Consumer Asset Tracking and IoT

According to Berg Insight, market potential for consumer asset tracking is substantial.  Europe and North America had 12.5 million active consumer asset tracking devices at the close of 2022. With an expected CAGR of 18.4%, this number is projected to rise to 29.2 million by 2027, while the market value is anticipated to increase from €1.6 billion in 2022 to €3.8 billion in 2027. 

The growth of the consumer asset tracking market is fueled by its ability to enhance safety, security, and convenience for users, while at the same time becoming more accessible and efficient. 1NCE sees a high relevance of IoT to Consumer Asset Tracking as the number of customers providing such devices is constantly expanding within the client base. 

Consumer Asset Tracking Vendors

Let’s go through major North American and European market leaders within consumer asset tracking devices:

Consumer Asset Tracking and IoT Applications

Consumer asset tracking encompasses the monitoring of vehicles, personal devices, and various items, as well as the tracking of real, living assets:

Learn more about the Automotive and Logistics sectors or explore our Customer insights.