driver behavior monitoring, and route planning. This contributes to reduced operating costs and enhanced vehicle safety.
- Smart asset monitoring in construction and mining industries is helping to manage expensive equipment and tools. IoT platforms reduce idle time, detect unauthorized movement, and ensure efficient equipment scheduling across project sites.
- The rise in remote work and decentralized operations is driving enterprises to monitor IT assets, infrastructure components, and mobile devices in distributed environments using cloud-based IoT tracking platforms.
- Government regulations and compliance standards, especially in pharmaceuticals and food logistics, are accelerating the demand for tamper-proof, traceable asset monitoring systems. IoT platforms help meet these standards by maintaining detailed audit trails and shipment logs.
Report Scope
| Parameter | IoT-based Asset Tracking And Monitoring Market scope Detail |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2026-2032 |
| Market Size-Units | USD billion |
| Market Splits Covered | By Product, By Application, By End User and By Technology |
| Countries Covered | North America (USA, Canada, Mexico) |
| Analysis Covered | Latest Trends, Driving Factors, Challenges, Trade Analysis, Price Analysis, Supply-Chain Analysis, Competitive Landscape, Company Strategies |
| Customization | 10% free customization (up to 10 analyst hours) to modify segments, geographies, and companies analyzed |
| Post-Sale Support | 4 analyst hours, available up to 4 weeks |
| Delivery Format | The Latest Updated PDF and Excel Data file |
Iot Based Asset Tracking Monitoring Market Segments Covered In The Report
By Connectivity Type
- Wi-Fi
- Bluetooth
- Cellular
- NB-IoT
- LoRa
- SigFox
- UWB
- GNSS
- Other Connectivity Types
By Technology
- Device Management
- Application Management
- Network Management
By Application
- Livestock Monitoring
- Automotive
- Railways
- Aviation
- Manufacturing
- Cold Chain Monitoring
- Other Applications
By Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Key Companies Covered
Quectel Wireless Solution Co. Ltd., Fibocom Wireless Inc., Sierra Wireless Inc., Telit Corporate Group, u-blox AG, Sequans Communications S.A., Nordic Semiconductor ASA, GosuncnWelink Corporation, Laird Connectivity LLC, Thales Group, Semtech Corporation, Mediatek Inc., Analog Devices Inc., HiSilicon Technologies Co. Ltd., Skyworks Solutions Inc., MeiG Smart Technology Co. Ltd., NXP Semiconductors N.V., Infineon Technologies India Private Ltd, STMicroelectronics N.V., Texas Instruments Incorporated, Samsung Electronics Co.Ltd., LG Electronics Inc., Micron Technology Inc., SMART Modular Technologies Inc., Kingston Technology Company Inc., Western Digital Corporation, Seagate Technology plc, Renesas Electronics Corporation, Panasonic Holdings Corporation, Toshiba Corporation
Recent Industry Developments
July 2025: Hoopo introduced its hoopoSense Titan, a device combining radar-based container detection and breadcrumb tracking to improve fleet visibility and automate operations. The solution won an industry award for innovation in IoT asset tracking.
June 2025: Smartpin launched a self-service SaaS platform designed to track unpowered assets at scale using Bluetooth signals. The platform eliminates the need for fixed infrastructure or sales interaction, supporting easy deployment across industries.
May 2025: UnaBiz unveiled DIS-Echo, a low-power tracking solution built on Sigfox 0G and beaconing technologies. The device is aimed at providing scalable, affordable asset monitoring for supply chains and industrial use cases.
June 2024: Vodafone’s subsidiary grandcentrix introduced an Asset Tracker tailored for construction equipment. The solution emphasizes durability and precision, catering to rugged operating environments and remote location monitoring.
Who can benefit from this research
The research would help top management/strategy formulators/business/product development/sales managers and investors in this market in the following ways
1. The report provides 2024 Iot Based Asset Tracking Monitoring market sales data at the global, regional, and key country levels with a detailed outlook to 2034, allowing companies to calculate their market share and analyze prospects, uncover new markets, and plan market entry strategy.
2. The research includes the Iot Based Asset Tracking Monitoring market split into different types and applications. This segmentation helps managers plan their products and budgets based on the future growth rates of each segment
3. The Iot Based Asset Tracking Monitoring market study helps stakeholders understand the breadth and stance of the market giving them information on key drivers, restraints, challenges, and growth opportunities of the market and mitigating risks
4. This report would help top management understand competition better with a detailed SWOT analysis and key strategies of their competitors, and plan their position in the business
5. The study assists investors in analyzing Iot Based Asset Tracking Monitoring business prospects by region, key countries, and top companies' information to channel their investments.
