ASIA PACIFIC ASSET TRACKING MARKET FORECAST 2019-2028

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ASIA PACIFIC ASSET TRACKING MARKET FORECAST 2019-2028

The Asia Pacific asset tracking market is estimated to grow with a CAGR of 13.15%, over the forecast years of 2019 to 2028. The region’s market growth is primarily accredited to factors like the increased adoption of artificial intelligence (AI) and the Internet of Things (IoT) in the majority of end-user industries, and the investments of small and medium organizations.

ASIA PACIFIC ASSET TRACKING MARKET FORECAST 2019-2028

Asia Pacific Asset Tracking Market by Type (Hardware (Qr Code/barcode, Rfid, Gps, Ble, Lorawan, Custom Hardware), Software (Cloud, on-premise), Services) by Application (Transportation and Logistics, Healthcare, Manufacturing, Construction, It and Telecommunication, Oil and Gas, Others) and by Geography.

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The Asia Pacific asset tracking market is estimated to grow with a CAGR of 13.15%, over the forecast years of 2019 to 2028. The region’s market growth is primarily accredited to factors like the increased adoption of artificial intelligence (AI) and the Internet of Things (IoT) in the majority of end-user industries, and the investments of small and medium organizations.
asia-pacific-asset-tracking-market-growth

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The Asia Pacific asset tracking market growth is assessed by analyzing China, Australia & New Zealand, South Korea, Vietnam, Japan, India, Thailand, Indonesia, and the rest of the Asia Pacific. China’s logistics services industry is highly fragmented, mainly owing to low entry barriers. This is also observed in the road transportation segment, where companies are inclined to compete based on price. However, advanced logistics services like inventory management, supply chain management, data analytics, and logistics consulting are essentially under-developed, as the majority of logistics service providers are incapable of providing total supply chain management amenities.

According to estimations, China’s third-party logistics service providers generate nearly 85% of their income from essential logistics services, whereas value-added services like financing and information account only for 15% of their income. Moreover, infrastructural improvements and trade agreements, aligning with the Belt and Road initiative, are projected to encourage trading activity among nations, and fuel the demand for logistics services. Thus, such factors are set to augment market growth.

Spireon Inc, headquartered in the United States, is mainly involved in developing fleet and positioning system vehicle tracking devices. It also offers information platforms, deriving powerful insights to protect and manage mobile assets, in addition to software-as-a-service based tools. In February 2020, the company introduced the product, MyDealer 2.0, for Kahu, integrated with new features.

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  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • DEVELOPMENT OF ASSET TRACKING
    • MARKET DEFINITION
    •    KEY DRIVERS
      • RISE IN DEMAND FROM THIRD-PARTY LOGISTICS COMPANIES
      • INCREASED ADOPTION OF IOT DEVICES DURING TRANSPORTATION
      • NEED FOR IMPROVING FLEET PERFORMANCE
    •    KEY RESTRAINTS
      • INITIAL COST OF ASSET TRACKING SOFTWARE IS HIGH
      • PRIVACY CONCERNS
      • LACK OF AWARENESS
  1. KEY ANALYTICS
    • KEY INVESTMENT INSIGHTS
    •    PORTER’S FIVE FORCE ANALYSIS
      • BUYER POWER
      • SUPPLIER POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    •    KEY BUYING CRITERIA
      • ACCESSIBILITY
      • MOBILITY
      • FEATURES
      • SCALABILITY
      • PRICING
      • SUPPORT
    • IMPACT OF COVID-19 ON ASSET TRACKING MARKET
  2. MARKET BY TYPE
    •    HARDWARE
      • QR CODE/BARCODE
      • RFID
      • GPS
      • BLE
      • LORAWAN
      • CUSTOM HARDWARE
    •    SOFTWARE
      • CLOUD
      • ON-PREMISE
    • SERVICES
  3. MARKET APPLICATION
    • TRANSPORTATION AND LOGISTICS
    • HEALTHCARE
    • MANUFACTURING
    • CONSTRUCTION
    • IT AND TELECOMMUNICATION
    • OIL AND GAS
    • OTHERS
  4. GEOGRAPHICAL ANALYSIS
    •    ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • INDONESIA
      • THAILAND
      • VIETNAM
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
  1. COMPANY PROFILES
    • ASSET PANDA LLC
    • AT & T INC
    • AZUGA
    • CLOUDHAWK
    • FLEET COMPLETE
    • GIGATRAK
    • HILTI
    • ONASSET INTELLIGENCE INC
    • ORACLE CORPORATION
    • SPIREON INC
    • TENNA
    • TRIMBLE INC
    • UBISENSE GROUP PLC
    • VERIZON COMMUNICATIONS INC
    • ZEBRA TECHNOLOGIES CORPORATION

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – ASSET TRACKING

TABLE 2: ASIA PACIFIC ASSET TRACKING MARKET, BY TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 3: ASIA PACIFIC ASSET TRACKING MARKET, BY TYPE, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 4: ASIA PACIFIC ASSET TRACKING MARKET, BY HARDWARE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 5: ASIA PACIFIC ASSET TRACKING MARKET, BY HARDWARE, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 6: ASIA PACIFIC ASSET TRACKING MARKET, BY SOFTWARE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 7: ASIA PACIFIC ASSET TRACKING MARKET, BY SOFTWARE, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 8: ASIA PACIFIC ASSET TRACKING MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 9: ASIA PACIFIC ASSET TRACKING MARKET, BY APPLICATION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 10: ASIA PACIFIC ASSET TRACKING MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 11: ASIA PACIFIC ASSET TRACKING MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: KEY BUYING CRITERIA

