The global asset tracking market stood at a value of USD 31.89 Million in 2025. The market is further expected to grow at a CAGR of 17.20% in the forecast period of 2026-2035 to attain a value of above USD 155.93 Million by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
17.2%
Value in USD Million
2026-2035
*this image is indicative*
| Global Asset Tracking Market Report Summary | Description | Value |
| Base Year | USD Million | 2025 |
| Historical Period | USD Million | 2019-2025 |
| Forecast Period | USD Million | 2026-2035 |
| Market Size 2025 | USD Million | 31.89 |
| Market Size 2035 | USD Million | 155.93 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 17.20% |
| CAGR 2026-2035 - Market by Region | Asia Pacific | 22.7% |
| CAGR 2026-2035 - Market by Country | India | 26.0% |
| CAGR 2026-2035 - Market by Country | China | 21.7% |
| CAGR 2026-2035 - Market by Component | Hardware | 19.3% |
| CAGR 2026-2035 - Market by End User | Transportation & Logistics | 19.8% |
| Market Share by Country 2025 | USA | XX% |
Based on deployment type, the cloud-based segment accounts for a significant share in the market and is anticipated to witness steady growth in the forecast period. The cloud-based software provides significant advantages, including security, value for time and money, data centralisation, and accuracy, among others. Additionally, the growing awareness about the cost-efficiency offered by the cloud-based systems compared to buying systems, hard disks, among others, is also estimated to add to the market growth. Cloud-based software can run on a simple laptop, saving a lot of money.
The asset tracking industry in North America is driven by the strong manufacturing and transportation, and logistics base in the region. For instance, in countries like the United States, the Federal Highway Administration (FHWA), along with the American Association of State Highway and Transportation Officials (AASHTO) and state and local departments of transportation (DOTs) are increasingly deploying asset management solutions. This can be attributed to the benefits of improved operational efficiency and productivity offered by these solutions. Over the forecast period, the emergence ofa highly skilled workforce in the logistics market, along with the technological advancements in the transportation sector, is likely to augment the market growth in the region in the forecast period.
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Asset tracking is defined as a method used to track physical assets either by scanning the attached barcode labels or with the use of tags through GPS or RFID, which denotes their location. Asset tracking helps in the efficient inventory management, as it allows an organisation to monitor and locate its assets in real time. In addition, the asset tracking systems help reduce the instances of losses and improve accountability, thereby enhancing the overall customer experience.
Based on component, the market is segmented into:
On the basis of deployment type, the industry is divided into:
The major end-uses of asset tracking include:
Market Breakup by Region:
| CAGR 2026-2035 - Market by | Component |
| Hardware | 19.3% |
| Software | 15.8% |
| CAGR 2026-2035 - Market by | End User |
| Transportation & Logistics | 19.8% |
| Healthcare | 18.7% |
| Manufacturing | 17.9% |
| Retail & E-commerce | 16.8% |
| Government | 15.8% |
| CAGR 2026-2035 - Market by | Region |
| Asia Pacific | 22.7% |
| Middle East and Africa | 18.9% |
| Latin America | 16.7% |
| North America | 14.4% |
| Europe | 13.4% |
| CAGR 2026-2035 - Market by | Country |
| India | 26.0% |
| China | 21.7% |
| Saudi Arabia | 19.9% |
| Brazil | 19.1% |
| Canada | 16.5% |
| Mexico | 16.3% |
| UK | 16.0% |
| Australia | 15.4% |
| USA | 14.2% |
| Japan | 13.5% |
| Germany | 12.9% |
| France | 12.2% |
| Italy | 11.0% |
The global asset tracking industry is being driven by its growing use in the healthcare sector. This can be attributed to the growing demand for medical equipment and upgraded surgical equipment in hospitals, ambulatory surgical centres, clinics, and medical camps. In addition, the growing requirement for improved asset lifecycle maintenance, efficient security, and stringent asset management protocols is leading to the increased deployment of asset tracking systems in the industry. Over the forecast period, the thriving food and beverage industry in emerging economies of the world is likely to support the market growth in the forecast period.
The report gives a detailed analysis of the following key players in the global asset tracking market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model, along with a SWOT analysis.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the global asset tracking market attained a value of more than USD 31.89 Million.
The market is estimated to grow at a CAGR of 17.20% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach above USD 155.93 Million by 2035.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the industry, such as the growing adoption of cloud-based services, thriving transportation and logistics sector, rapid digitalisation, and growing use of the asset tracking system in various industries including food and beverage, healthcare, and aviation, among others, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the rapid technological advancements, which include the upgradation and incorporation of new features in the cloud-based software.
Hardware and software are the major components of the product.
Cloud based and on-premise are the different market divisions, based on deployment type.
Transportation and logistics, aviation, healthcare, manufacturing, and food and beverages, among others are the significant end-uses of the product.
The major players in the industry are Actsoft, Inc., Asset Monitoring Solutions Group Ltd., Oracle Corporation, Trimble Inc., Zebra Technologies Corporation, Gosafe Company Ltd., Particle Industries, Inc., EROAD Inc., Hilti Corporation, and Velos IoT Jersey Limited, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Deployment Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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