Global Airport Asset Tracking Services
Market Report
2025
According to Cognitive Market Research, the Global Airport asset tracking services market was estimated at USD 0.4 billion in 2022 and will grow at a CAGR of 6.2% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Airport Asset Tracking Services Market Report 2025.
According to Cognitive Market Research, the Global Airport asset tracking services market was estimated at USD 0.4 billion in 2022 and will grow at a CAGR of 6.2% from 2023 to 2030.
2024 | 2025 | 2032 | 2033 | CAGR | |
---|---|---|---|---|---|
Global Airport Asset Tracking Services Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 6.2% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Offering |
|
Market Split by Asset Type |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Report scope is customizable as we have a huge database of Airport Asset Tracking Services industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Airport Asset Tracking Services Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The global growth of the airport asset tracking services market is propelled by an increasing emphasis on operational efficiency, passenger safety, and seamless travel experiences within the aviation industry. The airport asset tracking services market is growing globally due to a focus on operational efficiency, passenger safety, and seamless travel in aviation. Airports are adopting advanced tracking tech like IoT sensors and AI analytics to manage assets like baggage, cargo, and equipment, improving resource allocation, security, and operations. Rising air travel demand and regulatory compliance are driving this trend.
For instance, in March 2022, Spireon played a pivotal role in assisting Summitt Trucking in enhancing asset visibility and operational efficiency, converting data into actionable business intelligence, resulting in substantial yearly savings of USD 644,000.
The airport asset tracking services market is poised for growth driven by the increasing adoption of Internet of Things (IoT) devices for asset tracking. As airports strive to enhance operational efficiency, security, and passenger experiences, integrating IoT devices has become instrumental. These devices, equipped with sensors and connectivity capabilities, offer real-time monitoring and data collection across various assets such as baggage, ground support equipment, and cargo.
Emerging technologies, like asset-tracking intelligence, contribute to informed decision-making across organizational tiers and reshape infrastructure strategies, ensuring the safeguarding and security of diverse corporate assets through IoT-based asset-tracking systems.
Foe instance, in February 2022, Wyld and TrakAssure initiated a collaboration to deliver worldwide LoRaWAN satellite-based IoT connectivity designed for asset tracking. The collaborative solution, Wyld Connect, which features a hybrid LoRaWAN satellite IoT connectivity, will be seamlessly incorporated into TrakAssure's IoT sensors specialized for asset tracking within the supply chain sector.
Technological advancements are poised to drive significant growth in the Airport Asset Tracking Services Market. As innovation continues to reshape industries, airports are embracing cutting-edge technologies such as the artificial intelligence (AI), and real-time data analytics to revolutionize asset management practices. IoT-enabled sensors and devices are becoming increasingly sophisticated, offering precise tracking capabilities for baggage, ground support equipment, and other critical assets. These sensors provide real-time data, allowing airports to monitor assets' locations, conditions, and statuses, streamlining operations, minimizing delays, and enhancing passenger experiences.
In February 2022, Link Labs, a leading player in the comprehensive IoT platform for tagging, locating, and tracking assets and supplies, unveiled a collaboration with Wirepas. This strategic partnership enhances Link Labs' premier solution, Airfinder OnSite, by enabling more effective assistance to businesses across diverse sectors to monitor, manage, and locate work-in-progress, inventory, equipment, packages, and personnel across indoor and outdoor environments. suite tailored to cater to the substantial IoT requirements of various industries.
AI-powered analytics further amplify the impact of asset-tracking services by extracting meaningful insights from the vast amounts of data collected. Predictive maintenance, for instance, becomes possible as AI algorithms analyze historical data to anticipate maintenance needs, reducing downtime and optimizing asset lifespan.
The airport asset tracking services market faces a significant challenge from comparatively lower investments in airports within developing countries. As these nations work to expand their aviation infrastructure and accommodate growing air travel demands, limited funding often translates to restricted resources for adopting advanced asset-tracking solutions. This lack of financial support hampers the integration of sophisticated technologies, hindering these airports' ability to optimize operations, enhance security measures, and offer seamless passenger experiences. Moreover, the asymmetrical development between airports in developed and developing countries creates a disparity in adopting asset-tracking services.