1. Table of Contents
1.1 List of Tables
1.2 List of Figures
2. Iot Based Asset Tracking Monitoring Market Latest Trends, Drivers and Challenges, 2024 - 2034
2.1 Iot Based Asset Tracking Monitoring Market Overview
2.2 Market Strategies of Leading Iot Based Asset Tracking Monitoring Companies
2.3 Iot Based Asset Tracking Monitoring Market Insights, 2024 - 2034
2.3.1 Leading Iot Based Asset Tracking Monitoring Types, 2024 - 2034
2.3.2 Leading Iot Based Asset Tracking Monitoring End-User industries, 2024 - 2034
2.3.3 Fast-Growing countries for Iot Based Asset Tracking Monitoring sales, 2024 - 2034
2.4 Iot Based Asset Tracking Monitoring Market Drivers and Restraints
2.4.1 Iot Based Asset Tracking Monitoring Demand Drivers to 2034
2.4.2 Iot Based Asset Tracking Monitoring Challenges to 2034
2.5 Iot Based Asset Tracking Monitoring Market- Five Forces Analysis
2.5.1 Iot Based Asset Tracking Monitoring Industry Attractiveness Index, 2024
2.5.2 Threat of New Entrants
2.5.3 Bargaining Power of Suppliers
2.5.4 Bargaining Power of Buyers
2.5.5 Intensity of Competitive Rivalry
2.5.6 Threat of Substitutes
3. Global Iot Based Asset Tracking Monitoring Market Value, Market Share, and Forecast to 2034
3.1 Global Iot Based Asset Tracking Monitoring Market Overview, 2024
3.2 Global Iot Based Asset Tracking Monitoring Market Revenue and Forecast, 2024 - 2034 (US$ billion)
3.3 Global Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Connectivity Type, 2024 - 2034
3.4 Global Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Technology, 2024 - 2034
3.5 Global Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Application, 2024 – 2034
3.6 Global Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Segment4, 2024 - 2034
3.7 Global Iot Based Asset Tracking Monitoring Market Size and Share Outlook by Region, 2024 - 2034
4. Asia Pacific Iot Based Asset Tracking Monitoring Market Value, Market Share and Forecast to 2034
4.1 Asia Pacific Iot Based Asset Tracking Monitoring Market Overview, 2024
4.2 Asia Pacific Iot Based Asset Tracking Monitoring Market Revenue and Forecast, 2024 - 2034 (US$ billion)
4.3 Asia Pacific Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Connectivity Type, 2024 - 2034
4.4 Asia Pacific Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Technology, 2024 - 2034
4.5 Asia Pacific Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Application, 2024 – 2034
4.6 Asia Pacific Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Segment4, 2024 - 2034
4.7 Asia Pacific Iot Based Asset Tracking Monitoring Market Size and Share Outlook by Country, 2024 - 2034
5. Europe Iot Based Asset Tracking Monitoring Market Value, Market Share, and Forecast to 2034
5.1 Europe Iot Based Asset Tracking Monitoring Market Overview, 2024
5.2 Europe Iot Based Asset Tracking Monitoring Market Revenue and Forecast, 2024 - 2034 (US$ billion)
5.3 Europe Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Connectivity Type, 2024 - 2034
5.4 Europe Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Technology, 2024 - 2034
5.5 Europe Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Application, 2024 – 2034
5.6 Europe Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Segment4, 2024 - 2034
5.7 Europe Iot Based Asset Tracking Monitoring Market Size and Share Outlook by Country, 2024 - 2034
6. North America Iot Based Asset Tracking Monitoring Market Value, Market Share and Forecast to 2034
6.1 North America Iot Based Asset Tracking Monitoring Market Overview, 2024
6.2 North America Iot Based Asset Tracking Monitoring Market Revenue and Forecast, 2024 - 2034 (US$ billion)
6.3 North America Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Connectivity Type, 2024 - 2034
6.4 North America Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Technology, 2024 - 2034
6.5 North America Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Application, 2024 – 2034
6.6 North America Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Segment4, 2024 - 2034
6.7 North America Iot Based Asset Tracking Monitoring Market Size and Share Outlook by Country, 2024 - 2034
7. South and Central America Iot Based Asset Tracking Monitoring Market Value, Market Share and Forecast to 2034
7.1 South and Central America Iot Based Asset Tracking Monitoring Market Overview, 2024
7.2 South and Central America Iot Based Asset Tracking Monitoring Market Revenue and Forecast, 2024 - 2034 (US$ billion)
7.3 South and Central America Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Connectivity Type, 2024 - 2034
7.4 South and Central America Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Technology, 2024 - 2034
7.5 South and Central America Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Application, 2024 – 2034
7.6 South and Central America Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Segment4, 2024 - 2034
7.7 South and Central America Iot Based Asset Tracking Monitoring Market Size and Share Outlook by Country, 2024 - 2034
8. Middle East Africa Iot Based Asset Tracking Monitoring Market Value, Market Share and Forecast to 2034
8.1 Middle East Africa Iot Based Asset Tracking Monitoring Market Overview, 2024
8.2 Middle East and Africa Iot Based Asset Tracking Monitoring Market Revenue and Forecast, 2024 - 2034 (US$ billion)
8.3 Middle East Africa Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Connectivity Type, 2024 - 2034
8.4 Middle East Africa Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Technology, 2024 - 2034
8.5 Middle East Africa Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Application, 2024 – 2034
8.6 Middle East Africa Iot Based Asset Tracking Monitoring Market Size and Share Outlook By Segment4, 2024 - 2034
8.7 Middle East Africa Iot Based Asset Tracking Monitoring Market Size and Share Outlook by Country, 2024 - 2034
9. Iot Based Asset Tracking Monitoring Market Structure
9.1 Key Players
9.2 Iot Based Asset Tracking Monitoring Companies - Key Strategies and Financial Analysis
9.2.1 Snapshot
9.2.3 Business Description
9.2.4 Products and Services
9.2.5 Financial Analysis
10. Iot Based Asset Tracking Monitoring Industry Recent Developments
11 Appendix
11.1 Publisher Expertise
11.2 Research Methodology
11.3 Annual Subscription Plans
11.4 Contact Information
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FAQ's
The Global Iot Based Asset Tracking Monitoring Market is estimated to generate USD 7.19 billion in revenue in 2025.
The Global Iot Based Asset Tracking Monitoring Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 10.88% during the forecast period from 2025 to 2034.
The Iot Based Asset Tracking Monitoring Market is estimated to reach USD 18.21 billion by 2034.
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