LPWA asset tracking to exceed 500 million things by 2023

Sept. 12, 2018
According to ABI Research, low-power wide-area (LPWA) wireless networks are set to unleash the next wave of growth for Internet of ...

According to ABI Research, low-power wide-area (LPWA) wireless networks are set to unleash the next wave of growth for Internet of Things (IoT) asset tracking solutions, reaching 500 million tracked things by 2023.

Low-cost, battery-powered tracker devices that are integrated with connectivity, cloud storage, and software platforms are intended to provide visibility of assets to multiple stakeholders across a supply chain.

"Simple, low-cost LPWA-enabled asset tracking solutions will transform the supply chain and logistics industry the way smart meters are transforming the energy and water distribution industry," said Adarsh Krishnan, principal analyst at ABI.

Logistics companies have been early adopters of asset tracking solutions driven by life-sciences and healthcare customers due to strict regulations and to mitigate supply chain risks, especially in the transportation of sensitive and high-value biomedical assets. Intermodal refrigerator containers have already witnessed connectivity adoption, but with LPWA network technologies, the technology is being adopted for dry containers as well, which accounts for nearly 90% of the total container fleet in the world. Asset tracking solutions are expected to have the most impact on tool and heavy equipment rental companies, with more than 45% penetration of rental inventory by 2023.

Device OEMs such as Calamp, Xirgo and Roambee have been early to develop solutions using cellular LPWA network technologies. Non-cellular solutions using SIGFOX and LoRa technologies from Ticatag, Sensolous, Tracknet, and Viloc have also been making significant inroads through partnerships with system integrators and communication service providers such as Comcast (NASDAQ:CMCSA) and Cox Communications. Non-cellular LPWA solutions may have been early to market, but cellular LPWA networks combined with horizontal platforms are expected to drive much wider adoption and to account for three-quarters of the installed base of asset trackers in 2023. LTE-M is expected to be more successful in IoT applications that require more continuous tracking capabilities with a low latency threshold, whereas NB-IoT is expected to address use cases that require periodic tracking of assets across multiple regions due to its energy efficiency and lower cost.

As the technology matures and the market witnesses wider adoption, more value in asset tracking services is expected to be realized through the integration of artificial intelligence (AI) and blockchain technologies.

Krishnan said, "AI will provide valuable insights from analysis of the location data gathered by the asset tracker, and blockchain will allow for decentralized control and provide greater transparency across supply chain processes."

About the Author

BTR Staff

EDITORIAL
STEPHEN HARDY
Editorial Director and Associate Publisher
[email protected]
MATT VINCENT
Senior Editor
[email protected]
SALES
KRISTINE COLLINS
Business Solutions Manager
(312) 350-0452
[email protected]
JEAN LAUTER
Business Solutions Manager
(516) 695-3899
[email protected]

Sponsored Recommendations

The Pluggable Transceiver Revolution

May 30, 2024
Discover the revolution of pluggable transceivers in our upcoming webinar, where we delve into the advancements propelling 400G and 800G coherent optics. Learn how these innovations...

The Journey to 1.6 Terabit Ethernet

May 24, 2024
Embark on a journey into the future of connectivity as the leaders of the IEEE P802.3dj Task Force unveil the groundbreaking strides towards 1.6 Terabit Ethernet, revolutionizing...

Scaling Moore’s Law and The Role of Integrated Photonics

April 8, 2024
Intel presents its perspective on how photonic integration can enable similar performance scaling as Moore’s Law for package I/O with higher data throughput and lower energy consumption...

Coherent Routing and Optical Transport – Getting Under the Covers

April 11, 2024
Join us as we delve into the symbiotic relationship between IPoDWDM and cutting-edge optical transport innovations, revolutionizing the landscape of data transmission.