The COVID-19 pandemic profoundly impacted the airport asset tracking services market. As global air travel reached a near standstill due to lockdowns, travel restrictions, and health concerns, airports experienced a great reduction in passenger traffic and cargo volumes. This sudden drop-in activity decreased demand for asset tracking services, as airports faced reduced operational needs and budget constraints. Many ongoing projects related to technology implementation and infrastructure upgrades were delayed or put on hold as airports focused on immediate cost-cutting measures.
We have various report editions of Airport Asset Tracking Services Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
The competitive landscape of the airport asset tracking services market is characterized by a blend of established industry leaders, innovative startups, and tech giants vying for market dominance. These startups often excel in providing specialized tracking solutions that address specific challenges within airport operations, such as baggage handling, ground support equipment monitoring, and cargo tracking.
July 2022: ADVEEZ has created an innovative indoor and outdoor tracking module, enabling precise equipment localization for specific aircraft operations. This technology ensures accuracy within a range of 3 to 5 meters.
(Source:adveez.com/mro/indoor-and-outdoor-assset-tracking-sabena-technics/)
September 2020: Geotab has unveiled a strategic partnership in collaboration with Deloitte Canada and Deloitte Chile. This collaboration entails providing Geotab's products, consultation, and integration services to its existing clientele across Canada and Latin America.
(Source:www.geotab.com/press-release/deloitte/)
Top Companies Market Share in Airport Asset Tracking Services Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2022 and captured a share of more than 35% of the global revenue due to several variables. North America emerged as the dominant player in the Airport Asset Tracking Services Market primarily due to its confluence of advanced technology adoption and robust aviation infrastructure. The region's well-established airports have harnessed cutting-edge tracking solutions to address operational complexities, enhance security measures, and improve passenger experiencesThe region's airports facilitate a significant volume of international flights, necessitating comprehensive and real-time tracking to ensure the smooth flow of passengers and cargo across borders.
According to Cognitive Market Research, United States Airport Asset Tracking Services Market is poised for the fastest growth rate in the North American region during the forecast period due to a confluence of factors, including significant investments in airport infrastructure modernization, a rising trend in air travel demand necessitating efficient tracking solutions, its strategic geographical importance as a global travel hub, proactive government initiatives and regulations, a thriving ecosystem of technological innovation, a commitment to sustainable practices, and collaborative efforts among industry stakeholders.
The Asia Pacific airport, asset tracking services market, is the fastest-growing region due to several compelling dynamics. The region's rapid economic growth, population expansion, and burgeoning middle class have led to a surge in air travel, fostering a heightened demand for efficient airport operations and asset management. As Asia Pacific countries invest significantly in modernizing their aviation infrastructure, there is a pronounced need for cutting-edge asset-tracking solutions to optimize operations, enhance security measures, and elevate passenger experiences. Moreover, the Asia Pacific region's diverse geography and extensive air traffic network necessitate sophisticated asset-tracking systems to effectively manage the complexities of international travel.
The current report Scope analyzes Airport Asset Tracking Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
Global Airport Asset Tracking Services Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Airport Asset Tracking Services Industry growth. Airport Asset Tracking Services market has been segmented with the help of its Offering, Asset Type , and others. Airport Asset Tracking Services market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, hardware offering captured the largest Airport Asset Tracking Services market. The dominance of hardware offerings in the Airport Asset Tracking Services Market is primarily attributed to their foundational significance in enabling accurate and real-time asset tracking. Hardware components, encompassing sensors, tags, beacons, and devices, establish the critical connection between physical assets and digital tracking systems. They capture essential asset location, movement, and condition data, forming the bedrock for efficient resource management, security enhancement, and operational optimization. Hardware's tangible nature provides a visible and practical aspect to asset tracking solutions, instilling stakeholder confidence and facilitating seamless integration into existing airport infrastructure.