FIGURE 6: ASIA PACIFIC ASSET TRACKING MARKET, GROWTH POTENTIAL, BY TYPE, IN 2019

FIGURE 7: ASIA PACIFIC ASSET TRACKING MARKET, BY HARDWARE, 2019-2028 (IN $ MILLION)

FIGURE 8: ASIA PACIFIC ASSET TRACKING MARKET, GROWTH POTENTIAL, BY HARDWARE, IN 2019

FIGURE 9: ASIA PACIFIC ASSET TRACKING MARKET, BY QR CODE/BARCODE, 2019-2028 (IN $ MILLION)

FIGURE 10: ASIA PACIFIC ASSET TRACKING MARKET, BY RFID, 2019-2028 (IN $ MILLION)

FIGURE 11: ASIA PACIFIC ASSET TRACKING MARKET, BY GPS, 2019-2028 (IN $ MILLION)

FIGURE 12: ASIA PACIFIC ASSET TRACKING MARKET, BY BLE, 2019-2028 (IN $ MILLION)

FIGURE 13: ASIA PACIFIC ASSET TRACKING MARKET, BY LORAWAN, 2019-2028 (IN $ MILLION)

FIGURE 14: ASIA PACIFIC ASSET TRACKING MARKET, BY CUSTOM HARDWARE, 2019-2028 (IN $ MILLION)

FIGURE 15: ASIA PACIFIC ASSET TRACKING MARKET, BY SOFTWARE, 2019-2028 (IN $ MILLION)

FIGURE 16: ASIA PACIFIC ASSET TRACKING MARKET, GROWTH POTENTIAL, BY SOFTWARE, IN 2019

FIGURE 17: ASIA PACIFIC ASSET TRACKING MARKET, BY CLOUD, 2019-2028 (IN $ MILLION)

FIGURE 18: ASIA PACIFIC ASSET TRACKING MARKET, BY ON-PREMISE, 2019-2028 (IN $ MILLION)

FIGURE 19: ASIA PACIFIC ASSET TRACKING MARKET, BY SERVICES, 2019-2028 (IN $ MILLION)

FIGURE 20: ASIA PACIFIC ASSET TRACKING MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2019

FIGURE 21: ASIA PACIFIC ASSET TRACKING MARKET, BY TRANSPORTATION AND LOGISTICS, 2019-2028 (IN $ MILLION)

FIGURE 22: ASIA PACIFIC ASSET TRACKING MARKET, BY HEALTHCARE, 2019-2028 (IN $ MILLION)

FIGURE 23: ASIA PACIFIC ASSET TRACKING MARKET, BY MANUFACTURING, 2019-2028 (IN $ MILLION)

FIGURE 24: ASIA PACIFIC ASSET TRACKING MARKET, BY CONSTRUCTION, 2019-2028 (IN $ MILLION)

FIGURE 25: ASIA PACIFIC ASSET TRACKING MARKET, BY IT AND TELECOMMUNICATION, 2019-2028 (IN $ MILLION)

FIGURE 26: ASIA PACIFIC ASSET TRACKING MARKET, BY OIL AND GAS, 2019-2028 (IN $ MILLION)

FIGURE 27: ASIA PACIFIC ASSET TRACKING MARKET, BY OTHERS, 2019-2028 (IN $ MILLION)

FIGURE 28: ASIA PACIFIC ASSET TRACKING MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 29: CHINA ASSET TRACKING MARKET, 2019-2028 (IN $ MILLION)

FIGURE 30: JAPAN ASSET TRACKING MARKET, 2019-2028 (IN $ MILLION)

FIGURE 31: INDIA ASSET TRACKING MARKET, 2019-2028 (IN $ MILLION)

FIGURE 32: SOUTH KOREA ASSET TRACKING MARKET, 2019-2028 (IN $ MILLION)

FIGURE 33: INDONESIA ASSET TRACKING MARKET, 2019-2028 (IN $ MILLION)

FIGURE 34: THAILAND ASSET TRACKING MARKET, 2019-2028 (IN $ MILLION)

FIGURE 35: VIETNAM ASSET TRACKING MARKET, 2019-2028 (IN $ MILLION)

FIGURE 36: AUSTRALIA & NEW ZEALAND ASSET TRACKING MARKET, 2019-2028 (IN $ MILLION)

FIGURE 37: REST OF ASIA PACIFIC ASSET TRACKING MARKET, 2019-2028 (IN $ MILLION)

  1. GEOGRAPHICAL ANALYSIS
    •    ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • INDONESIA
      • THAILAND
      • VIETNAM
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
  1. MARKET BY TYPE
    •    HARDWARE
      • QR CODE/BARCODE
      • RFID
      • GPS
      • BLE
      • LORAWAN
      • CUSTOM HARDWARE
    •    SOFTWARE
      • CLOUD
      • ON-PREMISE
    • SERVICES
  2. MARKET APPLICATION
    • TRANSPORTATION AND LOGISTICS
    • HEALTHCARE
    • MANUFACTURING
    • CONSTRUCTION
    • IT AND TELECOMMUNICATION
    • OIL AND GAS
    • OTHERS

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