US IoT based Asset Tracking and Monitoring Market (2025-2031) | Revenue, Size, Companies, Outlook, Analysis, Share, Forecast, Growth, Trends, Value & Industry

US IoT based Asset Tracking and Monitoring Market Highlights

Report Name	US IoT based Asset Tracking and Monitoring Market
Forecast period	2025-2031
CAGR	14.6%
Growing Sector	Automotive

Topics Covered in the US IoT based Asset Tracking and Monitoring Market Report

The US IoT based Asset Tracking and Monitoring market report thoroughly covers the market by connectivity type, by application and competitive Landscape. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

US IoT based Asset Tracking and Monitoring Market Synopsis

The US IoT based Asset Tracking and Monitoring market is witnessing substantial growth, driven by the increasing need for operational efficiency and the growing demand for real-time tracking solutions across various industry sectors. IoT, or the Internet of Things, leverages a network of sensors and devices to collect, send, and receive data, enabling businesses to monitor their assets with unparalleled precision and efficiency. This technology plays a pivotal role in streamlining operations, minimizing asset loss, and enhancing the decision-making process, thereby contributing significantly to the overall productivity and profitability of businesses. Additionally, emerging trends in the US IoT based Asset Tracking and Monitoring market include the integration of advanced analytics and AI technologies. These advancements are not only improving the accuracy of asset tracking but also enabling predictive maintenance, which can foresee equipment failures before they occur. Additionally, the adoption of 5G technology is set to revolutionize this sector by offering faster, more reliable connections, thereby facilitating more efficient data transmission and processing. Such innovations are expected to further enhance operational competencies, providing businesses with a competitive edge in their respective industries.

According to 6Wresearch, US IoT based Asset Tracking and Monitoring market size is projected to grow at a CAGR of 14.6% during 2025-2031. Several key factors fuel the growth of the US IoT based Asset Tracking and Monitoring market. Firstly, the surge in demand for supply chain visibility and asset management accuracy among businesses is a primary catalyst. This is due to the increasingly complex logistics and supply chain networks that necessitate advanced solutions for tracking and monitoring to ensure efficiency and security. Secondly, regulatory compliance and the need for better risk management push companies to adopt IoT-based tracking systems, as they provide detailed data insights and reporting capabilities required to meet stringent regulations across industries. Lastly, the reduction in IoT device costs and the availability of cloud-based platforms have lowered the barrier for small and medium-sized enterprises (SMEs) to adopt this technology, significantly expanding the market's potential customer base.

Government Initiatives Introduced in the US IoT based Asset Tracking and Monitoring Market

Government initiatives play a significant role in accelerating the adoption of IoT-based asset tracking and monitoring systems within the United States. Federal and state governments have launched various programs and regulations designed to enhance the nation's infrastructure, supply chains, and overall economic security through advanced technologies. For instance, grants for smart cities incorporate IoT technologies to improve public services and infrastructure management. Compatibly, these efforts have enhanced the US IoT based Asset Tracking and Monitoring Market Share. Additionally, regulatory bodies are increasingly focusing on setting standards and frameworks for data security and privacy in IoT applications. This not only fosters a safer environment for IoT deployment but also builds trust among enterprises and consumers alike, further stimulating market growth.

Key Players in the US IoT based Asset Tracking and Monitoring Market

Key companies in the IoT-based asset tracking and monitoring market include industry giants such as IBM, Cisco Systems, Inc., and AT&T. These corporations lead the way in providing comprehensive asset management solutions that integrate advanced analytics, real-time tracking, and security features tailored to the needs of both large enterprises and SMEs. In addition, the firms’ clutch massive US IoT based Asset Tracking and Monitoring Market Revenues.  Further, their relentless pursuit of innovation, coupled with strategic partnerships and acquisitions, allows them to stay at the forefront of technological advancements in IoT, further enhancing their offerings and expanding their reach in the global market.

Future Insights of the US IoT based Asset Tracking and Monitoring Market

The future of IoT-based asset tracking and monitoring systems is poised for exponential growth, driven by continuous technological innovation and increasing demand across diverse sectors. The integration of Artificial Intelligence (AI) and Machine Learning (ML) with IoT devices is expected to enhance the efficiency and accuracy of asset tracking, enabling predictive maintenance and anomaly detection in real-time. Furthermore, the advent of 5G technology will significantly improve connectivity, speed, and data processing capabilities, allowing for more complex and reliable asset management solutions. As businesses and governments continue to recognize the value of IoT in optimizing operations, improving security, and reducing costs, the adoption of IoT-based asset tracking and monitoring systems is set to soar, marking a new era of digital transformation in asset management.

Market Analysis by Connectivity Type

According to Ravi Bhandari, Research Head, 6Wresearch, the connectivity options for IoT-based asset tracking and monitoring systems are diverse, each with its own set of advantages. Wi-Fi is widely used for its high-speed data transfer and extensive coverage within buildings. Bluetooth, particularly Bluetooth Low Energy (BLE), offers a cost-effective solution for short-range communication, ideal for indoor location tracking. Cellular connectivity, including 4G and the emerging 5G networks, provides robust, long-range communication capabilities across geographies, making it suitable for tracking assets in transit. Narrowband IoT (NB-IoT) and Long Range (LoRa) are both designed for low power consumption and deep penetration, perfect for remote asset tracking. SigFox operates on a low-power, wide-area network (LPWAN), offering cost-efficient solutions for transmitting small amounts of data over long distances. Finally, Ultra-Wideband (UWB) technology is renowned for its high accuracy in real-time location tracking, especially in dense industrial environments where precision is crucial. Each of these connectivity options plays a critical role in enabling comprehensive and reliable asset tracking and monitoring solutions.