Software is the second-most used offering. Software emerges as the second most utilized offering in the Airport Asset Tracking Services Market due to its pivotal role in extracting actionable insights from the data collected by hardware components. While hardware captures real-time information from assets, software translates this raw data into meaningful analytics, enabling airports to make informed decisions for optimizing operations and resource allocation. Advanced software solutions provide features like asset visualization, predictive maintenance, and performance analytics, enhancing operational efficiency, streamlining workflows, and minimizing downtime. Moreover, software offerings often offer customization options, allowing airports to tailor the tracking system to their needs and asset types.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Airport Asset Tracking Services Industry. Request a Free Sample PDF!
Fixed assets are poised to capture the largest market share in the Airport Asset Tracking Services Market due to their fundamental role in airport operations and the imperative for efficient resource management. Fixed assets, such as runways, terminals, hangars, and ground support equipment, constitute the backbone of airport infrastructure. They are increasingly turning to advanced tracking technologies to monitor their condition, usage patterns, and real-time maintenance requirements. This proactive approach enhances operational efficiency and extends these assets' lifespan, contributing to cost savings in the long run. As airports strive for comprehensive asset management to accommodate growing air travel demands, fixed assets emerge as a focal point for investment in asset tracking services, solidifying their leading market share.
According to Cognitive Market Research, mobile assets are the second-most popular product. Mobile assets have secured the position of the second most popular asset type in the Airport Asset Tracking Services Market due to their vital role in facilitating dynamic airport operations and enhancing overall efficiency. Mobile assets encompass a diverse range of equipment, including baggage carts, vehicles, trolleys, and service vehicles, all of which are integral to the seamless movement of passengers, baggage, and cargo within the airport premises. Ensuring these assets' availability, accurate tracking, and timely maintenance is crucial for maintaining optimal airport functionality and delivering satisfactory passenger experiences
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Airport Asset Tracking Services Market is witnessing significant growth in the near future.
In 2023, the Hardware segment accounted for noticeable share of global Airport Asset Tracking Services Market and is projected to experience significant growth in the near future.
The Fixed Assets segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Litum , TracLogik and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Offering | Hardware, Software |
Asset Type | Fixed Assets, Portable Assets, Mobile Assets |
List of Competitors | Litum, Steerpath Ltd, TracLogik, Undagrid B.V, Targa Telematics S.p.A, GeotabInc, indoo.rs GmbH, Tri-Logical Technologies Ltd., Unilode Aviation Solutions, Radiant RFID., ADVEEZ, Astrata Group, Blackhawk, C2E, DigiMobi, Vision Track, Verizon Connect, Space Team, TellQ, The Ortus Group |
This chapter will help you gain GLOBAL Market Analysis of Airport Asset Tracking Services. Further deep in this chapter, you will be able to review Global Airport Asset Tracking Services Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Airport Asset Tracking Services. Further deep in this chapter, you will be able to review North America Airport Asset Tracking Services Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Airport Asset Tracking Services. Further deep in this chapter, you will be able to review Europe Airport Asset Tracking Services Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Airport Asset Tracking Services. Further deep in this chapter, you will be able to review Asia Pacific Airport Asset Tracking Services Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Airport Asset Tracking Services. Further deep in this chapter, you will be able to review South America Airport Asset Tracking Services Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Airport Asset Tracking Services. Further deep in this chapter, you will be able to review Middle East Airport Asset Tracking Services Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Airport Asset Tracking Services. Further deep in this chapter, you will be able to review Middle East Airport Asset Tracking Services Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Airport Asset Tracking Services. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Offering Analysis 2019 -2031, will provide market size split by Offering. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Offering Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Asset Type Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Airport Asset Tracking Services market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Hardware have a significant impact on Airport Asset Tracking Services market? |
What are the key factors affecting the Hardware and Software of Airport Asset Tracking Services Market? |
What is the CAGR/Growth Rate of Fixed Assets during the forecast period? |
By type, which segment accounted for largest share of the global Airport Asset Tracking Services Market? |
Which region is expected to dominate the global Airport Asset Tracking Services Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|