Asset Tracking Market Size, Share, & Trends Analysis Report By Component (Hardware, Software, Services), By Technology (RFID, M2M/IoT, GPS), By Deployment, By Enterprise Size, By End Use, By Region, And Segment Forecasts, 2025 - 2030

Asset Tracking Market Summary

The global asset tracking market size was estimated at USD 24.14 billion in 2024, and is projected to reach USD 51.59 billion by 2030, growing at a CAGR of 14.9% from 2025 to 2030. driven by the global surge in supply chain digitization and operational efficiency demands.

Businesses across industries are adopting IoT-enabled tracking solutions to monitor assets in real-time, reducing losses and optimizing logistics. The rise of e-commerce and omnichannel retail has intensified the need for end-to-end visibility, with companies deploying RFID, GPS, and Bluetooth Low Energy (BLE) tags to track shipments from warehouses to last-mile delivery. The post-pandemic emphasis on resilient supply chains further accelerates adoption, as firms prioritize inventory accuracy and asset utilization analytics to mitigate disruptions.

The advancement of wireless connectivity technologies, particularly 5G and LPWAN (Low-Power Wide-Area Network) also contributes to the growth of asset tracking industry. These networks enable seamless, low-latency tracking of high-value assets, such as construction equipment, medical devices, and manufacturing tools, across large geographic areas. The integration of AI and predictive analytics into tracking platforms allows businesses to anticipate maintenance needs and prevent theft or misplacement, enhancing asset lifecycle management. In addition, regulatory compliance requirements in sectors such as pharmaceuticals (DSCSA), aviation (FAA), and automotive (ELD mandates) are pushing organizations to implement audit-ready tracking systems.

The industrial IoT (IIoT) revolution is also fueling growth, with smart factories and warehouses leveraging ultra-wideband (UWB) and sensor fusion technologies for indoor precision tracking. These systems provide centimeter-level accuracy, critical for automated guided vehicles (AGVs), robotic systems, and tool tracking in high-stakes environments. Moreover, sustainability initiatives are prompting firms to adopt asset tracking for circular economy practices, such as monitoring reusable packaging and reducing equipment idle time.

Global Asset Tracking Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global asset tracking market report based on component, technology, deployment, enterprise size, end use, and region:

• Component Outlook (Revenue, USD Billion, 2018 - 2030)
• Hardware
• Software
• Services
• Technology Outlook (Revenue, USD Billion, 2018 - 2030)
• RFID (Radio-Frequency Identification)
• M2M/IoT
• GPS
• Barcode
• Others
• Deployment Outlook (Revenue, USD Billion, 2018 - 2030)
• Cloud
• On-premise
• Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)
• Large Enterprises
• SMEs
• End Use Outlook (Revenue, USD Billion, 2018 - 2030)
• Transportation & Logistics
• Manufacturing
• Healthcare
• Retail & E-commerce
• Aviation
• Government
• Others
• Regional Outlook (Revenue, USD Billion, 2018 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Latin America
• Brazil
• Middle East & Africa
• UAE
• Saudi Arabia
• South Africa