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3. IoT-based Asset Tracking and Monitoring Companies - Quectel Wireless Solutions Co., Ltd (China) and u-blox (Switzerland) are the Key Players

The global IoT-based asset tracking and monitoring market size is expected to grow from USD 5.0 billion in 2024 to USD 9.2 billion by 2029, at a CAGR of 12.8% from 2024 to 2029. With the growing use of advanced connected devices, companies have started adopting a new generation of systems that enable automatic and real-time interactions among machines, systems, assets, and things. The pervasiveness of connected devices is ?nding applicability across multiple supply chain segments, driving the adoption of IoT-based solutions in many sectors.

As of 2023, Quectel Wireless Solutions Co., Ltd (China), u-blox (Switzerland), Fibocom Wireless Inc. (China), Telit (US), Semtech Corporation (US), Samsara Inc. (US), and SEQUANS (France) are some of the notable players in this market.

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Major IoT-based Asset Tracking and Monitoring companies include:

• Quectel Wireless Solutions Co., Ltd (China)
• u-blox (Switzerland)
• Fibocom Wireless Inc. (China)
• Telit (US)
• Semtech Corporation (US)
• Samsara Inc. (US)
• SEQUANS (France)

Quectel Wireless Solutions Co., Ltd

Quectel Wireless Solutions Co., Ltd offers global navigation satellite system and cellular modules for a several cellular technologies, such as 5G, NB-IoT/LTE-M, LTE/LTE-A, and Global System for Mobile Communications (GSM)/General Packet Radio Service (GPRS). The company provides a wide range of IoT modules which are being used in several M2M/IoT applications, such as smart transportation, smart energy, smart cities, wireless gateways, medical devices, public safety, agricultural equipment, and environment monitoring. The company has global presence across Asia Pacific, Europe, Middle East and Africa, South America, and North America.

u-blox

u-blox is a global supplier of wireless communication technologies for industrial and consumer electronics verticals. The company has two operating segments namely Positioning and Wireless Products, and Wireless services. The company offers IoT-based asset tracking and monitoring products under the Positioning and Wireless Products. Its product and solution portfolios comprise chips, modules, and related data services. In 2016, u-blox pioneered its module, LARA-R3121, with its proprietary UBX-R3 LTE modern technology and integrated GNSS. Also, it launched the NB-IoT module and SARA-N2. The company has presence in 33 locations, over 3 continents with 17 research and development facilities.

Fibocom Wireless Inc.

Fibocom Wireless Inc. is one of the major providers of IoT wireless solutions and wireless communication modules such as 5G, 4G, NB-IoT, 3G and 2G IoT modules. The application areas of these cellular IoT modules include Always Connected PCs (ACPCs), IIoT, smart grids, smart homes, smart agriculture, smart cities, telemedicine, metering, smart security surveillance, and intelligent connected cars. The company has R&D centers in Shenzhen and Xian, China. Fibocom has 13+ global subsidiaries and local offices across North America, Europe, South America and Asia Pacific. Besides, it has a wide network of distributors and resellers across 100+ countries.

Related Reports:

IoT-based Asset Tracking and Monitoring Market by Connectivity Type (Wi-Fi, Bluetooth, Cellular, NB-IoT, LoRa, SigFox, UWB, GNSS, ZigBee, Thread), Monitoring Type (Indoor, Outdoor), Application (Manufacturing, Automotive), Region - Global Forecast to 2029

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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