Market Analysis by Application

The applications for IoT-based asset tracking and monitoring systems span a diverse range of industries, each benefiting from the enhanced visibility and management of assets. Livestock Monitoring allows farmers to keep tabs on the health and location of their animals, optimizing herd management and ensuring timely medical intervention. In the Automotive industry, IoT enables real-time tracking of vehicles for fleet management, theft prevention, and predictive maintenance. Railways use IoT technology for monitoring the condition of equipment and infrastructure, improving safety and efficiency in operations. Aviation relies on IoT for tracking luggage, equipment, and even aircraft parts, enhancing operational reliability and passenger satisfaction. Lastly, Manufacturing facilities leverage IoT for inventory management, equipment monitoring, and optimizing production lines, driving significant improvements in efficiency and productivity.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024.
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• US IoT based Asset Tracking and Monitoring Market Overview
• US IoT based Asset Tracking and Monitoring Market Outlook
• US IoT based Asset Tracking and Monitoring Market Forecast
• Market Size of US IoT based Asset Tracking and Monitoring Market, 2024
• Forecast of US IoT based Asset Tracking and Monitoring Market, 2031
• Historical Data and Forecast of US IoT based Asset Tracking and Monitoring Revenues & Volume for the Period 2021 - 2031
• US IoT based Asset Tracking and Monitoring Market Trend Evolution
• US IoT based Asset Tracking and Monitoring Market Drivers and Challenges
• US IoT based Asset Tracking and Monitoring Price Trends
• US IoT based Asset Tracking and Monitoring Porter's Five Forces
• US IoT based Asset Tracking and Monitoring Industry Life Cycle
• Historical Data and Forecast of US IoT based Asset Tracking and Monitoring Market Revenues & Volume By Connectivity Type for the Period 2021 - 2031
• Historical Data and Forecast of US IoT based Asset Tracking and Monitoring Market Revenues & Volume By Wi-Fi for the Period 2021 - 2031
• Historical Data and Forecast of US IoT based Asset Tracking and Monitoring Market Revenues & Volume By Bluetooth for the Period 2021 - 2031
• Historical Data and Forecast of US IoT based Asset Tracking and Monitoring Market Revenues & Volume By Cellular for the Period 2021 - 2031
• Historical Data and Forecast of US IoT based Asset Tracking and Monitoring Market Revenues & Volume By NB-IoT for the Period 2021 - 2031
• Historical Data and Forecast of US IoT based Asset Tracking and Monitoring Market Revenues & Volume By LoRa for the Period 2021 - 2031
• Historical Data and Forecast of US IoT based Asset Tracking and Monitoring Market Revenues & Volume By SigFox for the Period 2021 - 2031
• Historical Data and Forecast of US IoT based Asset Tracking and Monitoring Market Revenues & Volume By UWB for the Period 2021 - 2031
• Historical Data and Forecast of US Wi-Fi IoT based Asset Tracking and Monitoring Market Revenues & Volume By GNSS for the Period 2021 - 2031
• Historical Data and Forecast of US IoT based Asset Tracking and Monitoring Market Revenues & Volume By Application for the Period 2021 - 2031
• Historical Data and Forecast of US IoT based Asset Tracking and Monitoring Market Revenues & Volume By Livestock Monitoring for the Period 2021 - 2031
• Historical Data and Forecast of US IoT based Asset Tracking and Monitoring Market Revenues & Volume By Automotive for the Period 2021 - 2031
• Historical Data and Forecast of US IoT based Asset Tracking and Monitoring Market Revenues & Volume By Railways for the Period 2021 - 2031
• Historical Data and Forecast of US IoT based Asset Tracking and Monitoring Market Revenues & Volume By Aviation for the Period 2021 - 2031
• Historical Data and Forecast of US IoT based Asset Tracking and Monitoring Market Revenues & Volume By Manufacturing for the Period 2021 - 2031
• Historical Data and Forecast of US IoT based Asset Tracking and Monitoring Market Revenues & Volume By Cold Chain Monitoring for the Period 2021 - 2031
• Historical Data and Forecast of US IoT based Asset Tracking and Monitoring Market Revenues & Volume, By Others for the Period 2021 - 2031
• US IoT based Asset Tracking and Monitoring Import Export Trade Statistics
• Market Opportunity Assessment, By Connectivity Type
• Market Opportunity Assessment, By Application
• US IoT based Asset Tracking and Monitoring Top Companies Market Share
• US IoT based Asset Tracking and Monitoring Competitive Benchmarking, By Technical and Operational Parameters
• US IoT based Asset Tracking and Monitoring Company Profiles
• US IoT based Asset Tracking and Monitoring Key Strategic Recommendations

Markets Covered

The US IoT based Asset Tracking and Monitoring market report provides a detailed analysis of the following market segments:

By Connectivity Type

• Wi-Fi
• Bluetooth
• Cellular
• NB-IoT
• LoRa
• SigFox
• UWB
• GNSS

By Application

• Livestock Monitoring
• Automotive
• Railways
• Aviation
• Manufacturing
• Cold Chain Monitoring
• Others